Upon entering goods for use or consumption, all necessary documentation and duties, fees and taxes must be paid within five days
Indicate whether the statement is true or false
False
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The British economist G. MacDougall compared the labor productivity ratios and export ratios for the United Kingdom and the United States in order to test
a. Adam Smith's principle of absolute advantage. b. David Hume's price specie flow mechanism. c. David Ricardo's principle of comparative advantage. d. William Benoit's theory of mercantilism.
Identify the risk factor in decision support systems that lead to ethical issues.
A. Errors in personal data B. Lack of sensitivity tests C. ?High processing costs D. ?Real time data processing
A(n) ________ is a group of countries that has agreed to lower tariff barriers and promote trade among members
A) trade union B) privatized organization C) economic community D) joint venture E) global network
On February 15, Jewel Company buys notes of Marcelo Corp. for $200,110. The investment is classified as long-term available-for-sale securities. This is the company's first and only investment in available-for-sale securities. The journal entry to record the purchase on February 15 is:
A. Debit Debt Investments-Trading $200,100; credit Cash $200,100. B. Debit Debt Investments-Trading $200,110; credit Notes Payable $200,110. C. Debit Long-Term Investments-AFS $200,110; credit Cash $200,110. D. Debit Debt Investments-HTM $200,100; credit Cash $200,100. E. Debit Debt Investments-AFS $200,110; credit Notes Payable $200,100.