In December 1994, a major earthquake rocked Kobe, Japan, destroying the housing stock of more than 300,000 people and ruining bridges, highways, and railroad tracks
What impact, if any, do you think this event had on the Japanese current account deficit? Why?
This major disaster destroys capital and infrastructure and causes an increase in desired investment spending relative to income. It is likely that the earthquake reduces the economy's ability to produce income and that wealth falls leading to a reduction in consumption spending. Private savings will likely fall as people try to maintain their standard of living. It is also likely that the government reacts by increases spending on infrastructure without increasing taxes. Thus, overall investment should rise relative to savings, and there should be less of a current account surplus.
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Unearned Revenue is reported as a(n) ____________________ on the balance sheet
Fill in the blank(s) with correct word
______ is the way you pronounce individual sounds.
Fill in the blank(s) with the appropriate word(s).
Which of the following represents how technology is being used in the global marketing environment?
A. companies advertising in both domestic and international publications B. corporations that directly invest in foreign countries by opening satellite facilities overseas C. countries joining free trade agreements to facilitate the import and export of products D. companies outsourcing various functions such as customer service call centers to other countries E. the use of translation programs, which allows customers to view websites in their own language
Project overhead costs ______.
a. are also known as the “level of effort” b. can include a variety of variable costs c. both A and B are correct d. neither A nor B is correct