ECONOMICS- TRADE
Consider world consisting of two trading entities: the US and the EU. The EU is the exporter of cheese to the US and the importer of oil from the US. Assume the world price of both cheese and oil are set in terms of dollars ($). Also assume that there is no barriers or restrictions on trade for either good. Also assume that the entire exchange between the US and EU is made of trade account transactions and that there are NO capital/financial account transactions between them.

The following table represents the information about the EU’s import of oil. Note that the price of oil is denominated in the US dollar ($) and is equal to $30 per barrel.

True statement for a business plan among following :

(C)Business Plan Provide Road map for future plan  true statement for a business plan .

A business plan is a written description of your business's future.

Explanation:

Business plan a document that describes what you plan to do and how you plan to do it.

Every Business whether established or new all require business plan

A Business Plan provide detail instruction and provide road map for future business section to avoid bumps in road.

Business plan detail about finance required, forecast about future performance, and  future marketing plan for business.However it doesn't guarantee success but provide a better road map for future.

when consumers have more money to pay for a product, the most likely situation to occur from the possible options on the list is (2) an increase in price for computer and computer accessories will happen.

companies tend to price products according to production costs, but they also take into account how much money would a consumer in certain segments be willing to pay for their product. if they have more money, the products would definitely be priced higher.