Which of the following forces does not play a major part in the adjustments of a industry toward its long-run equilibrium?

1. profits/losses making firms enter or exit the industry
2. firms expanding or shrinking their productive capacity
3. introduction of new products and patents
4. shifts in the demand curves of individual firms as the industry expands or contracts

What is credit and debit in accounting

You are chairman of the board of a successful technology firm. there is a nominal federal corporate tax rate of 35 percent, yet the effective tax rate of the typical corporation is about 12.6%. your firm has been clever with use of transfer pricing and keeping money abroad and has barely paid any taxes over the last 5 years; during this same time period, profits were $28 billion. one member of the board feels that it is un-american to use various accounting strategies in order to avoid paying taxes. others feel that these are legal loopholes and corporations have a fiduciary responsibility to minimize taxes. one board member quoted what the ceo of exxon once said: “i’m not a u. s. company and i don’t make decisions based on what’s good for the u. s.” what are the alternatives? what are your recommendations? why do you recommend this course of action?

What is the sequence of events that could lead to trade surplus