The Sale of an Exporter's Accounts Receivable on Capital Goods,commodities,and

question 68

Short Answer

The sale of an exporter's accounts receivable on capital goods,commodities,and other high-value goods,with the payment due at least 180 days out is known as

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Definitions:

Second Unit

An additional or backup unit or system that serves as a replacement or supplement to the original.

Price-Searcher Markets

Markets where sellers have some discretion over the price of their products due to a lack of perfect competition.

Price-Taker Markets

Markets where individual firms have no control over the price of their products, due to perfect competition and homogeneous products.

Economic Profits

The difference between a firm's total revenue and all costs, including both explicit and implicit costs, representing the excess over the opportunity cost.