Which of the following economic events is an accounting transaction?
a: the purchase of new computers
b: creation of prototypes to accompany a bid for work
c: the hiring of a new employee
d: corporate decisions about new product lines

Out of the given economic events, the purchase of new computers is an accounting transaction.

Option A

Explanation:

An accounting transaction is one that needs to be mandatorily entered into the accounting record. The purchase of an asset leads to expenditure and thus, has to be taken into account for record-keeping.

When there is a purchase of an asset that is to be used in the business, the capital account is debited and the asset account is credited for the amount spent to purchase the asset.

i dont know but thats a great qusestion

levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.