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2 years ago

In most cases, countries use tariffs to reduce foreign competition, but tariffs are also used?

1 answer:

6 0

In most cases, countries use tariffs to reduce foreign competition, but tariffs are also used to increase the demand of locally produced goods and services which further leads to increment in government revenue.

When countries impose tariffs, people get less attractive towards imported goods and services which pushes them towards domestic goods and services. This strategy increases the sale and purchase of locally produced goods and services which helps in enhancing the life of locals of country and also help in discarding the poverty.

Whenever domestic products or services purchased it also raises government revenue which is further used for benefit of local people and building nation which in whole level pushes the growth of entire country.

Read more about government revenue here

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what a successful entrepreneur's profile is and to determine whether your personal characteristics fit that profile. I

ANTONII [103]

Answer:

Explanation:

A successful entrepreneur’s profile is characterized of the following:

1) Self-control: this is the belief that you can do a certain job better than others in the most accountable and responsible manner.

2) Self-confidence: it refers to the never-ending spirit of urgency to develop ideas

3) Realism: it refers to the acceptance of the things as they occur and dealing with them cautiously.

4) Conceptual capability: it refers to an entrepreneur’s ability to recognize relationships swiftly even in the midst of difficult situations.

5) Comprehensive awareness: it refers to the ability to understand complicated situations through planning, strategic decision making, and pursuing multiple business ideas concurrently.

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3 years ago

Which of the following, if true, would most weaken the argument that Fony Corp. should upgrade its technology?A) Employees fear

jarptica [38.1K]

Answer: E - The technology which the company is considering adopting was recently developed and has not yet been successfully implemented in a real business context.

Explanation: the company would be able to recover the cost of adoption of the new technology . This strengthens the argument that the upgrade should take place.

The new technology would improve cost of production and efficiency. This strengthens the argument that the upgrade takes place.

Because the upgrade hasn't been successfully tested, it might have an unintended negative impact which would erode all the benefits of the upgrade

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3 years ago

How might increasing the level of government transfers reduce the size of the economic pie? check all that apply?

maksim [4K]

Since the increasing level of government transfers only transfers the wealth without actual creation of goods/services, Higher taxes may be necessary to finance increased transfer payments, leading to a reduction in hours worked because of a decrease in the reward for productive activity. Not only that, <span>.Greater transfer activity diverts productive resources into rent-seeking activity</span>

8 0

3 years ago

Alfonso has noticed that increases in unemployment insurance claims are associated with recessions, and therefore be advocates l

7nadin3 [17]

Answer:

<em>c. The reasoning of both Alfons and Mary suffers from the omitted variable problem</em>

Explanation:

The issue of omitted variables occurs as a result of mis-specification of a linear regression model, which could be either because the impact of the omitted variable on both the dependent variable is unclear, or the evidence was not accessible.

This causes you to omit the variable from your regression, resulting in over-estimation (upward bias) or underestimation (downward) of the influence of one of the other predictor variables.

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3 years ago

Your local toy store just announced that it will pay a $4 dividend next year, $3 the following year, and then a final liquidatin

topjm [15]

Answer:

It would sell for 761.49 dollars

Explanation:

Generally, stock prices are determined on stock market based on supply and demand mechanism. However, according to the discount dividend model present value of stock could be calculated as dividend per share/(cost of capital equity-growth rate). Growth rate between year 1 and 2 is 3-4/4 equals to -0.25%. From year 2 until year 3 it is 46-3/3 equals to 14.33%. Now we can take arithmetic average of these two and we get 7.04%( 14.33-0.25/2). Finally share could sell today for 46+3+4/(14-7.04%) equals to 761.49 dollars

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3 years ago