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timofeeve [1]
2 years ago
5

What economic theory would be most likely to make a person oppose taxing imports?

Business
1 answer:
aleksklad [387]2 years ago
5 0

The economic theory most likely to make a person oppose taxing imports is "<u>Laissez-faire"</u>

"Laissez-faire" is an economic theory that opposes the government's involvement in economic affairs.

Imposing a tax on imports can have implications for local businesses.

Thus, this theory gained popularity in the USA in the 18th century opposing the government's intervention in economic affairs.

It's a French phrase that means "Let us do," because people believed that imports and exports should be managed by states and not the central government.

Scholars believed that economies go down when governments start imposing taxes on imports.

If you need to learn more about Laissez-faire, click here:

brainly.com/question/23946713

#SPJ4

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Over the past five years, a company had average annual credit sales of $320,000 and this year had write-offs of $2,000. Credit s
Zielflug [23.3K]

Answer:

$2,500

Explanation:

Bad debt Expense will be calculated using the percentage of debt loss. The expense will be calculated using the account receivable balance.

Estimated allowance for doubtful accounts = Credit Sales x percentage = $300,000 x 1% = $3,000

Current Balance = $500 credit

As Allowance for Doubtful Accounts already have credit balance of $500, we need to adjust the remainder to make the closing balance of Allowance for Doubtful Accounts $3,000 at the year end.

Adjustment Value = $3,000 - $500 = $2,500

7 0
3 years ago
he three main types of banks (Traditional, Credit Union, Online or Online-Only) have many tradeoffs with respect to technology,
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The saving rate from the highest to the lowest would be :

Traditional Banks  +/-  5 % of rates

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hope this helps
4 0
3 years ago
Equipment with a book value of $80,000 and an original cost of $164,000 was sold at a loss of $34,000. Paid $103,000 cash for a
jonny [76]

Answer:

Cash flows from investing activities is $653,200.

Explanation:

XYZ Company

Statement of cash flows (extract)

Proceed from sale of equipment ($80,000 - $34,000)               $46,000

Purchase of vehicle                                                                       $103,000

Proceed from sale of land                                                            $410,000

Proceed from sale of long-term investments in stock                 $94,200

Cash flows from investing activities                                        $653,200

8 0
3 years ago
Increased optimism about the future will lead to Multiple Choice
iragen [17]

Answer:

C

Explanation:

more current investment and more future consumption.

8 0
3 years ago
At the beginning of a recession comma which of the following is most likely to be true question mark A. The price level begins t
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Answer:

B. Spending by firms on capital goods is declining.

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3 years ago
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