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2 years ago

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:

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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

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

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3 years ago

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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

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Answer:

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3 years ago

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Answer:

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