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4 years ago

Which best describes why governments enact tariffs

Business

2 answers:

ExtremeBDS [4]4 years ago

7 0

I believe the answer is: To discourage consumers from purchasing foreign goods

Tariffs is the additional payment that must be made for foreign products to enter a country. When a tariff is imposed, the price of the foreign product would most likely be increased as it arrive in the local market. This tend to discourage consumers and make them choose cheaper local products.

iren2701 [21]4 years ago

3 0

Hey there,

Answer:

T<span>o discourage consumers from purchasing foreign goods

Hope this helps :D

<em>~Top</em>
</span>

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Suppose that all banks keep only the minimum reserves required by law and that there are no currency drains. The legal reserve r

poizon [28]

Answer:

The answer is $900

Explanation:

Money supply is the total value of money available in an economy at a particular time i.e the total amount of money in an economy at a particular time. A decrease in the reserve ratio leads to an increase in the money supply and an increase in the reserve ratio leads to a decrease in the money supply.

Money multiplier is 1/required reserve ratio

=1/0.1

Money supply will be 1 - 10 = 9

Therefore, increase in money supply will be:

new reserves/deposit x money supply

$100 x 9

=$900

5 0

4 years ago

If the amount of a bond premium on an issued 11%, four-year, $100,000 bond is $12,928, the annual interest expense is $5,500.

Alisiya [41]

Answer: False

Explanation: interest= Prt

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3 years ago

Why might one doubt that current forms of digital money, such as Bitcoin, will replace more traditional fiat currencies?

NISA [10]

Answer:

The correct answer is (e)

Explanation:

Digital currency, such as bitcoin is out of government’s control. Similarly, the market decides their price and that makes them unpredictable. Likewise, the digital money has various problems that make them different and hard to trust on, such as, they can’t be used as means of payment, the unit of account, store of value and standard value. Because fiat money is equipped with all those advantages, which is why people doubt that current forms of digital will replace traditional money.

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3 years ago

First Class, Inc., expects to sell 20 comma 000 pool cues for $ 14.00 each. Direct materials costs are $ 2.00, direct manufact

Gnom [1K]

Answer:

COGS= $176,800

Explanation:

Giving the following information:

Direct materials costs are $2.00

Direct manufacturing labor is $6.00

Manufacturing overhead is $0.84 per pool cue.

Direct materials:

Beginning inventory= 26,000

Ending inventory= 26,000

Finished goods inventory

Beginning inventory= 1,700

Ending inventory= 3,500

First, we need to calculate the units produced:

Production= sales + desired ending inventory - beginning inventory

Production= 20,000 + 3,500 - 1,700

Production= 21,800

Now, the cost of goods sold:

COGS= (2 + 6 + 0.84)*20,000= $176,800

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3 years ago

Suppose that Jack and Hal and Sophia enter in to a contract for the sale of the business. Jack however was drunk at the time tha

Katyanochek1 [597]

Answer:

The contract is valid unless Jack did not know he was entering into the contract or lacked the mental capacity to comprehend its nature.

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3 years ago