1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vedmedyk [2.9K]
3 years ago
8

If the world price of a good exceeds the domestic price of the good, will the country export or import the good. In this scenari

o who gain from free trade: Domestic consumers or Domestic producers? Explain.
Business
1 answer:
saw5 [17]3 years ago
4 0

Answer:

1. Export the good

2. Domesctic producers

Explanation:

Export the good will be the logical thing to do as producers will gain for the higher price of the goodin foreign markets.

You might be interested in
Which of the following best describes equilibrium?
QveST [7]

Answer:

C. A situation where no economic agent would benefit by changing his or her behavior

Explanation:

An economic equilibrium is when the agents are optimizing their decisions and opposing market forces are equal. This point allows the economic agents to maximize their utility and any change from this point will cause all agents to move away from potential maximum benefits.

In a natural equilibrium there is usually no government intervention so option A is false. Option B gives only one agent potential benefits and as such there is no equilibrium. Option D is conditional and may or may not happen as when the agents find missing information they would optimize again and move to an equilibrium.

Hope that helps.

3 0
3 years ago
During the​ year, direct labor costs of​ $30,000 were​ incurred, manufacturing overhead totaled ​$42,000, materials purchased we
andriy [413]

Answer:

Total Manufacturing Cost = $96,347

Explanation:

Total manufacturing cost include all the costs related directly to the production, and does not include any indirect costs, or cost of selling and administration.

Thus, for the information provided we have,

Since not provided assumed no opening and closing inventory.

Total manufacturing cost =

Direct Labor Cost $30,000

Add: Manufacturing Overhead $42,000

Add: Materials Purchased $27,000

Less: Indirect Material included = ($2,653)

Total Manufacturing Cost = $96,347

4 0
3 years ago
When the supply curve in the Sudanese slave trade is perfectly ________, every slave bought by the redeemers results in/is _____
Mamont248 [21]

Answer:

B) inelastic; one less slave

Explanation:

Since in the question it is given that the supply curve in the Sudanese slave trade should be perfectly inelastic and every slave purchased by redeemers that determines that it should be one less slave held in captivity

Therefore in the given case it should be inelastic and one less slave

hence, the correct option is B

Also inelastic means less than one

3 0
3 years ago
Martin Corporation’s (a C corporation) bookkeeper told the owner that she could not have all the tax information ready for the a
Sophie [7]

Answer:

Yes, we can request an extension until the following April 15

Explanation:

In general, there is a room for automatic extension of 6 months for

a corporation to file its income tax return so far appropriate form (7004) has been filed by the corporation, and

estimated unpaid tax liability is been paid before date of the return is due. It should be noted that until tax year 2026, Until June 30 fiscal-year which is tax year 2026 there is duration of 7 months given to the corporation. Though there could be rovoking of the extension by The IRS at any time. tax return of Martin will be due under normall condition by September 15, but since extension comes in it will be due April 15.

3 0
2 years ago
With regard to suppliers, just-in time typically require: Group of answer choices buyer inspection of all goods and materials. d
Arlecino [84]

Answer: long-term relationships and commitments.

Explanation:

Just in time typically implies long-term relationships and commitment. It requires a good understanding of the supplier and the manufacturer in terms of the quantity and the swiftness with material delivery. When there is a misunderstanding between the manufacturer and the supplier, delivery cones to a halt. This is why there's a need for a long lasting relationship and commitment.

5 0
3 years ago
Other questions:
  • Recently, the level of gdp has declined by $60 billion in an economy where the marginal propensity to consume is 0.75. aggregate
    15·1 answer
  • What is the first step in financial planning?
    5·2 answers
  • An example of communicating category membership by relying on the product descriptor is ford's positioning of its freestyle auto
    12·1 answer
  • Which of the following will usually be found on an income statement prepared using absorption costing? Contribution Margin/ Gros
    12·1 answer
  • Assuming no direct factory overhead costs (i.e., inventory carry costs) and $3 million dollars in combined promotion and sales b
    11·1 answer
  • Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials
    13·1 answer
  • Creating a budget is about your wishes and hopes for what you want your income to be.
    9·1 answer
  • Earnings of workers are typically decreased by
    12·1 answer
  • In the field of organizational behavior, organizations are described as
    9·1 answer
  • The easiest way to break password security on a windows 2000 or later machine is to use a ____ program which can set the adminis
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!