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nata0808 [166]
3 years ago
8

At the initial equilibrium value of money and price level, the quantity of money supplied is nowless than the quantity of money

demanded. this contraction in the money supply will people's demand for goods and services. in the long run, since the economy's ability to produce goods and services has not changed, the prices of goods and services will and the value of money will
Business
1 answer:
tiny-mole [99]3 years ago
5 0
The value of money will FALL
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Domestic producers of steel rods send a lobbyist to the U.S. government to request that the government impose trade restrictions
Zarrin [17]

Answer:

C. Infant-industry argument

Explanation:

The lobbyst is using the infant-industry argument because he is claiming that all that the emerging national industry needs is some temporary trade restrictions until it can develop enough to compete.

This argument is very commonly used against free trade, and is based on the belief that national industries should be allowed to grow in isolation before opening up the markets. The problem with this argument is what happens if the national industry remains uncompetitive even after a long period of trade restrictions.

7 0
3 years ago
Howard Ramsell recently became aware of implied warranties that exist for consumer purchases. An implied warranty exists as a re
faltersainse [42]

Answer:

(C) the intended use of a product.

Explanation:

Implied as the term means that it is obvious, further guarantee means that the guarantee is obvious.

Now, this is because of the use of the product, as for example there is an equipment called heater, which is generally sold in winters, as it warms the room.

Now it is implied that the heater shall at-least be in proper condition and shall work without any failure for one season of winters.

The correct answer is,

Statement C

3 0
3 years ago
MC Qu. 169 A manufacturer reports the following costs to produce... A manufacturer reports the following costs to produce 23,000
Firdavs [7]

Answer:

Unitary product cost= $54

Explanation:

Giving the following information:

Production= 23,000 units

Direct materials= $23 per unit

Direct labor= $19 per unit

Variable overhead= $276,000

<u>Under the variable costing method, the unit product cost is calculated using direct material, direct labor, and variable overhead.</u>

First, we need to calculate the unitary variable overhead.

Unitary overhead= 276,000/23,000= $12 per unit

Unitary product cost= 23 + 19 + 12= $54

5 0
3 years ago
Webster is a talented baker and has a degree in business management. He wants to own his own chain of incorporated bakeries one
Semmy [17]

Answer:Lack of Feasibility studies

Explanation:

He might experience obstacle if he choose not to understand the area and its demand by the people around the selected area.

Secondly is lack of capital to start up the business.

7 0
3 years ago
Read 2 more answers
Jax Recording Studio purchased $8,200 in electronic components from Music World. Jax signed a 90-day, 10% promissory note for $8
Hunter-Best [27]

Answer:

World's journal entry to record the sales transaction is:

<em>Note Receivable ; Jax Recording Studio $8,200 (debit)</em>

<em>Sales Revenue $8,200 (credit)</em>

Explanation:

Music World is the seller and must recognize Revenue following the sale.The Revenue is initially recognized at the value of sale of $8,200. Music World must also recognize an Asset on the promissory note signed to the value of $8,200.

6 0
3 years ago
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