Answer:
Tariff of 1832
Explanation:
The Tariff of 1832 was enacted to replace the 1828 import tariffs commonly known as Tariffs of Abomination. Most southern states did not like it, but its greatest opposition came from South Carolina since its economy depended greatly in foreign trade. Back then America's largest export was cotton produced by southern states.
Due to South Carolina's extreme opposition, it was replaced by the Compromise Tariff of 1833. This last tariff would gradually decrease the tax rates until they fell back to 1816 levels, which was approximately 20%.
The Nullification Crisis refers to a legal process carried out in South Carolina that determined that federal taxes, specifically import tariffs were unconstitutional and shouldn't apply to them. The problem is that the Supreme Court decides what is unconstitutional or not, not a state court.
Answer:
expansion should be undertaken as it has a positive net present value
What you described is called an executive order. The president can do this whenever he wants and if it's unconstitutional then the congress and the judiciary system, more specific the Supreme Court, can overthrow this and ban the executive order because it's considered to be unconstitutional or harmful. The president can use this for almost anything.
Answer:
Which of the following are examples of collusion? Choose one or more:
Explanation:
Answer: C, and E
Collusion is the process in which few firms (but not all firms) in the industry mutually cooperate (through a secret meeting) for their own benefits (but not for the benefits of whole industry).
Option A: This is not collusion, since all the owners are involved.
Option B: This is not collusion, since increasing productivity is the normal process.
Option C: This is collusion, since the labor market is deceived by only 2 firms.
Option D: This is not collusion, since all the gas stations are involved.
Option E: This is collusion, since only dominating firms deceive the industry by increasing prices.
Answer:
Date August 1st
cash 195,840 debit
unearned revenue 195,840 credit
--to record the subcription sale on August 1st--
Date December 31th
unearned revenue 81,600 debit
subscription revenue 81,600 credit
--to record accrued revenue at Dec 31th--
Explanation:
11,520 magazine subscriptions x $ 17 = $ 195,840
The subcription wil lbe unearned revenue at sale and reveneu will be recognize overtime as the earnings are accrued.
accrued from August 1 to Dec 20: 5 months
$ 195,840 x 5 months / 12 months = $ 81,600
