Answer:
This is an example of increasing protectionism.
Explanation:
Protectionism can be defined as an economic policy under which the government of a country limits imports in order to protect the domestic economy. The government adopts a number of actions to protect domestic industries. Some of these measures are
- Tariffs
- Quotas
- Subsidies
- Product standards
In the given example, the imposition of a 35% tariff on the imports of tires from China indicates increasing protectionism. This tariff will increase the price of Chinese tires in the US market. As a result, the buyers will prefer the domestic tires which will be cheaper.
This will help the tire manufacturing industry by increasing its demand. So their production and employment will increase as well.
Answer:
they have 25 quarters and 19 nickels
Explanation:
let N = number of nickels
let Q = number of quarters
5N + 25Q = 720
N + Q = 44
N = 44 - Q (now we must replace)
5(44 - Q) + 25Q = 720
220 - 5Q + 25Q = 720
20Q = 720 - 220 = 500
Q = 500 / 20 = 25
N = 44 - 25 = 19
<u>Solution</u>: The correct answer is option D
<u>Explanation</u>:
The following formula is applied for calculating elasticity of demand:
![\mathrm{e}=\left[\left(\mathrm{Q}_{2}-\mathrm{Q}_{1}\right) /\left\{\left(\mathrm{Q}_{1}+\mathrm{Q}_{2}\right) / 2\right\}\right] /\left[\left(\mathrm{P}_{2}-\mathrm{P}_{1}\right) /\left\{\left(\mathrm{P}_{1}+\mathrm{P}_{2}\right) / 2\right\}\right]](https://tex.z-dn.net/?f=%5Cmathrm%7Be%7D%3D%5Cleft%5B%5Cleft%28%5Cmathrm%7BQ%7D_%7B2%7D-%5Cmathrm%7BQ%7D_%7B1%7D%5Cright%29%20%2F%5Cleft%5C%7B%5Cleft%28%5Cmathrm%7BQ%7D_%7B1%7D%2B%5Cmathrm%7BQ%7D_%7B2%7D%5Cright%29%20%2F%202%5Cright%5C%7D%5Cright%5D%20%2F%5Cleft%5B%5Cleft%28%5Cmathrm%7BP%7D_%7B2%7D-%5Cmathrm%7BP%7D_%7B1%7D%5Cright%29%20%2F%5Cleft%5C%7B%5Cleft%28%5Cmathrm%7BP%7D_%7B1%7D%2B%5Cmathrm%7BP%7D_%7B2%7D%5Cright%29%20%2F%202%5Cright%5C%7D%5Cright%5D)
Here, Q2 = 2 million
Q1 = 4 million
P2 = $3
P1 = $2
![\begin{array}{l}\mathrm{e}=[(2-4) /\{(4+2) / 2\}] /[(\$ 3-\$ 2) /\{(\$ 2+\$ 3) / 2\}] \\\mathrm{e}=[(-2) / 3] /[1 / 2.50]\end{array}](https://tex.z-dn.net/?f=%5Cbegin%7Barray%7D%7Bl%7D%5Cmathrm%7Be%7D%3D%5B%282-4%29%20%2F%5C%7B%284%2B2%29%20%2F%202%5C%7D%5D%20%2F%5B%28%5C%24%203-%5C%24%202%29%20%2F%5C%7B%28%5C%24%202%2B%5C%24%203%29%20%2F%202%5C%7D%5D%20%5C%5C%5Cmathrm%7Be%7D%3D%5B%28-2%29%20%2F%203%5D%20%2F%5B1%20%2F%202.50%5D%5Cend%7Barray%7D)
e = - 1.67
Thus, the absolute value is 1.67.
The ginger ale is price elastic because the absolute value is higher than 1. An increase in price will decrease its total revenue.
Thus, the following statement is true: (d) The demand for ginger ale is price elastic, so an increase in the price of ginger ale will decrease the total revenue of ginger ale producers.
Part of the new strategy to save the company was to establish B2B partnerships with companies such as 7-Eleven and Fiat, in order to tap into the robust reseller market.
<h3>
What is the B2B partnership?</h3>
- A B2B partnership is a collaboration between two or more businesses with the aim of creating a win-win situation that will sustain growth and provide substantial value to all parties.
- This might take the form of opportunities for product development, marketing, or general corporate growth.
<h3>
What is the reseller market?</h3>
- The market is made up of wholesalers and merchants that purchase goods to resell.
- A reseller purchases goods with the intention of reselling them for a profit later.
- Since resellers buy products and services in bulk from suppliers, they frequently get deals.
- Then, through the process of resale, resellers establish a connection between producers and customers, delivering goods and services to customers.
- These include supermarkets, department stores, and specialist shops like those that provide pet supplies or home improvement products.
Therefore, part of the new strategy to save the company was to establish B2B partnerships with companies such as 7-Eleven and Fiat, in order to tap into the robust reseller market.
Know more about wholesalers here:
brainly.com/question/7062667
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Answer:it is 0.09290304 m4
Explanation:
