Hachi is working against a deadline. she must have a term paper written by 8

Limits on the quantity or total value of specific products imported to a nation are:_____.

GenaCL600 [577]

Limits on the quantity or total value of specific products imported to a nation are important quotas. Thus option A is correct.

An import quota is an NTB that places an instantaneous restriction on the amount of some goods that may be imported. An export quota may be a restriction on the quantity of products that may leave a rustic. The merchandise which may be imported during a given period usually for one year imposed by the govt to supply benefits to local producers.

Import quotas may be described because the fixation on the most quantity of any particular commodity imported therein country, usually implemented to safeguard domestic industries and vulnerable producers.

It protects countries’ domestic market from getting flooded with imported goods which are usually cheaper than the identical or similar goods produced by local players because of low cost within the overseas market or high level of efficiency, the expertise of the exporter party.

However, this import restriction may affect consumer sentiment as they will not be getting goods at a less expensive cost.

Learn more about import quotas

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8 0

2 years ago

At Central High School, 28% of the students are Freshmen, 26% are Sophomores, 24% are Juniors, and 22% are Seniors. The student

gregori [183]

Answer:

This is a stratified random sample because a separate random sample is selected from each class

Explanation:

Stratified random sampling is an appropriate method when the population consists of mixed characteristics and you would like to ensure that every characteristic is proportionally represented in the sample. In this example, the population is the students from Central High School and the mixed characteristics are the different classes such as Freshman students, Sophomore students, Juniors and Seniors.

After the population is divided into subgroups based on characteristics, from the overall proportion of the population, you calculate how many people should be sampled in each subgroup. Random or systematic sampling can then be used to select a sample from each subgroup.

6 0

3 years ago

The following revenue and expense account balances were taken from the ledger of Guardian Health Services Co. after the accounts

vekshin1

Answer:

Guardian Health Services Co.

Income Statement for the year ended February 28, 20Y0

$ $

Sales

Service Revenue 334,100

Cost of Goods sold

Supplies Expense <u> 4,180</u>

Gross Profit 329,920

Operating expense

Utilities Expense 26,800

Wages Expense 262,700

Depreciation Expense 17,400

Insurance Expense 8,530

Miscellaneous Expense 6,790

Rent Expense 70,300

Net profit/(loss) (62,600)

Explanation:

The income statement is a statement that shows the net profit or loss of a business for a period end. It shows the income made and expenses incurred in the course of a given period.

7 0

2 years ago

Harris Company manufactures and sells a single product. A partially completed schedule of the company’s total costs and costs pe

irga5000 [103]

Answer:

1. 67,000 87,000 107,000

Total costs:

Variable costs 261,300 339.300 417.300

Fixed costs 360,000 360,000 360,000

Total costs $621,300 $699,300 $777,300

Cost per unit:

Variable costs $3.9 $3.9 $3.9

Fixed costs $5.37 $4.14 $3.36

Total cost $9.27 $8.04 $7.26

2. Particulars Amount($)

Sales(97,000*8.08) $783,760

Variable costs(97,000*3.9) $378,300

Contribution margin $405,460

Fixed costs $360,000

Net operating income $45,460

Explanation:

1. The schedule of the company’s total costs and costs per unit would be as follows:

67,000 87,000 107,000

Total costs:

Variable costs 261,300 339.300 417.300

Fixed costs 360,000 360,000 360,000

Total costs $621,300 $699,300 $777,300

Cost per unit:

Variable costs $3.9 $3.9 $3.9

=(261300/67000)

Fixed costs $5.37 $4.14 $3.36

=(360,000/67000) =(360,000/87000) =(360,000/107,000)

Total cost $9.27 $8.04 $7.26

2. The contribution format income statement for the year would be as follows:

Particulars Amount($)

Sales(97,000*8.08) $783,760

Variable costs(97,000*3.9) $378,300

Contribution margin $405,460

Fixed costs $360,000

Net operating income $45,460

6 0

3 years ago

A lawn service company has the following production possibilities. With one, two, three, and four workers, the company can mo

Marianna [84]

Answer: Third

Explanation:

Diminishing returns to labor refers to the phenomenon where every additional worker leads to an increase in production at a decreasing rate.

Using the scenario described, when there was only one employee the company could mow 4 lawns a day. They added a 2nd worker and that figure went to 9 lawns a day which is an increase of FIVE.

When they added a 3rd worker, the figure again went up but only to 12 which is an increase of THREE only as opposed to the last increase of FIVE.

After the third worker therefore, there was an increase but at a smaller rate.

7 0

3 years ago