When you friend sells your car to make money, he is using it as a

All of the following are considered benefits of free trade EXCEPT A) quota reduction. B) growth of trade. Reactivate C) protecti

Scorpion4ik [409]

Answer:

D. Protection of domestic industries

Explanation:

Free trade is practiced when there are no restrictions on import and export of goods and services. The major objective of free trade is to facilitate growth of trade in a country.

All the available options are benefits of free trade except protection of domestic industries. There will be a tough competition for domestic industries where free trade is practiced because of the free flow of goods and services from foreign countries which can lead to excess supply in the market and thereby erodes the profitability of the domestic industries.Imported goods can also be cheaper compared to locally manufactured goods and this will make local goods unattractive to consumers, leaving domestic industries exposed to low demand.

So one of the benefits of free trade is not protection of domestic industries.

7 0

3 years ago

Bill is a yacht broker in the southeastern United States. For years he has had difficulty selling large yachts locally because t

mezya [45]

Answer:

complementary products

Explanation:

Yachts and spaces to dock are a clear example of complementary products.

If using more of good A requires using of more of good B, then those goods are complementary. In this case, for every additional Yacht sold, there must also be available space to dock, otherwise the value of the Yacht is hindered, thus making those products complementary.

5 0

3 years ago

Janice owns a firm that provides accounting services to a number of small businesses in the area. Her firm processes payroll, pr

Sloan [31]

Answer:

Janice is a public accountant

Explanation:

Public accounting refers to a business that provides its services to other firms at large. By Janice being the owner of such firm she is referred to an accountant that provides her services to the public and she can also be referred to as a certified public accountant

8 0

3 years ago

Assume lawyer services are priced by the hour and elasticity of demand for a particular lawyer is 0.6. If she were to increase h

Dmitry [639]

Answer:

C. Fall, 30%, Rise

Explanation:

Price Elasticity of Demand is responsive change in demand, due to change in price.

P.Ed = % change in demand / % change in price.

Given : Price rise by 50% , P.Ed = 0.6

So, % change in demand = P.ed x % change in price

% change in demand = 0.6 (50)

% change in demand = 30%

Law of demand states negative relationship between price & demand, so P.ed is negative. Price rise 50% reduces demand by 30%.

P.Ed can be : Elastic ( > 1 ), or Inelastic ( < 1 ). If P.Ed is Elastic, price & total revenue are inversely related. If P.Ed is Inelastic, price & total revenue are directly related.

So, Given PEd = 0.6 (i.e < 1 ) : Inelastic Demand implies price & total revenue are directly related related to each other. So, price fall lead to TR fall & price rise lead to TR rise.

6 0

3 years ago

According to the PMQ Pizza Magazine, an estimate of pizza sales in the United States for the top 100 pizza companies was $44.3 b

shusha [124]

Answer:

PMQ Pizza Magazine

Estimate of Pizza Sales in the United States for top 100 pizza companies

a. Computation of the sales per franchise unit:

Name of company Units Sales Sales per Franchise unit

Domino's 14,490 12,252 $0.845

Pizza Hut 16,336 12,034 0.737

Little Caesars Pizza 5365 4,000 0.746

Papa John's International 5071 3,695 0.729

California Pizza Kitchen 260 840 3.231

b. Frequency distribution based on total sales:

Frequency Sales ($ millions)

O up to 1750 840

1750 up to 3500 0

3500 up to 5250 7,695

5250 up to 7000 0

7000 up to 8750 0

8750 up to 10500 0

10500 up to 12250 12,034

12250 up to 14000 12,252

Total sales 32,821

c. Frequency distribution of companies based on per unit sales:

Frequency Per unit sales ($ millions)

0.0 up to 0.5 0

0.5 up to 1 4

1 up to 1.5 0

1.5 up to 2 0

2 up to 2.5 0

2.5 up to 3 0

3 up to 3.5 1

3.5 up to 4 0

Total 5

Explanation:

a) Data and Calculations:

Total estimated sales in 2018 = $44.3 billion

Top 5 Companies Total gross sales in $ millions.

Name of company Units Sales Sales per Franchise unit

Domino's 14,490 12,252 $0.845 (12,252/14,590)

Pizza Hut 16,336 12,034 0.737 (12,034/16,336)

Little Caesars Pizza 5,365 4,000 0.746 (4,000/5,365)

Papa John's International 5,071 3,695 0.729 (3,695/5,071)

California Pizza Kitchen 260 840 3.231 (840/260)

b. Frequency distribution based on total sales:

Frequency Sales ($ millions)

O up to 1750 840

1750 up to 3500 0

3500 up to 5250 7,695

5250 up to 7000 0

7000 up to 8750 0

8750 up to 10500 0

10500 up to 12250 12,034

12250 up to 14000 12,252

Total sales 32,821

c. Frequency distribution of companies based on per unit sales:

Frequency Per unit sales ($ millions)

0.0 up to 0.5 0

0.5 up to 1 4

1 up to 1.5 0

1.5 up to 2 0

2 up to 2.5 0

2.5 up to 3 0

3 up to 3.5 1

3.5 up to 4 0

Total 5

7 0

3 years ago