Answer:
Tariffs and import quotas generally reduce economic welfare.
Explanation:
The vast majority of economists (over 90% according to the University of Chicago) agree that tariffs and import quotas generally reduce economic welfare. This is perhaps the normative statement in which economists agree the most.
The reason why is because tariffs and import quotas only benefit a small fraction of domestic producers, to the dismay of a larger number of consumers who end up having to pay higher prices for consumer goods.
Answer:
Dr. Cash $98,000
Dr. Discount on Bond $2,000
Cr. Bond payable $100,000
Explanation:
If the bonds are issued at a price below the face value then the bonds are issued on a discounted value. The difference between face value and issuance value is known as discount. This discount is recorded separately and amortized over bond's life.
As per given data
Face value = $100,000
Issuance value = $98,000
Discount = $100,000 - $98,000 = $2,000
Answer:
The American Recovery and Reinvestment Act of 2009 (Recovery Act) - which President Obama signed into law on February 17th, 2009 - was an unprecedented action to stimulate the economy. It included measures to modernize our nation's energy and communication infrastructure and enhance energy independence.
Explanation:
The broker should obtain a signed power of attorney from the customer.
A broker is someone or firm who arranges transactions between a buyer and a dealer for a fee whilst the deal is done. A broker who additionally acts as a supplier or as a buyer will become a foremost party to the deal.
In general, before transacting customs enterprise on behalf of a customer, a customs broking is needed “to obtain a legitimate energy of attorney to accomplish that.” 19 C.F.R. 141.46. Neither CBP statutes nor regulations further elaborate as to whether or not digital signatures are accredited to execute a POA.
A power of attorney is a written document signed and recounted by way of one person (the essential) authorizing another man or woman (the lawyer in fact or agent) to behave on their behalf. The law, in particular, provides that the strength of a lawyer may additionally confer authority upon behavior banking transactions on behalf of the most important.
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