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marshall27 [118]
3 years ago
9

Which of the following is not an important question for economic policy raised by the experience of the textile industry? A. How

do the gains from trade compare to the losses? B. Who gains and who loses from free trade among countries? C. Which argument for restricting free trade is politically feasible? D. How does international trade affect consumer well-being?
Business
1 answer:
sweet [91]3 years ago
7 0

Answer:

C) Which argument for restricting free trade is politically feasible?

Explanation:

Foreign trade and globalization are here and there is nothing any country can do to stop it. As a country, you either engage in foreign trade or face with the possibility of becoming the next North Korea.

We can argue the benefits of foreign trade or how can we increase them, but the fact that foreign trade exists and cannot be stopped is something that not even President Trump could avoid.  

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The number of jobs available in the U.S. economy is largely determined by the number of workers private firms choose to hire. In
skelet666 [1.2K]

Answer:

The Federal Reserve is in charge of the monetary policy in the United States. It expands or reduces the money supply (the total amount of money in the economy) by raising or lowering the interest rate.

There is a relationship, in the short run, between unemployment and money supply. The higher the money supply, the lower the unemployment rate, and viceversa: the lower the money supply, the higher the unemployment rate.

This relationship exists because when the money supply increases, the interest rate falls, if the interest rate falls, investing becomes cheaper, and as a result, firms invest more and hire more workers.

The opposite happens when the money supply is contracted: interest rates rise, investing becomes more expensive, and firms hire less people.

This is why the Fed has a great deal of power when it comes to employment in the economy.

7 0
3 years ago
Journalize the following transactions for Griffin Company. Assume a perpetual inventory system. Also, assume a constant gross pr
joja [24]

Answer:

1) October 1:

1.1

Debit Cost of Goods sold $3,600

Credit Merchandise $3,600

1.2

Debit Cash $6,000

Credit Revenue $6,000

2) October 7

2.1.

Debit Revenue $670

Credit Cash $670

2.2.

Debit Merchandise $402

Credit Cost of Goods sold $402

Explanation:

1. October 1: when sold goods, the company recorded Cost of Goods sold and revenue:

1.1

Debit Cost of Goods sold $3,600

Credit Merchandise $3,600

1.2

Debit Cash $6,000

Credit Revenue $6,000

2. October 7

The percentage of revenue that merchandise returned = $670/$6,000 = 11.17%

Assume a constant gross profit ratio for all items sold.

Cost of returned merchandise = $3,600 x 11.17% = $402

2.1.

Debit Revenue $670

Credit Cash $670

2.2.

Debit Merchandise $402

Credit Cost of Goods sold $402

5 0
3 years ago
P.Y.F. ("Pay Yourself First")
Aleonysh [2.5K]

Answer:

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7 0
2 years ago
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From the following examples, which one correctly defines a leader?
mel-nik [20]

Answer:

A

Explanation:

A leader is someone who ensures their team has support and tools to achieve their goals.

8 0
2 years ago
If the Sampson Company, a supplier of wood, understands the needs and requirements for wood for a few firms within a NAICS class
Helen [10]

Answer:

The answer is "Option c".

Explanation:

The customer service must matter arising' needs to fulfill everyone. The Sampson Company, a timber manufacturer, understands the wood specifications or conditions for several firms within the NAICS category. Within this case, the Dunn Company will develop the timber specifications or criteria of all firms underclass.

5 0
2 years ago
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