Answer:
B) the substitution of domestic steel for foreign steel absorbs resources that would otherwise produce goods of greater value
Explanation:
This type of policy is really controversial since politicians like to announce public policies that may help their constituents on the short run, but will eventually end up damaging them and the whole country on the long run.
A clear example is coal mining. Coal mining was praised during the last election and even though some new jobs have been created in that industry, the overall effect in the country is extremely negative and offsets any positive outcome. Coal mining results in heavy pollution and it is also not economically profitable. The resources invested in coal mines could generate much higher benefits for everyone, investors, workers and the government if they were used to finance some other activity.
Currently the government has limited the imports on foreign steel and the domestic production hasn't been able to increase enough to cover the manufacturing needs of American companies and it resulted in higher steel prices and an increase in manufacturing costs.
Market rules apply to everyone and every country. Sometimes it is not possible to produce certain goods at a competitive price no matter how hard we try and the country's well being is negatively affected. Much better results can be obtained by focusing on certain industries where American businesses really excel instead of always trying to favor inefficient industries that have a high lobby power.
Answer:
Weighted-average number of shares = 310,600
Explanation:
Given:
Total shares on January 1, 2017 = 291,000 (for 12 months)
Issue of new shares On May 1, 2017 = 29,400 (For 8 months)
Computation of Weighted-average number of shares:
Weighted-average number of shares = [291,000 × (12/12)] + [29,400 × (8/12) ]
Weighted-average number of shares = [291,000 + 19,600 ]
Weighted-average number of shares = [310,600]
Answer:
The statement is: True.
Explanation:
Native advertising refers to matching the form and function of the promotion with the medium it is being published. In other words, it is the type of advertising transmitted in a similar medium of what the product might be used for. Nowadays it is more commonly spread in social media and the products inherent with its use.
The Federal Trade Commission Act (FTC) is in charge of the advertising in the U.S. Along with the government, the FTC reviews deceiving promotion that does not link the content of the products offered with their true form. The Bureau of Consumer Protection is the body that enforces regulation on fraudulent marketing practices granted by the FTC.
Answer: Sales 2,250,000
Explanation:
variable cost 1,250,000
25 x 50,000
Gross Profit 1,000,000
Fixed Cost
Selling & Administrative 300,000
Operating income 700,000
interest expense
10,000
non- controllable expenses 10,000
non-controllable income 690,000
income taxes 200,000
net income 490,000
Explanation:
the interest expense is not part of the operating cost, those cost are not part of the business activity. It is on the non-controllable expenses
Answer:
Terms matched to best answers, given below
Explanation:
Risk Return Trade off : Safe investments make little money
Crony capitalism : Capitalism characterized by a government-manipulated economy
Marginal Benefit : Change in Total Benefit
Balance of Payment : CA+NX=0
Lorenz Curve : Represents actual distribution of income
Scarcity : When demand exceeds our ability to fulfill those demands
Marginal Cost : Change in total cost
