Answer:
2021 2022
Beginning inventory $20,730 $28,010
Cost of goods purchased <u>$150,450</u> <u>$174,240 </u>
Goods Available for sale $171,180 $202,250
Less :Ending Inventory <u>$28,010 </u> <u>$40,660</u>
Cost of goods sold <u>$143,170</u> <u>$161,590</u>
Note: The ending inventory of 2016 will become beginning inventory of 2017.
Answer:
Stable prices
Explanation:
Stable prices created a structured economy without residents having to constantly adapt to deflation, inflation etc.
Answer:
A - shifting the aggregate demand curve to the left, reducing real GDP and lowering the price level
D - consumption, investment, and net exports decrease; aggregate demand decreases.
Explanation:
If interest rates increase, it becomes more expensive to borrow money (since there is a larger amount to be paid back on top of the value of the loan) and more beneficial to save money (since banks will pay more for saving). This means that consumers are less likely to take out loans and more likely to store their money in the bank, leading to a reduction in consumption—less consumer spending, more saving. Likewise with firms, which will be less likely to invest in new capital (because borrowing funds to buy it costs more) and more likely to save profits. This reduction in consumption and investment means that aggregate demand falls, represented in a diagram by a shift to the left.
Thanks
Answer:
This is an example of increasing protectionism.
Explanation:
Protectionism can be defined as an economic policy under which the government of a country limits imports in order to protect the domestic economy. The government adopts a number of actions to protect domestic industries. Some of these measures are
- Tariffs
- Quotas
- Subsidies
- Product standards
In the given example, the imposition of a 35% tariff on the imports of tires from China indicates increasing protectionism. This tariff will increase the price of Chinese tires in the US market. As a result, the buyers will prefer the domestic tires which will be cheaper.
This will help the tire manufacturing industry by increasing its demand. So their production and employment will increase as well.
