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Kryger [21]
3 years ago
14

"Tariffs and other trade restrictions increase the domestic scarcity of products from abroad. Such policies benefit domestic pro

ducers of the restricted products at the expense of domestic consumers." This statement:_______
a. Is essentially correct
b. Contains one error; the trade restraints do not increase the scarcity of foreign-produced good
c. Contains one error; domestic producers gain at the expense of foreign producers rather than domestic consumers
d. Contains two errors; trade restraints do not increase the domestic scarcity of product and neither do they harm domestic consumers
Business
2 answers:
Maksim231197 [3]3 years ago
6 0

Answer:

a. Is essentially correct

Explanation:

When there is restrictions in tariffs and foreign trade, there will be a decrease in the availability of foreign products in the country where the restrictions is made i.e scarcity of the restricted foreign products will increase, This restriction will benefit the domestic producers of the foreign products at the expense of the domestic consumers. The consumers will have no choice other than to patronize the domestic producers. So the statement is essentially correct.

serg [7]3 years ago
4 0

Answer: A

Explanation: Tariffs are imposed on foreign goods that are bought into a country. There are several reasons for the imposition of tariff such as revenue generation for the government, prevention of dumping, and protecting local industries.

When tariffs and other trade restrictions are placed on a product, it increases the domestic prices of such products. This is a blessing to domestic producers selling similar products because there will be an increase in demand for domestic products

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Relationship-enhancing attributions involve which of the following factors?
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Relationship-enhancing attributions involve Giving credit for positive actions and excusing transgressions.

Explanation:

Relationship-enhancing features happen when people place greater responsibility for the positive behavior on their relationships and less responsibility for the negative behavior of their partners.

If your partner brought you flowers, that's because he's sweet and sweet. But that's because he's caught in the traffic (something he wouldn't control when he's slow for a date).

In special relationship research, attributions are frequently divided into two classifications: attributions that "improve relationship" and attributions that "maintain distress" (Bradbury & Fincham, 1990), respectively.

7 0
3 years ago
describe the difference in economic profit between a competitive firm and a monopolist in both the short and long run. which sho
bogdanovich [222]

A company in monopolistic opposition produces an allocatively green output degree even as a company in best opposition produces a productively green output degree.

The long-run equilibrium answer in monopolistic opposition usually produces 0 monetary income at a factor to the left of the minimal of the common overall value curve. The life of excessive limitations to access prevents corporations from coming into the marketplace even withinside the long run.  

Therefore, it's far viable for the monopolist to keep away from opposition and hold making tremendous monetary income withinside the long run. One feature of a monopolist is that it's far a income maximizer. Since there's no opposition in a monopolistic marketplace, a monopolist can manage the charge and the amount demanded. The degree of output that maximizes a monopoly's income is calculated through equating its marginal value to its marginal revenue.

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8 0
1 year ago
Pearsall Company's defined benefit pension plan had a PBO of $268,000 on January 1, 2021. During 2021, pension benefits paid wer
Temka [501]

The amount of the PBO at December 31, 2021, was $333800

<u>Explanation:</u>

The amount of PBO at december 31st is calculated as follows:

PBO on jan 1, 2021 = $268000

add: Service cost = $86000

add: interest = $26800

less: pension benefits that have been paid = $47000

now, we have to solve the above calculation

we get, PBO at dev 31 = $333800

Note: interest is calculated by multiplying the PBO amount on Jan 1,2021 with the rate of interest given.

Thus, $268000 multiply 10% = $26800

3 0
3 years ago
The difference between the actual amount paid and the standard price paid to purchase an item is called a
Ksivusya [100]

Answer:

Purchase Price Variance (PPV)

Explanation:

6 0
3 years ago
Assume the MPC is 0.6. If government were to impose $10 billion of new taxes on household income, consumption spending would ini
mihalych1998 [28]

Answer:

$6 billion

Explanation:

Calculation to determine what consumption spending would initially decrease by

Using this formula

Decrease in Consumption spending=MPC * New taxes on household income

Let plug in the formula

Decrease in Consumption spending=0.6*$10 billion

Decrease in Consumption spending=$6 billion

Therefore consumption spending would initially decrease by $6 billion

4 0
3 years ago
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