Answer:
B. The U.S. federal government places a tax on all tires imported to the United States
Explanation:
A tariff's definition is "a tax or duty to be paid on a particular class of imports or exports" which fits question B perfectly.
Answer:
The correct answer is letter "B": The agent has different incentives than does the principal.
Explanation:
Incentive conflicts more often called principal-agent problems arise when a <em>principal </em>(stakeholder) hires an <em>agent </em>(manager) to handle businesses on behalf of the principal but the principal's interest is different from the agent's purpose.
Agents are paid for following the principal's instructions but in most cases, when it comes to decision-making, the point of view of the agent differs from the position of the principal. The principal's point of view is typically self-biased.
Answer:
D) Federal Funds
Explanation:
Commercial banks are required to maintain reserves with their regional federal banks. For this requirement they have to make regular timely deposits with federal bank.
These deposits constitute federal funds. The Fed utilizes these funds to regulate markets and meet the demand of other market borrowers. Reserve creation with Fed requirements are determined as per the amount of customer deposits each commercial bank gets.
Customers deposit their funds with commercial banks, a proportion of which is deposited by such banks with Federal reserve to meet their reserve requirements.
Answer: $450,000
Explanation:
From the question, we are told that the activity rate for Machining is $150 per machine hour, and the activity rate for Inspection is $560 per batch and that Product X has machine hours of 3,000.
Machining cost assigned to poduct X will be gotten by multiplying the machine hours by the activity rate per machine hour. This will be:
= 3000 × $150
= $450,000
