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pickupchik [31]
3 years ago
11

Liquor stores in Tennessee lobby the state legislature, asking that wine shipments from out-of-state be made illegal. They argue

that if consumers are allowed to buy wine from out-of-state, many in-state employees of liquor stores will lose their jobs. What would an economist likely say in response to this argument?
Business
1 answer:
Minchanka [31]3 years ago
4 0

Explanation:

An economist will respond to this situation by suggesting that the people of Tennessee reallocate resources used formerly for wine production to producing something else that they are good or famous for producing. This move will most definitely make people of Tennessee richer and other jobs will infact be created.

If out-of-state wine happens to be cheaper than what is being produced in Tennessee, then it will be most reasonable for Tennesseeans to stick to out-of-state wines.  

Liquor store job loses will give birth to new jobs that might not have been thought of and overtime, people who have lost their jobs will get a new job.

I hope this helps. Cheers.

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The following department data are available: Total materials costs $172000 Equivalent units of production - materials 50000 Tota
Dmitry_Shevchenko [17]

Answer:

6.94

Explanation:

The total cost of materials is $172,000

The equivalent unit of production materials is 50,000

The total conversion costs are $105,000

The equivalent unit of production is 30,000

Therefore the total manufacturingg costs per unit can be calculated as follows

172,000/50,000

= 3.44

105,000/30,000

= 3.5

3.44+3.5

= 6.94

4 0
3 years ago
Which of the following is correct? Increased education adds to the stock of human capital, not unlike building factories adds to
kherson [118]

Answer:

a. Increased education adds to the stock of human capital,not unlike building factories adds to the stock of physical capital.

Explanation:

Of all the option only option A is correct that is Increased education adds to the stock of human capital,not unlike building factories adds to the stock of physical capital.

The statement means that educated humans are like human capital and increase in education increase human capital. Same like building factories adds to stock of physical capital.

8 0
3 years ago
How do you treat customer concern?​
PSYCHO15rus [73]

Answer: The important thing is to listen and try to offer solutions.

Explanation: The client who shows concern is looking for results, for solutions, and that is what you have to offer. In my case, when a client communicates his concern to me, I first let him express himself and let him know what causes him concern. After the client has expressed his concern, my focus is on finding a solution. I analyze all the aspects and try to finalize the attention to my client with ideas to work the problem.

6 0
3 years ago
The funds the Fed receives from selling government securities
nikdorinn [45]

Answer:

d. are deposited in the U.S. Treasury

Explanation:

The Federal income is mostly generated from the interests on the government securities, Once each and every expenses of the Fed is paid, the remaining earning is deposited in the  U.S. Treasury.

Hence, the correct answer will be "d. are deposited in the U.S. Treasury."

6 0
3 years ago
How have the division and coordination of labor evolved at Merritt’s Bakery from its beginnings to today? 2. Describe how the sp
aniked [119]

Answer:

When Larry and Bobbie first opened the bakery, labour allocation was not as complicated, but only 2 of them were involved. Larry used to make the cupcakes, and Bobbie used to decorate them to create them seem nice. Merritt's then went on to commit and administer the firm instead of executing tasks, which they used to perform on a daily basis since there were administrators, sales associates, and marketers.

When the firm began to grow, there was a command structure in place, with employees reporting directly to Larry as well as Bobbie. Merritts began recruiting additional executives as the business's effectiveness began to deteriorate as the firm grew, and management was constricted. When new employees joined the leadership team only a few people used to notify Larry and Bobbie.

4 0
3 years ago
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