Answer: a. there are no incentives for Beta to engage in international specialization and trade with Alpha.
Explanation:
Beta can produce 16 oranges or 4 apples in an hour. This means that for every Apple they produce, they can produce 4 oranges;
<em>4 apples : 16 oranges</em>
<em>1 apples : 4 oranges</em>
This is the same terms of trade being offered to them by Alpha because if they sell 1 apple to Alpha they will get 4 oranges. This is the same thing they will get when they are producing for themselves alone.
An incentive would have been them getting more oranges per apple than they can produce on their own if they sacrifice one apple which is not the case. There are simply no incentives for Beta to engage in international specialization and trade with Alpha.
A tax on automobiles imported into the United States that raises prices on imported vehicles to make the price of cars produced in the United States more competitive is a Protective Tax; a tax on all oil imported into the United States, which is implemented to raise money for the U.S. government, is a Revenue tariff.
Explanation:
The protective tax levied by the Federal Government aims at attracting the US citizens to buy the cars manufactured by the local automobile industries. It can also ensure the quality of goods which cannot be compromised with the car manufactured with the raw materials imported from the neighboring country like Mexico.
Import tariffs are included in the Revenue tariff. Such Revenue tariff are collected through the trade of imported oil all used for raising revenue which can also be used for social welfare purposes and also paves the way for boosting oil firms in the US regions.
Answer:
Overheads apply = $2,400
Explanation:
given data
factory overhead = $900,000
general and administrative costs = $600,000
per hour = $20
Direct labor costs = $300,000
solution
we know here Total direct labor hours that is
Total direct labor hours =
Total direct labor hours = 15,000 direct labor hours
so here Factory overheads per direct labor hour will be
Factory overheads per direct labor hour =
Factory overheads per direct labor hour = $60 per direct labor hour
so here Overheads applied to Job will be
Overheads apply = 40 direct labor hours × $60 per direct labor
Overheads apply = $2,400
<span>The Fed sells of reserve bonds to affect the money supply on the open market. Therefore, the fed sells $5 billion worth of T-bonds, then that means they will be taking out a big lump out of your bank put down. In the meantime, the fed sells might pump $5/billion into the financial system by incomplete set aside banking into the grouping and it’s more like $50/billion and the Fed gets the Bonds and the financial system gets the money. Will have to the fed wish to take out cash from the market, it could sell those bonds and take cash out of the economy in trade for bond.</span>
Answer
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Explanation
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