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3 years ago

The arguments for restricting trade

Business

2 answers:

katen-ka-za [31]3 years ago

6 0

Answer: (A) Unfair competition argument

Explanation:

The unfair competition argument is one of the type of common argument that helps in applying while taking various types of unfair decisions in an organization.

It is one of the intellectual branch that basically substitute the competitor's products and the items in the market by using the deceiving techniques or methods.

According to the given question, Lobbyist is basically using the various types of Unfair competition arguments for the purpose of argue for the trading restriction on the steel rods as the foreign producers are using their unfair benefits over the domestic manufactures.

Therefore, Option (A) is correct answer.

Allushta [10]3 years ago

3 0

Answer:

a. Unfair competition argument

Explanation:

With regards to decision about restriction on imported steel rods : Domestic producers, lobbyists state that they should levy trade restrictions, as producers in other countries receive subsidies to export steel rods and that domestic suppliers can't compete in the international marketplace.

The above statement highlights the aspect of 'Unfair Trade Competition'. Such because other countries giving subsidies to their steel rod producers decrease market price of steel rods. This makes their (other countries) steel rods cheaper & make them gain competitive advantage in both their domestic & global markets. So, US steel rods lose their competitiveness in both their domestic market (if cheaper imports enter their market) & in other countries (having cheaper subsidised steel rods).

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The following financial information is presented for three different companies. Determine the missing amounts.

Leto [7]

Answer:

Note: <em>The organized question is attached</em>

<em />

d. Net income = Income from operating - Other expenses and losses

Net income = $15,000 - $4,000

Net income = $11.000

f. Gross profit - Sales - Cost of goods sold

$38,000 = $95,000 - Cost of goods sold

Cost of goods sold = $95,000 - $38,000

Cost of goods sold = $57,000

h. Income from operations = Net income - Other expenses and losses

Income from operations = $11,000 + $7,000

Income from operations = $18,000

g. Income from operations = Gross profit - Operating expenses

$18,000 = $38,000 - Operating expenses

Operating expenses = $38,000 - $18,000

Operating expenses = $20,000

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3 years ago

The vice president for BakerStone comes to you for help with sharing and supporting the new changes. Explain how she can use con

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2 years ago

Dynamo Corporation manufactures toasters. Each toaster comes with a 5-year assurance-type warranty. The toasters sell for $50 ea

Leno4ka [110]

Answer:

1.Dr Cash 25,000

Cr Sales revenue 25,000

2. Dr Warranty expense 2,500

Cr Warranty liability 2,500

3.Journal entry for actual warranty expense

Dr Warranty liability 500

Cr Cash 500

Explanation:

Preparation of Dynamo's journal entries related to the sales and warranty in Year 1.

1.Dr Cash 25,000

Cr Sales revenue 25,000

(50*500)

2. Dr Warranty expense 2,500

Cr Warranty liability 2,500

3. Dr Warranty liability 500

Cr Cash 500

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3 years ago

How would the market for smartphones be affected if the government charged an excise tax of $5.00 on each smartphone sold? quest

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4 years ago

McKinney Corporation had beginning retained earnings of $2,242,000 and ending retained earnings of $2,499,000. During the year t

miv72 [106K]

Answer:

Net income for the year = $257,000

Explanation:

Retained earnings for the year= Net income - dividends paid.

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therefore retained earnings for the year = ending retained earnings balance - beginning retained earnings balance = $2,499,000.-$2,242,000= $257,000.

Net income for the year is thus = $257,000 since no dividends were paid.

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3 years ago