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ra1l [238]
2 years ago
5

A "Buy American" provision in the 2009 stimulus bill would ________ consumer surplus and ________ producer surplus for industrie

s that produce protected products in the United States.
Business
1 answer:
Neko [114]2 years ago
7 0

Answer:

The correct answer is decrease; increase.

Explanation:

The "Buy American" law was passed in 1933 and established that the US federal government. UU. You must prioritize the purchase of products manufactured in the country. Under certain circumstances, however, the "Buy American" law may not apply when:

  • material of American origin has an excessive cost;
  • material of American origin is not available in sufficient quantity or volume;
  • material of American origin is not in the public interest.

The "Buy American" law may also not apply if the president of the United States or a delegated authority said it on the grounds of reciprocal agreements with other countries defined in the Law on Trade Agreements, the North American Free Trade Agreement (NAFTA) and the World Trade Organization.

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On March 1, it was discovered that the following errors took place in journalizing and posting transactions: a. The receipt of $
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Explanation:

The Journal Entry is given below:-

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           Accounts receivable        8400

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b. Supplies Dr,                2500  

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(Being the reserve entry is recorded)

Supplies Dr,                             2500  

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3 years ago
Marsha is 23 years old and single. She cannot be claimed as a dependent by another taxpayer. Marsha earned wages of $18,500 and
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Answer:

1. d. Both a and c.

2. True.

Explanation:

Marsha and Shelby both are U.S. citizen. Marsha can claim Income credit once she is 25 years older up to 65 years of age. The individual below 25 years of age cannot claim income credit according to the tax law prevailing in U.S.

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Related to the Economics in Practice on page​ 77: If a hurricane results in the supply of hotel rooms decreasing and the demand
UkoKoshka [18]

Answer:

Increases; Ambiguous effect on equilibrium quantity

Explanation:

This situation states that the supply of hotel rooms decreases and the demand for hotel rooms increases due to the hurricane, so this change will shift both the supply curve and the demand curve in the hotel rooms market.

This will shift the supply curve leftwards and demand curve rightwards, therefore as a result, there is an increase in the equilibrium prices and the effect of this change on the equilibrium quantity is ambiguous because that will be dependent upon the magnitude of the shifts of demand and supply curve.

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Explanation:

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