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coldgirl [10]
4 years ago
8

The term protectionism, when applied to international trade, refers to governmental restrictions and incentives to affect trade

flows.
0/1 pts
• •


True
•

False
True
Business
1 answer:
SVETLANKA909090 [29]4 years ago
5 0

Answer:

True

Explanation:

Protectionism refers to barrier on import products by restricting products from the foreign market. it can be achieved by putting heavy taxes on imports or implying strict regulation on import products.

it is not a fixed approach it is done when a country decides to go strong in the manufacturing field or want to strengthen its domestic industries by giving subsidy for setting up industries.

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Suppose that demand for a product is Q = 1200 − 4P and supply is Q = −240 + 2P. Furthermore, suppose that the marginal external
eimsori [14]

Answer: 16 units more than social optimum.

DWL = dead weight loss = (1/2)*(Q* - Q°) 12 =96

Explanation:

Q=1200 - 4P and Q=-240 + 2P

In a free market quantity demand =quantity supplied

1200 -4P = -240 +2P

P =240

Sub P

Q* = 240

Socially optimal quantity is

Marginal social benefit (MSC)= marginal social cost(MSC), including external damage =MEC

MPC= marginal private cost =inverse of supply function

MPC = (1/2)*Q + 120

MEC=12

MSC =(MPC +MEC) = (1/2)Q +120 +12

MSC= MPB where MPB is marginal private benefit = inverse of demand functn

MPB = 300 -(1/4)Q

(1/2)Q + 132 =300 - (1/4)Q

Q° = 224

Difference btw Q* & Q° = 16 units more than social optimum.

DWL = dead weight loss = (1/2)*(Q* - Q°) 12 =96

4 0
4 years ago
When a hurricane rips through Florida, the price of oranges rises because the demand curve shifts to the left. supply curve shif
maw [93]

Answer:

Supply curve shifts to the left.

Explanation:

It is know that Florida is the biggest orange producer in America, when a hurricane rips through Florida, there is no change in demand, so the demand curve remains unaltered. As  for the supply curve, the hurricane is likely to destroy orange crops causing a shortage in supply which corresponds to a shift to the left by the supply curve.

The answer is: supply curve shifts to the left.

7 0
4 years ago
Williams manufactures a variety of iron products, made to customer specifications, in small batches. Willie Williams, owner, is
Shtirlitz [24]

Answer:

(C) Janitorial, Welding, HR, Data Svcs, Assembly

Explanation:

Question: If the step-down method is used in this case, which sequence of allocations is not valid?

The step method will allocate a portion of a service department to others service department cost thus, increasing the cost of these.

In this case cost from Janitorialo will go into HR and Data serivces.

Is important to understand that these method have as goal to allocate their cost into production department. The production department receive cost from the service department. They do not allocate into service. Never.

Having said that statement; the conclusion is that option C is incorrect as it is doing a distribution of produciton department into service department.

6 0
4 years ago
Landmark Corp. buys $300,000 of Schroeter Company's 8% five-year bonds payable at par value on September 1. Interest payments ar
yawa3891 [41]

Answer: A debit to Long-Term Investments-HTM $300,000

Explanation:

A journal entry is the act of making records of the transactions that takes place and such transactions typically shows the debit and credit balance of the company.

From the question, we are informed that Landmark Corp. buys $300,000 of Schroeter Company's 8% five-year bonds payable at par value on September 1. Interest payments are made semiannually and that Landmark plans to hold the bonds for the five year life.

The journal entry to record the purchase should include a debit to Long-Term Investments-HTM $300,000.

5 0
3 years ago
am is a responsible citizen and files his annual tax returns judiciously. What should he do with tax return documents that are m
Elena L [17]

The IRS says that you can destroy them after three years. However, if you owe taxes, it is better to keep them up to 10 years.


3 0
4 years ago
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