1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Eddi Din [679]
3 years ago
7

The Japanese government restricts imports of rice into Japan. This import quota causes A. a decrease in the consumer surplus of

Japanese consumers. B. the price of rice to be lower than it would have been without the quota. C. Japanese production of rice to fall. D. a decrease in the producer surplus of Japanese rice growers.
Business
1 answer:
statuscvo [17]3 years ago
7 0

Answer:. A. a decrease in the consumer surplus of Japanese consumers.

Explanation:

When an import quota is imposed, it has the effect of limiting the imports of a commodity into an economy.

The effect of this is that supply drops as goods are no longer coming in from outside.

Because of this drop in supply, there is a increase in price.

This increase will reduce the Consumer surplus.

How?

Consumer Surplus is defined as the price that consumers pay vs the price they are willing to pay.

Because there was more supply, they were paying a price less than what they were willing to pay. As this supply has now dropped, the price they are paying is now closed to the price they are willing to pay.

Please do react or comment if you need clarification. Thank you.

You might be interested in
Because there is so much unpredictability in all supply chains, companies must use ___ to make supply chain decisions.
algol13

Because there is so much unpredictability in all supply chains, companies must use Supply Chain Management to make supply chain decisions.

<h3 /><h3>Supply Chain Management: What Is It?</h3>
  • All procedures that convert raw materials into finished commodities are included in supply chain management, which controls the movement of both goods and services.
  • Because all supply chains are inherently unpredictable, businesses must employ supply chain management to make decisions about their supply chains.
  • Businesses can reduce unnecessary expenses and deliver goods to customers more quickly and effectively by using supply chain management.
  • Creating a strategy, locating raw materials, production, distribution, and returns are the top five aspects of supply chain management.

Learn more about Supply Chain Management here:

brainly.com/question/14464030

#SPJ4

8 0
2 years ago
Read 2 more answers
In 2021, CPS Company changed its method of valuing inventory from the FIFO method to the average cost method. At December 31, 20
alekssr [168]

Answer:

Entry to record adjustment:

COGS Dr $9.4m

         Inventory Cr $9.4m

Explanation:

The question relates to a change in accounting policy. According to IAS 8 (changes in accounting policy and estimate), a change in accounting policy is to be reflected retrospectively and prospectively, which means any changes should be implemented by bringing changes in the past records. Since CPS company has been using FIFO method, the inventory has been overstated in the financial statements. A shift to AVCO has resulted in a decrease in inventory value.

The value of inventory has to be reduced as a result of change in accounting policy (i.e $38m - $28.6m). This is the closing inventory so a reduction in the value of closing inventory results in an increase in cost of goods sold (COGS), therefore, the adjusting entry will be aimed at reducing inventory and increasing cost of goods sold, see as follows:

Entry:

COGS Dr $9.4m

         Inventory Cr $9.4m

8 0
3 years ago
Joe's company is looking to make a number of improvements. The firm would like to maximize potential volume and reserved instanc
scoray [572]

The service or tool that could be used for gaining the benefits should be AWS  Orgs.

The information related to AWS Orgs is as follows:

  • AWS Organization should be an account management service.
  • In this, there are multiple AWS accounts that should be consolidated for developing and managing.
  • As an organization administrator, the accounts should be developed and the existing accounts should be invited for joining the organization.

Therefore we can conclude that the service or tool that could be used for gaining the benefits should be AWS  Orgs.

Learn more about discounts here: brainly.com/question/3541148

3 0
3 years ago
Which of these examples is not a good way to generate a unique response to a job advertisement?
zvonat [6]
<span>Include generalized statements the say, in effect, "take my word for it, I have what you are seeking."
People generally respond to advertisement that specifically address their personal needs/issue. Those type of sentences which ask others to trust you without solid reason will only make you seem too untrustworthy to be approached.

</span>
6 0
3 years ago
Greg Jewell read about several companies that were performing relatively well despite the current recession. Stocks like these,
poizon [28]

Answer:

C) defensive

Explanation:

Defensive stocks are stocks that generally perform well during economic recessions. In other words, their price is not related to the market tendency. Even if the market goes down, their price remains stable. Generally companies that sell products with a constant demand are considered defensive stocks, e.g. Costco, Target, Walmart, utilities (all, electric, gas, water), etc.

7 0
3 years ago
Other questions:
  • What can you expect when you ask clients for testimonials?
    8·1 answer
  • Which answer best describes an unsubsidized federal loan?
    10·1 answer
  • Capri Realty is the exclusive representative of Verde Ridge subdivision. Capri sales staff will temporarily work out of a model
    12·1 answer
  • Technician A says that a spark test should be performed on an engine that will not start. Technician B says that a spark test sh
    6·1 answer
  • If STUDENT and COURSE participate in a relationship, this is an example of a(n):
    9·1 answer
  • The variable overhead spending variance, the fixed overhead spending variance, and the variable overhead efficiency variance can
    11·1 answer
  • Big Red Company, a manufacturer of computer hardware components, uses direct labor cost to allocate its production overhead. In
    6·1 answer
  • Prepare adjusting entries for the following transactions.
    6·1 answer
  • Which of the following is an example of a specific purpose? A. I want my employees to understand and follow the new dress code p
    15·1 answer
  • What is the largest type of financial institution ?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!