The primary purpose of a trading bloc is to reduce or to eliminate the tariffs. Option C is correct.
<h3>What is the trading blog?</h3>
A trading bloc is a kind of intergovernmental agreement, frequently part of a regional intergovernmental organization, in which trade restrictions between participating governments are decreased or totally abolished.
Trade blocs can arise as independent agreements between states or as part of a regional organization. The fundamental purpose of that type of blog is to reduce or eliminate the tariff.
Therefore, option C is correct.
Learn more about the trading blog, refer to:
brainly.com/question/19671382
Answer:
Do you mean methods to maintain family budget?
Answer: Option (b) is correct.
Explanation:
Given that,
Direct materials = $24
Direct labor = $10
Variable overhead = $8
Fixed factory (allocated) = $18
Overtime premium = $8 per unit
Purchased = 2,000 units at a special price of $48 per unit
Contribution Margin (2000 - 1000 units) = special price per unit - Direct materials - Direct labor - Variable overhead
= 48 - 24 - 10 - 8
= $6 per unit
Contribution margin for units produced during overtime = special price per unit - Direct materials - Direct labor - Variable overhead - Overtime premium
= 48 - 24 - 10 - 8 - 7
= $(-1) per unit
Total contribution = 1000 × 6 + 1000 × -1
= $6000 - $1000
= $4000 Profit
Therefore, additional profit will be generated by accepting the special order is $4000.
Answer:
I would choose to invest in C-T bank since it offers $7.3675 more compared to Bank Wan
Explanation:
The two options can be expressed as shown;
Option 1: Bank Wan
A=P(1+r/n)^nt
where;
A=Total amount after a given time
P=Initial deposit
r-Annual interest rate
n=number of times the interest is compounded annually
t=number of years of the investment
In our case;
P=$1,500
r=2.5%=2.5/100=0.025
n=365 days
t=1 year
Replacing;
A=1,500(1+0.025/365)^(365×1)
A=1,500(1.02530
A=1,537.97
Total amount after a year=$1,537.97 for Bank Wan
Option 2: C-T Bank
P=$1,500
r=3%=3/100=0.03
n=2
t=1
Replacing;
A=1,500(1+0.03/2)^(2×1)
A=1,500(1.015)^2
A=1,545.3375
Total amount after a year=$1,545.3375 for C-T Bank
Total amount received to be received from C-T Bank-Total amount to be received from Bank Wan
=(1,545.3375-1,537.97)=$7.3675
I would choose to invest in C-T bank since it offers $7.3675 more compared to Bank Wan
Answer:
Option (c) is correct.
Explanation:
During an economic activity between the two parties, if the third party is affected (Positively or negatively) by this economic transaction then this is known as externality.
There are two types of externalities:
(i) Positive externality: When the third party is positively affected by an economic transaction between the two parties.
(ii) Negative externality: When the third party is negatively affected by an economic transaction between the two parties.
Now, suppose there is a steel manufacturing company for the consumers. But the people who lives near this company have to bear the cost of the pollution created by the company. This is a negative externality.
