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3 years ago

Who benefits from an import-substitution strategy? who is harmed?

Business

1 answer:

Aloiza [94]3 years ago

5 0

Answer:

Import substitution industrialization (ISI) is a trade and economic policy which advocates replacing foreign imports with domestic production. Domestic consumers benefit from import substitution as they do not have to face strong competition from foreign competitors and can sell their goods at a higher price. So for example manufacturers in USA sell a battery from $10 but consumers from USA have the option to import that battery at $7 from China the US manufacturers wont be able to compete as Chinese companies have lower cost of production therefore they can sell cheaper and in order to protect the local manufacturers the government may use an ISI strategy to help the local manufacturers. On the other hand consumers are harmed from this strategy as they cannot buy the cheaper product because of change in government strategy. So consumers who were buying the battery at $7 not have to buy it at $10.

Explanation:

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Suppose the Bank of Tazi loaned the banks of Tazi 10 million tazes. Suppose also that both the reserve requirement and the perce

4vir4ik [10]

Answer:

See below.

Explanation:

To compute the change in money supply, we first calculate the credit multiplier,

Credit multiplier is calculated as,

Multiplier = 1 / reserve ratio

When the Bank of Tazi loans 10 million to bank while their reserve requirements stay the same, this additional 10 million will be loaned out and the total change in money supply would be

= 10 million * Multiplier

For example if the reserve ratio was 4% then the multiplier = 1 /0.04 = 25

Then the total change in money supply would be 10 * 25 = 250 million.

Hope that helps.

4 0

4 years ago

Amos, Inc. uses a standard cost system with the following labor standards for one unit of product: standard hours 0.2 and standa

andriy [413]

Answer:

$529.34 favorable and $1,111 unfavorable

Explanation:

The computation of the direct labor rate variance is shown below:

= Actual Hours × (Actual rate - standard rate)

= 3,781 hours × ($41,066 ÷ 3,781 hours - $11 per hour)

= 3,781 hours × ($10.86 per hour - $11 per hour)

= $529.34 favorable

And, the efficiency variance is

= (Standard hours - Actual hours) × standard rate

where,

Standard hours is

= 18,400 units × 0.2

= 3,680 hours

Actual hours is 3,781 hours

So, the efficiency variance is

= (3,680 hours - 3,781 hours) × $11

= $1,111 unfavorable

7 0

3 years ago

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

Kitty [74]

Explanation:

The Journal Entry is given below:-

a. Cash Dr, 8400

Accounts receivable 8400

(Being the Cash received)

b. Supplies Dr, 2500

Office equipment 2500

(Being the reserve entry is recorded)

Supplies Dr, 2500

Accounts payable 2500

(Being the supply is purchased)

7 0

3 years ago

A residential property is greatly diminished in value because of the constant noise of jets taking off from a recently expanded

djverab [1.8K]

Answer:

A residential property is greatly diminished in value because of the constant noise of jets taking off from a recently expanded municipal airport. In order to be compensated for this loss, the owner could:

B.bring a suit alleging inverse condemnation

Explanation:

A law suit is a claim or legal problem taken to a court of law by an individual or organization rather than the authorities for a legal decision to be made. In the case above, the residential property diminished in value after constant noise of jets taking off from a recently expanded municipal airport. The loss in value is as a result of the recently expanded municipal airport and the property owner wants to be compensated for this loss.

In law, there are different terminologies and phrases that have specific meaning, some of them are as follows;

1. Inverse condemnation

Inverse condemnation is a case where a government entity takes private property or influences the value of that private property in one way or another then fails to compensate. In our case, this law suit can apply since the municipal airport is under the jurisdiction of the government and there action of expanding the airport caused a decline in value of neighboring residential property thus they should compensate the owner for this loss. The owner can bring a suit alleging inverse compensation.

3 0

3 years ago

One of the ways to generate word of mouth advertising is

Studentka2010 [4]

C because that’s what one way to generate word of mouth advertising

7 0

3 years ago