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frosja888 [35]
3 years ago
13

Tire production in the United States has been on the decline, in both absolute and relative terms. Imported tires are replacing

most of the domestically manufactured tires in the market. Trade unions in the United States have claimed that over 7,000 jobs have been lost due to Chinese tire imports. You read a blog post that uses this example to say that this is exactly why countries should not engage in free trade: cheaper imports will flood the domestic market and unemployment in the country will increase. Do you think the blogger's conclusions are entirely correct? (Check all that apply) A. Yes, because the country loses jobs and workers are made worse off. B. No, because the efficiencies gained from exploiting comparative advantage generate more winners than losers. C. Yes, because the losers from free trade are likely to outnumber the winners, making the country worse off overall. D. No, because the winners from free trade could compensate the losers.
Business
1 answer:
Helen [10]3 years ago
6 0

Answer:

B. No, because the efficiencies gained from exploiting comparative advantage generate more winners than losers.

Explanation:

Everything has its all pros and cons. When international trade takes place, people in the economy are happy, because of wide variety and options given.

Further the traders, manufacturers also tend to grow as due to competition they improve with the quality standards, designs, variations, etc:

Competition forces to excel in any kind of job you do. And that only the best players and performers stay in the market.

This is the advantage, of such international trades.

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The computation of the alternative minimum tax base begins with regular taxable income. Which of the following is not part of th
klemol [59]

Answer:

A. Subtract state income taxes paid.

7 0
3 years ago
Valley Technology Balance Sheet As of March 11, 2020 (amounts in thousands) Cash 9,700 Accounts Payable 1,500 Accounts Receivabl
ollegr [7]

Answer:

total liabilities = accounts payable $11,500 + unearned revenue $7,500 + debt $65,900 + other liabilities $800 = $85,700

Explanation:

Cash 9,700 Accounts Payable 1,500 Accounts Receivable 4,500 Debt 2,900 Inventory 3,800 Other Liabilities 800 Property Plant & Equipment 16,400 Total Liabilities 5,200 Other Assets 1,700 Paid-In Capital 7,300 Retained Earnings 23,600 Total Equity 30,900 Total Assets 36,100 Total Liabilities & Equity 36,100

1. Buy $15,000 worth of manufacturing supplies on credit

Supplies                                           Accounts payable

debit                credit                       debit                credit

15,000                                                                       1,500

                                                         <u>                         15,000</u>

                                                                                  16,500

2. Issue $85,000 in stock

Cash                                                 Paid-In Capital

debit                credit                       debit                credit

9,700                                                                        7,300

<u>85,000                        </u>                     <u>                        85,000</u>

94,700                                                                     92,300

3. Borrow $63,000 from a bank

Cash                                                 Debt

debit                credit                       debit                credit

94,700                                                                      2,900

<u>63,000                         </u>                    <u>                        63,000</u>

157,700                                                                    65,900

4. Pay $5,000 owed to a supplier

Cash                                                 Accounts payable

debit                credit                       debit                credit

157,700                                                                     16,500

<u>                         5,000  </u>                    <u>5,000                          </u>

152,700                                                                     11,500

5. Receive payment of $12,000 owed by a customer

Cash                                                 Accounts receivable

debit                credit                       debit                credit

152,700                                            4,500                        

<u>12,000                         </u>                     <u>                         12,000</u>

164,700                                                                     7,500

Due to some strange reason, accounts receivable has a debit balance (= $4,500 - $12,000). Since that is not possible, the remaining part $7,500 must be included under unearned revenue:

Accounts receivable                       Unearned revenue

debit                credit                       debit                credit

                        7,500                                               0                        

<u>7,500                         </u>                       <u>                         7,500</u>

0                        0                                                      7,500

 

7 0
3 years ago
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8 0
3 years ago
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3 years ago
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The logic behind this is that if you have more dependents, you will need more of your income to take care of them.

Find out more on claiming allowances on taxes at brainly.com/question/6942700.

#SPJ1

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