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DochEvi [55]
3 years ago
7

Suppose country X currently does not produce widgets. Instead, it imports widgets from country Z. Then country X establishes a r

egional trade agreement with country Y. Following the formation of the regional trade agreement, it imports widgets from country Y. What has occurred?
Business
1 answer:
bija089 [108]3 years ago
3 0

Answer:

There is trade diversion and a welfare loss for country X.

Explanation:

A trade diversion is created since country X no longer imports widgets from country Z and instead it imports them from country Y. Since country X started to import from country Y following the formation of a regional trade agreement it is losing welfare. This happens because country Z's widgets had a lower price but they were replaced due to the advantages given to country Y's widgets by the trade agreement.

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Study the data below and answer the questions that follow. A, B and C represent three countries: Germany, Pakistan and China (al
Mrac [35]

Answer:

(a) The countries are

A is China

B is Germany

C is Pakistan

(b) Based on the table's data,

The employment structure for A is 9% Agriculture, 47% Manufacturing, 44% services,  where the labor force by sector for Germany is given as 25.1% through agriculture, 27.5% through (manufacturing) industry and 47.4%   through services, based on 2019 statistics, which is not in correlation with the given table data with the same metric

However, the GDP by sector for China is given as 7.9% through agriculture, 40.5% through (manufacturing) industry and 51.6% through services, which is in correlation with the given table data although different metrics but in terms of reflective nature of the economic spending and per capita income

The employment structure for B is 1% Agriculture, 28% Manufacturing, 71% services, where the labor force by sector for Germany is given as 1.4% through agriculture, 24.2% through (manufacturing) industry and 74.3%   through services, based on 2016 statistics, which is in correlation with the given table data with the same metrics

The employment structure for C is 22% Agriculture, 24% Manufacturing, 54% services, where the labor force by sector for Pakistan is given as 37.4% through agriculture, 24.0% through (manufacturing) industry and 38.6%  through services, with an employment rate of of 48.9% based on 2018 statistics, which is in correlation with the given table data with the same metrics

Explanation:

5 0
3 years ago
Shaw Industries, a giant carpet manufacturer, increases its control over raw materials by producing much of its own polypropylen
lions [1.4K]

Answer:

c. Vertical integration

Explanation:

Vertical integration is a strategy in which a manufacturing entity owns or controls its channel of raw materials supply or products required, distribution chain, or retail locations to control its supply chain.

It affords the company some form of advantage by allowing them control the process, reduce costs, and improve efficiencies.

As such, where Shaw Industries, a giant carpet manufacturer, increases its control over raw materials by producing much of its own polypropylene fiber, a key input into its manufacturing process.

This is an example of Vertical integration.

6 0
3 years ago
On July 1, 2011, Hale Kennels sells equipment for $66,000. The equipment was originally purchased on July 1, 2007 at a cost $180
topjm [15]

Answer:

Accumulated Depreciation As of December 31, 2010  = $105,000

Explanation:

<em>Under the straight line method of depreciation, the cost of an asset less the salvage value is spread equally over the expected useful life.</em>

<em>Annual depreciation:</em>

= (cost of assets - salvage value)/ 5 years

= (180,000 -30,000)/5

=.$30,000

<em>From July 1 2007  to December 31 2010 = 3 years 6 months = 42 months</em>

So total accumulated depreciation at the end of 3 years 6 months :

=  ( 30,000/12) ×  42

= $105,000

Accumulated Depreciation As of December 31, 2010 = = $105,000

4 0
4 years ago
A special assessment tax is a tax levied against specific properties that will benefit from a public improvement. It is only lev
Scrat [10]

Answer:

It would take the form of a tax on houses in a small neighborhood, to pay for the new street lamps in that area.

Explanation:

Special taxes are taxes that have a specific application since they affect only a certain group of goods and services that, given their characteristics or effects, are chosen by the government or the tax authority to be subject to a particular tax.

Special taxes are indirect taxes that are applied to the consumption of certain goods or services (such as alcohol or hydrocarbons). They are linear in relation to disposable income.

7 0
3 years ago
The negotiated ________ agreement outlines the rights of both parties in the negotiating process, including work hours, wages, e
Kruka [31]

Answer:

labor-management

Explanation:

Labor-management agreement is when the leaders and the employees of a company make an agreement that has the goal of protecting the rights of the parties involved and define aspects like salaries and working conditions of the employees. According to this, the answer is that the negotiated labor-management agreement outlines the rights of both parties in the negotiating process, including work hours, wages, employee benefits and grievance procedures because this agreement between employees and employers establishes the conditions the employees will receive for their services to avoid disputes and protect the rights of the parties.

7 0
3 years ago
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