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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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sleet_krkn [62]

Answer:

Estimated manufacturing overhead rate= $1.75 per direct labor dollar

Explanation:

Giving the following information:

The estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning February 1 would be $3,150,000, and total direct labor costs would be $1,800,000.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 3,150,000/1,800,000= $1.75 per direct labor dollar

8 0
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tino4ka555 [31]

Answer:

<em>practicality</em>

Explanation:

Practicality can generally be described as the the real facts or details of a situation rather than focusing on ideas or theories.

Instead of assuming things, Kathleen, the manager is actual trying to look whether the company has enough resources as well as the caliber to make a product. Such an approach in the field of business is termed as practicality as the person depends on facts rather than theories or assumptions.

4 0
4 years ago
An ordinary annuity is best defined as: A) increasing payments paid for a definitive period of time. B) increasing payments paid
Tresset [83]

equal payments paid at the end of regular intervals over a stated time period

4 0
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Answer:A. Recycle their old cell phones

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6 0
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An llc is formed when a general partnership files a statement of qualification with the appropriate state official. true or Fals
vova2212 [387]

Answer:

True

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