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Digiron [165]
3 years ago
9

trade restrictionsa. reduce the gains from trade for the country as a wholeb. increase the gains from trade for poor countriesc.

reduce the number of hours employees must workd. increase the standard of living for the country as a whole
Business
1 answer:
Rus_ich [418]3 years ago
3 0

Answer:

a. reduce the gains from trade for the country as a whole

Explanation:

Trade barriers, such as tariffs, are more economically harmful than their benefits because they increase prices and reduce the availability of goods and services, thus reducing income, employment and economic output. The transition to a rules-based trading system after World War 2 started the development of the international economy in the world. This widespread reduction of trade barriers has contributed to economic prosperity in many ways, including significant growth in trade and accompanying growth in economic output and revenues.

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Journalize the entries to record the following.
vredina [299]

Answer:

Explanation:

The journal entries are shown below:

1. Petty cash A/c $1,100

       To Cash A/c $1, 100

(Being the petty cash fund is established)

2. Office supplies A/c Dr $614

   Miscellaneous selling expense A/c Dr $200

   Miscellaneous administrative expense A/c Dr $145

   Cash short and over A/c $26

             To Petty cash A/c $985

(Being the expenses are recorded)

The Cash short and over is computed below:

= $1,100 - $115- $614 - $200 - $145

= $26

4 0
3 years ago
All of the following are related to a takeover except a: A) tender offer. B) consolidation. C) going private transaction. D) pro
NARA [144]

Answer:

E

Explanation:

A takeover is when a company is faced with a hostile tender offer.

A strategic alliance agreement between firms to come together in order to achieve a joint goal.

A consolidation can occur between firms as a result of the takeover.

Proxy contest is a contest for the ownership of a firm

5 0
3 years ago
Tire production in the United States has been on the decline, in both absolute and relative terms. Imported tires are replacing
Helen [10]

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.

6 0
3 years ago
Which of the following statements is correct concerning liability when a partner in a general partnership commits a tort while e
Daniel [21]
The answer is “A”. “The partner committing the tort is the only party liable.
6 0
3 years ago
On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par value common stock for $15 per share. On March 1, 2016, Al
erik [133]

Answer:

Given:

On January 2, 2016:

Issued 15,000 shares of $10 par value

Common stock for $15 per share

On March 1, 2016: Alpha reacquired 1,000 of these shares when they were trading $20 each.

On September 1, 2016: Alpha reissued 500 shares of treasury stock at the going market rate of $25 per share.

3 0
3 years ago
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