1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aleks04 [339]
3 years ago
12

Countries are interconnected today as never before. From eating foods from different countries to singing along to songs perform

ed by foreign bands to wearing clothes made in faraway nations, chances are you encounter something or someone from another country on a daily basis. While it may not seem like it as you go about your daily business, governments play a role in your obtaining goods and services from other countries. This unit explores how and why the government might seek to limit or promote trade between countries, as well as other business activities.
Think about the benefits that trade and interconnectedness can bring you as a consumer. Also consider the drawbacks, if any, to this increasing globalization. Should the government care about how much trade the United States undertakes with other countries? When should the government seek to promote trade? When should the government seek to limit trade?


must be 3 to 5 sentences

plz help
Business
1 answer:
Nuetrik [128]3 years ago
5 0
This is tough to answer in 3-5 sentences, and tends to also be a heavy identifier of your possible political leanings.  You'll have to apologize if some of mine leak out in the response, but this is a question we debate hotly more frequently than every 4 years.

In general, international trade can help increase the GDP and overall profits for US-based corporations.  However, if all we do is export, and we don't import, other countries don't look favorably upon that and may heavily tax our goods to counter this.

I believe we do need to be thoughtful about the amounts and kinds of international trade that we engage in.  For example, farming is always a hotly debated issue for international trade, in part because farmers in other countries with a dramatically lower cost of living OR farmers in countries with a favorable currency rate (exchange from their currency to our dollars gives them an advantage) can undercut our farmers here in the US, many of whom are already struggling.

There are also those who are worried that when we import produce from countries that have not outlawed pesticides we know are carcinogenic, for instance, this creates not only a disadvantage for US farmers, but also for consumers who may be concerned about health issues.

As another example of this, many countries outlawed import of US beef during the Mad Cow Epidemic.  We in turn also placed bans on importing beef from the UK.  

These are examples of why it's important to be thoughtful about trade, but there are certainly many others, including decline in production jobs within the US that have left cities like Detroit a ghost town (this was formerly the hub of our automotive industry production).
You might be interested in
Nick and Katelyn paid $1,600 and $2,100 in qualifying expenses for their two daughters, Nicole and Naomi, respectively, to atten
Damm [24]

Answer: $0

Explanation:

From the question, we are informed that Nick and Katelyn paid $1,600 and $2,100 in qualifying expenses for their two daughters, Nicole and Naomi, respectively, to attend the University of Nevada and that Nicole is a sophomore and Naomi is a freshman.

We are further told that Nick and Katelyn's AGI is $202,000. Based on the above scenario, their allowable American opportunity tax credit will be $0. This is because when AGI is more than $180,000 for such taxpayers, the credit is being phased out.

5 0
2 years ago
Catherine is a U.S. citizen who is employed by DSC, Inc., a global company. Beginning on August 1, 2020, Catherine began working
marin [14]

Answer:

a. Is Catherine eligible for the foreign income exclusion for 2020?

Yes

b. Catherine may exclude <u>$45,104</u> from her gross income for 2020.

Explanation:

In order for Catherine to qualify for the foreign income exclusion, she must have lived in a foreign country for at least 1 one (physical presence test). She lived for more than 1 year if we combine her residence in Germany and Slovenia.  

The foreign income exclusion amount for 2020 is $107,600, and Catherine can exclude up to (153 days / 365 days) x $107,600 = $45,103.56 ≈ $45,104.

5 0
2 years ago
The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash
lys-0071 [83]

Answer:

2021 Balance Sheet

$5,900     Cash

$29,000   Accounts Receivable

$6,500      short-term investments

$69,000   Inventory

$110,400   TOTAL CURRENT ASSETS  

$ 165,000  Property, plant, and equipment (net)  

$165,000  TOTAL NON CURRENT ASSETS  

$275,400  TOTAL ASSETS  

$48,000   Accounts Payable  

$1,000       Interest Payable  

$20,000    Salaries Payable  

$69,000   TOTAL CURRENT LIABILITIES  

$39,000   Long Term Notes Payable  

$39,000   TOTAL NON CURRENT LIABILITIES  

$108,000  TOTAL LIABILITIES  

$145,000  Paid in Capital  

$22,400   Retained Earnings  

$167,400  TOTAL EQUITY  

$275,400  TOTAL EQUITY + LIABILITIES  

Explanation:

To complete the Total Current Assets is necessary to find the Short Term Investments, which is possible to know because the current ratio must be 1,6.

With this information it's possible to know that the total current Asssets are $110,400, and the Short Term Investments are $6,500.

To complete the Balance Sheet we need to know the total Retained Earnings that equilibrate the Accounting equation, that is $22,400.

4 0
3 years ago
Which of the following statements about ticket scalping is correct? Multiple Choice
hjlf

Answer:

B. Scalping tends to be prevalent when there is a shortage of tickets.

Explanation:

Ticket scalping -

It is the method of buying the tickets of any event or show and then selling them at a much higher price to another person , is known as the process of ticket scalping .

It is an illegitimate practice .

Hence , during the shortage of ticket , the process of ticket scalping is increased .

Hence , the correct statement regarding Ticket scalping , is ( B. ) .

7 0
3 years ago
The purpose on<br> objectives<br> Of competition policy<br> in South Africa.
Afina-wow [57]

Explanation: !!!

Der Onkel meines Vaters ist Hitler und saugt gerne an kahlen Köpfen zum Abendessen. Er liebt auch Kniescheiben zum Mittagessen. Er liest auch seinen Namaz

6 0
2 years ago
Other questions:
  • Kathleen, a manager, is attempting to determine whether she has both the capability and the resources to produce one of several
    11·1 answer
  • Discuss the reasons due to which cash book and passbook balances may not match. Is there a method to address the issues related
    12·1 answer
  • The main provision of the Occupational Safety and Health Act states that each employer should furnish each employee a place of e
    9·1 answer
  • Bramble Corp. uses the FIFO method for internal reporting purposes and LIFO for external reporting purposes. The balance in the
    7·1 answer
  • The unemployment rate may underestimate the true extent of unemployment if:
    9·1 answer
  • True or False
    13·1 answer
  • Job cost sheets contain entries for actual direct material, actual direct labor, and actual manufacturing overhead cost incurred
    9·1 answer
  • Global Reach Corp. is a public company whose shares are currently trading in the market at $150 each. The company manufactures s
    5·1 answer
  • Following is the income statement information from Apollo Medical Devices.
    9·1 answer
  • The equivalent annual cost method is useful in determining: Multiple Choice the operating cash flow for mutually exclusive proje
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!