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3 years ago

Protectionist measures designed to limit free trade and protect domestic jobs

Business

1 answer:

zysi [14]3 years ago

7 0

Answer:

work only if other countries do not retaliate with their own trade barriers

Explanation:

The protectionist trade policies affect both countries as the retaliation of the counterparty generates that the overall trade diminish its quantity and quality.

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20. Which of the following is not a difference between monopolies and perfectly competitive markets? a. Monopolies can earn prof

Naily [24]

Answer:

The correct answer is option c.

Explanation:

A perfectly competitive market has a large number of buyers and sellers. The firms are price takers and the price is determined by the market forces. Thus the monopoly firms face a horizontal demand curve. This horizontal line represents price, average revenue, and marginal revenue. The equilibrium is obtained where price, (average revenue and marginal revenue) is equal to marginal cost. There is no restriction on entry and exit of firms in the long run. That's why firms face a break-even in the long run.

While in a monopoly market there is a single firm. This firm fixes price higher than marginal cost. The demand curve of the monopoly is a downward sloping showing relatively elastic demand. A monopoly firm can earn profits in both the short run as well as the long run.

6 0

3 years ago

A corporation must register as a _____ in every state in which it operates other than its state of incorporation

dusya [7]

A corporation must register as a foreign corporation in every state in which it operates other than its state of incorporation

6 0

3 years ago

he following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.0 hours S

Arisa [49]

Answer:

Direct labor rate variance= $2,430 favorable.

Explanation:

Giving the following information:

Standard labor rate $ 15.10 per hour

Actual hours worked 8,100 hours

Actual total labor cost $ 119,880

To calculate the direct labor rate variance, we need to use the following formula:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= 119,880/8,100= $14.8

Direct labor rate variance= (15.1 - 14.8)*8,100= $2,430 favorable.

It is favorable because the actual rate for direct labor was lower than the estimated rate.

4 0

3 years ago

Suppose that the market equilibrium price for a basic medical check-up is $50, in a market in which there is no health insurance

asambeis [7]

Answer:

The number of check-ups in this market would decrease.

Explanation:

This is an example of price ceiling.

Price ceiling refers to a legal maximum price that is set by the government for a commodity to be sold.

Price ceiling set below the equilibrium price will result in a supply shortage as it will be effective and binding, while price ceiling set above the equilibrium price will not affect quantity supplied in the market as it will not be effective and binding.

Since the $40 price of heck-up is below $50 equilibrium price, it will result in shortage supply and the number of check-ups in this market would decrease.

5 0

3 years ago

Shelley wants to cash in her winning lottery ticket. She can either receive eight $100,000 semiannual payments starting today, o

Aleksandr-060686 [28]

Answer:

single-amount payment $925,160

Explanation:

Given data:

Amount $100,000

Rate 6%

interest semi annually 3%

Number of period 5