Protectionism is the economic policy of restraining trade through quotas, tariffs, or other regulations that heavily burden foreign producers. Protectionism heavily burdens foreign producers.
Protectionism, on occasion known as exchange protectionism, is the financial coverage of restricting imports from other countries thru strategies inclusive of tariffs on imported items, import quotas, and a selection of different authorities policies. Protectionism refers back to the coverage of protective domestic industries in opposition to foreign competition through price lists, import quotas, subsidies, or different restrictions placed on the imports of foreign competition.
Protectionism is usually carried out with the aid of the imposition of price lists, quotas on imports and exports, product fashionable, and authorities subsidies. while it is able to be of brief advantage in developing countries, overall protectionism usually harms us of a's economic system, industries, people, and customers.
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Answer:
The people in an economy have $25 million in money. There is only one bank where they deposit their money and it holds 10% of the deposits as reserves. What is the money multiplier in this economy?
D. 10
Explanation:
10% of $25, 000, 000= $2,500,000
Money multiplier in this economy is by 10
If each sandwich has a variable cost associated with production that costs an average of $3. Your contribution margin is $4.
Using this formula
Contribution margin=Selling price per unit-Variable cost per unit
Where:
Selling price per unit=$7
Variable cost per unit=$3
Let plug in the formula
Contribution margin=$7-$3
Contribution margin=$4
Inconclusion your contribution margin is $4.
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Answer:
Falls by $100,000
Explanation:
In this question, we are asked to calculate and state what happens when demand for land falls and as a result, there is also a fall in rental rate.
Firstly, we cost the total of 1000 acres. The price of 1000 acres is simply the multiplication of the 1000 acres by the $500 unit price= 500 * 1,000 = $500,000
We now calculate the price or worth of the land when demand falls
This is mathematically equal to 400 * 1000 = $400,000
Now, the net economic rent fall would be $500,00 - $400,000 = $100,000
Hence, there would be a fall of $100,000 as the demand for land falls