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kicyunya [14]
3 years ago
12

Recently the United States imposed a 35% tariff on Chinese tire imports in hopes of sustaining U.S. Jobs in tire manufacturing.T

his addition of tariffs is an example of
Business
1 answer:
pogonyaev3 years ago
3 0

Answer:

This is an example of increasing protectionism.

Explanation:

Protectionism can be defined as an economic policy under which the government of a country limits imports in order to protect the domestic economy. The government adopts a number of actions to protect domestic industries. Some of these measures are

  • Tariffs
  • Quotas
  • Subsidies
  • Product standards

In the given example, the imposition of a 35% tariff on the imports of tires from China indicates increasing protectionism. This tariff will increase the price of Chinese tires in the US market. As a result, the buyers will prefer the domestic tires which will be cheaper.  

This will help the tire manufacturing industry by increasing its demand. So their production and employment will increase as well.

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Determine whether each of the following cost should be classified as direct materials (DM), direct labor (DL), or manufacturing
Nana76 [90]

Answer:

(a) DM

(b) DL

(c) MO

(d) MO

Explanation:

(a)  Frames and tires used in manufacturing bicycles.

This is cost directly related to the materials used in manufacturing a product and, thus, should be classified as a direct material cost (DM).

(b) Wages paid to production workers.

This cost is directly related to pay for the labor required to manufacture a product and, thus, should be classified as a direct labor cost (DL).

(c) Insurance on Factory equipment and machinery.

Although this is a cost incurred from manufacturing, it can't be directly linked to either materials or labor since it is an structural cost and, therefore, should be classified as a manufacturing overhead cost (MO).

(d) Depreciation on factory equipment

For the same reason as the previous item, this should be classified as a manufacturing overhead cost (MO).

4 0
3 years ago
A young couple living in rural west-central Missouri heard about the closing of a local grocery store. Although a small operatio
Zina [86]

Answer:

The correct answer is letter "C": the invisible hand.

Explanation:

In Economics, the term "invisible hand" refers to the belief that markets are created according to the demands and needs of individuals who take advantage of opportunities without the need for the intervention of other parties like a government. The term was coined by Scottish Enlightenment thinker Adam Smith (1723-1790) in his book "<em>An Inquiry into the Nature and Causes of the Wealth of Nations</em>" (1776).

8 0
3 years ago
A risk management assessment is a systematic and methodical evaluation of the security posture of the enterprise.
Korolek [52]

Answer: false

Explanation:

Vulnerability assessment is defined as the systematic and methodical evaluation of security posture of the enterprise. It is used to expose the assets to the things that can harm them.

The steps that are involved in vulnerability assessment are the identification of asset, threat evaluation, the vulnerability appraisal, the risk assessment and finally the risk mitigation.

Therefore, the question is false

3 0
3 years ago
Barges' has an asset beta of .57, the risk-free rate is 4.3 percent, and the market risk premium is 7.7 percent. what is the equ
Luden [163]

Barges' has an asset beta of .57, the risk-free rate is 4.3 percent, and the market risk premium is 7.7 percent.

7 0
3 years ago
True or false: Subsection (d) under section 10 of the Federal Arbitration Act requires the court to review the merits of every c
Vanyuwa [196]

It is a  <u>False </u>statment to say that subsection (D) of section 10 of the Federal Arbitration Act mandate that the court review the merits of every construction of a contract. The act speaks to Arbitration.

<h3>What does the Federal Arbitration Act of the United States of America say?</h3>

Subsection (D) of section 10 of the above stated Act state that the United States Court would vacate an award upon application by any of the party to the arbitration:

<em>Where the arbitrators exceeded their power or so imperfectly executed them that a mutual, final and definite award upon the subject matter submitted was not made.</em>

See the link below for more about Arbitration:

brainly.com/question/1139969

5 0
2 years ago
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