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Novosadov [1.4K]
3 years ago
14

The arguments for restricting trade Suppose there is a policy debate regarding the United States’ imposing trade restrictions on

imported tires. Read the following scenario and answer the question that follows. Domestic producers of tires send a lobbyist to the U.S. government to request that the government impose trade restrictions on imports of tires. The lobbyist claims that the U.S. tire industry is new and cannot currently compete with foreign firms. However, if trade restrictions were temporarily imposed on tires, the domestic tire industry could mature and adjust and would eventually be able to compete in the world market.Which of the following justifications is the lobbyist using to argue for the trade restriction on semiconductors? a. Unfair-competition argument b. Using-protection-as-a-bargaining-chip argument c. National-security argument d. Infant-industry argument e. Jobs argument
Business
1 answer:
Ilya [14]3 years ago
7 0

Answer:

Infant-industry argument

Explanation:

Infant-industry argument says that a particular industry can't compete with other international competitors because of the economies of scale. So, they demand a temporary protection until they gain economies of scale to be ready to compete on a level playing field.

Note: This can also come in the category of 'unfair competition' argument as huge economies of scales of well established companies create an unfair environment for nascent industries to compete on a same level.

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Pheasant Co. can further process Product B to produce Product C. Product B is currently selling for $30 per pound and costs $28
Gnom [1K]

Answer:

differential cost of producing product C = $24 per pound

Explanation:

given data

B  currently selling = $30 per pound

produce cost = $28 per pound

C would sell =  $60 per pound

produce additional cost = $24 per pound

to find out

What is the differential cost of producing Product C

solution

we get differential cost of producing product C is express as

differential cost of producing product C = cost of (B+C) - cost of B   .............1

put here value we get

differential cost of producing product C =  (28+24) - 28

differential cost of producing product C = $24 per pound

3 0
3 years ago
Barton Steel is considering the purchase of a new steel mill. The first option is a top of the line high efficiency mill with a
iris [78.8K]

Answer:

The first project should be chosen

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator

To determine which project to accept, calculate the NPV for the two projects

The first option

Cash flow in year 0 = $-25 million

Cash flow each year for year 1 - 5 = $10 million

Cash flow in year 6 =  $10 million - $15 million = $-5 million

I = 9.5

NPV = $10.50 million

Option two

Cash flow in year 0 = $-12 million

Cash flow each year for year 1 - 6 = $4 million

I = 9.5

NPV = $5.68 million

The first option should be chosen because the NPV of the first option yields the higher NPV

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

6 0
3 years ago
Data mining can support the marketing function by: a. Eliminating the need for a firm to have a billing department b. Billing th
ohaa [14]

Answer:

D. Using customer's past purchase history to send information about related products and services the customer may be interested in

Explanation:

Data mining is the process whereby large pre existing databases are examined with the aim of generating new information. It is the extraction of usable data from a larger set of data. Company usually use this process to turn raw data into useful information that can be applied to their daily activities.

In the case of marketing, data mining helps in extracting useful information from a customer's purchase history in order to identify useful information on goods or services the customer may be interested in or attracted to.

3 0
3 years ago
When the us dollar buys more japanese yen the us dollar has?
zvonat [6]
The dollar buys more yen<span> and the </span>dollar has<span> appreciated.</span>
8 0
3 years ago
What is equilibrium?
inysia [295]

Answer:

B.

Explanation:

equilibrium is pretty much self explanatory, both the demand and quantity has to be equal

8 0
3 years ago
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