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
andre [41]
3 years ago
15

What would happen if the European Union put a quota on American jeans and only allowed 4,000, pairs of jeans to be imported?

Business
2 answers:
brilliants [131]3 years ago
7 0

If the European Union put a quota on American jeans only allowing a small portion to be imported the demand for the jeans would rise even though the supply would not follow that.  When there is a small limit on something that consumers want, the price usually goes up because they know they will sell the items regardless and in this case that may happen. The price of jeans will rise, the demand will rise, but the supply will not.

Advocard [28]3 years ago
3 0

<u>The quota on American jeans will increase the price of American jeans and make them more desirable in the European Union. </u>

Further Explanation:

Luxury items:

Luxury items refer to the commodities that are highly desirable and considered as a status icon in a specific society or community. Generally, the consumption of luxury items is regarded as conspicuous consumption. Conspicuous consumption refers to the use or purchase of the commodity to show one’s wealth. The luxury items are costly than the normal commodity.  

Explain the effect of the quota put by the European Union (EU):

If the European Union set a quote and only allow the import of only 4,000 pair of jeans, then the demand of the American jeans will increase. The increase in the demand for the jeans will lead to an increase in their price. The scarcity of the product will make it more desirable in the EU.

Thus, the quota on American jeans will result in an increase in the price of American jeans and make them more desirable in the European Union.

Learn More:

  1. Learn more about the demand curve brainly.com/question/2396551
  2. Learn more about the free market society brainly.com/question/4536682
  3. Learn more about the positive incentive brainly.com/question/8306236

Answer Details:

Grade: High school

Chapter: Types of goods

Subject: Economics  

Keywords: What, would, happen, European, Union, put, quota, American, jeans, only, allowed, 4,000, pairs, jeans, imported.

You might be interested in
A local university has a goal of raising $500,000 for an escrow account. Their fund-raising committee has committed to raising $
zavuch27 [327]

Answer: 77 months

Explanation:

Use the NPER function on Excel to find the answer.

Rate is compounded monthly so:

= 8% / 12

= 0.66667%

Payment = 5,000 per month

Present value = $0

Future value = 500,000

Value should be = 76.87 months

= 77 months

6 0
3 years ago
At Mighty-Tuf Industrial Products Group, 30 percent of its employees are neither a citizen of the parent company nation nor the
horsena [70]

Employees that are not from the parent country or the host nation are known as third-country nationals.

<h3>Who are third-country nationals?</h3>

These are those employees that do not come from the country the company was founded in, or from the country that the company is operating in.

These employees are usually hired based on competence and not due to internal policies dictating that a certain number of nationals or home citizens must be hired.

Find out more on employee hiring policies at brainly.com/question/25907189.

4 0
2 years ago
Jason's Outdoors manufactures two products: snow skis and water skis. Jason's managerial accountant suspects that product cost d
Ainat [17]

Answer:

Jason's accountant should consider a single plantwide rate to correct the problem.

Explanation:

If a company manufactures products that consume factory overhead costs in different ways, a single plantwide rate may not accurately allocate factory overhead costs to the products and cause cost distortions. Cost distortions can cause companies to lose sales and make incorrect decisions on expanding production.

4 0
3 years ago
This problem has been solved!
liubo4ka [24]

Answer:

A Overhead:          180,634

B Production Cost: 214,410

C Period Cost:           71,091

Explanation:

<u>Manufacturing overhead</u>

Factory utilities                                   16,942

Depreciation on factory equipment  13,387

Property taxes on factory building      3,252

Indirect factory labor                          49,656

Repairs to office equipment                 2,179

Indirect materials                               84,468

Factory repairs                                     2,465

Factory manager's salary                    8,285

Total:                                                180.634

<u>Product Cost</u>

Direct labor                         71, 743

Direct materials used        142,667

Total:                                  214,410‬

<u>Period Cost </u>

Sales salaries                                 47, 310

Depreciation on delivery trucks     4,546

Advertising                                     15, 712

Office supplies used                       3,523

Total:                                               71,091

5 0
3 years ago
A seller uses a perpetual inventory system, and on April 17, a customer returns $1,000 of merchandise previously purchased on cr
Vika [28.1K]

Answer:

The solution is given in tabular form.

7 0
3 years ago
Other questions:
  • The apr of deloris' savings account is 3.8%, and interest is compounded semiannually. if the principal in deloris' savings accou
    13·2 answers
  • What are supply chain
    11·1 answer
  • 2. Julia is interested in knowing how many grams of protein she should have in addition to the calories from protein. She often
    7·1 answer
  • Mark and Barry own the Warehouse Liquor Store in town. They are careful to pay all of their taxes in full and on time. Recently
    10·1 answer
  • Why were US workers against the ratification of the North American Free Trade Agreement (NAFTA) in 1992?
    8·2 answers
  • Handy Hiking produces backpacks. In 2018, its highest and lowest production levels occurred in July and January, respectively. I
    9·1 answer
  • The process by which management plans, evaluates, and controls long-term investment decisions involving fixed assets is called _
    13·1 answer
  • Chuck has AGI of $70,000 and has made the following payments State income tax $1,900 Federal income tax $7,100 Social Security t
    8·1 answer
  • The June 1 work in process inventory consisted of 4,100 units with $14,700 in materials cost and $12,300 in conversion cost. The
    12·1 answer
  • Japan and other market-based economies enjoy economic growth, but also face greater risks due to:.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!