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
ella [17]
3 years ago
7

Domestic producers experience limited import competition when a VER is in place. As a result, these producers make extra profit

because supply is artificially limited by the import quota. This extra profit is called:
Business
1 answer:
GuDViN [60]3 years ago
8 0

Answer:

Quota rent

Explanation:

When voluntary export restraints (VER) are set up and / or import quotas are enforced, the extra profit that domestic producers make because the supply is artificially limited is called quota rent. Quota rents are a type of economic inefficiency since they produce more losses than benefits. Society as a whole generally losses while a group of favored companies make huge profits.

For example, sugar imports are limited in the US, so domestic sugar producers are able to sell sugar at much higher prices than regular international prices. That artificial extra profit earned by sugar companies in the US can be classified as quota rent.

You might be interested in
what term is used to describe the approach taken by companies such as magicleap.com where physical and digital objects are able
timofeeve [1]

The technological approach which enables the coexistence of digital and physical objects using immersive technology is a middle ground between Augmented and virtual reality called MIXED REALITY.

Augmented reality technology is capable of producing a real world representation of physical world using 3D representation.

Virtual reality on the other hand creates a visual experience of a computer simulated digital environment. Virtual reality usually requires the use of headset and sensors.

Mixed reality technology is inbetween virtual and Augmented reality as it allows the interaction between virtual and physical objects in real time. Applications of mixed reality the DAQRI smart helmet which allows communication and collaboration between teams in field such as Engineering and Architecture.

Therefore, mixed reality allows the coexistence of the virtual and physical world on real time.

Learn more :brainly.com/question/22621708?referrer=searchResults

8 0
2 years ago
On the end-of-period spreadsheet, Supplies has a balance of $2,000 in the Unadjusted Trial Balance Debit column and an adjustmen
Mademuasel [1]

Answer:

$1,500

Explanation:

On the end-of-period spreadsheet, the credit adjustment of $500 is made in the Debit balance of Supplies inventory, which will net off the values and resulted Supplies Inventory value will be $1,500 at the end of the year and it will be reported on the financial statements. $1,500 should be appeared for supplies in the adjusted Trial Balance column.

7 0
3 years ago
H. Cochran Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2,3
MArishka [77]

Answer: If the required return is 11 percent, what is the project's NPV? (Do not round intermediate calculations and round your answer to two decimal places, e.g., 32.16.)

Explanation:

7 0
3 years ago
Read 2 more answers
High income countries with larger governments as a share of gdp have generally
Scorpion4ik [409]

Answer: High income countries with larger governments as a share of GDP have generally grown at a slower rate than the countries with smaller governments.

Explanation: Developing countries or countries with less money typically grow at a faster rate than higher income countries because returns related to capital are not as strong. In richer countries, they have higher capital and tend to grow at a slower rate.

5 0
3 years ago
"Jen operates Jen's Fruits & Vegetables, a small market stocked entirely with produce grown on her adjacent farm. Under what
GarryVolchara [31]

Answer:

The federal government can regulate Jen's activity citing the supreme court rule of the government ability to regulate any activity interstate or intrastate that affects interstate commerce.

In the line of this argument it means that a farmer growing and of goods affects interstate commerce.

The farmers best argument concerning the federal government regulating their activities due to interstate commerce is that his activities are purely local and although I don't believe any court will hear him out.

Explanation:

6 0
3 years ago
Other questions:
  • Assume the United States has the following import/export volumes and prices. It undertakes a major "devaluation" of the dollar,
    12·1 answer
  • Net exports equal GDP minus domestic spending on:
    12·1 answer
  • The new performance management system at the Long Island Jewish Medical Center (L.IJ.M.C.) was specifically designed to address
    11·1 answer
  • Which of the following is a disadvantage of using the net present value method of evaluating an investment proposal? a. It consi
    5·1 answer
  • In 1974, the price of a first class postage stamp was 10 cents, a loaf of bread averaged 28 cents, gasoline was 53 cents per gal
    15·2 answers
  • Corporations produce about 84 percent of the business sector output, but are only about _____ percent of the total number of bus
    5·1 answer
  • Which of the following describes a move away from capitalism?
    8·1 answer
  • Harrington Industries, which uses a process-costing system, had a balance in its Work-in-Process account of $68,000 on January 1
    8·1 answer
  • A financial statement is a summary of all the financial transactions that have occurred over a particular period. Also financial
    6·1 answer
  • How do delivery companies track packages?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!