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3 years ago

The main purpose of most tariffs and quotas is to

1 answer:

jeka943 years ago

5 0

Answer: The main purpose of most tariffs and quotas is to reduce the foreign competition that domestic firms face.

Explanation: A tariff is a tax on imports and a quota is the quantity imported that is allowed. By putting a tax and quantity limit on imports, the United States is hoping to make more room for domestic products to be bought and sold. When items are imported from other countries, even with the tax they are usually cheaper than making them in house. By imposing the tax, they are trying to offset the cheap labor and make the items in the domestic country have a fighting chance. This is also said about quantity limit, if there wasn't a quantity on what may be imported, there would be too few firms able to compete.

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On March 1, the actual cash received from cash sales was $36,006, and the amount indicated by the cash register total was $36,01

Artyom0805 [142]

Answer:

Journal Entry

Explanation:

The Journal Entry is shown below:-

Cash Dr, $36,006

Cash short and over Dr, $4

($36,010 - $36,006)

To Sales $36,010

(Being cash sales, cash short and over is recorded)

Therefore, to record cash sales, cash short and over we debited cash and cash short and over while credited sales.

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3 years ago

The Great Recession, a sharp economic downturn that begun in 2008, brought high unemployment, increased business failures, and a

Molodets [167]

According to Joseph Schumpeter, the stage that is described above is the Recovery stage.

<h3>What happens in the recovery stage?</h3>

The country begins to recover from the negative economic conditions of the depression.
Signs of stability will begin to appear.

In the recovery stage, economic activity will start to rise as there will be more production of goods and services.

Unemployment will also begin to drop as more companies hire people to produce. They will in turn increase spending which would further stimulate the economy.

In conclusion, this is the recovery stage.

Find out more on the recovery stage at brainly.com/question/3951038.

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2 years ago

The following statements accurately describe the difference between saving and investing EXCEPT…

vagabundo [1.1K]

Answer:

Saving can only be done in person. Investing can be done both in-person and online.

Explanation:

Saving refers to keeping some funds aside for use during emergencies. Individuals and institutions also save as a way of accumulating funds for a specific intention. Banks and other deposit-taking institutions offer saving services to pool funds and lend them for investment and consumption.

Saving will attract lower interest rates, sometimes below the inflation rate. Banks offer lower rates on saving and charges a higher interest rate to borrowers to make profits. Because saving offer lower returns, they are suitable for short-term periods. Savings are relatively safer than investment.

Investments offer higher returns but have a higher risk. Due to their price volatility, investments are suited for the long-term to safeguard against price fluctuations.

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3 years ago

Brad always buys and uses Nike brand golf balls. If he finds a Titleist or Callaway ball in the rough, he gives it away. Brand l

Vikentia [17]

Answer:

B. reduced the price elasticity of demand for its products

Explanation:

3 0

3 years ago

An account is defined as a record of the business activities related to a particular item. True or false?.

Natalka [10]

An account is defined as a record of the business activities related to a particular item. The given statement is true.

Business activities can be divided into three categories: operating, investing, and financing. The cash flow statement includes a list of the cash flows that were generated and used by each of these operations. Net income on an accrual basis is supposed to be reconciled to cash flow in the cash flow statement.

Manufacturing, storage, accounting, sales, mergers and acquisitions, the issue of securities, etc. are some examples of business activities. The prompt completion of these tasks enables the businesses to survive and compete in the market.

Learn more about business activities here

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1 year ago