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Kipish [7]
2 years ago
7

True or False: When material inputs or intermediate products enter a country at a high duty while the final imported product is

protected by a low duty, the nominal tariff rate on the final product overstates the effective rate of protection
Business
1 answer:
Anettt [7]2 years ago
3 0

Answer:

The correct answer is True.

Explanation:

If the input tariff is small compared to the tariff for finished products, the nominal tariff rate will underestimate the effective degree of protection. For example, suppose that the tariff on imported parts is 0%, the tariff on finished products is 10%, and 80% of the cost of the product is imported resources. An effective level of protection will be: Therefore, a nominal tariff rate of 10% underestimates the effective degree of protection of 50%.

However, the tariff for imported components was 20%, while the tariff for finished products was 10%, and import units accounted for 80% of the cost of the product. Now the effective level of protection will be: In this case, the nominal tariff rate of 10% exaggerates the effective level of protection of -30%.

Thus, the effective level of protection will be greater than the nominal tariff if the nominal tariff for finished products exceeds the input tariff. The effective level of protection will be less than the nominal tariff if the nominal tariff for finished products is less than the input tariff.

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A certain production possibilities frontier shows production possibilities for two goods, jewelry and clothing. Which of the fol
ankoles [38]

Answer:

Correct option is A

“The flow of dollars between sellers of jewelry and clothing and buyers of jewelry and clothing” is the correct option  

Explanation

It is a curve which shows various combination for the amount of two goods among which they can be produced with in the given available resources. Thus, it shows that the maximum amount of output is produced with the help of given resource.  

4 0
3 years ago
Read 2 more answers
During its most recent fiscal year, Raphael Enterprises sold 340,000 electric screwdrivers at a price of $19.20 each. Fixed cost
Novay_Z [31]

Answer:

Variable costs=$3,876,000

Explanation:

Given Data:

Fixed costs amounted=$1,156,000

pretax income=$1,496,000.

Units Sold=340,000

Price of each unit sold=$19.20

Required::

Variable costs in the company's contribution margin income statement for the year =?

Solution:

Pretax Income=Revenue-Fixed costs-Variable costs

Revenue=Units Sold*Price of each unit sold

Revenue=340,000*$19.20

Revenue=$6,528,000

Pretax Income=Revenue-Fixed costs-Variable costs

$1,496,000=$6,528,000-$1,156,000-Variable costs

Variable costs=$6,528,000-$1,156,000-$1,496,000

Variable costs=$3,876,000

8 0
3 years ago
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Có bao nhiêu loại hình cơ sở lưu trú du lịch theo Luật du lịch Việt Nam 2017
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Answer:

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6 0
2 years ago
An industry is considered to be global to the extent that its industry position in one country is dependent upon the industry po
Minchanka [31]

Answer:

False.

Explanation:

False, Because a global company is the one that operates in different countries. It does not have to depend on the position of industry in other countries. If a company is operating in different countries then it is a global company. Moreover, in the case of a global company, the company sells its product in that country without changing its quality. For example, a global company selling soda in different countries. In this case, the company will not compensate for its product according to the culture of that country rather it will impose its business model.

5 0
3 years ago
A company sells two products. Product A sells for $10.00 per unit and Product B sells for $8.00 per unit. Variable costs are $3.
Yuri [45]

Answer:

$6.55

Explanation:

A company sells two products. Product A sells for $10.00 per unit and Product B sells for $8.00 per unit. Variable costs are $3.00 for Product A and $2.50 for Product B. If the sales mix is 70% Product A and 30% Product B, the weighted average contribution margin is _____.

Step 1

Calculate Contribution per product = Selling Price - Variable Costs

Contribution for A = 10 - 3 = 7

Contribution for B = 8 - 2.5 = 5.5

Step 2

Multiply the Contribution per product by its sales mix

A = 7 x 70% =  4.9

B = 5.5 x 30% = 1.65

Step 3

Add up the weighted contribution margins for each product

Therefore the the weighted average contribution margin for both product is (4.9 + 1.65) = $6.55

4 0
3 years ago
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