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Trava [24]
3 years ago
14

The Argentine government has recently been imposing heavy trade restrictions. Taxes on exports are a major source of revenue for

the country. Being a part of the Mercosur customs​ union, the country cannot independently impose import tariffs but has found other ways to restrict imports. The idea behind this is to​ "supply the growing domestic market with local labor and​ production." As a result of these​ restrictions, the markets for various products have been affected. With BlackBerrys in short supply within Argentina and no possibility of​ imports, a multinational manufacturer is in fact assembling them in the​ country's province of Tierra del​ Fuego, off the coast of South America. The cost thus incurred is estimated to be 15 times higher than what it costs to produce BlackBerrys in Asia.
Which of the following, if true, would be the strongest evidence in support of the restrictive trade policies?

A. The evidence on how efficiently firms can operate under trade restrictions is mixed
B. Many Argentine firms are efficiently operating in markets that were flooded with imported goods before the trade restrictions were imposed
C. Argentina was one of the leading exporters of agricultural products prior to the trade restrictions.
D. Even during the period when India imposed high trade barriers, the Indian GDP grew at an average rate of 4%.
E. There is free movement of manpower and capital across the Mercosur member nations
Business
2 answers:
Whitepunk [10]3 years ago
5 0

Answer:

The correct answer is option (B) Many Argentine firms are efficiently operating in markets that were flooded with imported goods before the trade restrictions were imposed

Explanation:

The government of Argentine discovered that the market is filled with imported goods. Argentine firms cannot efficiently operate in the market due to large number of imported goods in the market.  He then looked for ways to restrict importation by supplying domestic markets with labor and production.

The restricting affected the imported goods in the market but it allows the Argentine firms to operate fully.

kati45 [8]3 years ago
3 0

Answer:

The correct option is "B"

Explanation:

The burden substantial exchange limitation by The Argentine government cause to upset exchange and influences imports Due to prohibitive arrangement exchange it builds the expense of bringing in products and causing to diminish in supply in Argentinean advertise Before the exchange limitations, the market was working effectively, and was overwhelmed with imported merchandise because of the exchange limitations, import merchandise decays because of increment in cost.

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Technology is defined as human ________________ in action that involves the generation of knowledge and processes to develop sys
dybincka [34]

Answer:

innovation

Explanation:

Technology is defined as human innovation in action that involves the generation of knowledge and processes to develop systems that solve problems and extend human capabilities.

To innovate is to make changes in something established, especially by introducing new methods, ideas, or products.

7 0
2 years ago
Cost of goods manufactured during the year is $240,000, and work in process inventory on December 31 is $50,000. Work in process
Zinaida [17]

Answer:

$165,000

Explanation:

The first step is to calculate the work in process inventory

= 50,000/40/100

= 50,000/0.4

= 125,000

Therefore the total manufacturing cost can be calculated as follows

= 240,000-125,000+50,000

= 115,000+50,000

= 165,000

Hence the total manufacturing costs is $165,000

8 0
3 years ago
A 2-year maturity bond with face value of $1,000 makes annual coupon payments of $80 and is selling at face value. What will be
il63 [147K]

Solution:

Annual coupon payment of the bond is $80

At the beginning of the year, remaining maturity period is 2 years.

Price of the bond is equal to face value, i.e. the initial price of the bond is $1000.

New price of the bond = present value of the final coupon payment + present value of the maturity amount.

New price of the bond = $\frac{80}{1+r} +\frac{1000}{1+r}$

where, r is the yield to maturity at the end of the year.

Substitute 0.06 for r in the above equation,

Therefore new price of the bond is  = $\frac{80}{1+0.06} +\frac{1000}{1+0.06}$

                                                           = $\frac{1080}{1.06}$

                                                           = $ 1010.87

Calculating the rate of return of the bond as

$\text{rate of return}=\frac{\text{coupon+new price-old price}}{\text{initial price}}$

                     $=\frac{80+1018.87-1000}{1000}$

                     = 0.09887

Therefore, the rate of return on the bond is 9.887%

                                                                    ≈ 10 %

4 0
3 years ago
The transactions of Spade Company:
diamong [38]

Answer:

Trial Balance

                                                                                                    Debit     Credit

Cash                                                                                           $8,982

($16,500 - $479 + $1,947 - $9,125 - $530 + $1,469 - $800)  

Common Stock                                                                                        $16,500

Office Supplies                                                                             $479

Office Equipment                                                                      $9,125

Accounts Payable ($9.125 - $9,125)                                                            $0

Service Fees ($1,947 + $3,498)                                                               $5,445

Accounts Receivable ($3,498 - $1,469)                                  $4,967

Rent Expense                                                                              $530

Dividends                                                                                    $800

Totals                                                                                        $21,945  $21,945

Explanation:

A trial Balance is a list of balances that are extracted from the ledger accounts  from which the financial statements are prepared.

First Record the Transaction, then determine account balances.

a.

Cash $16,500 (debit)

Common Stock $16,500 (credit)

b.

Office Supplies $479 (debit)

Cash $479 (credit)

c.

Office Equipment $9.125 (debit)

Accounts Payable $9.125 (credit)

d.

Cash $1,947 (debit)

Service Fees $1,947 (credit)

e.

Accounts Payable $9,125 (debit)

Cash $9,125 (credit)

f.

Accounts Receivable $3,498 (debit)

Service Fees $3,498 (credit)

g.

Rent Expense $530 (debit)

Cash $530 (credit)

h.

Cash $1,469 (debit)

Accounts Receivable $1,469 (credit)

i.

Dividends $800 (debit)

Cash $800 (credit)

5 0
3 years ago
If managers are making decisions to maximize shareholder wealth, then they are primarily concerned with making decisions that sh
bogdanovich [222]

Answer:

It is to increase the market value of the firm's common stock (B)

Explanation:

Profits : it is subjective in nature and can be manipulated. Hence, it is not good measure of shareholders wealth maximization.

Increase the market value of the firm's common stock : This is difficult to manipulate because it results from long-term view of business performance through investment in a viable projects . When the company produces good result that give investors good return for their capital, this will have a positive market impact on the share price of the company.

5 0
3 years ago
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