Answer: The answers are provided below.
Explanation:
Import substitution industrialization is a theory that is used by developing countries to reduce their dependence on the developed countries. Import substitution industrialization is used to protect infant industries and develop other sectors so that locally produced goods are competitive with the imported goods.
An example was used by Argentina in the 1970s as the country imposed high tariffs on imported goods and encouraging local production of leather and textile and also make the economy self sufficient and protecting local firms from foreign competition.
The main issues with import substitution industrialization is that it can lead to inefficiency on the part of local firms due to lack of competition from foreign firms. The benefits to be derived from specialisation and trading with another country may also not be gotten.
If a new poverty measure were calculated to include wealth (total debts subtracted from total assets), that new poverty measure would reflect the fact that since the definition of poverty includes both wealth and income, it has taken on a two-dimensional form, meaning that different people with the same level of wealth may have different poverty levels. Similar to this, individuals with the same income level may have various levels of poverty.
Access to clean water, food, shelter, and clothing are examples of basic needs that can be used to gauge one's level of poverty. It has been proven that people can earn enough money to cover their basic needs but still spend it poorly.
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Answer:
after two or more people answer there will be a crown next to the report button
Explanation:
Answer:
Explanation:
b. thinking at the margin
i think because is is asking for what decision it is
hope this helps some
Answer:
Direct labor rate variance= $594 unfavorable
Explanation:
Giving the following information:
The standard direct labor cost per hour is $7.20.
During August, Zanny's water ski radio production used 6,600 direct labor-hours at a total direct labor cost of $48,708.
<u>To calculate the direct labor rate variance, we need to use the following formula:</u>
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Actual rate= 48,078/6,600= $7.29
Direct labor rate variance= (7.20 - 7.29)*6,600
Direct labor rate variance= $594 unfavorable
