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pshichka [43]
3 years ago
12

From an economic point of​ view, India and China are somewhat​ similar: Both are​ huge, low-wage​ countries, probably with simil

ar patterns of comparative​ advantage, which until recently were relatively closed to international trade. China was the first to open up. Now that India is also opening up to world​ trade, how would you expect this to affect the welfare of​ China? Of the United​ States? ​ (Hint: Think of adding a new economy identical to that of China to the world​ economy.)
Business
1 answer:
GrogVix [38]3 years ago
4 0

Answer: The welfare of China would probably be reduced due to the competition with Indian market. The <u>prices of the goods they are selling would reduce</u>, and they would have to think of strategies in order for their buyers to be more attracted to their offers instead of the Indian ones. With less income in Chinese economy, salaries would also decrease and the prices of some products would rise, resulting in an increase in poverty rates.

For the U.S., such a decision wouldn't affect their welfare in a bad way. Being the <u>largest Chinese market buyer, U.S. would have more options to choose its products</u>, and would <u>probably buy them for a smaller price</u>, since India would try to compete with China by diminishing the products' prices in order for them to become more attractive. Then, buying the same products spending less money, the welfare rates would increase, since the goods would become less expensive and the wages would be mantained.

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Phillips NV produces DVD players and exports them to the United States. Last year the exchange rate was​ $1.25/euro and Phillips
vichka [17]

Answer: The exchange rate pass through is 41.7 = 6.666666667%÷16%

Explanation:

Currently, from last year to the current year, there has been a 16% increase change in the exchange rate and a 6.667% change in the price. The exchange rate pass through is 41.7 = 6.666666667%÷16%

For every increase in 1% of the exchange rate, there has been a 41.7% increase in the current price of the DVD player.

5 0
3 years ago
A buyer failed to take advantage of the vendor's credit terms of 2/10, n/45, but instead paid the invoice in full at the end of
Neko [114]

Answer: 20.86%

Explanation: From the question, the credit term is 2/10, n/45. Which means that the customer gets a 2% discount if payment is made within 10 days. But the customer did not make use of this offer. The equivalent annual Interest lost on the amount of purchases is :

365/ (45-10) * 0.02 = 365/35*2%

= 0.20857 *100= 20.86%

This is calculated using 365 days in a year.

5 0
3 years ago
The market value of the equity of Hudgins, Inc., is $645,000. The balance sheet shows $53,000 in cash and $215,000 in debt, whil
allsm [11]

Answer:

It is 3.25 times

Explanation:

EBITDA Multiple = Enterprise Value/ EBITDA

Where EBITDA =  EBIT+Depreciation & Amortization

              =  $91,000+$157,000

              =$248,000

Enterprise Value (EV) =  Market value of the equity +Debt-Cash and Cash Equivalent

EV= $645,000+$215,000-$53,000

    =$807,000

Hence, EBITDA Multiple = $807,000/$248,000

                                        =3.25 times

EBITDA Multiple is used to compares a company’s Enterprise Value to its annual EBITDA.

8 0
3 years ago
Read 2 more answers
Your website has four pages of products your company sells. How can you tell search engines they are part of the same content, a
LenKa [72]

If you want search engines to tell that the pages are all related, then you should use a c. Use a rel next attribute.

<h3>What is a rel next attribute?</h3>

Rel next attributes are tools that are used to show that a sequence of pages are related to each other.

It is primarily used for search engines to be able to pick up relations between pages. These attributes can be shown as  rel="next" and rel="prev".

Options for this question are:

  • Use a 404 webpage.
  • Use a 301 redirect.
  • Use a rel next attribute.
  • Use an XML sitemap.

Find out more on using the rel next attribute at brainly.com/question/20336779.

#SPJ1

8 0
2 years ago
Suppose that after hurricane​ Irene, the average income in Cape​ Charles, Virginia decreased by 16 percent. In response to this
SIZIF [17.4K]

Answer:

0.875

Explanation:

The income elasticity of demand measures the responsiveness of quantity demanded to changes in income.

Income elasticity of demand = percentage change in quantity demanded / percentage change in income

14% / 16% = 0.875

Demand is inelastic because the coefficient of elasticity is less than one.

I hope my answer helps you

3 0
3 years ago
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