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AVprozaik [17]
4 years ago
5

A country with a relatively low level of real GDP per person is considering adopting two policies to promote economic growth.The

first is to increase barriers to trade.The second is to restrict foreign portfolio investment.Which of these policies would most economist think would promote growth? Select one: a. both the first and the second b. the first but not the second c. the second but not the first d. neither the first nor the second
Business
1 answer:
IceJOKER [234]4 years ago
4 0

Answer:

The correct answer is the letter d. Neither the first nor the second.

Explanation:

GDP (gross domestic product) growth is influenced by various factors, consumption, investment, technology, external sector, etc. The policy of restricting foreign trade by placing barriers to trade has reduced GDP as it burdens one of the drivers of economic growth, for example by reducing exports to the rest of the world and thus GDP. Similarly, restricting foreign portfolio investment contributes to non-GDP growth, as foreign investments play an important role in increasing companies' capitalization, helping them to make more investments. Therefore, both economic policies are wrong.

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Explanation:

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Under Variable Costs however, only variable Costs are considered for the computing of Cost of Production.

This difference in consideration of costs under each method leads to difference in income determination under each method.

Under Absorption Costing, fixed manufacturing costs are apportioned on produced units and the costs are only recovered when the units are sold but under variable costing, fixed manufacturing costs are treated as period costs and are therefore charged to the Income statement.

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3 years ago
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Answer

It encourages the establishment of support business enterprises

Explanation:

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Production of a pool of work: When ventures are moved in one zone, individuals will, in general, relocate to that district looking for business along these lines empowering the making of a pool of work power.

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Lean production is a manufacturing method focused on removing waste, in which waste is described as something that does not upload value for the consumer. despite the fact that Lean's history is manufacturing, it's miles applicable to all sorts of employer and all an organization's techniques.

Lean manufacturing improves efficiency, reduces waste, and will increase productivity. The benefits, therefore, are manifold: increased product best: stepped forward efficiency frees up personnel and assets for innovation and quality control that would have previously been wasted.

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