Answer:
B) the substitution of domestic steel for foreign steel absorbs resources that would otherwise produce goods of greater value
Explanation:
This type of policy is really controversial since politicians like to announce public policies that may help their constituents on the short run, but will eventually end up damaging them and the whole country on the long run.
A clear example is coal mining. Coal mining was praised during the last election and even though some new jobs have been created in that industry, the overall effect in the country is extremely negative and offsets any positive outcome. Coal mining results in heavy pollution and it is also not economically profitable. The resources invested in coal mines could generate much higher benefits for everyone, investors, workers and the government if they were used to finance some other activity.
Currently the government has limited the imports on foreign steel and the domestic production hasn't been able to increase enough to cover the manufacturing needs of American companies and it resulted in higher steel prices and an increase in manufacturing costs.
Market rules apply to everyone and every country. Sometimes it is not possible to produce certain goods at a competitive price no matter how hard we try and the country's well being is negatively affected. Much better results can be obtained by focusing on certain industries where American businesses really excel instead of always trying to favor inefficient industries that have a high lobby power.
The expected value of buying this insurance policy is $50.
The expected value of buying the insurance policy is the weighted average of probabilities of the cost of the insurance and the cover if Jacob gets into an accident.
If Jacob gets into an accident and is covered, his payout will be:
= benefit - cost
= 10,000 - 750
= $9,250
The probability of this happening is 8%.
If Jacob does not get into an accident he would lose the $750 he paid in insurance premiums. The probability of this happening is:
= 100% - 8%
= 92%
The expected value of the insurance is:
= (probability of accident * payout if there is an accident) + (probability of no accident * payout if there is no accident)
= (8% * 9,250) + (92% * -750)
= $50
<em>More information on expected value can be found at brainly.com/question/17069001.</em>
Amazon is both. They sell products and services.
Answer:
The correct answer is letter "C": manufacturing overhead.
Explanation:
Manufacturing overhead are untraceable indirect costs that are involved in the process of production given an accounting period. Examples of manufacturing overhead include <em>power and gas service in the manufacturing facility, administrative wages, </em>and <em>depreciation of the equipment used</em>.
