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Nimfa-mama [501]
3 years ago
5

How do the effects of voluntary restraint agreements differ from the effects of a tariff? Tariffs reduce trade by more than volu

ntary restraint agreements. Voluntary restraint agreements result in higher prices, which increase revenue for foreign firms, while the revenue raised from tariffs goes to the domestic government. Tariffs increase the prices of imports, helping domestic producers, while voluntary restraints do not. Voluntary restraint agreements are informal agreements that can be easily changed, while tariffs are not.
Business
1 answer:
Snezhnost [94]3 years ago
3 0

Answer:

Tariffs increase the prices of imports, helping domestic producers, while voluntary restraints do not.

Explanation:

A tarrif is defined as a tax that is imposed by government on goods and services that are imported from another country. Tarrifs are used to discourage imports by increasing their prices compared to locally produced goods and services.

Voluntary restraint agreements is is also called voluntary export restraint. It is a restriction on the amount of goods and services that exporters are allowed to export to other countries. It is also referred to as export visa.

Tarrifs results in increase in price of goods and services while voluntary restraint agreement does not.

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A Purchasing Specialist is sometimes referred to as what? Select all that apply *
Zepler [3.9K]

\text{Hello there!}

A Purchasing Specialist is sometimes referred as a \bold{Procurement Manager.}

This is because they're responsible for purchasing/procuring supplies.

They relatively have the same roles, however, occasionally referred to by different names.

\text{The job of the} \bold{Purchasing\;Manager} \text{\;is to purchase supplies for the company.}

\text{For example, purchasing lettuce for a} \bold{fast\;food\;restaurant.}

\text{The job of the\;} \bold{Purchasing\;Agent} \text{is to buy supplies that the company needs.}

\text{The job of the} \bold{Procurement\;Manager} \text{has the same responsibilities as the}\bold{Purchasing\;Manager.}

Therefore, all of the possible referred answers are going to be correct.

The only differences are going to be the names.

\rule{300}{1.0}

8 0
3 years ago
Which situation best illustrates an effect of the law of supply?
ollegr [7]

Answer:

c

Explanation:

5 0
3 years ago
he following is a partially completed lower section of a departmental expense allocation spreadsheet for Brickland. It reports t
deff fn [24]

Answer:

$7,000

Explanation:

The computation of the amount of purchasing department allocated to assembly department is shown below:

= Total  purchasing department cost × number of purchase order  ÷Total numbers of purchase orders in overall operating departments

= $35,000 × 4 ÷ 20

= $7,000

The 20 number of purchase orders is come from

= 16 + 4

= 20

We simply applied the above formula

7 0
3 years ago
An increase in a consumer's income Group of answer choices increases the slope of the consumer's budget line. has no effect on t
kramer

An increase in a consumer's income will increase the slope of the consumer's budget line.

<h3>What is a budget line?</h3>
  • The budget line sometimes referred to as the budget restriction, displays every combination of two commodities that a client is able to afford at the current market pricing and within their specific income range.
  • The budget line is a graphical representation of every combination of the two commodities that may be purchased using the given income and cost, with the price of each combination being equal to the customer's monetary earnings.
  • It's critical to remember that the slope of the budget line corresponds to the cost-to-volume ratio of two commodities.
  • The slope of the budgetary restriction is very significant.
<h3>Increase in the slope of the budget line:</h3>
  • A rise in income allows consumers to purchase more of both goods, which causes the budget line to shift outward, or to the right (slope increases).

Therefore, an increase in a consumer's income will increase the slope of the consumer's budget line.

Know more about the slope of the budget line here:

brainly.com/question/14524034

#SPJ4

6 0
2 years ago
5. Calculating tax incidence Suppose that the U.S. government decides to charge wine consumers a tax. Before the tax, 45 billion
katrin2010 [14]

Answer:

The amount of the tax on a bottle of wine is <u>$3</u> per bottle;

Amount of tax = Amount paid by consumers - Amount received by producers

= 5 - 2

=$3

Of this amount, the burden that falls on consumers is $1 per bottle;

Burden on consumer = Price paid by Consumer after tax - Price paid before

= 5 - 4

= $1

The burden that falls on producers is $2 per bottle;

Burden on producers = Tax - Consumer burden

= 3 - 1

= $2

The effect of the tax on the quantity sold would have been the same as if the tax has been levied on producers. FALSE

If the tax had been on producers then the price might not have increased as it did. This would leave the price at or close to the point it was at and consumers would still be able to afford more of the bottles.

7 0
3 years ago
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