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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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Priscella pursued a hobby of making bedspreads in her spare time. Her AGI before considering the hobby is $40,000. During 2019 s
daser333 [38]

Answer:

  • Income = $10,000
  • Adjusted Gross Income (AGI) Deduction = $0
  • Claim $10,000 as itemized deduction due to expenses

Explanation:

The activity being a hubby does not exempt it from tax so the $10,000 will be included as income for tax purposes and there will be no deduction for this from the AGI.

She can however, claim her expenses as itemized deductions. There is no tax on interest payment so expenses deducted are:

= 4,000 + 6,500 - 500

= $10,000

7 0
2 years ago
Echo Air Company (EAC)Echo Air Co. is a well-known establishment in the airline business. It is currently one of the top firms i
Katarina [22]

Answer:

A. whistle-blowing.

Explanation:

Whistle-blowing occurs when an employee exposes information of wrong-doing, unethical practice, or illegal actions. The information released can either be to internal authorities or it can be released to external parties.

When an employee does not have confidence that appropriate action will be taken on the information provided, employees tend to go to external parties with the information.

This was the case with EAC above where the staff were going to the press. EAC now set up a whistle-blowing framework that increased employee confidence and reduced turn-over.

4 0
3 years ago
Botanical Gardens Nursery has 6,800 shares of stock outstanding at a market price of $21 a share. The earnings per share are $1.
iris [78.8K]

Answer:

Earnings Per Share will be still $1.54.

Explanation:

According to the following formula, we get:

Earnings per share = Earnings available/Number of shares

Earnings Per Share does not change with payment of dividends. Hence, EPS will be still $1.54.

5 0
3 years ago
10) Focused cost leadership is observed when a product has the lowest cost ________. A) within an industry segment B) across the
Nezavi [6.7K]

Answer:

C) within an industry

Explanation:

Cost leadership is being competitive by having lowest cost op operation in the whole industry. This makes the company to offer cheap product to the customers and have an competitive edge in the market. Many big corporation  adopt cost leadership in their strategic marketing campaigns. So, the correct answer is C) within an industry.

3 0
3 years ago
TeamBuilds is a service organization that has corporate teams pay $7,500 for an all-day team-building session with a management
coldgirl [10]

Answer: core service

                           

Explanation: In simple words, core service refers to the services that are of high importance to the transactions and the business of the rendering firm depends on such services. In other words, it is the main product that the business offers to their customers.

These services renders the benefits that a customers expects to get from his or her purchase. In the given case, Team builds in involved in services in which they provide session that shows how one group should work together.

Hence improved work team is their core service.

5 0
3 years ago
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