1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tatiana [17]
3 years ago
9

Domestic producers of steel rods send a lobbyist to the U.S. government to request that the government impose trade restrictions

on imports of steel rods. The lobbyist claims that the U.S. steel-rod industry is new and cannot currently compete with foreign firms. However, if trade restrictions were temporarily imposed on steel rods, the domestic steel-rod industry could mature and adjust and would eventually be able to compete in the world market.
Which of the following justifications is the lobbyist using to argue for the trade restriction on steel rods?

a Jobs argument
b. National-security argument
c. Infant-industry argument
d. Using-protection-as-a-bargaining-chip argument
e. Unfair-competition argument
Business
1 answer:
Zarrin [17]3 years ago
7 0

Answer:

C. Infant-industry argument

Explanation:

The lobbyst is using the infant-industry argument because he is claiming that all that the emerging national industry needs is some temporary trade restrictions until it can develop enough to compete.

This argument is very commonly used against free trade, and is based on the belief that national industries should be allowed to grow in isolation before opening up the markets. The problem with this argument is what happens if the national industry remains uncompetitive even after a long period of trade restrictions.

You might be interested in
Which statement about subsidiary ledger is most accurate
s344n2d4d5 [400]
The accounts receivable subsidiary ledger is a book of accounts that provides supporting detail for Accounts Receivable.
4 0
3 years ago
Read 2 more answers
1. Which advantage is not enjoyed by the owner of a sole proprietorship?
gayaneshka [121]

The correct answer to 1 is the ability to easily raise financial capital.

A sole proprietor is limited to the cash that they personally have, so this is a disadvantage when they need additional capital for the business.

The correct answer to 2 is that their personal property can be used to pay debts.

A partnership is personally responsible for the debts of the company. If the company owes money and cannot pay it, the partners that own the business are personally responsible.

The correct answer to 3 is the shareholders.

The shareholders are the owners of the corporation. They vote for a board of directors who in turn oversee the operation of the corporation.

8 0
3 years ago
1. Congress passed the Sarbanes-Oxley Act to ensure that investors invest only in companies that will be profitable.
Oksana_A [137]

Answer:

1. False

2. False

3. False

4. True

5. True

Explanation:

1.

Sarbanes-Oxley Act was a federal law that was established by congress to sweep auditing and financial statements for public companies. The main aim for this was to improve the investor confidence by improving reliability in accounting statements. Errors in the financial statements for the public companies were to be minimized following this law especially in the wake of numerous cases of corporate crime. This law was never passed to ensure that investors only invest in companies that will be profitable, since the choice of which company to invest in is exclusively left to the investor. So the above statement is false.

2.

Ethics can be defined as a set of rules and regulation that govern the moral behavior of someone. Ethical standards vary from one region to another since they are majorly cultural, for example; a behavior in the United States can be considered as appropriate while the same behavior in a different place can be inappropriate. Ethical standards are either right or wrong, and the actions are judged on these terms. Ethics don't measure whether a actions are loyal or disloyal, thus the statement is false.

3.

The primary accounting standard setting body in the United States is Financial Accounting Standards Board (FASB). This body is charged with regulating and setting the best standard of accounting practice. The FASB usually constitutes a board whose officials are rigorously assessed. The board members have to be professionals in the field of accounting.  Securities and Exchange Commission on the other hand is an independent federal agency with the authority to enforce federal security laws. Thus the statement above is false.

4.

The historical cost principle suggests that the companies record assets cost at their original cost and continue to report them at their original cost over the time the asset is held. The historical cost principle is a generally accepted accounting principle that has been in use for a long time. The definition about the historical cost principle in the question above is therefor true.

5.

The monetary unit assumption dictates that business related activities be converted to monetary units. There are some business transactions that are however quite difficult to convert into monetary units, therefor the accountant in using this principle is only obliged to record only the transactions that can be measured in money terms. The statement about monetary units in the question above is thus true.

8 0
3 years ago
Need help ASAP Need help ASAP
TEA [102]

Answer:

number 3 lang ung X 1 2 4 5 heart na

6 0
3 years ago
Read 2 more answers
The App Store needs to raise $2.8 million for expansion. The firm wants to raise this money by selling 20-year, zero-coupon bond
DENIUS [597]

Answer:

10,064 bonds

Explanation:

Given:

Amount to be raised = $2,800,000

Par value (FV) = $1,000

Maturity (nper) = 20×2 = 40 periods

Yield (rate) = 6.49 ÷ 2 = 3.245% or 0.03245

Coupon payment is 0 as it's a zero coupon bond.

Assume it's compounded semi-annually.

Calculate the price of the bond today using spreadsheet function =PV(rate,nper,pmt,FV)

Price of bond is $278.23

PV is negative as it's a cash outflow.

Number of bonds to be sold = Total amount to be raised ÷ Price of bond

                                                = 2,800,000 ÷ 278.23

                                                = 10,064 bonds

Company should sell 10,064 bonds to raise $2.8 million

5 0
3 years ago
Other questions:
  • PLZZZ HELP, i have limited time and i will give brainliest.
    14·1 answer
  • Students arrive at the Administrative Services Office at an average of one every 15 minutes, and their requests take on average
    14·1 answer
  • Interest amounting to $4 was credited to your account by the bank in September. The bank's service charge for the month was $5.
    10·1 answer
  • Company A has a beta of 0.90, while Company B's beta is 1.20. The required return on the stock market is 11.00%, and the risk-fr
    10·1 answer
  • The concept of the diffusion of innovation shows how a product "diffuses" or spreads through the population over time. The consu
    12·1 answer
  • Nan and Neal are twins. Nan invests $5,000 at 7 percent at age 25. Neal invests $5,000 at 7 percent at age 30. Both investments
    8·1 answer
  • Scott used $4,000,000 from his savings account that paid an annual interest of 5% to purchase a hardware store. After one year,
    7·1 answer
  • The purposes of managerial accounting are to provide useful information to aid in: (You may select more than one answer. Single
    5·1 answer
  • Within a an organizational structure, the person most likely to be evaluated in terms of controllable costs would be:___________
    12·1 answer
  • An investment made 10 years ago is worth $100,000. if the annual return over these 10 years was 7.20%, then the original investm
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!