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My name is Ann [436]
3 years ago
7

Free trade proponents and protectionists have drastically different views regarding trade. Which side of the debate do you side

with, and why? When answering this question, consider the economic impact of tariffs.
Business
1 answer:
zvonat [6]3 years ago
6 0

Answer:

Protectionist.

Explanation:

Proponents of protectionist argue that allowing free trade will kill local industries and also make the country for dumping ground for cheaper foreign made goods.

They suggested imposition of heavy tariffs so as to protect local industries. Protecting local industries will create jobs for the unemployed thereby making them relevant to the society.

By imposing high tariffs, foreign companies producing those goods would pass the burden to final consumers in form of high prices hence discourage consumers from buying them. Few of those goods will then enter the country due to the heavy duty and low patronage.

Imposition of heavy tariffs will also generate more revenue for the government which will be used to financed basic infrastructures like housing, sewage system, electricity, etc.

Although proponents of free trade are of the opinion that there should be no restriction to trading among countries. They also suggested the removal of high tariffs from goods exported from other country.

The above seems good, yet the consequences outweigh the gain therein. For instance, removal of duty or tariff would result in revenue loss for the government hence unable to finance basic infrastructures. The country will also become dumping ground for imported goods because they will sold at lower price due to it's poor quality.

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zhenek [66]

Answer:

The correct option is D,all of the above

Explanation:

GASB is a short  form for Generally Accounting Standards Board, a not-for- profit making accounting standard board in the United States whose objective is to issue generally accounting principles for states and local governments' use

Enterprise fund as the name denotes, is a special fund set aside for trading in essential goods and services which are sold to the general public at a fee(most times subsidized).

According the provisions of GASB,the special fund kept as enterprise fund can be put to any of the three uses highlighted in options A-C,hence option D is the best fit.

7 0
3 years ago
In which career is it most important to exercise and take physical care of yourself?
Oksana_A [137]
Answer: a therapist
5 0
4 years ago
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If equity is $368,000 and liabilities are $186,000, then assets equal:
Grace [21]
By definition we have that the capital is equal to the Assets minus the liabilities.
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 C = A-P
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 answer:
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How can firms engage in non-price competition?
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Mad Hatter Enterprises purchased new equipment for $373,000, terms f.o.b. shipping point. Other costs connected with the purchas
Wewaii [24]

Answer: $332,540

Explanation: find attached my solution in the document below.

NB : note that the Insurance after equipment placed in service and Insurance for the first year of operations was not added because these are to be termed expenses to be deducted in the P & L account.

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