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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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Mario Brothers, a game manufacturer, has a new idea for an adventure game. It can market the game either as a traditional board
Scilla [17]

Answer:

1.61

1.82

NPV A = $433.58 IRR =26.3%

NPV B 719.80 IRR 22.7%

Explanation:

Here are the cash flows used in answering this question :

ear Cash Flows-Traditional Board Game (A) Cash Flows-Interactive DVD (A)

0 $(1,600.00) $(3,500.00)

1 $770.00 $2,150.00

2 $1,350.00 $1,650.00

3 $290.00 $1,200.00

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows.

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

6 0
3 years ago
Jim is happy to talk with Mike about this issue. He felt during Mike's interviews that Mike's experience with vendors would be a
Bad White [126]

Meeting with vendors is part of his job, and he should make plans to call them.

<h3>Who is a vendor ?</h3>

A vendor is a party in the supply chain that makes goods and services available to companies or consumers. He is an individual or company that sells goods or services to someone else in the economic production chain.

Here, Mike was employed by Jim due to his experience with vendors. What this means is that Mike should use his experience to negotiate with the vendors on behalf of the company.

Therefore, Mike should respond that meeting with vendors is part of his job, and he should make plans to call them.

Learn more about vendor here : brainly.com/question/25946259

7 0
3 years ago
Assume the following data for a country: Category Number of People, Millions Total population 500 Population under 16 years of a
Aleonysh [2.5K]

Answer:

230 people

Explanation:

a. What is the size of the labor force

The labor force is the sum of the number of employed and unemployed, unemployed meaning people who lack employment, but who want to work, and are looking for a job.

First we substract the people that is not in the labor force, and those under 16 years of age from the total population: 500 - 120 - 150 = 230.

Of this figure, 150 people are unemployed, 23 are part time workers looking for full time employment (they are employed), and the rest: are 57 employed people.

So the size of the labor force is effectively 230 people.

4 0
3 years ago
If a person makes a deposit of 10000 or more into a bank account, the bank must notify the
mash [69]
The bank must notify U.S. Treasury Department.

Hope this helps!!
7 0
4 years ago
Based on the following information, determine the location quotient for Amusement City and whether this city has a competitive a
Lelu [443]

Answer:

a. 0.23; No, the city does not have a competitive advantage in this industry

Explanation:

Calculation to determine the location quotient for Music City and whether this city has a competitive advantage in the entertainment industry

Location quotient for Music City= (3020/ 656,785)/ (2,160,970/ 106,201,232)

Location quotient for Music City=0.004598/0.020347881

Location quotient for Music City= 0.225

Location quotient for Music City= 0.23 (Approximately)

Based on the above calculation the city does NOT have a competitive advantage in this industry.

6 0
3 years ago
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