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Anna [14]
3 years ago
7

Based on what you know about the Hawley-Smoot Tariff Act, how can tariffs be both useful and dangerous tools? Give your answer i

n a short paragraph.
Business
2 answers:
Bogdan [553]3 years ago
5 0

The Hawley-Smoot Tariff Act of 1930 raised tariffs on many imported goods, but then countries that traded with the United States raised their tariffs in retaliation leading to increased prices for US consumers. Tariffs can be useful economic tools that boost the sales of a domestic product, but if other countries start to retaliate it can backfire by raising prices and causing economic problems.

tekilochka [14]3 years ago
3 0

Answer:

Sample Response: Tariffs can be useful to help boost the demand of domestically produced goods. In the short-term, this approach can be good for the nation implementing the tariff because it can improve its production. However, this tactic can negatively impact other countries as the demand for their exports decline, causing a decline in their GDP. As seen with the Hawley-Smoot Tariff Act, countries may retaliate with tariffs of their own, causing global economic issues.

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Alex withdrew $500,000 from an account that paid 5 percent annual interest and used the funds to purchase real estate. After one
oksano4ka [1.4K]

Answer:

a) 25,000

Explanation:

The computation of the economic profit is shown below;

Economic profit is

= Revenue - Explicit cost - Implicit cost

= $550,000 - $500,000 - $500,000 × 5%

= $550,000 - $500,000 - $25000

= $25,000

Hence, the economic profit on this deal was $25,000

Therefore the correct option is a.

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And, the same is to be considered  

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3 years ago
Which of these is an example of advertising?
professor190 [17]

Answer:

the answer is D.a bill board

5 0
3 years ago
Read 2 more answers
Cameroon Corp. manufactures and sells electric staplers for $16.10 each. If 10,000 units were sold in December, and management f
Andrej [43]

Answer:

$165,975

Explanation:

The computation of sales budgeted is shown below:-

For computing the  Sales budgeted for February first we need to compute the January and February units.

January = 10,000 + (3% × 10,000)

= 10,000 + 300

= 10,300

February = 10,000 + (3% × 10,300)

= 10,000 + 309

= 10,309

Sales budgeted for February = For February × Each electric staplers

= 10,309 × $16.10

= $165,975

So, for computing the Sales budgeted for February we simply applied the above formula. The option is not available.

3 0
3 years ago
Your company incurs a cost for factory rentfactory rent​, ​which, in the short​ run, is fixed. What happens to this cost in the
mixas84 [53]

Answer:

A. becomes a variable cost

Explanation:

Fixed costs are the expenses that remain constant in a period. During the period under review, fixed costs do not change regardless of the level of output. Fixed costs are mostly made up of overheads such as rent , depreciation, and administrative salaries.

Fixed cost remains constant in a particular financial year. In the long run,  business budgets and projections tend to change, resulting in changes to the fixed cost. In other words, in the long run, fixed costs will change. Therefore, in the long run, all costs are variable expenses.

5 0
3 years ago
At UPS, a 12-step process prescribes how drivers should park their trucks, locate the package they are about to deliver, and ste
Alla [95]

Answer:

Programmed decision making

Explanation:

A programmed decision is one that is done by following already laid down rules and procedures. They are Carried out using formal patterns and the goals here are both clear and specific. These rules and routines in UPS are are a good example of how programmed decisions are done. As it can be seen on every aspect of their day to day business activities.

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