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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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What could be two reasons why the data might not support the hypothesis?
Degger [83]
Below are the <span> two reasons why the data might not support the hypothesis:
</span><span>
1) The hypothesis was wrong 
2) The data is wrong

A hypothesis is a proposed thought that may clarify a perception or marvels. It is confirmed by testing it. In the event that the information bolsters the theory, at that point, we view the speculation as checked and genuine. Assuming, be that as it may, the information does not bolster the speculation or discredits it, at that point the theory is in a bad position, and we need to concoct an alternate speculation to clarify the perceptions.
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7 0
2 years ago
During the past six months, Ben sold goods that cost $43,500, his
cupoosta [38]

Answer:

for this problem the answer would be A. 3.08

Explanation:

Add the expenses and freight (3,500+1,750)

Subtract that from 43,500 (43,500-5250 which equals 38,250). Divide 38,250 by 12,400.

38,250÷12,400=3.08

6 0
3 years ago
You can buy a car that is advertised for $24,600 on the following terms: (a) pay $24,600 and receive a $4,600 rebate from the ma
Vadim26 [7]

Answer:

A. $20,000

B. $17,234.18

C.Option (b)

Explanation:

Obviously, the option with lower Present Value would be the best option to buy the car. The Present Value of the options can find out as following

REQUIREMENT A

Price of car = $24,600  

Rebate = $4,600

Present value of the payments for option  = Price of the car – rebate  

Present value of the payments for option (a) = $24,600 - $4,600

Present value of the payments for option = $20,000

REQUIREMENT B

We can use the following Present Value of an Annuity formula to calculate the present value of the payments

PV of the payments for option  = PMT * [1-(1+i) ^-n)]/i

PV of the payments for option (b) (PV) =?

Monthly payment PMT =$410 per month

Number of payments n = 5 years *12 months = 60

Monthly interest rate i=1.25% per month or 0.0125

PV of the payments for option  = $410 x [1- (1+0.0125) ^-60]/0.0125

PV of the payments for option  = $17,234.18

REQUIREMENT C.

Which is the better deal?

Option (b) is better deal as the present value of payments ($17,234.18) is less than Present value of the payments for option (a); $20,000.

3 0
2 years ago
In January of 2015, the appropriate construction cost index had a value of $3,260. In January of 2005, the value was $1,746. In
Dennis_Churaev [7]

Answer:

11.63 million dollar

Explanation:

In 2005 the construction cost index was 1746 , in 2015 , it was 3260.

change in index in 10 years  = 3260-1746 = 1514

change in 5 years ( estimated ) = 757

Estimated index in 2010 = 1746 + 757

= 2503

Estimated index in 2020  = 3260 + 757

= 4017

Value of building in 2010 = 1746 million dollar

Value of similar building - X

X / 1746 = index in 2020 (probable ) / index in 2010

X / 7.25 = 4017 / 2503

X = 11.63 million dollar

8 0
2 years ago
Carlos is planning a trip to Japan. He needs to convert U.S. dollars to
Vsevolod [243]

Answer:

c

Explanation:

because

3 0
2 years ago
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