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Goshia [24]
3 years ago
9

Although Kemal attempted to create a strong Turkish economy, how did his policies only add to the international global depressio

n? a. Kemal tried to discourage Turks from buying foreign goods. b. High tariffs on imported goods only hurt other nations involved in the global depression. c. Goods from Europe and American were banned in Turkey. d. Government subsidies kept Turkish goods cheap in the nation and discouraged foreign imports. e. Kemal tried to create a totally domestic solution to the economic problems.
Business
1 answer:
kumpel [21]3 years ago
7 0

Answer:

b. High tariffs on imported goods only hurt other nations involved in the global depression

Explanation:

Although Kemal attempted to create a strong Turkish economy, his policies only add to the international global depression due to the placement of "High tariffs on imported goods."

Kemal who was once the President of the new Turkey from the old Ottoman Empire had series of reforms including economic policies that favor internal production and discourage reliance on importation. However, his administration was around the global depression period, and his policies of high tariffs on imported goods only hurt other nations involved in the global depression.

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It results in lower short run average cost in economies of sale .

<h3>Economies of scale</h3>

Economies of scale refers to the situation where, as the quantity of output goes up, the cost per unit goes down. This is the idea behind “warehouse stores” like Costco or Walmart. In everyday language: a larger factory can produce at a lower average cost than a smaller factory. Figure 2 illustrates the idea of economies of scale, showing the average cost of producing an alarm clock falling as the quantity of output rises. For a small-sized factory like S, with an output level of 1,000, the average cost of production is $12 per alarm clock. For a medium-sized factory like M, with an output level of 2,000, the average cost of production falls to $8 per alarm clock. For a large factory like L, with an output of 5,000, the average cost of production declines still further to $4 per alarm clock.

One prominent example of economies of scale occurs in the chemical industry. Chemical plants have a lot of pipes. The cost of the materials for producing a pipe is related to the circumference of the pipe and its length. However, the volume of chemicals that can flow through a pipe is determined by the cross-section area of the pipe.

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6 0
2 years ago
Flounder Inc. issued $2,840,000 par value, 7% convertible bonds at 97 for cash. If the bonds had not included the conversion fea
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Answer:

Given that,

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If the bonds had not included the conversion feature, then

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Therefore, the journal entry is as follows:

Cash A/c ($2,840,000 * 0.97)         Dr.     $2,754,800

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Which person's unemployment is an example of frictional unemployment?
zhuklara [117]
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7 0
3 years ago
Dakota Inc. and Jersey &amp; Company are two large companies that manufacture and sell equipment used in the construction, minin
tamaranim1 [39]

Answer:

a. The earnings per share in Year 2 and Year 1 for Dakota would be as follows:

earnings per share in Year 1 is $6.29

earnings per share in Year 2 is $3.57

The earnings per share in Year 2 and Year 1 for Jersey would be as follows:

earnings per share in Year 1 is $8.75

earnings per share in Year 2 is 5.79

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Explanation:

a. In order to calculate the earnings per share in Year 2 and Year 1 for each company we would have to use the following formula:

earnings per share in Year x=Net income year x/Average number of common shares outstanding

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earnings per share in Year 2=$2,122/594=$3.57

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