Answer:
A large country never gains from imposing an import tariff - option C.
Explanation:
For an import tariff, the national welfare effect is assessed as the sum of the producer and consumer surplus and government revenue effects.
There may be a rise or fall in national welfare, when a large country implements an import tariff.
A large country never gains from imposing an import tariff. The reason is that:
Whenever a large country implements a large tariff, it will result into a fall in national welfare but whenever a large country implements a small tariff, it will raise national welfare.
When the national welfare decreases, the implication is that the sum of the gains is lower than the sum of the losses across all individuals in the economy.
Thus, a large country never gains from imposing an import tariff - option C.
Answer:
One economic impact refugees can have on a receiving country is an increase strain on natural sources like water. Another reason would be that the receiving country would have more costly security risks.
Explanation:
Answer:
c. factory overhead.
Explanation:
Selling and administrative expenses can be defined as the operating expenses which comprises of all the costs incurred in the smooth running of a business.
Selling and administrative expenses include all of the following shipping document preparation, post-sale technical support, and customer return processing except factory overhead.
A factory overhead can be defined as the amount of money incurred by a company or business entity in the course of its manufacturing process.
This ultimately implies that, factory overhead refers to cost incurred in the manufacturing process of finished goods and cannot be linked directly to the goods.
The factory overhead costs include costs such as indirect labor, rent, depreciation, utility bills, property taxes etc.
This is an example of insider trading, which is using private company data or information to make improper gains.
Answer:
I think it's global economy