In a world that is synchronized on a global scale, trade between nations is constant. Imports cannot be reduced by 20% in order to close the trade deficit.
<h3>Why it is not possible to reduce imports?</h3>
There are certain nations that will be impacted if the United States decides to cut imports by 20%.
As a result, imports from the United States will likewise be restricted in other nations.
In other words, the United States may experience a fall in exports while attempting to reduce imports. The overall impact on trade imbalances could be minimal.
The trade conflict between the United States and China is a good illustration. China responded to the United States taxes on its imports by imposing its own levies. As a result, both countries suffered.
As a result, there is no quick fix for decreasing trade deficits. A more delicate balance between consumption and production must be achieved over time.
The manufacturing industries must have favorable policies and incentives to encourage consumer demand for locally made items.
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Answer:
False
Explanation:
In a business report, the conclusions section explains what all the collected information means and summarizes the most important parts of the report.
While the recommendations section actually presents a list of suggestions and/or specific actions that should be taken.
Answer:
The subject line often determines whether an email is opened and how the recipient responds. An email with a blank subject line will likely get deleted, lost, or immediately irritate the recipient, who is forced to open the email to figure out what it's about.
Answer:
$414,000
Explanation:
Calculation of balance of cash account:
Issuance of capital stock to the $648,000
owners of the corporation
Cash down payment for purchase ($170,000)
a piece of lane
Cash payment on the note payable <u>($64,000)</u>
from the purchase of land
Balance in the Cash account $414,000
at the end of May
Large companies have the ability to take advantage from the economies of scale through offering goods which are more affordable than other smaller retailers. This is because as the company grows, their unit cost decreases due to some factors caused by the economies of scale.
