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zmey [24]
2 years ago
15

An export subsidy will ________ producer surplus, ________ consumer surplus, ________ government revenue, and ________ overall d

omestic national welfare.
Business
1 answer:
Paladinen [302]2 years ago
5 0

Answer:

increase; decrease; decrease; decrease.

Explanation:

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

Basically, trade can be categorized into two (2) main groups and these are;

I. Import: this involves bringing in goods from a foreign country to sell in a different (domestic) country.

II. Export: it involves the sales of goods produced in a domestic country to a foreign country.

An export subsidy can be defined as any government policy that encourages the export of goods to other countries while discouraging the sales of goods in the domestic market through the use of tax reliefs, low cost loans, government foreign adverts, etc.

A surplus is the amount by which the quantity supplied of a good exceeds the quantity demanded of the good.

Producer surplus is the amount a buyer is willing to pay for a good minus the cost of producing the good.

Consumer surplus is the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.

Hence, an export subsidy will increase producer surplus, decrease consumer surplus, decrease government revenue, and decrease overall domestic national welfare.

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AURORKA [14]
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3 years ago
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The following data pertains to activity and maintenance costs for two recent years:
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Answer:

Y= 6000 + 0.75X

Explanation:

High and low cost technique

Using the a high and low technique, total cost can be analysed and separated into fixed and variable portion. This analysis helps in the forecast of cost and therefore important for the preparation of budget.

<em>Variable cost of maintenance</em>

= (Cost at high activity - Cost at low activity)/ (high activity - low activity)

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<em>Fixed cost of maintenance</em>

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6 0
2 years ago
How do you determine retained earnings at year end
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Explanation:

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Hope it helped u if yes mark me BRAINLIEST

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3 years ago
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Answer:

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Carry  200 pouns      

Average  150 pound /person    

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 150          10  

 8           8  

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