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coldgirl [10]
2 years ago
12

What happens when a tariff is used?

Business
2 answers:
Alecsey [184]2 years ago
8 0

I will give you a hint: <em>Tariffs increase the prices of imported goods. Because of this, domestic producers are not forced to reduce their prices from increased competition, and domestic consumers are left paying higher prices as a result.</em>

adell [148]2 years ago
6 0
C country places a tax on good from another country
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Market research predicted these
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Agatha has worked for ten years in the public relations department of a large firm. she has been promoted to several higher payi
otez555 [7]
If Agatha has worked for ten years in the public relations department of a large firm. she has been promoted to several higher paying managerial positions, but never to an executive position, even though she has directed several successful projects for the firm, her lack of promotion most likely illustrates the glass ceiling. It is the barrier that keeps women and young people in achieving high positions.
5 0
3 years ago
Suppose an American worker can make 20 pairs of shoes or grow 100 apples per day. On the other hand, a Canadian worker can produ
Elan Coil [88]

Answer: Higher; Comparative advantage

Explanation:

A country or a firm has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodities is lower than the other country or firm.

Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.

If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.

Therefore,

United states's Opportunity cost of producing a pair of shoes = \frac{100}{20}

= 5 apples have to be foregone for producing a pair of shoes

Canada's Opportunity cost of producing a pair of shoes = \frac{20}{10}

= 2 apples have to be foregone for producing a pair of shoes

Hence, Canada has a comparative advantage in producing pairs of shoes because Canada's opportunity cost of producing a pair of shoes is lower than United states opportunity cost.

5 0
2 years ago
Suppose the cross-price elasticity of demand between goods X and Y is 4. How much would the price of good Y have to change in or
boyakko [2]

Answer:

Increase by 5%.

Explanation:

Given that,

cross-price elasticity of demand between goods X and Y = 4

Percentage increase in consumption of good X = 20 %

cross-price elasticity of demand = Percentage change in quantity demanded for good X ÷ Percentage change in price of good Y

4 = 20 ÷ Percentage change in price of good Y

Percentage change in price of good Y = 20 ÷ 4

                                                                = 5%

Therefore, the price of good Y must be increase by 5% in order to increase the consumption of good X by 20 percent.

3 0
2 years ago
Recommend financial reporting and auditing-related reforms that would likely be effective in preventing or detecting frauds simi
abruzzese [7]

Answer:

The answer is stated below:

Explanation:

If the SEC and the AICPA, worked altogether in order to share the information, they might have detected the fraud prior. The case states that the Madoff Securities does not required to submit the peer review program to AICPA as Friehling, had recorded that he did not perform or conduct any audits.

Recommendation

1. The policy execution for the exchange of the information among the two firms would be useful to detect the fraud.

2. The PCAOB should spend more resources an attending the hotline of whistle blowing through executing the policies which need certain complaints to be addressed effectively.

3. The firms or company should have done more in order to verify the financial statements assertions, which surrounds the investments. The PCAOB need to execute the policy that require the companies (such as Madoff Securities) to correctly answer the inquiries of the auditor.

6 0
3 years ago
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