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Which law are we being asked about?
Answer: Option a
Explanation: In simple words, the value of effort and time (or economic cost of effort and time) which individuals spend by keeping less money to offset the inflation tax they pay on cash holdings whenever higher inflation occurs is called shoe leather cost.
Increased cost of shoe-leather is one of the inflationary impacts. In a time of high inflation, individuals are discouraged from keeping large sums of money because their worth is rapidly deteriorating compared to the economy's increasing prices.
Answer:
The infant industry argument says that Question 7 options:
tariffs should be imposed to allow a new industry in a country to get established.
Explanation:
The argument for the infant industry protectionism suggests that the imposition of tariffs on imports gives a new industry in the country the required breathing space it requires to develop, grow, and be established before it can face competitive forces from outside, which imports imply. Since newly formed industries often do not command the economies of scale and learning experience that their competitors from other countries may have, therefore, they need to be singularly shaded from external competition until they have achieved similar economies of scale and learning curve. But, can they attain any competitive edge without learning from competitors?
Answer:
$32.20
Explanation:
The computation of the value of the stock is shown below:
Dividend per share = $3
The Required rate of return = 15%
Return on equity = 13%
Dividend payout ratio = 60%
Based on the above information,
First we have to determine the growth rate which is
Growth rate = (1 - Div Payout ratio) × ROE
= (1 - 60%) × 13%
= 5.20%
Now the value of the stock is determined by using the Gordon model
= Last year dividend × (1 + growth rate) ÷ (Required rate of return - growth rate)
= $3 × (1 + 5.20%) ÷ (15% - 5.20%)
= $32.20
