Legal.
Harry should have consulted with a small business attorney when creating the contract and agreeing to the terms. Now that there is threat of a lawsuit, Harry should consult an attorney to figure out how to proceed.
Answer:
Protectionist.
Explanation:
Proponents of protectionist argue that allowing free trade will kill local industries and also make the country for dumping ground for cheaper foreign made goods.
They suggested imposition of heavy tariffs so as to protect local industries. Protecting local industries will create jobs for the unemployed thereby making them relevant to the society.
By imposing high tariffs, foreign companies producing those goods would pass the burden to final consumers in form of high prices hence discourage consumers from buying them. Few of those goods will then enter the country due to the heavy duty and low patronage.
Imposition of heavy tariffs will also generate more revenue for the government which will be used to financed basic infrastructures like housing, sewage system, electricity, etc.
Although proponents of free trade are of the opinion that there should be no restriction to trading among countries. They also suggested the removal of high tariffs from goods exported from other country.
The above seems good, yet the consequences outweigh the gain therein. For instance, removal of duty or tariff would result in revenue loss for the government hence unable to finance basic infrastructures. The country will also become dumping ground for imported goods because they will sold at lower price due to it's poor quality.
Answer:
Reserve Ratio
Explanation:
Using monetary policy, the Federal Reserve increases Reserve Ratio to reduce the money supply in the economy.
The reserve ratio determines the reserve amounts required, by the Federal Reserve, to be held in cash by banks. This money is kept aside by the bank and is not available to be loaned out to the general public. If the Reserve Ratio is increased, more money will be held in reserves hence a reduction in the money supply in the economy.
Answer:
Solution is given in the attached diagram:
Answer:
A. Veto the research
Explanation:
The research should be vetoed or rejected because with the market research, estimated earnings becomes $10, 000 less than without market research. This is because when market research is done, estimated earnings becomes 330,000, but cost of market research is 40,000. This the company will have a net estimated earnings of $290,000.
Whereas, if they don't engaged in market research, they are expected to have an estimated earnings of $300,000.
Therefore, the market research should be vetoed.
