Answer: C. A salaried manager who has a three-year employment contract
Explanation: Fixed costs are costs that remain the same for a long period of time, fixed costs do not vary easily they are the same over a long run, mostly constant through out the contract period or throughout the life of the business entity.
Variable costs are costs which vary from time to time, labor costs such as hourly payment for employees or worker they are paid according to the hours they put it.
the salaried manager receives the same salary over a long period of time which can be up to three years as the option clearly stated.
Answer:
a. Domestic producers require time to gain experience and lower their unit costs; this will allow these producers to compete successfully in international markets.
Explanation:
According to the infant-industry theory, new industries in emerging and developing economies need protection for unfair competition from industries in advanced economies. The new industries need time to grow and develop economies of scale that can match those from more developed economies.
Economists describe infant industries as those in their early stages of development and, as such, cannot compete favorably with established rivals. Proponents of Infant-economies protection argue that infant industries need protection from international competitors capable of flooding domestic markets with cheaper goods. Protection assist infant industries to mature and develop economies of scale.
Answer:
The Legal Tender Act allowed the government to print $150 million in paper money that was not backed by a similar amount of gold and silver. ... The government was able to pay its bills and, by increasing the money in circulation, the wheels of Northern commerce were greased.
Explanation:
