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3241004551 [841]
3 years ago
6

A country exports $75 million worth of steel to the United States and sells it for $60 million in order to establish a new marke

t in the United States. This is
an example of
Business
2 answers:
anzhelika [568]3 years ago
8 0

What is better government?

..........   um.. i rdk

Nesterboy [21]3 years ago
5 0

Given the facts that a country exports steel worth $75 million to the United States at a sales price of $60 million is a clear example of <em>dumping</em><em>.</em>

Dumping as used in international trade is a practice whereby country exports a product at a lower price than the price in the exporter's domestic market.

Dumping is practiced in international trade for the following purposes:

  • gaining international market share.
  • driving out competition.
  • creating a monopoly situation.
  • enabling the exporting nation to dictate price and quality of the product.

Thus, dumping is condemned in international trade and relations, and usually attract counter-measures.

Read more about dumping of goods in international trade at brainly.com/question/20113907

You might be interested in
Agricultural output is affected by the weather. Excessively high temperatures and a lack of rainfall are detrimental too crop yi
mariarad [96]

Answer: The answer is provided below

Explanation:

a. When the quantity supplied of a particular crop reduces, it will affect the farmer's revenue but this can still be beneficial to the farmer provided these conditions prevails:

• If demand for the crop rises more than its fall in supply, this will lead to a rise in the and price of the crop. Hence, there will also be an increase in the revenue of the farmer and the farmer will try to adjust output and sell at higher prices. Therefore, the excess demand can off set a fall in the supply.

b. We know that the supply of a crop is limited. For example, let's assume that the crop is rice. Now the situation is that people are demanding more beans maybe as a result of festive season. Therefore, everyone will want to purchase rice which will lead to an increase in the price of rice due to excess demand.

The farmer will try as much as possible to maximise profit and will therefore sell the rice at higher price to those that wants to buy. Therefore, it's clear that the farmer can still benefit, even if his supply is limited, but the demand must be greater than its decline in supply.

6 0
3 years ago
Why are some producers forced to sell their products at the prevailing market price?
Elden [556K]

Answer: High degree of similarity to competitors products.

Explanation:

In a perfectly competitive markets, the producers are price takers as the producers cannot influence the prices of goods in a market.

In such cases, producers are forced to sell the goods at current market prices. Good sold in the market are similar and prices are usually the same. If a producer influences his or her price by setting a price above the equilibrium price in the market, the customers will move and purchase the product from other producers.

4 0
3 years ago
Read 2 more answers
Young Bobby opened a lemonade stand in his front yard. He used $4 worth of lemons, sugar, and cups, and paid his little sister $
Pepsi [2]

Answer:

$2

Explanation:

Surplus value = revenue - cost

Revenue = $1 × 7 = $7

Cost = $4 + $1 = $5

Surplus value = $2

I hope my answer helps you

8 0
3 years ago
he following information pertains to Benedict Company. Assume that all balance sheet amounts represent average balance figures.T
ra1l [238]

Answer:

b. 14.0%

Explanation:

NET INCOME  

Sales  $ 100.000

Net Income  $ 25.000

Preferred Stock  -$ 4.000

Net Income to Stockholders' equity—common $ 21.000   14%

Net Income to Stockholders         $ 21.000

                                                      ===========  =   14%

Stockholders' equity—common    $ 150,000

5 0
3 years ago
Edie's Health Supply has 125,000 shares of stock outstanding with a par value of $1 per share and a market value of $5 a share.
Umnica [9.8K]

The Par value per share after the split will be 2,500 shares.

<h3><u>What is a Share?</u></h3>
  • Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends.
  • A stock with no dividend payments does not distribute its income to its shareholders. Instead, they look forward to further stock price growth as business profits rise.
  • Shares are an organization's equity capital, and there are two primary kinds of shares: common shares and preferred shares.
  • As a result, the terms "shares" and "stock" are frequently used synonymously. Owners of a corporation have the option of issuing preferred shares or common stock to investors.

A single common share's par value is determined by the charter of a corporation. It usually has nothing to do with the shares' actual worth. Actually, it's frequently lower. The par value is stated on each stock certificate that is issued for shares that are bought.

Know more about Shares with the help of the given link:

brainly.com/question/13931207

#SPJ4

3 0
2 years ago
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