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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

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Suppose that the government decides to charge cola consumers an excise tax. Before the tax, the market is in equilibrium, where
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Answer:

The answer is: The excise tax on cola beverages is $2 per case.

Explanation:

Excise taxes are taxes levied on certain goods or services.

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During a company's first year, the asset account, Office Supplies, was debited for $2,600 for the purchases of supplies. At year
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Answer:

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The supplies expense = 2600 - 975 = $1625

The adjusting entry that will be made at the end of the period is,

Supplies Expense 1625 Dr

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