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vovikov84 [41]
3 years ago
12

Do you think the introduction of import tariffs is likely

Business
1 answer:
olga2289 [7]3 years ago
5 0

Answer: Tariffs increase the prices of imported goods. Because of this, domestic producers are not forced to reduce their prices from increased competition, and domestic consumers are left paying higher prices as a result. When a large importing country places a tariff on an imported product, it will cause the foreign price to fall. The tariff will reduce imports into the domestic country, and since its imports represent a sizeable proportion of the world market, world demand for the product will fall. The effects of tariffs are more transparent than quotas and hence are a preferred form of protection in the GATT/WTO agreement. A quota is more protective of the domestic import-competing industry in the face of import volume increases. A tariff is more protective in the face of import volume decreases. Tariffs bring about higher prices and revenues to domestic producers and lower sales and revenues to foreign producers. Like tariffs, import quotas restrict imports, lowering consumer surplus and preventing countries from fully realizing their comparative advantage.

Explanation:

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Ben has two options this weekend. He could work at his job and earn $10 per hour for three hours, or he could go to a concert fo
masya89 [10]

Answer:

The correct answer is: $60.

Explanation:

Opportunity Cost is what a person sacrifices when they choose one option over another. It is also defined as the revenue of the chosen option over the revenue of the option that was forgone. It represents what was left on the table for deciding taking one option over another.

In Ben's case, the opportunity cost of going to the event represents what he could have earned working for three hours (<em>$10 x 3 = $30</em>). However, as he will have to pay for the event, he will lose $30 for the event ticket. Then, the total opportunity cost of going to the event is:

$30 + $30 = $60

5 0
3 years ago
What can you bring to our police department to make you a valuable asset to us?
Serjik [45]
Videotapes, Physical evidence (something with possible DNA), Pictures.
8 0
4 years ago
Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of
Verizon [17]

Answer:

=$422,000

Explanation:

As per the contribution margin concept, the contribution margin per unit is equal to the selling price per unit minus variable costs.

Therefore, the total contribution margin is the sales minus variable costs.

The contribution margin for the west will be sales($930,000) minus variable cost($488,000)

=$930 ,000 - $488,000

=$422,000

4 0
3 years ago
In the fourth stage of rational decision making, managers will _____. evaluate the alternatives and select a solution implement
Ludmilka [50]

Answer:

The correct answer is: implement and evaluate the chosen solution.

Explanation:

Companies generally use different strategies to make decisions to obtain the best benefits. For example, companies often use the rational decision-making process to focus on analysis and logic, leaving subjectivity aside.

Through this method, different steps of the decision-making method are followed to achieve the objectives proposed objectively.

<em>For example, in the fourth step, the chosen solution must be implemented and evaluated, the managers are in charge of analyzing and executing the action plan</em>, in this way they evaluate each result obtained to know if the actions taken are the best and are reaching their goals.

<em>I hope this information can help you.</em>

6 0
3 years ago
What amount would the insurance company pay for vandalism that does $425 of damage to a home if the insured homeowner has a $500
iren [92.7K]

ZERO amount would the insurance company pay for vandalism that does $425 of damage to a home if the insured homeowner has a $500 deductible.

( Because the deductible exceeds the loss or the damage. The loss is $425 and the deductible is $ 500, so here the deductible exceeds the loss hence the insurance company will not pay anything).

People like you pay premiums to insurance companies to cover potential losses related to their property. Insurance companies receive these premiums and aggregate them into money pools. These funds are available to cover losses incurred by pool members.

When you report a car accident to the insurance company, the insurance company will send an adjuster to assess the damage. The expert's first task is to decide whether to classify the vehicle as a total loss. Assuming the vehicle is a total loss, the expert performs a valuation and assigns a value to the vehicle.

Learn more about vandalism at

brainly.com/question/13646632

#SPJ4

5 0
2 years ago
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