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lord [1]
2 years ago
14

What is a tariff?

Business
1 answer:
Natasha_Volkova [10]2 years ago
6 0
D. A tax placed on imports or exports
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Its even less employee friendly tHan it was under
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3 years ago
An economy is operating with output $300 billion above its natural level, and fiscal policymakers want to close this expansionar
NARA [144]

Answer:

The government will need to reduce spending by $60 billion

Explanation:

Expansionary gap is defined as a situation where the total output of an economy exceeds its potential output. That is the economy is performing above its long term potential as measured by GDP.

When this occurs the government will need to reduce spending to match output with economic needs.

Marginal propensity to consume is the proportion of an individual's income that is reserved for consumption.

In this case it is 4/5. This means individuals are willing to spend 4/5 of their income on consumption

The amount needed by the economy to meet consumption is:

Amount consumed= (4/5) * 300 billion

Amount consumed= $240 billion

Therefore

Excess cash= 300 billion - 240 billion = $60 billion

The government will need to reduce spending by $60 billion

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4 years ago
Kerekes Manufacturing Corporation has prepared the following overhead budget for next month.
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Answer:

Detailed solution is given below in attached diagram:

6 0
3 years ago
McHenry, a New York resident, files a suit in a New York state court against OneWorld Inc., a company based in California. OneWo
anygoal [31]

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b. the degree of interactivity via the app between McHenry and OneWorld

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3 0
3 years ago
What do we hope to capture within a confidence interval?
labwork [276]
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At least 90% of (a large series of) 90% confidence intervals will include the unknown true values of the parameters.
<span>We use this interval to determine the probability that the confidence interval produced will contain the true parameter value</span>
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3 years ago
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