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Bogdan [553]
3 years ago
5

What is protectionism and why would a country base trade policy on it? Explain at least two reasons.

Business
1 answer:
Anton [14]3 years ago
3 0
Protectionism is a government or economic policy that does not allow foreign or international trade through methods and variety of government regulations outlined to promote fair competition with the goods and services made domestically. Business and workers were protected within a country through regulating or obstructing trade with different countries.

<span>A country should base trade policy for two reasons. 1.) It protects local businesses and jobs.  2.) It promotes fair competition on the local goods and services.</span>


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Economists can predict what consumers in general will do because all humans seek __________.
Sophie [7]
Economists can predict what consumers in general will do because all humans seek D. BENEFIT MAXIMIZATION.

Consumers want to get the value for their money. They buy goods that are worth the amount they are willing to spend.

For example, in comparing two products, product A is cheaper but has a shorter life-span. Product B is pricier but lasts longer than Product A. 

Given the choices, I'd prefer to buy Product B because I will benefit form it for a longer time than Product A.

3 0
3 years ago
What is a cloture in filibuster?
astraxan [27]

The first filibusters also gave rise to the first requests for "cloture," a procedure for concluding debate and putting a matter to a vote.

Does cloture equate to filibustering?

In that same year, the Senate passed a rule that established the "cloture" process, which allows a 2 different majority to break a filibuster. In 1975, the Senate changed the threshold for cloture votes from 2 of senators present and voting to 3 of all senators present and voting, or 60 of a 100 senators.

What does the phrase "filibuster" actually mean?

There is a lengthy history of using the delay to postpone discussion or stop legislation. In the 1850s, the word "filibuster," which comes from the a Dutch word that means "pirate," gained popularity in America.

To know more about filibuster visit:

brainly.com/question/29616690

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7 0
2 years ago
Northwest Molded molds plastic handles which cost $0.80 per handle to mold. The fixed cost to run the molding machine is $2105 p
Volgvan

Answer:

2105 units per week

Explanation:

At the break-even point, Northwest will not make any profits or losses. Using the variable cost analysis, At the break-even point, Sales match variable costs plus fixed costs.

The break-even point is calculated as fixed costs/ contribution margin per unit.

Contribution margin per unit = sales - variable costs

=$1.80 -$0.80= $1.0

Contribution margin = $1.0Break even = $2105 /$1.

=2105 units

3 0
3 years ago
Bidder conferences are used to:
Zarrin [17]

Answer:

A. Answer questions about the project prior to submittal of proposals

Explanation:

A bidder conference is a meeting held by a buyer to discuss a possible purchase with multiple potential suppliers.

4 0
3 years ago
Crawford Company's standard fixed overhead cost is $6.00 per direct labor hour based on budgeted fixed costs of $600,000. The st
natka813 [3]

Answer:

The answer is "\$ \ 100,000 \ hours"

Explanation:

Budgeted fixed cost  = \$ 600,000  

labour hours = \frac{ \$ 6 }{hour}  

\text{overhead rate} = \frac{ \text{Budgeted fixed cost}}{labour\ hours}

                     = \frac{\$ \ 600, 000}{\$ \ 6}\\\\= \$ \ 100,000 \ hours

4 0
3 years ago
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