1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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>


You might be interested in
''what type of goods includes raw materials used to produce other products?''
Ulleksa [173]
Industrial goods are type of goods that includes raw materials used to produce other products. They are physical items used by companies to produce other products. Derived demand is the consumer demand for consumer goods. On this  derived demand is based the d<span>emand for </span>industrial goods.

5 0
3 years ago
What type of life insurance are credit policies issued as?
trasher [3.6K]
<span>They are considered decreasing term policies. In these policies, the benefits usually decrease over the life of the policy: that is, the closer one gets to the end of the policy term, the less the benefit will typically be. At the end of the term, there is no option to renew for the same premiums, and the policy simply expires.</span>
6 0
3 years ago
__________ begins with new-product purchases first by innovators and then by early adopters.
elena-s [515]

Diffusion of innovation

4 0
3 years ago
Which one of the following statements regarding taping is most accurate?
antoniya [11.8K]
The answer to your question, Which one of the following statements regarding taping is most accurate? , would be <span>B. Tape should extend at least halfway down the sides of a container. This is in order to keep it safe from anyone and that you can easily find it.</span>
5 0
3 years ago
Read 2 more answers
Foxtrot Co. started 2021 with $113,000 of merchandise inventory on hand. During 2021, $480,000 in merchandise was purchased on a
Marina CMI [18]

Answer:

$211,772

Explanation:

The computation of ending inventory is shown below:-

Discount = ($480,000 - $3,600) × 2%

= $9,528

Cost of goods for sale = Beginning inventory + purchases - returns at invoice price - Discounts + Freight - Cost of goods sold

= $113,000 + $480,000 - $3,600 - $9,528 + $7,900

= $587,772

Ending inventory = Cost of goods for sale - Cost of goods sold

= $587,772 - $376,000

= $211,772

So, the right answer is $211,772. Hence the option is not available.

4 0
3 years ago
Other questions:
  • Suppose that price is below the minimum average total cost (atc) but above the minimum average variable cost (avc), and the mark
    13·1 answer
  • Plush Corporation purchased 100 percent of Common Corporation’s common stock on January 1, 20X3, and paid $450,000. The fair val
    11·1 answer
  • On March 1, Marin sold merchandise on account to Amelia Company for $22,400, terms 2/10, net 45. On March 6, Amelia returns merc
    14·1 answer
  • Socially responsible funds are distinguished from other mutual funds because they do not charge any sales commission or manageme
    13·1 answer
  • Digital certificates are issued by organizations known as what term??
    14·1 answer
  • Emco Company uses direct labor cost as a basis for computing its predetermined overhead rate. In computing the predetermined ove
    12·1 answer
  • On March 31, Vale Co. had an unadjusted credit balance of $1,000 in its allowance for credit losses. An analysis of Vale’s trade
    7·1 answer
  • The increased pressures for global integration of operations have been driven mostly by: a. increased levels of joint ventures.
    6·2 answers
  • Roar Bros., a beverage manufacturing firm, recently launched a new energy drink. To make consumers aware of the new drink and to
    15·1 answer
  • When museums charge a lower admission fee to students and senior citizens, this form of price discrimination is known as _______
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!