The main types of trade barriers used by countries seeking protectionist policies or retaliatory trade barriers are subsidies, standardization, tariffs, quotas and licenses.
Both increase the price of foreign products in the domestic market or limit the supply of foreign products in the domestic market. An example of a customs duty is a tax on goods imported from another country. For example, a 3% tariff on corn would result in a domestic importer of corn from another country adding his 3% tax to the cost of the corn paid by him. This increases the cost of importing corn, which in turn increases the price of corn that importers sell domestically to cover costs and make a profit. This hurts both domestic consumers and businesses, as consumers may be looking for cheaper competitors selling domestically produced corn rather than the more expensive imported corn.
In theory, tariffs can cause inflation. Tariffs increase the price of goods and services in the domestic market by imposing a tax on imported goods owed by the domestic importer. To cover the increased costs, domestic importers charge higher prices for goods and services.
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Suppose a country with a comparative advantage in product A focuses on making and selling that product while purchasing product B, for which it does not have a comparative advantage. What is this called?
Comparative advantage is based on the measurement of opportunity cost, whereas absolute advantage refers to an entity's superior manufacturing capacity.
Which benefit can be compared?Comparative advantage refers to a nation's ability to manufacture a certain good or service for less money than its trading rivals. Opportunity cost is a new factor that can be used when comparing various production options in accordance with the comparative advantage principle.
What purposes do we serve by comparative advantage?Out of opportunity costs, one advantage of comparative advantage is the ability to produce a good or service for less money. Companies with a comparative advantage can sell their goods and services at a lower price than those of their competitors, increasing their profit margins and sales.
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A focused low-cost strategy
When a company concentrates on a certain consumer group and offers inexpensive services and goods, it is said to have a targeted low-cost strategy.
Briefing:-They can reduce their costs by concentrating on a small market. They may offer inexpensive prices because they can rely on experience and predictability.
Focus cost strategy: what is it?When a business tries to win over potential clients only through competitive pricing, it is pursuing a cost focus approach. These businesses strive to offer the least amount of value for their products on the market by undercutting their competitors' prices. Companies that use this strategy often focus on a certain market sector.
What benefits can a concentrated low cost strategy offer?Customers feel as though they are receiving a deal when cost focus is used. A good value for money product or service will draw customers as long as quality hasn't been compromised to boost the bottom line. A low-cost, tightly concentrated market approach is known as a cost-focus strategy.
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How do you solve for nominal interest rate?
It states that the nominal interest rate is approximately equal to the real interest rate plus the inflation rate (i = R + h).
What is an example of a nominal interest rate?
A nominal interest rate is, for instance, the interest rate that is quoted at a bank on any given day. The nominal interest rate is 2.59% per year, as stated in a bank's advertisement for a car loan. It represents the annual interest a person would be required to pay if they borrowed money to purchase a car.
The nominal interest rate is it monthly or annual?
The nominal interest rate, which can be determined annually, quarterly, monthly, or weekly, solely consists of a fixed percentage that must be paid for the borrowed money.
The calculation of the monthly nominal interest rate to include in the loan conditions, however, is more typical for financial organizations.
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What are the factors of production check all that apply?
Factors of production are the resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide factors of production into four categories: land, labor, capital and entrepreneurship.
Production is the process of mixing several inputs, both material and immaterial, to produce output. Ideally, this output will be a valuable item or service that contributes to people's utility. Production theory is a branch of economics that focuses on production and is strongly tied to economic consumption theory.
The manufacturing process and output are closely related to the productive use of the initial inputs. Land, labour, and capital are regarded as the three essential production inputs and are referred to as main producer commodities or services.
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Is it always better to choose the loan with the lowest interest rate?
Generally, it is better to choose the loan with the lowest interest rate.
When choosing a loan, the interest rate is an important factor to consider. The lower the interest rate, the less you will pay in interest charges over the life of the loan. This is because the interest rate is used to calculate the amount of interest you will pay each month on your remaining balance.
A loan with a lower interest rate means that you will be paying less each month in interest charges. Additionally, the lower the interest rate, the higher the loan amount you may qualify for.
This is because the lender will take into account the smaller amount of interest you will be paying each month when deciding how much to lend you. Therefore, it is usually better to choose the loan with the lowest interest rate.
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What was President Roosevelt's plan for economic recovery?
The New Deal was a series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1939.
What was Franklin Roosevelt's recovery plan?Roosevelt's New Deal Recovery programs focused on stabilizing the economy by creating long-term employment opportunities, decreasing agricultural supply to drive prices up, and helping homeowners pay mortgages and stay in their homes, which also kept the banks solvent.The New Deal had three goals: relief, recovery, and reform. Relief meant that the president wanted to help those in crisis immediately by creating jobs, bread lines, and welfare. Recovery was aimed at fixing the economy and ending the Depression.Other reasons for its failure included members of Roosevelt's own Democratic Party believing the bill to be unconstitutional, with the Judiciary Committee ultimately releasing a scathing report calling it "a needless, futile and utterly dangerous abandonment of constitutional principle.The New Deal was responsible for some powerful and important accomplishments. It put people back to work. It saved capitalism. It restored faith in the American economic system, while at the same time it revived a sense of hope in the American people.To learn more about President Roosevelt's refer to:
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What are 3 causes to desertification?
Human activities that contribute to desertification include expansion and intensive use of agricultural land, poor irrigation practices, deforestation and overgrazing.
This unsustainable land use is changing soil chemistry and hydrology, putting tremendous pressure on the land. Finally, overexploited drylands suffer from erosion, soil salinity, loss of productivity and reduced resilience to climate change. Land management plays a particularly important role in densely populated areas of developing countries. In this region, population growth is putting increasing pressure on the surrounding areas. Global warming due to atmospheric accumulation of carbon dioxide and other gases released by burning fossil fuels could complicate this situation in the future. Higher global temperatures can accelerate the process of desertification due to increased evaporation rates.Although these various causative factors have been identified, the actual process of desertification is poorly understood. For example, it is difficult to determine when a drought caused by temporary changes in atmospheric circulation patterns will become a long-term, permanent condition.Know more about population here:
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an imc audit is a tool used to ______.
The right response is to assets a company's present operations and resources.
such is familiarity with datatapes, broadcast message, advertising, key audiences, and internal communication A unified message is delivered to all parties involved. The traditional marketing mix has four parts: product, pricing, promotion, and distribution. The promotion component has generally been made up of advertising, sales promotions, and personal selling. Integrated marketing communications entails integrating all elements of the marketing communications (promotional) mix to provide a consistent message and hence maximise effect. customer relationship management's rising notoriety. Integrated marketing communication tools combine several marketing approaches, such as advertising, online marketing, public relations activities, direct marketing, and sales campaigns, to promote businesses and guarantee that a similar message reaches a broader audience.
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how to answer why are you interested in this position
The best way to answer to the question that why they are interested for the post is to stay honest and give the best reason for your selection which is inclined mainly to the match between your qualifications and job requirement.
When one is asked why they are interested for a specific job, candidates get confused whether they shoudl tell about their qualifications or impress the members by praising the company. However, one must always try to be true to the job profile and they can simply tell that they need the job to build their experience profile, test in competitive situations, and as the job requirement perfectly suits their education qualifications and skills, they find themselves most suitable for the job and feel that they would be able to do better justice to their job.
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What type of deposit account would be good for someone saving for a long-term goal?
High-Yield Savings Account is a deposit account would be good for someone saving for a long-term goal.
A consumer can deposit and withdraw funds from a deposit account, which is a bank account kept by a financial institution. Savings accounts, current accounts, or any of the other types of accounts listed below can be deposit accounts.
When a bank records a transaction involving a deposit account, the resultant balance is recorded as a liability of the bank and signifies the sum that the bank owes the client. In other words, the relationship between a bank and a consumer is one of debtor and creditor. For transactions on a customer's account, some banks levy fees. Some banks also give their clients interest on their account balances.
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How did Huey Long get assassinated?
Huey Long was assassinated by being fatally shot at the Louisiana State Capitol.
Who Is Huey Long?Huey Long was the governor of Louisiana and a United States senator who was one of the major political figures in America in 1935. Huey Long became an influential figure because he succeeded in carrying out very fast development in Louisiana. On Sunday, September 8, 1935, to be precise, Huey Long was fatally shot at the Louisiana State Capitol. Huey Long was pronounced dead on September 10, 1935, after medical personnel at Our Lady of the Lake Regional Medical Center failed to stop Huey's internal bleeding.
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Which of the following is a reason you want to have multi-criteria analysis as a tool in your decision-making toolkit?
To make a wise decision, multi-criteria analysis challenges you to conduct methodical research.
What is meant by Qualitative approaches?In business and management, qualitative analysis employs subjective judgement to assess a company's worth or future prospects based on non-quantifiable data, such as management competence, industry cycles, the strength of research and development, and labour relations. Qualitative approaches are, as their name suggests, methods without measuring or statistics. Qualitative methods are occasionally denigrated as being less scientific because the natural sciences have had such tremendous success with quantitative approaches. Opinions, attitudes, beliefs, and intentions are the foundation of qualitative research. These kind of studies focus on issues like "Why," "Would," and "How." Through qualitative research, we can better understand why consumers act a certain way or how they would react to a new product.It is easy to understand multi-criteria analysis.
You can count qualitative problems using a multi-criteria analysis.
When making decisions, you can compare possibilities, which means that multi-criteria analysis is widely useful.
To make a wise decision, multi-criteria analysis challenges you to conduct methodical research.
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What is marginal cost Mcq?
The cost a company incurs to produce a further unit of a good or service is known as the marginal cost. This is the goal of marginal cost analysis.
The marginal cost in economics is the variation in total production costs that results from creating or producing one more unit. Subtract the change in production costs from the change in quantity to determine marginal cost. In order to maximize production and overall operations, an organization has to know when it can reach economies of scale. This is the goal of marginal cost analysis. A profit could be made by the producer if the marginal cost of producing one extra unit is less than the price per unit.
The cost a company incurs to produce a further unit of a good or service is known as the marginal cost. This is the goal of marginal cost analysis.
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IN AN ESTABLISHMENT THAT SERVES ALCOHOL FOR ON PREMISE CONSUMPTION AND GETS LESS THAN 50% OF ITS GROSS RECEIPTS FROM ALCOHOL SALES, A CASHIER CAN BE 16.
No one under 18 can sell, prepare, serve, or assist with liquor.
(a) A wine-only package store can hire 16-year-olds for any job.
(b) A permit or license holder for on-premises alcohol consumption may hire a minor to work in any capacity other than selling, preparing, or serving alcohol.
(c) If the alcoholic beverages are served by an adult, the holder of a permit or license for on-premises consumption of alcoholic beverages who also holds a food and beverage certificate may hire a cashier under 18 years old.
(d) The holder of a permit or license for on-premises consumption of alcoholic beverages that derives less than 50% of its gross receipts for the premises from the sale or service of alcoholic beverages may employ a person under 18 years of age as a cashier for transactions involving the sale of alcoholic beverages if the alcoholic beverages are served by an adult.
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A customer tells you she asked a coworker of yours for help with something. She says the coworker told her he didn’t know anything about it and just rudely ended the call. What would you do?
a. Suggest talk to the manager personally
b. Ask her what she would like you to do
c. Ask her if she remembered the name of the employee and approach that person yourself
d. Apologize and tell her you will glad to help her whenever you can
d. Apologize and tell her you will tell the manager
Answer:
D
Explanation:
Bad Debt Expense: Percentage of Credit Sales Method Bradford Plumbing had the following data for a recent year: Bradford estimates that 2.4 percent of credit sales will eventually default.
Required:
1. Compute bad debt expense for the year
2. Determine the ending balances in accounts receivable and allowance for doubtful accounts.
The purpose of the allowance for dubious debts is to estimate how many clients out of the 100 will no longer pay the full amount they owe.
How do you calculate ending stability for allowance for dubious accounts?It estimates the allowance for doubtful debts by means of multiplying the money owed receivable with the aid of the terrific proportion for the getting older length and then provides those two totals together. For example: 2,000 x 0.10 = 200.
How do you find the ending balance in money owed receivable?An ending stability is derived through including up the transaction totals in an account and then adding this total to the starting balance
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here:https://brainly.com/question/24848903 #SPJ4Good recordkeeping helps protect assets and helps managers monitor company activities.
Maintaining accurate records enables managers to keep an eye on business activity and protect assets. Employees handling cash and easily movable assets should be bonded, and assets should be insured.
Briefing:-An employee who has access to an asset is not permitted to have access to the accounting records for that item.
Quiz: Why is a strong record-keeping system crucial?Any business must maintain accurate records. Whether it's to assist in cost management, for legal, regulatory, or tax reasons; or simply to assist in managing and enhancing your company. It's crucial to successfully gather, store, and analyze your data.
Is there a system in place to regulate the acceptance of obligations and cash payments?a system of guidelines and approvals intended to regulate the acceptance of obligations and the disbursement of payments.
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What are three effects of high unemployment rates?
The effects of high unemployment rates include severe fiscal difficulty, debt, homelessness and casing stress, family pressures, shame and stigma.
A high severance rate affects the frugality in numerous ways. Unemployed people tend to spend lower, may accrue further debt, and severance may lead to advanced payments from state and civil governments for effects like food prints. As a nearly watched profitable index, the severance rate attracts a lot of media attention, especially during recession and grueling profitable times. This is because the severance rate does not just impact those individualities who are unemployed–the position and continuity of the factors of severance have wide-ranging impacts across the broader frugality. Unemployment also leads to workers losing their purchasing power, which can lead to severance for other workers, creating a slinging effect that ripples through the frugality.
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costs per equivalent unit are used to value ______.
In a process costing system,cost per equivalent unit is the term used to describe the average unit cost of each product.The cost per equivalent unit concept is used to assign costs to (completed units carried over and units still in work-in-process (WIP) inventory at the end of the period
In process costing,equivalent units are calculated to facilitate the allocation of manufacturing costs to units produced in whole or in part.This is used to calculate the number of units at the end of the period.Two processes are equivalent if,when the same values are entered into each process,the same result is produced.Unit cost refers to both variable costs and fixed costs associated with the production and delivery of a single unit of any product to a final consumer.Monitoring the cost of goods sold helps create a context for setting prices and ensuring that profits are generated Importance.Calculating the cost per unit is essential for any business because it helps determine the selling price that the business should charge its customers.This is because companies typically add up the percentage of profit to get the sale price.
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How did women's roles in the workforce change during World War I women entered?
Women's roles in the workforce changed during World War I as women entered on new roles in the work force, which was notably in war production and agriculture.
By the year 1917, women made up nearly 30 percent of its 175,000 workers and also with a nationwide total which is of nearly 1.4 million German women those were employed in the war workforce. Thus, women took on new roles in war production and agriculture.
However, just before World War I, women began to break away from the traditional roles which they had been playing. As men left their jobs to serve their country in the war overseas, the women then replaced their jobs.
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Development Plan for Three Skills Template
Create a development plan for three target skills.
Target Skill #1
Target Skill #1: Technology, Communication and Results Driven
Specify the skill you are developing this development plan for. (Pick from the 10 Skills we learned about in WRK100. You may want to use a skill that you wrote about in the Week 2 Assignment.)
Strengths:
• I am now able to complete assignment check for grammar and to check for plagiarism by learning new technology.
• Common operating skills that I never did before.
• Learning technical skills about writing.
• Performing different types of tasks by using Microsoft Word.
Describe your strengths in this skill.
Areas of Improvement:
• I would like to increase my writing skills and computer skills.
• I need to believe in myself when I look at the age, I am I sometimes wonder if it is worth me going back to pursuing my degree.
Describe areas of improvement in this skill.
Desired Outcome:
• Increase computer skills and learn how to complete a power point slide.
• Stop being down on myself and believe. I can achieve my goal no matter how old I am.
Describe your goals around developing this skill during your time at Strayer. Think about what improvement of this skill looks like.
Goal Statement:
• By the time I graduate from Strayer, I want to be able to start my own business in a restaurant. In promoting my wife cooking skills.
• I would once of a month donate food to the shelter and deliver plates to the homeless on the street.
Write a positive statement that includes your desired outcome and your imagined preferred future after development.
Practices for Growth:
• I can try doing a budget of what it would take to have a success building.
• Complete a menu of what are going to be cook.
• Come up with a name and design for my restaurant.
Describe 2–3 specific strategies that can be used to develop this skill.
Conduct a training needs analysis, Identify skill development focus areas and goals. Examine the training you need.
A good skills development plan must start with a training needs assessment (TNA). TNAs help organizations close the distance between a team's desired location and its potential location. It is a proactive, cost-effective solution that helps L&D managers identify training and development needs, deal with potential roadblocks, and make sure that training is indeed the best way to handle business difficulties. training-needs analysis at several levels L&D managers are needed to complete three stages of analysis, starting with individual analysis and ending with the analysis of the skills necessary to do particular occupations. The team's available skills should be listed in the individual analysis, along with any challenges their absence might present.5 To ascertain the necessity
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What term is used to identify the way artwork is arranged?
The arrangement or combination of the various components of an artwork is referred to as composition.
When deciding how to arrange their artwork, the artist has unrestricted creative license. Depending on the canvas or photograph, the elements may all be grouped in the center or dispersed around the corners. Alternately, the entire work of art could be dominated by simply one theme. Over the years, several schools of thought have taken different approaches to composition in art. In the past, things that are common place today would have been unheard of.
Although there isn't a single recipe for a successful composition, there are several fundamental ideas that can be used in the majority of works of art.
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What is the profit equal to?
Profit is the difference between income and costs and taxes. The company's owners might keep earnings, issue dividends to stockholders, or reinvest.
Profit is revenue minus costs. Businesses report gross, operating, and net profit (the "bottom line"). Buyers prefer prosperous company stocks due to dividends and capital expenditures.
Gross profit, operating profit, and net profit are the three primary forms of profit that can be found on an income statement. Analysts can learn more about a company's success by looking at its various profit types and making comparisons to industry peers and historical periods.
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Tax delinquent real property not redeemed by the owner during the five-year statutory redemption period is deeded to the
Properties are referred to as tax-delinquent when property owners do not pay the full amount of state or local property taxes assessed against the value of the property.
Can you buy tax delinquent properties in Texas?In Texas, you cannot assume ownership of someone else's property by simply paying the balance of unpaid property taxes. However, you can purchase real estate, often at a discounted rate, at a tax foreclosure sale.Tax is a compulsory levy, imposed on an individual or a firm, by the government of a country. The primary purpose of taxation is that it allows the government to allocate resources.Government use tax money to support the following:
Building and technology infrastructure,Military programsPublic safetyEducation and environmental protection.Property tax is a real estate ad-valorem tax, considered a regressive tax, calculated by a local government, which is paid by the owner of the property. The tax is usually based on the value of the owned property, including land. The local governing body will use the assessed tax to fund water and sewer improvements, provide law enforcement and fire service and other items deemed necessary. Deeds of reconveyance do not interact with property taxes.To learn more about taxes refer to:
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Gwen' blog pot about camping ha 70 comment. 30% of the comment were quetion for Gwen about camping gear. How many of the comment were quetion about camping gear?
The concept given is Percentages, which is a number or ratio expressed as a fraction of 100. The answer is 21.
A percentage is a number or ratio that can be expressed as a fraction of 100. When we need to calculate a percentage of a number, we divide the number by the whole number and multiply by 100.
Therefore, the percentage a is partially a hundred. The word percent means 100. It is represented by the symbol "%". Percentages can also be represented as decimals or fractions.
Given:
camping comment - 70
camping gear - 30%
converting the percentage to decimal we get,
30/100 - 0.3
comments on camping gear = 70 * 0.3 = 21.
So, the camping gear received 21 comments.
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When you are actively listening, it is important to wait until the speaker is finished speaking before you attempt to formulate your response.
False
True
The answer is true, got 100% in edge.
Answer: true
Explanation:
What is the difference between unsubsidized and subsidized loans
The difference between subsidized loans and also unsubsidized loans is Subsidized Loans do not accrue interest while you are in school at least half-time or during deferment periods. While Unsubsidized Loans are loans for both undergraduate and graduate students that are not based on financial need.
In economy, Subsidized Loans generally can be defined as loans for undergraduate students with financial need. Subsidized loans are determined by other financial aid (such as grants or scholarships) and also our cost of attendance minus expected family contribution. Unsubsidized Loans generally can be described as loans for both graduate students and undergraduate that are not based on financial need.
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What are 4 disadvantages of a mixed economy?
Four disadvantages of a mixed economy system are: tendency of special interest, high tax, tendency of monopoly, reduce healthy competition.
A mixed economy refers to system that incorporates elements of a capitalist or market-based system with those of a socialist command economic system. It mixes free trade and private ownership rights with elements of socialism such as control, re-distribution., and the welfare state.
Disadvantages of a mixed economy system are:
When you blend government and private business, it is unavoidable that they will intersect.The government is substantially larger than in a market-based system. It places a larger emphasis on social spending and economic influence. As a result, quite substantial levels of taxation are required to pay for it.Over control of government can lead to monopoly.Businesses incur greater expenditures as a result of regulatory restrictions, hence reduce healthy competition.Learn more about mixed economy here:
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what was the main cause of the staglation of the 1970s
What were the goals of the New Deal programs and what did they accomplish for the American people?
These programs focused on what historians call the "three R's." Helping the unemployed and the poor, returning the economy to normal levels, and reforming the financial system to prevent another recession.
The New Deal policy led to a political realignment, with the Democratic Party (and the party that held the White House for seven of his nine terms in office from 1933 to his 1969) gaining a majority and its base. was a progressive idea, a southern metropolis. Machines, newly empowered unions and diverse ethnic groups. The Republican Party was split, with progressive Republicans backing them, but conservatives rejected the entire New Deal as anti-corporate and anti-business. The reorganization was embodied in the New Deal Coalition, which dominated presidential elections well into the 1960s, while the opposing Conservative Coalition largely controlled Congress over domestic affairs from his 1937 to his 1964.
The New Deal included new restrictions and protections for the banking sector and efforts to revive the economy after prices plummeted. The New Deal program included both laws and executive orders passed by Congress during President Franklin D. Roosevelt's first term.
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