yeah its b,c,e thats ur answer
Answer:
ability to follow blueprints or installation instructions. being good with your hands. technical school or apprenticeship experience
Explanation:
2.
What is selling? How can you apply this in your real life as a student?
during the 1970s and 1980s, advertising strategies began shifting towards presenting products as
During the 1970s and 1980s, the advertising strategies began to shift away from the traditional approach of presenting products as one-dimensional and instead began to focus on the lifestyle associated with the product.
The goal was to create a strong emotional connection between the customer and the product, connecting the customer's feelings and values to the product. Ad campaigns emphasized the product's unique features, benefits, and values such as convenience, durability, design, and quality. This shift allowed for a more personalized and tailored approach to marketing and advertising that resonated better with consumers.
It also allowed for more creativity in the way products and services were presented, which helped brands stand out from the competition. By creating an emotional connection, advertisers were able to reach a wider audience and create a more lasting impression with their target market.
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Anyone have a good name for a sports media company?
Does anyone know what the definition of expanding manufacturing is?
Which ratio is not one of the three ratios that multiply together to produce the return on equity ratio? please choice :a)Total asset turnover
b)Operating profit margin
c)Financial leverage
d)Net profit margin
The ratio that is not one of the three ratios that multiply together to produce the return on equity ratio is Operating profit margin. (B)
The return on equity (ROE) ratio is a measure of the profitability of a business in relation to the equity, or the amount of money that has been invested in the company. It is calculated by multiplying three different ratios together: the total asset turnover, the net profit margin, and the financial leverage.
Total asset turnover measures how efficiently a company uses its assets to generate sales. Net profit margin measures how much profit a company makes for every dollar of sales. Financial leverage measures the amount of debt a company has relative to its equity.
Operating profit margin, on the other hand, measures how much profit a company makes before interest and taxes are taken into account. It is not one of the three ratios that are used to calculate the return on equity ratio.
Therefore, the correct answer is b) Operating profit margin.
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4) You are an employee of a U.S. firm that produces personal computers in Thailand and then exports them to the United States and other countries for sale. The personal computers were originally produced in Thailand to take advantage of relatively low labor costs and a skilled workforce. Other possible locations considered at the time were Malaysia and Hong Kong. The U.S. government decides to impose punitive 100 percent ad valorem tariffs on imports of computers from Thailand to punish the country for administrative trade barriers that restrict U.S. exports to Thailand. How should your firm respond? What does this tell you about the use of targeted trade barriers?
Explanation:
Analyzing the scenario of the question above, it can be understood that the targeted commercial barriers can mean an increase in costs for the company, therefore it is necessary to develop strategic solutions that do not prevent the company from producing personal computers in places with better labor costs. constructions. The question provides information that other production sites, such as Malaysia and Hong Kong, were considered, so this would be a viable and effective strategy if the production and workforce requirements were qualified and maintained the quality of the computers' production.
Imagine you are an economic adviser to the Commonwealth Government. The Prime Minister wants to increase spending on public transport in major cities, but does not want to raise taxes. Identify alternative sources of revenue for the government to fund its new initiatives.
Answer: A combination of 1) Increased public transportation fees, 2) raise the gasoline tax, 3) increase or institute highway tolls, or 4) reduce the road construction budget and use that money for public transportation.
Explanation:
Actions 2-4 would provide incentives to use public transportation.
i gtg see ya all HAhahaahahahahaah
.-.
uhhhh................
*triggered*
Answer:
byeee
Explanation:
During the coronavirus pandemic, people tried to stay home as much as possible and save their money. Now that the pandemic is more or less over, they are travelling more, eating out more, and spending more. In other words, they are in a mood to spend more. Some observers have started calling this phenomenon "revenge spending."
(i) All else equal, how does the higher desire to spend by people affect the market for goods and services? Using a demand and supply diagram for cars as an example to explain your answer.
(ii) How is "revenge spending" likely to affect Canada’s economic performance indicators (i.e., real GDP, inflation, unemployment rate), all else equal?
(i) How does the higher desire to spend by people affect the market for goods and services?The high desire for people to spend more has an impact on the market for goods and services as it will lead to an increase in demand for products and services.
An increase in demand will lead to higher prices for goods and services, leading to an increase in quantity supplied to meet the high demand. The law of supply and demand, which states that the price of a product is determined by the number of people willing to buy it at that price, comes into play.
For instance, in the car market, there will be an increase in demand for cars, which will drive the price up.In the diagram below, an increase in demand (D1 to D2) leads to a rise in both the equilibrium price (P1 to P2) and quantity (Q1 to Q2). Higher demand and higher prices will encourage more car manufacturers to produce more cars.
This, in turn, will increase the number of cars supplied in the market, leading to an increase in real GDP.(ii) How is "revenge spending" likely to affect Canada’s economic performance indicators (i.e., real GDP, inflation, unemployment rate), all else equal?Revenge spending will positively impact Canada's economic performance indicators as an increase in spending will increase aggregate demand, which will, in turn, increase real GDP.
Canada's inflation rate will increase due to the increase in aggregate demand. There will also be an increase in the number of jobs available to meet the high demand for goods and services, leading to a decrease in the unemployment rate.
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A perfectly price-discriminating monopolist is able to a. maximize profit and produce a socially optimal level of output. b. produce a socially optimal level of output, but not maximize profit. c. exercise illegal preferences regarding the race and/or gender of its employees. d. maximize profit, but not produce a socially optimal level of output.
Answer:
a. maximize profit and produce a socially optimal level of output.
Explanation:
The perfect price discrimination is the discrimination that arise isn the case when a firm charge a different price for each unit i.e. consumed. In this, the maximum price should be charged that enables to capture the overall consumer surplus. It is also known as first degree price discrimination
Here the profit is maximized and generated an optimal output level
Therefore the correct option is a.
by which distribution system is more than 90 percent of u.s. coal shipped? railroads trucks waterways pipelines none of these
Railroads distribution system is more than 90 percent of u.s. coal shipped.
Rail transport is a means of transport that transfers passengers and goods on wheeled vehicles running on rails, which are incorporated in tracks. In contrast to road transport, where the vehicles run on a prepared flat surface, rail vehicles are directionally guided by the tracks on which they run.
Where is coal shipped from in the US?Exports from Norfolk, which ships more coal abroad than any other U.S. port, increased 5.8% year over year and jumped 6.4% compared to the first quarter. The ports in Buffalo, N.Y., and Cleveland booked significant increases quarter over quarter, soaring 254.6% and 419.3%, respectively.
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data cubes can be created on an ad hoc basis. there is no need to create them ahead of time. T/F
Data cubes can be created on an ad hoc basis, without the need to create them ahead of time. A data cube is a multi-dimensional dataset that allows for analysis and reporting in various dimensions. The answer to the question is True.
It provides a structured view of data that enables users to analyze large amounts of data in a meaningful way. Data cubes are created by aggregating data from different sources and then organizing it into a structure that allows for efficient analysis.
In some cases, it may be necessary to create data cubes ahead of time, particularly if the data is complex or if the analysis requires a specific level of granularity. However, in many cases, it is possible to create data cubes on an ad hoc basis, as needed. This allows users to quickly and easily analyze data in a way that is most relevant to their needs.
Overall, the creation of data cubes on an ad hoc basis can be a valuable tool for organizations looking to gain insights from their data. By allowing users to quickly and easily analyze data in a way that is most relevant to their needs, organizations can make more informed decisions and improve their overall performance.
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In a CDS the accrual payment is a payment made by CDS_____ to CDS_________ and occurs when the_____ defaults a. buyer; seller; buyer b. seller; buyer; reference entity c. buyer; seller; reference entity d. seller; buyer; buyer e. buyer; seller; seller
In a Credit Default Swap (CDS), the accrual payment is a payment made by the buyer to the seller, and it occurs when the reference entity defaults.
In a CDS, the buyer of the swap pays regular premiums to the seller in exchange for protection against the default of a specific reference entity, such as a company or government. The accrual payment refers to the periodic payment made by the buyer to the seller throughout the life of the CDS. This payment compensates the seller for assuming the risk associated with the reference entity's default.
The accrual payment is triggered when the reference entity defaults on its obligations, typically by failing to make timely payments on its debt. When a default event occurs, the buyer of the CDS receives a payout from the seller, which represents the notional amount of the swap or the difference between the reference entity's original and recovery values. This payment is made to compensate the buyer for the losses incurred due to the default.
Therefore, the correct answer is option c: buyer; seller; reference entity. The buyer of the CDS makes the accrual payment to the seller, and it occurs when the reference entity, which is the subject of the CDS, defaults. The seller assumes the risk of the reference entity's default and receives the accrual payment from the buyer as compensation for this risk.
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.
How does Ella’s Kitchen align its goal with the SDGs?
2.
How would Brexit policies affect the supply chain, profitability, expansion, and diversification strategies of Ella’s Kitchen?
3.
What sort of uncertainty has Brexit created for Ella’s Kitchen? What actions would you recommend to the firm to handle this heightened insecurity?
4.
How do guidelines from the WHO affect the performance of Ella’s Kitchen?
1. How does Ella’s Kitchen align its goal with the SDGs?Ella’s Kitchen aligns its goal with the United Nations’ SDGs in many ways such as providing organic foods for infants, and aiming for environmentally sustainable packaging to support SDG 12-Responsible Consumption and Production.
The company’s recycling program, which includes reducing waste by using smaller cartons and redesigning packaging, aligns with SDG 14 - Life Below Water. In addition, Ella’s Kitchen uses local suppliers and sources its ingredients sustainably, in line with SDG 8 - Decent Work and Economic Growth and SDG 13 - Climate Action.2. How would Brexit policies affect the supply chain, profitability, expansion, and diversification strategies of Ella’s Kitchen?Brexit policies could have significant effects on the supply chain, profitability, expansion, and diversification strategies of Ella’s Kitchen. For instance, the company could experience increased tariffs on its exports to EU member states. In addition, Brexit could lead to delays at borders, affecting the timely delivery of goods and hindering the expansion of the company. A decline in the value of the pound could also increase costs for Ella’s Kitchen, making it less profitable. Furthermore, uncertainty surrounding
Brexit could lead to a reduction in investment in the UK, affecting the diversification strategies of Ella’s Kitchen.3. What sort of uncertainty has Brexit created for Ella’s Kitchen? What actions would you recommend to the firm to handle this heightened insecurity?Brexit has created several uncertainties for Ella’s Kitchen such as the impact of trade tariffs and the potential for delays in the supply chain. To handle this heightened insecurity, the company could consider diversifying its supplier base by seeking new suppliers outside of the UK, or increasing stock levels to mitigate supply chain disruptions. The company could also monitor changes to trade agreements and seek legal advice to assess the impact of Brexit on its operations.
4. How do guidelines from the WHO affect the performance of Ella’s Kitchen?The guidelines from the World Health Organization (WHO) could affect the performance of Ella’s Kitchen positively by aligning with its goal to promote healthy eating for infants. The company could consider aligning its products with WHO guidelines such as ensuring the right amount of vitamins and minerals in its products. Ella’s Kitchen could also consider expanding its product line to include items that support the WHO guidelines, such as plant-based foods, which are beneficial for children's health. By aligning with the WHO guidelines, the company could also improve its reputation as a healthy and responsible brand.
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You want to ctegsosit $15,00na bank at an interest rate of 7 percent per year What is the uture vale of this money after three yes?
tuture value P+)
present value +0
OA S1837563
OR $19661.94
OC $20407.33
Answer:
A $18, 375.63
Explanation:
The amount to be deposited is $15,000
Interest rate is 7 percent
time is 3 years
the future value will be; the applicable formula
A = p x ( 1 + r) ^n
A = $15,000 x ( 1 + 7/100) ^ 3
A= $15,000 x 1.225043
A=$18,375. 64
Identify and give examples of each of the three basic manufacturing cost categories.
Three basic manufacturing cost categories
Direct Material - eg: raw material for the productionDirect labour - eg: factory Labours wagesOverhead - eg: rent of officeManufacturing is the creation or production of goods using equipment, labor, machines, tools, and processing or chemical or biological formulations.
This is the nature of the secondary sector of the economy. The term can refer to a wide range of human activities, from craftsmanship to high technology, but it most commonly applies to industrial design, where raw materials from the primary sector are transformed into finished products on a large scale.
These goods may be sold to other manufacturers to produce other more complex products (such as airplanes, home appliances, furniture, sports equipment, or automobiles) or distributed through the tertiary sector to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then resell to individual customers).
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what factors determine the elasticity of resource demand?
Answer:
the rate of decline of mp
Between the previous balance method and the daily balance method, which method of calculating yvonne's june finance charge will result in a greater finance charge, and how much greater will it be? a. The daily balance method will have a finance charge $0. 21 greater than the previous balance method. B. The daily balance method will have a finance charge $0. 53 greater than the previous balance method. C. The previous balance method will have a finance charge $0. 45 greater than the daily balance method. D. The previous balance method will have a finance charge $0. 40 greater than the daily balance method.
d)The previous balance method will have a finance charge $0.40 greater than the daily balance method.
The previous balance method calculates finance charges based on the outstanding balance at the end of the previous billing cycle, whereas the daily balance method calculates finance charges based on the outstanding balance at the end of each day of the billing cycle.
In this case, Yvonne made a payment on June 7th and had two purchases on June 11th and June 21st. The previous balance method would take into account the unpaid balance from the previous month, while the daily balance method would take into account the unpaid balance at the end of each day, resulting in a higher finance charge.
The difference between the two methods is $0.40, making the previous balance method the greater finance charge.
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How do you set up QBO payments? (no Monthly fee with a higher rate per transaction compared to Banking Merchant Account).
Setting up QBO (QuickBooks Online) payments is a simple process that can be completed in a few steps:
Sign up for a QBO account: If you already have a QBO account, skip this step. If not, sign up for one at the Intuit website.
Set up a payment gateway: In QBO, click on the Gear icon > Account and Settings > Payments. From there, you can choose a payment gateway, such as or Stripe, and follow the instructions to set up your account.
Connect your payment gateway to QBO: Once your payment gateway is set up, you can connect it to QBO. In Payments, click on the Connect button next to the payment gateway you have chosen and follow the instructions.
Set up payment methods: In Payments, click on Payment methods and set up the types of payments you will accept, such as credit cards or bank transfers.
Send invoices: When you create an invoice in QBO, select the payment method you prefer. If you have set up a payment gateway, your customers will be able to pay the invoice online through the gateway.
Keep in mind that while QBO payments do not have a monthly fee, they do charge a higher rate per transaction compared to a banking merchant account. However, the convenience and ease of use may be worth the extra cost for some businesses.
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A parcel of real estate is encumbered by a conventional mortgage with a prepayment penalty. If it is sold, the seller may pay the penalty. Group of answer choices True False
Mortgage agreement and understand any prepayment penalty clauses before selling a property to be prepared for any potential financial obligations related to the penalty. Hence, the statement is True.
In the case of a parcel of real estate encumbered by a conventional mortgage with a prepayment penalty, the seller may indeed be responsible for paying the penalty if the property is sold before the mortgage term is completed.
A prepayment penalty is a provision included in some mortgage agreements that imposes a fee or penalty on the borrower if they pay off the mortgage loan before a specified period of time. This penalty is often calculated as a percentage of the outstanding loan balance.
When a seller decides to sell a property with an existing mortgage that has a prepayment penalty, they will typically be responsible for paying the penalty as part of the closing costs. This is because the seller is essentially paying off the mortgage earlier than originally agreed upon, triggering the prepayment penalty.
It is important for sellers to review their mortgage agreement and understand any prepayment penalty clauses before selling a property to be prepared for any potential financial obligations related to the penalty.
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Denver Enterprises recently used 14,000 labor hours to produce 7,500 completed units. According to manufacturing specifications, each unit is anticipated to take two hours to complete. The company's actual payroll cost amounted to $158,200. If the standard labor cost per hour is $11, Denver's labor efficiency variance is:
How do you find standard hours?
A. $11,000U.
B. $11,000F.
C. $11,300U.
D. $11,300F.
E. none of the other answers are correct.
The correct answer is option (a)Denver Enterprises' labor efficiency variance is $11,000U.
The standard hours can be calculated by multiplying the standard time per unit by the actual output. In this case, the standard time per unit is 2 hours, and the actual output is 7,500 units.
Standard hours = Standard time per unit * Actual output
Standard hours = 2 hours * 7,500 units
Standard hours = 15,000 hours
The labor efficiency variance can then be calculated by multiplying the standard hours by the difference between the standard labor cost per hour and the actual labor cost per hour.
Labor efficiency variance = (Standard hours - Actual hours) * Standard labor cost per hour
Labor efficiency variance = (15,000 hours - 14,000 hours) * $11 per hour
Labor efficiency variance = 1,000 hours * $11 per hour
Labor efficiency variance = $11,000
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Which examples demonstrate common qualifications for Security and Protective Services careers? Check all that apply.
Brooke negotiates with the prison inmates she supervises.
Ami is comfortable working alone and making decisions in her work as a Private Detective.
Reed thinks of creative solutions for defending a client in court.
Vincenzo attends college for many years and earns a juris doctor degree.
Shameka watches for unusual activities and signs of danger as she guards a bank building.
Teddy is a Lifeguard who uses his strength to pull a person out of the water.
Answer:
2,5,6
Explanation:
Ami,shameka,teddy
Answer:
2,5,6
Explanation:
Why is flexibility the most obvious benefit of road transportation? (Select all that apply.)
Transportation companies can employ driving teams of two drivers in the same truck to increase haul times and daily mileage.
Trucks can go anywhere that there are roads.
Truck shipments are impervious to weather conditions like fog, ice, heavy rain, and snow.
Transportation companies can set up systems for having a truck driver approaching his or her maximum driving hours take freight to a drop location where a fresh driver can pick it up and continue on with it.
Answer:
Trucks can go anywhere that there are roads.
Explanation:
Road transport is considered flexible due to the extensive road network. Practically, they are roads almost everywhere including, cities, estates, and villages. As long as there is a road, trucks will get there. Road transport will reach almost any destination as long as there is a road. This is the reason road transport is flexible.
What would be the commonly drawn between personal letter and business letters?
A personal business letter, by virtue of its purpose, is written in a formal tone to convey your message in a professional manner.On the other hand, a personal letter, especially one to a close friend, can be informal and may even contain colloquialisms which would normally be unacceptable in business communications.
What is business letter?A business letter is a letter written between two companies or between two companies and their customers, clients, or other external parties. The overall tone of the letter is determined by the relationship between the parties involved.
A business letter is a formal document that is frequently sent from one company to another, or from one company to its clients, employees, and stakeholders. Individuals use business letters for professional correspondence as well.
A business letter is a formal, professional letter sent from one company to another. These letters can be used for business correspondence with clients, employees, stakeholders, and individuals.
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g(x)=x^(3)+2x^(4)
find min and max points and graph
The function G(x) = x^3 + 2x^4 has a maximum point at x = -3/8. The minimum point cannot be determined with the given information.
To find the minimum and maximum points of the function G(x) = x^3 + 2x^4, we need to analyze the derivative of the function. The minimum and maximum points occur when the derivative equals zero or is undefined.
Taking the derivative of G(x) with respect to x:
G'(x) = 3x^2 + 8x^3
To find the critical points, we set G'(x) equal to zero and solve for x:
3x^2 + 8x^3 = 0
Factoring out x^2, we get:
x^2(3 + 8x) = 0
This equation is satisfied when x = 0 or 3 + 8x = 0.
From the second equation, we find:
8x = -3
x = -3/8
So, we have two critical points: x = 0 and x = -3/8.
To determine whether these points are minimum or maximum points, we can analyze the second derivative, G''(x).
Taking the derivative of G'(x):
G''(x) = 6x + 24x^2
Evaluating G''(x) at the critical points:
G''(0) = 0
G''(-3/8) = -3
Since G''(0) = 0, we cannot determine the nature of the critical point at x = 0. However, G''(-3/8) = -3, indicating a concave-down shape at x = -3/8, which suggests a maximum point.
Therefore, the function G(x) = x^3 + 2x^4 has a maximum point at x = -3/8. The minimum point cannot be determined with the given information.
To graph the function, we can plot points and observe the general shape. The graph will have a concave-up shape due to the presence of the positive coefficients of x^3 and x^4. The x-axis intercept is at x = 0, and the maximum point occurs at x = -3/8.
It's important to note that without further information or specific bounds for x, we cannot determine the exact minimum or the complete graph of the function. Additional details or restrictions would allow for a more precise analysis.
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Support activities, according to the value chain, are the actions a firm takes to directly provide a product or service to customers.TrueFalse
‘Support activities, according to the value chain, are the actions a firm takes to directly provide a product or service to customers. This is false.
What is value chain?
From a product's initial design to its delivery to a customer, there are a number of sequential stages that make up a value chain. The supply chain identifies every point of production, including the sourcing, manufacturing, and marketing phases, where value is added.
A business analyses its value chain by analysing the specific processes engaged in each stage of its operations. A value-chain analysis' goal is to boost manufacturing efficiency so that a business can provide the most value for the least amount of money. It's essential for companies to maintain customer confidence and security so they can keep them as loyal customers in addition to making sure production processes are seamless and effective. Value-chain studies can also be useful here.
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an investment has an installed cost of $574,380. the cash flows over the four-year life of the investment are projected to be $216,700, $259,300, $214,600, and $167,410, respectively. if the discount rate is zero, what is the npv? if the discount rate is infinite, what is the npv? at what discount rate is the npv just equal to zero?
The Net Present Value (NPV) method is a powerful technique that is used to determine the present value of an investment's expected future cash flows.The following are the calculations for NPV:
The formula for calculating NPV is:NPV = Present value of cash inflows – Initial investment For the given question, NPV will be calculated for the given discount rate as shown below:The NPV when the discount rate is 0 is calculated as follows:
NPV = -$574,380 + $216,700/ (1+0)¹ + $259,
300/ (1+0)² + $214,600/ (1+0)³ + $167,
410/ (1+0)⁴NPV = -$574,380 + $216,700 + $259,300 + $214,600 + $167,410NPV = $63,630.00
The NPV when the discount rate is infinite is calculated as follows:
NPV = -$574,380 + $216,700/ (1+ ∞)¹ + $259,300/ (1+ ∞)² + $214,600/ (1+ ∞)³ + $167,410/ (1+ ∞)⁴NPV = -$574,380
The NPV is equal to zero when the discount rate is 11.65 percent because it is the discount rate that makes the present value of cash inflows equal to the initial investment.
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Mayweather reports net income of $317,500 for the year ended December 31. It also reports $100,200 depreciation expense and a $10,750 loss on the sale of equipment. Its comparative balance sheet reveals a $43,200 increase in accounts receivable, a $10,950 decrease in prepaid expenses, a $16,450 increase in accounts payable, a $13,500 decrease in wages payable, a $80,500 increase in equipment, and a $107,500 decrease in notes payable. Calculate the net increase in cash for the year.
Answer:
$211,150
Explanation:
Operating Activities
Net Income $317,500
Adjustment for :
Depreciation $100,200
Loss on Sale of equipment $10,750
Changes in working capital items :
Increase in accounts receivable ($43,200)
Decrease in prepaid expenses $10,950
Increase in accounts payable $16,450
Decrease in wages payable ($13,500)
Investing Activities
Increase in equipment ($80,500)
Financing Activities
Decrease in notes payable ($107,500)
Movement during the year $211,150
therefore,
the net increase in cash for the year is $211,150
Superb Ltd. Is a well diversified company engaged in development of real estate, tourism and
textiles. The company plans to raise a sum of Rs. 120 crores in order to finance its expansion plans. Presently, there is a conflict among its financial managers as to whether the company should float an issue of equity shares or debentures to raise the required amount of funds. Which of the two sources of funds will you suggest considering the fact that company has not raised much debt capital so far and why? Class 11
Answer:
Since the company's debt level is very low, then it should probably issue new debt. The advantage of issuing debt is that debt is always cheaper than equity. E.g. the company issues a bond with a 10% coupon rate and the corporate tax rate is 30%. The after tax cost of debt = 10% x (1 - 30%) = 7%.
Issuing bonds with a 10% coupon rate is not something impossible, and actually the interest rate is pretty high. Some companies issue bonds at 4 or 5%. But to raise new capital offering a return on equity of 7% or less is extremely odd and difficult. Generally, the cost of equity of normal corporations tends to be about twice as higher as the cost of debt.
Since the company's debt level is so low, it should almost certainly issue fresh debt. The benefit of issuing debt is that it is always less expensive than issuing equity. For example, suppose a corporation issues a bond with a 10% coupon rate and a 30% corporate tax rate.
About Sources of funds:
Issuing bonds with a ten percent coupon rate isn't difficult, and the interest rate is actually quite high.
Some businesses issue bonds with a 4% or 5% interest rate. However, raising additional capital with a return on equity of 7% or less is unusual and challenging. In general, normal firms' cost of equity is about twice as high as their cost of debt.
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Which statement is the BEST example of a point of view opposed to free trade?
Question 4 options:
Sheltering young industries allows them to grow and compete with foreign competitors.
Mutually lowering tariffs produces gains on both the supply and demand side.
Skilled worker migration works to reduce poverty.
Comparative advantage benefits developing nations.
The best example of a point of view opposed to free trade is: sheltering young industries allows them to grow and compete with foreign competitors. The Option A is correct.
Why are some arguments against Free Trade?One of the main arguments against free trade is that when lower-cost international competitors enter the market, domestic producers go out of business.
These argument is wrong because the loss of domestic jobs is accompanied by price reductions in consumer goods, and these benefits should not be overlooked when weighing the tradeoffs involved in protecting domestic production versus free trade.
Furthermore, free trade not only eliminates jobs in some industries, but it also creates jobs in others. This dynamic occurs because there are usually industries where domestic producers end up being exporters and because the increased income held by foreigners who benefit from free trade is used to buy domestic goods.
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