The answer to the following question should be NO longer than 2 typed double-space pages with 12-point font and regular margins. Anything longer than 2.5 double-space pages will be penalized. Your answer can be shorter than 2 double-spaced pages (for example, 1.5 pages). Make sure, however, that you address the question properly and comprehensively if you choose to write a shorter answer.
During the 2020 Democratic Presidential Primaries, one of the candidates in the Democratic Primaries—namely, Bernie Sanders—bluntly suggests that increased trade openness sharply increases "income inequality" in the U.S. and leads to job losses in especially the manufacturing sector. He also suggested that one solution for the U.S to address these problems is to raise trade barriers, avoid signing or renege from existing free trade agreements (FTAs) with other countries, and finally reduce American commitments to the World Trade Organization. Let us assume for a moment that Bernie Sanders’ view about income inequality is correct. If so, then what explains why greater trade openness (and hence more economic globalization) leads to higher income inequality? In particular, which tools of International Trade theory can be used to explain the link between trade liberalization and income inequality in the US and why? Do you agree with Bernie Sander’s view that the US can address problems such as income inequality stemming from trade globalization by becoming more "protectionist"? Why or why not?
Answers
Greater trade openness leads to higher income inequality because of various tools of International Trade theory.
International trade theory states that trade openness causes relative factor prices to converge internationally. For example, in the US, as a result of trade liberalization, the relatively capital-abundant and labor-scarce US economy tends to specialize in capital-intensive goods and import labor-intensive goods. The relative price of capital-intensive goods in the US rises relative to that of labor-intensive goods.
In contrast, the relatively labor-abundant and capital-scarce developing countries tend to specialize in labor-intensive goods and import capital-intensive goods. Therefore, the relative price of labor-intensive goods rises in developing countries relative to that of capital-intensive goods. As a result, relative prices and hence wage differentials between capital and labor increase within the US and decline between the US and developing countries. As a consequence, income inequality within the US increases, but global income inequality decreases.
In addition to this, "protectionist" measures, such as the imposition of tariffs and other trade barriers, could help address the issue of income inequality that arises as a result of trade liberalization. Protectionism's argument is that by limiting trade with other nations, countries would reduce the competition faced by their domestic industries, resulting in the creation of domestic jobs. This protectionist policy, on the other hand, has several disadvantages. It leads to the adoption of a "beggar-thy-neighbor" policy, which damages international relations and slows global economic growth. Furthermore, as developed countries impose more and more restrictions on their trade with developing countries, it becomes progressively more difficult for these countries to build viable export-led development strategies.
In conclusion, while the fact that trade liberalization leads to increased income inequality is apparent, the idea of imposing "protectionist" measures is not a good solution. The ideal solution is to create a globally coordinated policy that balances the interests of developed and developing countries while ensuring that globalization benefits all people, particularly the poor.
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Related Questions
Assume ABC Corp. pays the dividend of $5.50 this year. For the next 35 years, the firm's dividend will grow by 5.2%, then it will grow by 4.5% each year afterwards. The required rate of return for the firm's industry is 11.6%. What is the present value of the firm's stock under the Dividend Discount Model?
O $89.21
O $77.62
O $81.54
O $72.52
Answers
The best option is option D. the present value of the firm's stock under the Dividend Discount Model is $81.54 (rounded to two decimal places). the correct answer is option C: $81.54.
To calculate the present value of the firm's stock under the Dividend Discount Model, we need to find the present value of each future dividend payment and then sum them up. The formula for the Dividend Discount Model is:
Present Value = Dividend / (1 + Required Rate of Return) ^ Period
Let's break down the calculation step-by-step:
1. Calculate the present value of the dividends for the first 35 years, where the dividend grows by 5.2% each year:
- The dividend for the first year is $5.50.
- The required rate of return is 11.6% or 0.116.
- We will use the formula to find the present value for each year:
Present Value = $5.50 / (1 + 0.116) ^ Period
Period ranges from 1 to 35.
- Sum up all the present values obtained for each year.
2. Calculate the present value of the dividends after the 35th year, where the dividend grows by 4.5% each year:
- The dividend for the 36th year is $5.50 * (1 + 0.052) ³⁵.
- The required rate of return is still 11.6% or 0.116.
- We will use the formula to find the present value for each year:
Present Value = $5.50 * (1 + 0.052)³⁵ / (1 + 0.116) ^ Period
Period ranges from 36 to infinity.
- Sum up all the present values obtained for each year.
3. Add the present values obtained from steps 1 and 2 to find the present value of the firm's stock.
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customer orientation Definition
Customer orientation is a modern business approach adopted by businesses for increasing their sales by satisfying the changing wants and needs of a customer. In this approach, businesses focus more on the customer than the company itself. This approach leads an organization to do better for the consumer in order to retain their customer base.
Answers
Customer orientation is a business strategy that emphasizes the importance of customer satisfaction. It is the practice of focusing on the wants and needs of the customer in developing products, services and experiences that meet or exceed their expectations.
This approach to business involves understanding customer needs, designing products and services that meet those needs, and building customer relationships that foster loyalty and repeat business. Customer orientation enables businesses to create a competitive advantage by providing superior service and value to customers. Ultimately, customer centricity is an essential part of any successful business, as it leads to increased customer satisfaction, loyalty and increased sales.
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According to the data set below, what was the GDP per capita in the United States in 2017? Round your answer to the nearest whole dollar.
United States Real GDP and Population, 2013-2017
Year - Real GDP in US dollars - Population
2013 | $16,691,500,000,000 | 316,234,505
2014 | $17,427,600,000,000 | 318,622,525
2015 | $18,120,700,000,000 | 321,039,839
2016 | $18,624,500,000,000 | 323,405,935
2017 | $19,390,600,000,000 | 325,719,178
Answers
The GDP per capita in the United States in 2017 was approximately $59,647.
What was the approximate per capita GDP in the United States in 2017?To calculate the GDP per capita, we divide the real GDP of the United States in 2017 ($19,390,600,000,000) by the population in the same year (325,719,178). This calculation yields a GDP per capita of approximately $59,647.
GDP per capita is a measure that provides insight into the economic well-being of a country's residents on average. It represents the value of goods and services produced per person in a given year.
In the case of the United States in 2017, the GDP per capita indicates that, on average, each resident would have earned approximately $59,647 if the country's GDP were distributed equally among its population.
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What kind of data do you get from a survey asking open-ended questions?
A.
Quantitative data
B.
Faulty data
C.
Qualitative data
D.
Numbers-based data
Answers
The answer is C. Qualitative data
Which of the following is one way that land contributes to production?
A. Tools are created by humans to aid production.
B. Roads allow for the transportation of goods.
C. Ideas are needed to figure out how to use natural resources.
D. Energy from the environment fuels production.
Answers
Art teacher Monica earns time and a half for the number of hours she works over 40 hours. One week she worked 48 hours. How many hours of overtime did she work?
Answers
Answer:
8 hours
Explanation:
Here, we want to know the number of overtime hours worked.
From the question, we are told that the pay is slightly different and higher if she worked for some hours over 40 hours
What this means is that the regular number of hours is 40; then the number of hours in this case 8 over 40 is her over time
A sales associate listed a condo for $205,000. A sales associate from a competing office called the listing associate to inform him of a verbal offer of $190,000 on the property. The listing associate did not present the verbal offer. Which statement applies to this situation
Answers
The statement that applied to the given situation is "Listing associate that needs to present the verbal offer to the seller and act as the individual seller or transaction agent" is considered.
The information related to the transaction agent should be as follows:
The purchasers & sellers should be assisted in the real estate transactions having no financial interest.It is treated as a neutral third party but at the same time, it is bounded as per the law and the ethical principles.The other statements should not be relevant.
So, here we can conclude that a listing associate that needs to present the verbal offer to the seller and act as the individual seller or transaction agent" is considered.
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Question 4
You are the claims manager and a claims assistant has presented the following claims from clients.
Case 1
The Vehicle was involved in an accident 2 years ago and this was not stated in the proposals form by the insured. The claimant has paid the premium and filed all necessary documents.
Case 2
One twin sister was married while the other led a care free life of being on the move. The spinster twin took out a life insurance policy naming the married twin as a beneficially. The insured died and the named beneficially was been informed. The named beneficially has filed all papers that meets the requirements. An investigation report reveals that the named beneficially actually killed the ‘insured’ and displaced her twin in the marriage.
Case 3
A Marketing Director bought a RAV 4 used vehicle from Japan at a landed cost of US $10, 000.00. He insured the car at ZMK 550, 000.00. This amount is equivalent to how much Toyota Zambia can sell anyone the same car.
You are required in each case to decide whether to settle the claim or not justify your decision by giving insurance legal principle(s) involved reasons for you answer?
Answers
In Case 1, the claim should be denied based on the principle of utmost good faith.
The insured failed to disclose the previous accident on the proposal form, which is a material fact that could have affected the insurer's decision to provide coverage. Non-disclosure of material information violates the principle of utmost good faith, which requires both parties to act honestly and transparently in their dealings. Therefore, the insurer is justified in denying the claim.In Case 2, the claim should be settled based on the principle of indemnity.
The named beneficiary has fulfilled all the requirements and is entitled to receive the insurance proceeds. While the circumstances surrounding the insured's death are concerning, the insurance contract is separate from any criminal activities. As long as the named beneficiary meets the requirements and is not involved in any fraudulent activities related to the claim, the insurer should honor the contract and pay the claim.In Case 3, the claim should be settled based on the principle of insurable interest.
The Marketing Director has an insurable interest in the RAV 4 used vehicle as the owner and policyholder. The insured value of the car may not necessarily reflect the selling price by Toyota Zambia, as it includes other factors such as depreciation and policy terms. As long as the insured value is reasonable and corresponds to the actual value of the car at the time of the policy purchase, the claim should be settled.Learn more about Material fact
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Snap Company issues 10%, five-year bonds, on January 1 of this year, with a par value of $100,000 and semiannual interest payments.
Answers
Answer:
Note: Question is incomplete, the full question is attached as picture below
Journal Entries - Snap Company
Date Particulars Debit Credit
1-Jan Cash Dr $92,640.00
Discount on bond payable $7,360.00
To Bond Payable $100,000.00
(To record issue of bonds)
30-Jun Interest expense Dr $5,736.00
To Cash ($100,000*10%*6/12) $5,000.00
To Discount on bond payable $736.00
(($7,360 - $6,624)
(To record semiannual interest payment and discount amortization)
31-Dec Interest expense Dr $5,736.00
To Cash ($100,000*10%*6/12) $5,000.00
To Discount on bond payable $736.00
($6,624 - $5,888)
(To record semiannual interest payment and discount amortization)
Which style of decision making will consumers who develop brand loyalty use?
A.extensive decision making
B.limited decision making
C.routine decision making
D.opportunity based decision making
Answers
This is when your planned spending is greater than you actual spending.
Budget realism
Budget surplus
Budget equilibrium
Budget deficit
Answers
Answer:
B. Budget surplus
you will have extra money you didn't spend. Let me know if this helped and give me brainliest :)
Administrative costs include ______. shipping costs and sales commissions executive compensation and public relations costs factory maintenance workers' wages and factory supervisors' salaries sales commissions and factory supervisors' salaries
Answers
Answer: Executive compensation and public relations costs
Explanation:
Administration costs are cots that the company does not incur as a result of production, sales or indeed any specific department. They usually relate to the entire organization as a whole and involve the running of the entire company.
Executive compensation is an admin cost as the executives are in charge of coordinating the whole company and cannot necessarily be linked to one department or function.
Public relation costs affect the entire company and so are admin costs as well.
Suppose that a store sells candy bars for $0.89 for one and $1.50 for two. The marginal cost of the second candy bar is:
Answers
The marginal cost of the second candy bar is:$0.61.
Marginal costUsing this formula
Marginal cost=Selling price for two-Selling price for one
Where:
Selling price for one=$0.89
Selling price for two=$1.50
Let plug in the formula
Marginal cost=$1.50-$0.89
Marginal cost=$0.61
Inconclusion the marginal cost of the second candy bar is:$0.61.
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Who is the group of people MOST likely to purchase a company's products?
O A.marketing mix
О в.target market
O C.primary audience
O D. advertising audience
Answers
Option B is correct.A target/goal market is a crew of customers with shared demographics who have been recognized as the most likely buyers of a company's product or service.
Why is goal market important?Having the right target market helps you decide where to find practicable purchasers who are looking for what you have to offer. If you have a target market, you know where to concentrate your advertising and marketing efforts and what to provide that is compelling and properly received.
For example, a children's toy may additionally have boys a while 9–11 as the target market and the boys' mother and father as the target audience. It may additionally also be defined as the consumer segment most likely to be influenced through an advertising campaign. The target market is also awesome from the buyer persona.
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https://brainly.com/question/20974098#SPJ1The way income is allocated among the population is reflected in the lorenz curve. income curve. gini coefficient. income spread.
Answers
The way income is allocated among the population is reflected in the Gini coefficient.
The Gini index, or Gini coefficient, measures income distribution throughout a populace. developed by using the Italian statistician Gini in it regularly serves as a gauge of monetary inequality, measuring profits distribution or, less commonly, wealth distribution amongst a population.
The Gini index is a measure of the distribution of profits throughout a populace. A higher Gini index shows greater inequality, with excessive-profits individuals receiving plenty large percentages of the populace's general profits. Worldwide inequality, as measured by way of the Gini index.
The Gini index may be derived from the Lorenz curve framework (Lorenz, which plots the Cartesian coordinates where the abscissa is the cumulative normalized rank of earnings from the lowest to the highest
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ECONOMICS CHAPTER 2 SECTION 3
explain the relationship between the terms in each of these pairs
A. Private property rights and market
B. laissez-faire and capitalism
C. Specialization and profit
D. Factor market and product market
ECONOMICS CHAPTER 2 SECTION 3
Answers
Private property rights and market is in which people buy and sell resources or goods and services.
Private property rights are the rights of individuals and groups to own property and the market is any place or situation in which people buy and sell resources and goods and services.
Laissez-faire and capitalism-The relation-ship between laissez-faire and capitalism is laissez-faire is an economic philosophy of free-market capitalism that opposes government intervention.
Specialization and profit- The relation-ship between specialization and profit is the companies specialize in making one product or one component of a product, if this product will make at large scale, companies reduces it's cost to earn profit.
Factor market and product market- The relation-ship between Factor market and product market is the factor market is running by the demand of product market. The product market is sold their goods and services with the demand of factor market to production these goods and services.
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Which term refers to the knowledge and skills needed to accomplish business tasks, approach business problems, and get a job done?.
Answers
Based on the question above, the correct answer is competence
The term is competence. It is the skill required to be successful in any job or job role.
CompetenceIt refers to the knowledge and skills needed to exhibit business tasks, tackle business problems, and get a job done.In conclusion, we can conclude that the correct answer is competence.
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Western deli pays its couriers straight time for 36 hours per week and double time for any horus more than 36 worked last week kevin alvarez worked a total of 42 hours and had total pay of 545.28 what is his straight time pay
Answers
Answer:
Western Deli
Kevin Alvarez's straight time pay = $408.96
Explanation:
Data and Calculations:
Straight time = 36 hours per week
Overtime hours worked = 6 hours
Total hours worked = 42 hours
Total pay for the week = $545.28
Rate of pay:
Straight time = Hourly rate
Overtime = Hourly rate x 2
Total hours paid = Straight time + 2 of Overtime = 36 + 12 = 48 hours
Hourly rate = $545.28/48 = $11.36
Therefore, Straight time pay = 36 x $11.36 = $408.96
3. suppose the market for home-grown peppers in the town of smallville is comprised of two farmers. explain why they might try to collude.
Answers
The two farmers in the market for home-grown peppers in Smallville may try to collude because they have a shared interest in controlling the supply and price of peppers to maximize their profits.
By colluding, they can agree to limit their production and set a higher price for their peppers, effectively reducing competition and increasing their individual revenues. This can be mutually beneficial to both farmers, as they can avoid price wars that may lead to a race to the bottom in terms of prices. However, collusion is illegal and can lead to fines and penalties if discovered by regulatory authorities.
Additionally, collusion can reduce uncertainties in the market and decrease the risk of price wars, which can negatively impact both farmers' earnings. However, it's important to note that collusion is often considered illegal and unethical in many jurisdictions.
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Determine which of the statements below is correct regarding information reflected on a monthly bank statement.
Multiple choice question.
The information on the bank statement reflects the bank's records of the depositor's account.
The information on the bank statement reflects the customer's records.
Reason: It reflects the bank's records.
Withdrawals by the company will be listed as increases to the bank account on the bank statement.
Reason: Withdrawals will be listed as decreasing to the account.
Deposits that the company makes will be listed as debits to the bank account on the bank statement.
Reason: Deposits increase the debt of the bank, so they will be listed as credits to the bank account.
Answers
The correct statement regarding information reflected on a monthly bank statement is that the information on the bank statement reflects the bank's records of the depositor's account. This statement is accurate because a monthly bank statement reflects the transactions that took place in the depositor's account during the month.
These transactions include deposits, withdrawals, checks, fees, and any other activity in the account. During the month, the bank records the transactions in the depositor's account and keeps track of the account balance.
At the end of the month, the bank sends the depositor a statement reflecting all the transactions that took place in the account during that month.
This statement is a summary of all the activity in the account and reflects the bank's records of the account.
The bank statement does not reflect the customer's records of the account. The customer can keep their own records of the account, but these records may not always match the bank's records.
Withdrawals by the company will be listed as decreases to the bank account on the bank statement, not as increases. Withdrawals decrease the balance of the account, so they are listed as decreases on the bank statement.
Deposits that the company makes will be listed as credits to the bank account on the bank statement. Deposits increase the balance of the account, so they are listed as credits on the bank statement.
In summary, a monthly bank statement reflects the bank's records of the depositor's account, and it includes all the transactions that took place in the account during the month.
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Staples pays George Nagovsky an annual salary of $37,200. Today, George's boss informs him that he will receive a $5,500 raise. What percent of George's old salary is the $5,500 raise? (Round to the nearest tenth percent.)
Answers
Answer:
the percentage is 14.79%
Explanation:
The computation of the percentage is shown below:
= Raise salary ÷ annual salary
= $5,500 ÷ $37,200
= 14.79%
Hence, the percentage is 14.79%
We simply applied the above formula so that the correct percentage could arrive
The federal reserve can affect you through
Answers
As the Federal Reserve conducts monetary policy, it influences employment and inflation primarily through using its policy tools to influence the availability and cost of credit in the economy.
the process of acquiring both tacit and explicit knowledge is
Answers
Knowledge acquisition refers to the process of gathering and obtaining knowledge from various sources.
It involves acquiring both tacit knowledge and explicit knowledge. Tacit knowledge refers to knowledge that is difficult to express or codify, typically gained through personal experience, intuition, and skills. Explicit knowledge, on the other hand, is formal and can be easily articulated, documented, and transferred. The process of knowledge acquisition involves activities such as learning, observation, interaction, training, research, and documentation. It aims to capture, organize, and internalize knowledge to enhance individual or organizational capabilities.
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What are the two types of partnership?
Answers
Answer:
What are the two types of partnerships?
Explanation:
general partnership and limited partnership
4. Analyze. What is wrong with this statement:
"Individuals were worse off in 1960 because they
didn't earn as much as individuals earn today"?
Answers
Answer:
Daadsasdjahishsbksnsbidje
Improvements in learning and growth and internal business process measures must ultimately have a positive influence on customer measures.
a. True
b. False
Answers
True, improvements in learning and growth and internal business process measures must ultimately have a positive influence on customer measures.
Internal performance measures are used to evaluate and screen the inner operation of an organization. Those are essentially measures of processes. For a production company, they might encompass measures together with equipment utilization, set up instances, work in development degrees, queues, and many others.
The Customer Scorecard is a view of your company's customer satisfaction, advertising and sales objectives, and overall performance. The scorecard's basis is an approaching tree that accommodates hierarchical nodes of strategy components.
Learning is a process of obtaining or changing expertise, understanding, behaviors, capabilities, and abilities. Growth: a process of increasing in length, scope, scale, capacity, or amount over time.
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the phase of the business cycle in which real gdp declines is called: group of answer choices a recession. the trough. an expansion. the peak.
Answers
The correct answer is "a recession." The phase of the business cycle in which real GDP declines is referred to as a recession.
During a recession, economic activity contracts, leading to a decrease in output, employment, and income. It is characterized by a sustained period of economic decline and is typically accompanied by factors such as reduced consumer spending, decreased investment, and a slowdown in business activity. The opposite phase, in which real GDP increases, is called an expansion. The trough represents the lowest point of the recession, while the peak is the highest point of the expansion.
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Police are investigating the site of a convenience store robbery. The glass door was
broken, and it looks as if several packages of cigarettes are missing from behind the
counter. One police officer notices a man walking past the store and gets an odd
feeling about him. He stops the man and insists on searching his pockets. Inside the
man's pockets, police find several packs of cigarettes. They arrest the man and
charge him with the crime. Unfortunately, the judge throws out the charges. What is
MOST likely the judge's reason for dismissal?
A-The man is under 18 years old.
B-The man did not have money to post bail.
C-The policeman did not have probable cause to search the man.
D-The policeman did not have enough evidence that the man was the robber.
Answers
The MOST likely judge's reason for dismissal is the policeman did not have enough evidence that the man was the robber. Thus the correct option is D.
What is Robbery?Theft or robbery is defined as the stealing of someone else's property without their permission and using force or a threat of force that exhibits fear in them to perform any action against them.
To prove a crime against someone requires one to submit enough evidence which helps to establish the claim as the justice system is based on evidence not on arguments.
In the given case, police found the activity of the men suspicious as they found cigarette packets from him. There is no evidence that he has stolen the cigarette packets might be possible he has purchased them.
So due to a lack of evidence against the person the Judge dismissal the case. Therefore, option D is appropriate.
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Indicate whether each of the statements below about a perfectly competitive market is true or false. a. In general, the market demand curve in a perfectly competitive market is perfectly elastic. b. In general, an individual firm in a perfectly competitive market faces a perfectly elastic demand curve.
Answers
The statement "In general, the market demand curve in a perfectly competitive market is perfectly elastic" is true. In a perfectly competitive market, there are numerous buyers and sellers of a homogeneous product.
However, no single firm has any power to influence the market price. As a result, any small increase in price by a single firm would lead to a significant loss of customers to its competitors. Therefore, the market demand curve is perfectly elastic, meaning that any change in price by a firm would cause a proportionate change in the quantity demanded by consumers. On the other hand, the statement "An individual firm in a perfectly competitive market faces a perfectly elastic demand curve" is false. Although the market demand curve is perfectly elastic, an individual firm faces a downward-sloping demand curve. This is because, in a perfectly competitive market, each firm is too small to affect the market price and must accept the market price as given. As a result, a firm can only increase its sales by reducing its price, which leads to a lower revenue per unit sold. This results in a downward-sloping demand curve for each individual firm.
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A college student could take an elective course that inspires him or her to
study a secondary field, which is caled:
A. a minor.
B. a specification.
C. a specialization.
D. an elective requirement.
Answers
Answer:
it should be A a minor
Explanation:
The primary field of education is called a Major while a secondary one is a minor.
Answer:
A. a minor
Explanation:
somebody who's just a teen