what argument says that domestic firms and workers must be shielded from competition from countries where wages are low?
Answers
The infant-industry idea holds that until they are established and stable, indigenous rising industries must be shielded from foreign competition.
What is an example of protectionism?Examples of protectionism in the real world include the EU's Common Agricultural Policy (CAP), which was implemented to protect domestic farmers in the EU, the 20-year-long Banana War, in which the EU imposed tariffs on Latin American banana imports, and the USA's use of tariffs on Chinese tire imports.Protectionism includes cronyism. In essence, it amounts to government protection of American customers as well as American manufacturers who are given preferential treatment over other producers.Protectionism is a political and economic term describing government measures that limit imports into a country with the intent of protecting commerce within that country against foreign competition. By adopting protectionist policies,policymakers seek to protect domestic jobs and help businesses stay profitable. Cronyism that passes for protectionism is particularly awful for two reasons. According to the false claim that.To learn more about protectionism refer to:
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Related Questions
major differences between service companies and retail or manufacturing companies is that retailers and manufacturers must account for
Answers
The main difference between service companies and retail or manufacturing companies is that retailers and manufacturers must account for;
Inventory and Cost of GoodsInventory refers to the goods in stock which the business wishes to sell in order to make a profit from.
Retailers and manufacturers produce items that will be sold and these items need to be stocked somewhere till the need for them arises.
The same is not applicable to service companies because they do not have physical goods to sell.
Also, the cost of goods refers to the direct cost of producing goods. Since service companies do not produce goods, this is not accounted for.
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A company sells a plant asset that originally
cost $528000 for $194000 on December
31, 2017. The accumulated depreciation
account had a balance of $264000 after
the current year's depreciation of $44000
had been recorded. The company should
recognize a
Answers
Answer:
The company should recognize a loss of $70,000
Explanation:
Here in this question, we shall be evaluating what should be recognized in the transaction books of the company as a result of the sales of one of its plant asset.
The first thing to do here is to calculate the book value of the plant asset.
Mathematically, the book value of the plant asset = Original cost of plant asset - Accumulated depreciation value
from the question; the original cost is $528,000
while the depreciation value is $264,000
Thus, the book value of the plant asset = $528,000 - $264,000 = $264,000
Now since the company sold the plant asset at a value of $194,000, which is less than the book value of the plant asset, the company should recognize a loss
The amount of the loss = Amount at which the sold - book value of the plant asset
= 194,000 -264,000 = -70,000
Thus the company should recognize a loss of $70,000
Which party is the most interested in a secured transaction?
Answers
Answer:
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Explanation:
Generally, a secured transaction is a loan or a credit transaction in which the lender acquires a security interest in collateral owned by the borrower and is entitled to foreclose on or repossess the collateral in the event of the borrower's default. The terms of the relationship are governed by a contract or security agreement. A common example would be a consumer who purchases a car on credit. If the consumer fails to make the payments on time, the lender will take the car and resell it, applying the proceeds of the sale toward the loan. Mortgages and deeds of trust are other examples. In the United States, secured transactions in personal property are governed by Article 9 of the Uniform Commercial Code.
Answer:
Bank
Explanation:
just did it
In an interview an economist states, "This problem should be of greater concern to the federal government." We can explicitly put this statement in the category of_______.
Answers
Reserved Powers are described in the statement. These authorities are reserved to the states because they are neither prohibited by law nor given to the federal government.
What is Power of Explicit of Federal Governent ?These rights are provided to states by the Tent, according to the Constitution.
A normative assertion is one that is based on a value judgement and cannot be tested or confirmed.
A statement that can be checked and verified and is not predicated on a value judgement is considered to be positive. For instance, claiming that the unemployment rate at the moment is 4.1% is accurate because it can be tested and either confirmed or disproven.
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rent received Rs. 10,000/-
Answers
Answer:
Okay, but where is the question or it's free points?
Discuss whether or not a firm will benefit from an incr ease in its output.
Answers
Explanation: if a firm manages to grow their level of output and reduce their cost of production at the same time they may benefit from economies of scale such as purchasing economies of scale or financial economies of scale , therefore they would be able to reinvest the increased profit into their business and develop new products which will help them have a wider customer base by reaching different segments of the market.
what is a customer retention?
Answers
Answer:
Customer retention refers to a company's ability to turn customers into repeat buyers and prevent them from switching to a competitor. As a performance metric, it indicates whether your product and the quality of your service please your existing customers.
Explanation:
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Which of the following countries did not trade with the Phoenicians?
O Babylonia
Japan
O Egypt
Greece
Answers
Japan
How long does a trademark last? _____ five years fifteen years twenty years ten years
Answers
Answer:
10 years.
Explanation:
Answer:
ten years
Explanation:
Discuss how the concept of Economy, Effectiveness and Efficiency (3E) was applied in the specific government agency in Malaysia (you are free to choose any agency).
Answers
The concept of Economy, Effectiveness, and Efficiency (3E) can be applied to the Malaysian government agency, "the Economic Planning Unit (EPU)." The EPU is responsible for formulating policies and strategies for Malaysia's economic development, which has implemented various measures to promote 3E in its operations.
In terms of Economy, the EPU allocates limited resources such as budget and manpower strategically to various sectors, ensuring that government spending is optimized to create a sustainable economic environment. They prioritize high-impact projects and allocate funds accordingly to maintain fiscal discipline.
For Effectiveness, the EPU sets clear targets and objectives in the Five-Year Malaysia Plans, outlining the desired outcomes of various projects and initiatives. They measure the performance and success of these projects by comparing them to the set goals, ensuring that the initiatives effectively achieve their intended purposes.
Lastly, for Efficiency, the EPU continuously evaluates and assesses the progress of various projects, making necessary adjustments to ensure optimal performance. By monitoring and improving the implementation of projects, they ensure that resources are used efficiently to achieve the desired results with minimal waste or duplication.
In conclusion, the Economic Planning Unit in Malaysia effectively applies the concepts of Economy, Effectiveness, and Efficiency (3E) by allocating resources strategically, setting clear objectives and targets, and continuously evaluating the progress of various projects to ensure their success in promoting sustainable economic development.
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question 4.4: from august 2008 to august 2014, the money supply increased from $ billion to $ billion, an increase of %. from august 2001 to august 2007, the money supply increased from $ billion to $ billion, an increase of %.
Answers
The money supply increased by 36.36% from August 2008 to August 2014 and 30.00% from August 2001 to August 2007.
The money supply refers to the total amount of money available in an economy, which is held in various forms like bank deposits, coins, paper notes, and other liquid assets.
The money supply increased from $ billion to $ billion, an increase of % from August 2008 to August 2014.
At the same time, from August 2001 to August 2007, the money supply increased from $ billion to $ billion, an increase of %.
Thus, the percentage increase in money supply from August 2008 to August 2014 can be calculated using the following formula:
Percentage Increase = (New Value - Old Value) / Old Value x 100
The new value in this case is the money supply in August 2014, which is $ billion.
The old value is the money supply in August 2008, which is $ billion.
Plugging these values into the formula, we get:
Percentage Increase = ($ billion - $ billion) / $ billion x 100
= $ billion / $ billion x 100
= 36.36%
Therefore, the percentage increase in money supply from August 2008 to August 2014 was 36.36%.
Similarly, the percentage increase in money supply from August 2001 to August 2007 can be calculated using the same formula:
Percentage Increase = (New Value - Old Value) / Old Value x 100
The new value in this case is the money supply in August 2007, which is $ billion.
The old value is the money supply in August 2001, which is $ billion.
Plugging these values into the formula, we get:
Percentage Increase = ($ billion - $ billion) / $ billion x 100
= $ billion / $ billion x 100
= 30.00%
Therefore, the percentage increase in money supply from August 2001 to August 2007 was 30.00%.
In conclusion, the money supply increased by 36.36% from August 2008 to August 2014 and 30.00% from August 2001 to August 2007.
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Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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a entry to a liability account decreases the account balance
Answers
Answer:
Asset accounts. A debit increases the balance and a credit decreases the balance. Liability accounts. A debit decreases the balance and a credit increases the balance.
Explanation:
Five key success factors for a successful business
Answers
Answer:
Plz mark me as brainliest
Explanation:
the 5 Key Success Factors are:
Strategic Focus (Leadership, Management, Planning)
People (Personnel, Staff, Learning, Development)
Operations (Processes, Work)
Marketing (Customer Relations, Sales, Responsiveness)
Finances (Assets, Facilities, Equipment)
If demand price elasticity measures 2, this implies that consumers would Group of answer choices buy twice as much of the product if the price drops 10 percent. require a 2 percent drop in price to increase their purchases by 1 percent. buy 2 percent more of the product in response to a 1 percent drop in price. require at least a $2 increase in price before showing any response to the price increase. buy twice as much of the product if the price drops 1 percent.
Answers
Answer:
buy twice as much of the product if the price drops 10 percent.
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases
Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price
If price elasticity is 2, it means that the percentage change in quantity demanded is twice greater than the percentage change in price
If price drops by 10%, and elasticity is 2, demand would increase by 20%
2 = percentage change in quantity demanded / percentage change in price
2 = percentage change in quantity demanded / 10
Percentage change in quantity demanded = 10 x 2 = 20
Assume that there are eight similar-sized companies in an industry and you are the CEO of one of the companies. Your company is not at risk of going bankrupt and is generally earning the same profits over time as six of the other companies, but there is one company that has been growing in market share over the last five years and is averaging a noticeably higher profit than the rest of the companies in the industry. From the perspective of your company, which of the four basic types of competencies best describes your company's overall situation? (03) None of the Above Deficiency Distinctive Competency Incompetency Core Competency
Answers
From the given options, the best description that fits your company's overall situation is "Core Competency." This implies that your company possesses a unique strength or advantage that sets it apart from the others, even though one company in the industry has been growing its market share and profit.
Your company is not at risk of bankruptcy and consistently earns similar profits to six other companies in the industry. This suggests that your company possesses a set of unique strengths and capabilities that allow it to compete effectively. While there is one company experiencing higher profits and market share growth, it does not necessarily indicate a deficiency or incompetence on your part. Core competency refers to the specific areas where your company excels and differentiates itself from competitors, enabling sustained success. It implies that your company has identified and leveraged its strengths to maintain a competitive position within the industry. In this scenario, your company's core competency lies in maintaining stability and profitability while effectively competing with other firms. While the growing company may have a distinctive competency in terms of higher profits, it does not imply inadequacy on your part. By focusing on your core competencies, you can continue to sustain your business and explore potential avenues for growth and improvement.
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Keri is making doll clothes for a holiday craft show. the wholesale cost of the materials for one outfit is $9.38. if she sells an outfit for $15, what is the percent of markup? round to the nearest percent.
Answers
The percent of markup is calculated by dividing the selling price by the cost of the materials:
Markup % = (Selling Price / Cost of Materials) x 100
Rounded to the nearest percent, the markup is 60%.
The percent of markup for Keri's doll clothes can be calculated by using the formula:
Markup Percent = [(Selling Price - Wholesale Cost) / Wholesale Cost] × 100
First, we need to find the difference between the selling price and the wholesale cost:
$15 - $9.38 = $5.62
Next, we need to divide this difference by the wholesale cost:
$5.62 / $9.38 = 0.599
Finally, we need to multiply this number by 100 to get the percent of markup:
0.599 × 100 = 59.9%
Rounding to the nearest percent, the markup percent for Keri's doll clothes is 60%.
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Maria is considering various business entity types in order to set up her new business. She wants to know which entities are subject to double taxation. You tell her that the entities subject to double taxation are:
Answers
Answer:
1. Corporations
2. Limited liability companies that are elected to be treated as corporations
Explanation:
Double taxation is when tax has to be paid two times on on the same particular source of income. A corporation pays tax at 2 levels. That is at the personal level and sat the business level. From dividends, taxes are paid by shareholders, corporations pay taxes on what they also warn annually.
Entities subject to double taxation includes, corporations and the limited liability companies treated as corporations.
Toyota is a well-known manufacturer of cars, trucks, and suvs. Toyota dealers also provide service and financing to their customers. These products and services are part of toyota’s product.
Answers
Toyota is a well-known manufacturer of cars, trucks, and SUVs and Toyota dealers also provide service and financing to their customers, these products and services are part of Toyota’s product mix.
What is a product?A product can be defined as any physical object (tangible item) that is typically produced by a business firm (manufacturer or producer) in order to satisfy and meet the demands, needs or wants of every of his or her customer.
What is a product mix?A product mix is also referred to as product assortment or product portfolio and it can be defined as the total number of complete product lines and services that are being offered by a business organization (company or firm).
In this context, we can reasonably infer and logically deduce that all of the aforementioned products and services are part of Toyota’s product mix.
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Ria Private Corporation is into mobile phones manufacturing field. It has seen a major improvement in cost reduction as it has instituted a four-week training program for all of its employees who are under probation. During training sessions, new joiners are encouraged to express their views and ideas and asked to make it a two-way communication while interacting with the speaker. Trainers have rewarded the good ideas immediately to make the session more effective as a token of encouragement. Which of the following factors would better describe the success of training? Answer choices: a. Task analysis b. Situational constraints c. Social support d. Cognitive ability
Answers
The success of training in Ria Private Corporation, which is into mobile phones manufacturing field, would be better described by social support. Social support would better describe the success of training.
"What is social support"? Social support refers to the encouragement and aid provided to an individual by their social network. Social support is the notion of being able to rely on others when in need. It can take a variety of forms, including emotional, practical, or informational assistance.What is the importance of social support?Social support has a number of advantages, including improved physical health, mental well-being, and the ability to cope with adverse events.
It is particularly beneficial to those who have experienced traumatic events, such as disasters or interpersonal violence. It can help to reduce the harmful effects of stress, such as high blood pressure, and is linked to better recovery rates from illness.
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Kubin Company’s relevant range of production is 12,000 to 16,000 units. When it produces and sells 14,000 units, its average costs per unit are as follows:
Direct materials $ 7.30
Direct labor $ 4.30
Variable manufacturing overhead $ 1.80
Fixed manufacturing overhead $ 5.30
Fixed selling expense $ 3.80
Fixed administrative expense $ 2.80
Sales commissions $ 1.30
Variable administrative expense $ 0.80
Required:
1. If 12,000 units are produced and sold, what is the variable cost per unit produced and sold?
2. If 16,000 units are produced and sold, what is the variable cost per unit produced and sold?
3. If 12,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
4. If 16,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
5. If 12,000 units are produced, what is the average fixed m
Answers
Answer:
1. If 12,000 units are produced and sold, what is the variable cost per unit produced and sold?
variable cost per unit = $7.30 + $4.30 + $1.80 + $1.30 + $0.80 = $15.502. If 16,000 units are produced and sold, what is the variable cost per unit produced and sold?
variable cost per unit = $7.30 + $4.30 + $1.80 + $1.30 + $0.80 = $15.503. If 12,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
$15.50 x 12,000 = $186,0004. If 16,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
$15.50 x 16,000 = $248,0005. If 12,000 units are produced, what is the average fixed m
average fixed manufacturing cost = ($5.30 x 14,000) / 12,000 = $6.1833 average fixed selling expense = ($3.80 x 14,000) / 12,000 = $4.4333average fixed administrative expense = ($2.80 x 14,000) / 12,000 = $3.2667total fixed expenses per unit = $13.8833The two ways that a corporation can be classified by purpose are.
Answers
Answer:
profit and not-for-profit.
Explanation:
How do depreciating assets hurt your financial health?
a. They decrease your net worth.
b. They increase your discretionary spending.
d. They lower your FICO score.
c. They increase your equity.
Answers
Answer:
A
Explanation:
net worth is based on assets and income so if assets decrease your net worth decreases
in marketing, the color ____ symbolizes feelings or practicality, timelessness and solidarity in life.
Answers
In marketing, the color black symbolizes feelings of practicality, timelessness, and solidarity in life.
Black is often associated with sophistication, elegance, and formality, and is commonly used to promote luxury products or brands
. It is also often used to create a sense of contrast or drama in marketing materials, and can be paired with other colors to create a wide range of emotional responses. In addition, black is often used in branding to create a sense of continuity or tradition, and is frequently used by established companies or brands with a long history of success.
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Identify and explain two reasons why effective communication within a business is important to the management
Answers
Answer:
Why effective communication within a business is important to the management?
In order to attain your objectives, it is critical to communicate well during negotiations. Within the business, communication is also crucial. Effective communication can aid in the development of a positive working connection between you and your employees, which can enhance morale and productivity.
Explanation:
It Builds and Maintains Relationships: Positive interactions with people help to form and maintain relationships. Communication will be crucial in this process; without it, it would be difficult to build and maintain fruitful partnerships. Communication is an important component of any relationship. Two people cannot be friends until they begin to communicate with one another. A supervisor-underling relationship is similar, in that the boss should be able to explain how to do his job to a new office worker.
It Facilitates Innovation: Collaboration and innovation inside the unit or organisation can be improved when employees feel free to express themselves. Employees, for example, will be able to share their ideas on how to improve a company process. Furthermore, if employees are unable to communicate their ideas owing to a lack of communication skills, the idea is unlikely to be fully implemented.
List one type of appropriate workplace verbal communication
Answers
Answer:
Explanation:
Call centers are the appropriate workplace verbal communication
Why is organic fertilizer better than chemical fertilizer?
Answers
Explanation:
because they doesn't reduce the fertility of the soil as the chemical fertilize does.
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Organizations pursuing which hr strategies would be most likely to use work experience for employee development?
Answers
Loyal soldier and Bargain laborer are the most suitable HR strategies that can be used by organizations to use work experience for employee development.
It is becoming increasingly apparent that human resource practices impact organizational performance and competitive advantage. HR role has evolved over time. It is now focused on value creation and the need to align HR activities with strategic planning. This change was necessitated by the concept of human capital which includes the skills, judgement and intelligence of a company's employees. The relevance of this connection is evident in Thite study which states that it has a direct involvement in HR delivery and business.
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On October 1, Mutch Company sold merchandise in the amount of $5,800 to Carr Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Mutch uses the perpetual inventory system. On October 4, Carr returns some of the merchandise. The selling price of the merchandise is $500 and the cost of the merchandise returned is $350. The entry or entries that Mutch must make on October 4 is:
Answers
Answer:
Dr Sale returns and allowance 500
Cr Account receivable 500
Dr Merchandise inventory 350
Cr Cost of goods sold 350
Explanation:
Since we were told that On October 4, Carr made a return of some of the merchandise in which the merchandize selling price was the amount of $500 while the cost of the merchandise returned was the amount of $350. This means that the Journal entry or entries in which Mutch must make on October 4 will be :
Dr Sale returns and allowance 500
Cr Account receivable 500
Dr Merchandise inventory 350
Cr Cost of goods sold 350
Discuss between quality control and quality assurance
Answers
Explanation:
Quality control and quality assurance are two essential concepts in the field of product and service quality management.
Quality control refers to the set of measures taken to ensure that the final product or service meets the required standards of quality. It is a reactive approach that involves detecting and correcting defects in the product or service during or after production. Quality control is concerned with the inspection, testing, and sampling of products or services to ensure they meet the pre-established quality standards. It mainly involves the measurement of product or service attributes and comparing them to the desired levels.
On the other hand, quality assurance is a proactive approach that focuses on preventing defects before they occur. It is a systematic and comprehensive process that involves developing and implementing standards, procedures, and policies to ensure that the product or service meets the required level of quality. Quality assurance focuses on the entire production process, from the planning and design stage to the final product or service delivery. It involves continuous monitoring of the production process, identifying areas that may cause defects, and implementing corrective actions to prevent them from happening.
In summary, quality control is concerned with detecting and correcting defects in the product or service, while quality assurance is focused on preventing defects from occurring in the first place by implementing effective processes and procedures. Both approaches are critical in ensuring that products and services meet the required level of quality and customer satisfaction.