The United States imposes a tariff on electronics imported from China. Which would be a result? China stops marketing all products to U.S. consumers The cost of Chinese electronics goes down Electronics trade with China increases U.S. consumers buy more domestically made electronics
Answers
Answer:
D
Explanation:
U.S. consumers buy more domestically made electronics
Related Questions
______ ensures fair competition by preventing those who would deceive consumers from diverting trade from those who compete honestly. a) Monopoly b) Regulation c) Antitrust law d) Market competition
Eve earns $68,000 per year as a lecturer. Each year, she spends $36,000. In addition, she gives $1,000 to charity and pays $16,000 in taxes. Of the money she has left, she saves $13,000 and invests $2,000 in the stock market. Calculate her personal savings rate. Round to the nearest whole percentage point.
An intelligence system that helps managers assess their competition and vendors in order to become more efficient and effective competitors is called:_______a) an auditb) industrial espionagec) competitive researchd) differential competitive advantagee) competitive intelligence
What steps can you take to prevent yourself from being affected by a market correction?
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Answer:
The banks are most likely to ask the Fed’s to raise interest rates, sell bonds on the open market, and raise the reserve ratio in order to decrease inflation. So, there will be less money in the hands of the people and less spending, over all.
Explanation:
b. The person or group of people who will receive your life insurance money
c. The person who evaluates life insurance claims
d. The person who determines whether you qualify for life insurance
Answers
The correct answer is B. The person or group of people who will receive your life insurance money
Explanation:
A beneficiary refers to an individual that receives a benefit or good derived from another person or factor. In the case of life insurance, that is a program in which you pay money to an insurance company in exchange of death benefit (money paid to others once you die), the beneficiary or beneficiaries are those that will receive the money you pay for in your life insurance after you die or in some cases after other circumstances. Due to this, the beneficiaries are often close relatives of the person paying the life insurance. This implies a beneficiary is "The person or group of people who will receive your life insurance money".
B. Where a number of competing investment companies pool their resources.
C. Quite rare in the mutual fund industry.
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ANSWER: To calculate the gross profit for the month of August, Gibson will have to find out the sales in his company. Gibson had a opening stock of 200 units of products valuing $8 per unit. The total value of the stock available at the opening of the month is $8 x 200 units = $1,600. If he uses the average cost method to calculate the inventory cost, he will need the opening stock and the production done in the month of August. This will give him the figure which will show his entire stock which were available for sale in the month.
Let's assume the entire stock produced in the month of August to be 'x', so the total stock available for sale was '$1,600+x'. This amount needs to be subtracted by the closing stock of the month to get the actual value of sales that has happened during the month of August. So, dividing the actual value of sales by the production cost of the sold number of units will give Gibson the gross profit for the month of August.
Final answer:
To calculate gross profit using the average cost method, the average unit cost is calculated when more units are purchased. To work out the cost of goods sold (COGS), this average unit cost is multiplied by the number of units sold. Subtracting COGS from the total revenue gives the gross profit.
Explanation:
It is not possible to provide a precise answer without more details, as the gross profit depends on revenue and cost data that is not provided in the question. However, it is possible to explain the process of determining the gross profit when the company uses the average cost method. First, compute the total inventory cost by multiplying the beginning inventory units by their unit cost. The average unit cost is calculated whenever more units are purchased, by dividing the total cost of all units by the total number of units. Each time a sale occurs, the cost of goods sold (COGS) is computed by multiplying the number of units sold by the average unit cost.
To get gross profit, subtract the cost of goods sold (COGS) from total revenue. The total revenue is the product of the selling price per unit and the number of units sold. Once that is found, it is possible to subtract the cost of goods sold (COGS) from the revenue to identify the gross profit.
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The fixed factory overhead volume variance is $400 (unfavorable)
solution
Fixed Overhead Volume Variance = Applied Fixed Overhead – Budgeted Fixed Overhead
Applied Fixed Overhead= 4,000 units ×2.5 hrs per unit×$0.80 = $8000
and
Budgeted Fixed Overhead =10,500 hrs × $0.80 = $8400
Fixed Overhead Volume Variance = $8000- $8400 = $400 (unfavorable)
a) both the Classical dichotomy and the long-run Phillips curve
b) the Classical dichotomy, but not the long run Phillips curve
c) the long-run Phillips curve, but not the Classical dichotomy
d) neither the long-run Phillips curve nor the Classical dichotomy
Answers
Answer:
The correct answer is d) neither the long-run Phillips curve nor the Classical dichotomy.
Explanation:
The answer that best suits the situation described is the Phillips curve in the short term but not in the long term.
The Phillips curve starts from the principle that the amount of money circulating (commonly called "money supply") has real effects on the economy in the short term. In this way, an increase in the money supply would have a beneficial effect on aggregate demand, as citizens will spend more when their nominal wages are increased (known as “monetary illusion”) and a more favorable framework for investment and investment will be created. that the prospects of rising prices will improve the expectations of corporate profits. The improvement in aggregate demand would result in greater economic growth, and this in turn in the creation of new jobs. This is how an inverse relationship between inflation and unemployment is established, expressed graphically by a downward curve.
Final answer:
The theory of the long-run Phillips Curve, but not the Classical Dichotomy, might imply that the unemployment rate in Flosserland could be above the natural rate due to persistent high inflation.
Explanation:
The correct answer to this question - which posits what would happen if Flosserland has maintained a long term inflation rate of 25% - is (c): the long-run Phillips curve, but not the Classical dichotomy. This conclusion is drawn from understandings of both the Classical Dichotomy and the long-run Phillips Curve.
The Classical Dichotomy is a theoretical construct that assumes a separation between real and nominal variables in an economy, indicating that changes in the money supply only affect nominal variables and wouldn't directly influence real economic factors like unemployment.
Conversely, the long-run Phillips Curve, is vertical suggesting there's no long-run trade-off between unemployment and inflation. In the long-run, changes in the inflation rate would not lead to a change in unemployment from its natural rate. However, if Flosserland has had a long-term high inflation rate, it's possible that expectations have not adapted and therefore unemployment could be above the natural rate. So only the long-run Phillips curve might suggest higher unemployment, but not the Classical dichotomy.
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