Suppose there is a policy debate regarding the United States’ imposing trade restrictions on imported steel rods. Read the following scenario and answer the question that follows.
The president of the United States argues that the United States should threaten to impose a tariff on Chinese steel rods in order to induce the Chinese to remove its tariff on American cars.
Which of the following justifications is the pundit using to argue for the trade restriction on steel rods?
a. National-security argument
b. Infant-industry argument
c. Jobs argument
d. Using-protection-as-a-bargaining-chip argument
e. Unfair-competition argument
Answers
Jobs argument justifications is the pundit using to argue for the trade restriction on steel rods
Explanation:
A main argument often put forward to curb trade would be that trade decreases the amount of jobs domestically available.
The point about maintaining jobs is often put forward by employers to protect union jobs. Nevertheless, unions are undermining the market by prohibiting businesses from receiving their products at lower prices, causing them to increase prices. Moreover, businesses are often discouraged from using automation or robotics to retain jobs, which is ironic because automation and robotics improve the productivity of workers, thereby encouraging companies to pay employee salaries and benefits.
Related Questions
Present value (with changing interest rates). Marty has been offered an injury settlement of $12 comma 000 payable in 3 years. He wants to know what the present value of the injury settlement is if his opportunity cost is 5%. (The opportunity cost is the interest rate in this problem.) What if the opportunity cost is 6.5%? What if it is 11.5%?
Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company’s planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) 350 Revenue ($420.00q) $ 147,000 Expenses: Wages and salaries ($11,500 $130.00q) 57,000 Supplies ($4.00q) 1,400 Equipment rental ($2,200 $25.00q) 10,950 Insurance ($3,900) 3,900 Miscellaneous ($510 $1.44q) 1,014 Total expense 74,264 Net operating income $ 72,736 Required: During May, the company’s actual activity was 340 diving-hours. Compute the flexible budget of activity.
44,000 shares of common stock outstanding at a market price of $32 a share. The common stock will pay a $1.50 annual dividend and has a dividend growth rate of 3.5 percent. There are 7,500 shares of 9% preferred stock outstanding at a market price of $92 a share. The outstanding bonds mature in 11 years, have a total face value of $825,000, a coupon rate of 6.5 percent, a face value per bond of $1,000, and a market price of $989 each. The tax rate is 35 percent. What is the weight of equity in to be use to calculate the firm's WACC?
The top salary you can make.A) CareerB) ProductivityC) Earning potentialD) Human capital
Answers
Answer:
C. Robert is an Alcoholic
Explanation:
Answers
Answer:
September 11 2017
Dr Cash 600
Cr Sales revenue 600
(to record sales revenue on cash)
Dr Cost of good sold 370
Cr Inventory 370
(to record cost of good sold)
Dr Warranty expenses 54
Cr Warranty liabilities 54
(to accrue for warranty liabilities)
Jul 24 2018
Dr Warranty liabilities 42
Cr Inventory 42
(to record warranty services provided which was accrued)
Explanation:
11 Sep 2017:
- As sell of $600 is made on cash with the cost of good sold is $370, we Dr Cash 600 and Dr Cost of good sold 370 to record increase in cash and in Cost of good sold; and Cr Sales 600 and Cr Inventory 370 to record increase in sales and decrease in Inventory delivered.
- Warranty expenses should be recorded at the time to ensure matching of cost and revenue. Warranty expenses is estimated at 9% of sales, so it will be 9% x 600 = $54. Expenses is recorded and liabilities is accrued.
Jul 24 2018:
Warranty liabilities which was accrued actually occurs. So we Dr Liability by the expenses actually incurred and Cr Inventory consumed for the warranty services $42.
Answers
Illegal multilevel marketing gimmick that promises commissions on one's own sales as well as on the sales of recruits called Pyramid scheme.
What is pyramid scheme?
A pyramid scam is an unethical and unreliable investment pitch that depends on guaranteeing irrational profits on fictitious investments. The fact that the early investors receive these substantial returns prompts them to endorse the program to others. Returns to investors are paid from fresh capital coming in. When there are no more investors left, the pyramid eventually falls.
These businesses, sometimes known as pyramid schemes, are prohibited in the United States.
What is multi level Marketing?
Distributors profit from the sale of tangible goods and from commissions on the purchases and sales of the distributors they have recruited through Multi-Level Marketing operations (MLMs), which are respectable business schemes.
Although they sometimes pass for MLMs, pyramid schemes are more concerned with the fees from recruiters than the money from product sales.
To know more about Pyramid Schemes, refer to-
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Answers
Answer:
The answer is "".
Explanation:
You are equivalent investors in 16 percent of a portfolio and 4 percent of a risk-free asset. A weighted mean of these two will become the predicted return.
Answers
Answer:
The advertising business could use Sarah's template and give it to her colleagues and sell it out to everyone.
Explanation:
She can then use the other templates for a later date and make it availbale to her colleagues whenever they need it.
A: creating a custom template
Answers
Answer:
UCLp = 0.157
LCLp = 0
Day:
11 - yes
12 - yes
13 - yes
Explanation:
The upper and lower 3-sigma control chart limits are
UCLp = 0.157
LCLp = 0
Given the limits, is the process in control for the following days?
Day:
11 - yes
12 - yes
13 - yes
Final answer:
The 3-sigma control chart utilizes mean and standard deviation to set the upper and lower limits. The upper limit in this scenario is 19 while the lower limit is 1, consequently, 99.7% of the defects would fall within this range.
Explanation:
The question involves understanding the 3-sigma control chart and setting appropriate limits. The upper control limit (UCL) and lower control limit (LCL) are boundaries in the control chart that you set, based on the standard deviations of the population. Anything beyond these boundaries may be deemed out of the control. Defectives are considered as elements that do not meet specific requirements, and the proportion is calculated based on the total number of observations.
The calculation of UCL and LCL involves determining the mean (µ) and standard deviation (ơ) of the dataset, then calculating upper and lower limits based on the z-score, which is typically ±3 for a 3-sigma control chart. For example, if µ = 10 and ơ = 3, we use the formula x = µ + zơ to get UCL (x₁ = 10 + 3(3) = 19) and the formula x = µ - zơ to get LCL (x₂ = 10 - 3(3) = 1). This means 99.7% of the defects would fall between 1 and 19.
Learn more about Control Chart here:
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