BUSINESS HIGH SCHOOL

Travelers between Canada and the United States pay ____, which are fees charged by one country on goods they bring from the other country. A)exports . B)tariffs . C)imports . D)customs .

Answers

Answer 1
Answer:

D. Customs, would be the answer

Answer 2
Answer:

That wound be B.Tariffs.

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True or False: Purchasing savings can have a huge impact on the firm's profit leverage.
How is the labor market like other markets?

Net worth is the amount you owe creditors.
a. True
b. False

Answers

Answer:

False

Explanation:

Net worth is the amount money from the assets you own minus your debts.

Classify the following goods according to whether or not they would be included in calculating the GDP for the United States. All goods should be placed. If a country is not specified, you can assume the action is performed in the United States.1. Honda's assembly and sale of cars in the U.S. 2. Sale of wheat to Mrs. Baird's Bakery 3. Resale of used textbooks to college students 4. GM's assembly and sale of cars in Mexico 5. Ocean Spray purchases plastic to make bottles 6. Old Navy purchases mannequins to display clothes

Answers

Answer:

we will classify them in the explanation below.

Explanation:

To be included in calculating US GDP                                    

  • Honda's assembly and sale of cars in the US: this is because the cars were produced domestically in the US
  • Old Navy purchases mannequins to display clothes: this is because the mannequins were already finished products when they were bought.

Not to be included in calculating US GDP

  • Sale of wheat to Mrs. Baird's Bakery: this is because the wheat was not exchanged at the market, but rather will be used in the bakery.
  • Resale of used textbooks to college students: this is because only newly produced goods are included in GDP calculation.
  • GM's assembly and sale of cars Mexico: this will be added to Mexico's GDP and America's GNP.
  • Ocean Spray purchase of plastic to make bottles: this is because the value of the plastic will be reflected in the price paid by the consumer after the bottle has been made.

Can I get some help with these questions?1. The country has entered a period of economic growth, but prices are rising too rapidly. To stabilize prices, the Federal Reserve decides to

A) decrease the federal funds rate
B) decrease the reserve requirement
C) raise the discount rate
D) buy more government securities

2. Mark washes his jeans and finds that the $20 bill that was in his pocket is in four pieces. He takes the four pieces to the bank and receives a nice crisp $20 bill. What function of money does this illustrate?

A) Measure of value
B) Medium of exchange
C) Divisibility
D) Store of value

3.A free trade agreement lowers restrictions on trucking across International borders. Which of the following would be a negative externality for the local environment?

A) Higher costs for domestic goods
B) fewer imports of renewable resources
C) more water consumption
D) an increase in air pollution

Answers

The right answer for the question that is being asked and shown above is that: "D) buy more government securities." 

The right answer for the question that is being asked and shown above is that: "B) Medium of exchange." 

The right answer for the question that is being asked and shown above is that: "B) fewer imports of renewable resources"

In which of the following situations will total revenue increase? A. price elasticity of demand is 1.2 and the price of the good decreases
B. price elasticity of demand is 3.0 and the price of the good decreases
C. price elasticity of demand is 0.5 and the price of the good increases
D. all of the above

Answers

Answer:

Option D

All of the above

Explanation:

Price elasticity of demand is given as

Price elasticity of demand = % change in quantity demanded/ % change in price.

Change in quantity demanded will definitely lead to an increase in total revenue. Hence the formula can be revised to become:

Change in quantity demanded = Price elasticity of demand X % Change in price

Option A : If Price elasticity of demand is 1.2 and the price of the good decreases.

This will cause an increase in total revenue since we will be dividing by a reducing denominator

Option B: price elasticity of demand is 3.0 and the price of the good decreases:

This will cause an increase in total revenue since we will be dividing by a reducing denominator

Option C: price elasticity of demand is 0.5 and the price of the good increases:

This is a case of inelastic demand since price elasticity is < 1. In inelastic demand, the price of the good does not affect the change in demand significantly. This is the case of essential goods. Hence, the total revenue will still increase.

Answer:

A. price elasticity of demand is 1.2 and the price of the good decreases

Explanation:

Price elasticity of demand refers to the relationship change that occurs in the price for goods and the quantity demanded, the relationship change have an impact the business total revenue.

Revenue is the amount of money a business firm make from the sales of goods and services, it is the total number of units sold multiplied by the price per unit, and as the price or the quantity sold changes, the revenue also changes. Total revenue is the amount or price of an item multiplied by the number of units sold.

When demand is elastic at a given price level, the firm cut its price, this is because the percentage decrease in price will result in an even larger percentage increase in the quantity sold, therefore raising the total revenue.

Changes that are occurs are:

if the Price elasticity of demand is inelastic i.e less than 1 and a firm increases its price, the total revenue increases.

if the Price elasticity of demand is elastic i.e greater than 1 and a firm decreses its price, the  total revenue increases.

if the Price elasticity of demand  is elastic i.e greater than 1, and a firm increases its price,  the total revenue decreases.

In an acquisition the firm being purchased is the and the firm which is purchasing the other firm is the

Answers

In an acquisition, the firm being purchased is the target firm, and the firm which is purchasing the other firm is the acquiring firm. 

Analyze how taxes or emissions standards could reduce the economic inefficiency that arises in a competitive market with a negative externality.

Answers

Let's analyze in the case of manufacturer's emission that cause polution

Usually, these pollution-producing companies are regulated to pay several amount of money in order to rehabilitate the environment that caused by their harmful material.

This is really inefficient , if they have to repair it, why allow them to destroy the environment in the first place ?

That's how emission standards could reduce the inefficiency
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