Why does protectionism cause a deadweight loss in trade?

Answers

Answer 1

There is deadweight loss since consumers lose more as a result of protectionism than producers do. Additionally, since redistributions brought on by tariffs frequently result in vested interests, harm frequently continues.

Explain the role of Protectionism for domestic firms?

Government measures that impede international trade in order to support home sectors are referred to as protectionism. However, they can also be introduced due to safety or quality concerns. Protectionist policies are typically implemented to increase economic activity within a home economy. Specific limitations on international trade are imposed by protectionist policies in order to boost domestic economies. Although protectionist policies frequently aim to boost economic activity, they can also be the consequence of worries about safety or quality. Economists and decision-makers disagree on the merits of protectionism. A government can impose protectionist policies through a variety of measures, including tariffs, import quotas, product standards, and subsidies.

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Related Questions

Sasha owns a business which produces office furniture. She employs 100 workers in the operations department and 15 workers in the office. Sasha believe on a democratic leadership style. Sasha says that being a good manager is very important to the success of the business. Very few workers leaves each year. Sasha sees no need for any of her workers to join a trade union.
1) Outline Two roles/functions sasha undertakes as the manager of the
business.(4)
2) Explain two reasons why having good managers is important to this
business. (6)
3) Do you think Sasha is right to say that her workers do not need to join a trade union? Justify you answer. (6)

Answers

As per the given statement:

First:

Examining the company's budgets and finding the most profitable business.The promotion and employment of new managers for the organization.

Second:

The business is running smoothly.They frequently collaborate with influential investors.

Third:

In this case, I believe Sasha is correct.What is the function of such an operations department?

An operations department guarantees that the production process is accomplished from beginning to end. These manufacturing methods must be consistent with the aims and functions of those other departments within a corporation.

1). Two roles/functions Sasha undertakes as the manager of the business.

1. As the owner, one of Sasha's primary responsibilities is to analyze the company's budgets and determine whether or not it is profitable. Another task for Sasha is to oversee the promotion and hiring of new managers for the organization. Sasha must be certain that those directly below her are capable of completing their jobs appropriately.

2). The two reasons why having good managers is important to this business.

2. Having strong managers is vital for a business for two reasons: (1) they are in responsible of ensuring that everything in the firm functions properly, and (2) they frequently work with major clients whose money the company will undoubtedly require.

3). I think Sasha is right to say that her workers do not need to join a trade union.

3. In this circumstance, I believe Sasha is correct in stating that her employees do not need to join a trade union. Sasha's company is handled in a democratic manner, which means her employees have a lot of say in company decisions. Joining a union isn't essential when employees already have so much power within the organization.

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What role do principles and values play in understanding who owns the intellectual property that emerges in the workplace?

Answers

Principles and values play a crucial role in understanding who owns the intellectual property that emerges in the workplace. These principles and values help to determine what is ethical and fair when it comes to ownership of intellectual property.

For instance, one principle could be the principle of meritocracy, which states that the person who creates the intellectual property should own it because they put in the effort and creativity to create it. It is important to understand the principles and values that are in place in the workplace in order to determine the ownership of intellectual property.

If the principle of meritocracy is in place, then the person who created the intellectual property would be considered the owner. However, if the value of teamwork and collaboration is in place, then the ownership would be shared among the team or the company as a whole.

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Suppose the manager of a store wants to know whether the product of the store across the street is a substitute for her product. In other words, she would need to know if the cross-price elasticity of demand for the products _____.
A)is positive
B)is negative
C)is unity
D)is zero
E)is infinite

Answers

Answer:

A) is positive.

Explanation:

A substitute product can be defined as a product that a consumer sees as an alternative to another product and as such would offer similar benefits or satisfaction to the consumer.

Suppose the manager of a store wants to know whether the product of the store across the street is a substitute for her product. In other words, she would need to know if the cross-price elasticity of demand for the products is positive.

A cross-price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to the change in price of a related product, all things being equal.

For substitute products (goods), the cross-price elasticity of demand is always positive because the demand of a product increases when the price of its close substitute (alternative) increases.

Which posits that the state should let the market operate more or less freely?

Answers

The term that posits that the state should let the market operate more or less freely is called laissez-faire.

Laissez-faire economics is a type of economic system in which the state does not interfere with the free market and allows businesses to operate without regulations or oversight. In this system, the market is believed to be self-regulating and will naturally lead to the most efficient allocation of resources.

The laissez-faire approach is often associated with classical liberalism and is still used as a guiding principle by some economists today. However, critics argue that it can lead to economic inequality and instability, as well as environmental damage.

In short, laissez-faire is a type of economic system that advocates for minimal state intervention in the market, leaving it to operate freely.

This approach is often associated with classical liberalism and is still used as a guiding principle by some economists today. However, it has its fair share of critics who argue that it can lead to economic inequality and instability, as well as environmental damage.

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Can someone PLEASE PLEASE HELP ME WITH THIS!!!!!

Can someone PLEASE PLEASE HELP ME WITH THIS!!!!!

Answers

Answer:

1. Consumer.

2. Producer.

3. Transportation.

4. Marketing.

5. Harvesting.

6. Processing.

7. Retail/food service.

Explanation:

Food supply continuum can be defined as a cycle of how livestock (animal products) moves from the producer to the consumers. The main goal of the food supply continuum is to safely provide quality animal products to the consumers.

Basically, the seven (7) steps or segments in the food supply continuum include the following;

1. The segment which is responsible for safe handling of the animal product (beef, pork, lamb) in their homes is the consumer.

2. The producer is responsible for raising a healthy animal.

3. The segment which carries the animal from the farm to the market is transportation.

4. The segment which sells the animal to the packer is marketing.

5. The segment which harvests the animal is harvesting. It involves the slaughtering of the animal.

6. The segment which processes the carcasses into retail cuts is processing.

7. The segment which involves a negotiator is the retail/food service.

how long does it take for tax refund to show in bank account after approved

Answers

Answer:

Assuming no issues, IRS issues tax refunds in less than 21 calendar days after IRS receives the tax return. IRS has an on-line tool, "Where's My Tax Refund", at www.irs.gov that will provide the status of a tax refund using the taxpayer's SSN, filing status, and refund amount.

Explanation:

What’s the answer???

Whats the answer???

Answers

Answer:

The answer is false

Explanation:

If the company f used 7% ROR for loans, 9% ROR for bonds, and 14% ROR for stocks, and also used a 50% tax rate, what is the WACC? Enter the answer as a percentage. For example 12.34% is 12.34. Keep 2 decimal places and do not enter the % symbol.

Answers

The WACC (Weighted Average Cost of Capital) for the company is 10%. This is calculated by taking the weighted average of the costs of loans, bonds, and stocks based on their respective weights.

In this case, assuming equal weights, the WACC is determined as the average of 7%, 9%, and 14%. The WACC is a crucial metric used to assess the minimum return required by the company to meet its financing obligations and evaluate investment opportunities. It represents the blended cost of all capital sources and serves as a benchmark for investment decision-making.

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A local business provides carrier training for young adults entering the workers directly from high school. Which economic question has the business answered by focusing on recent high school graduation?

Answers

For whom to produce, is the economic question that the local business answered by focusing on recent high school graduation.

A business is deemed local business if it sells products or offers services to residents in the area. A local business, sometimes referred to as "brick and mortar," might be locally owned or a corporate entity with several sites operating in a particular locality. local businesses are corporations, partnerships, or sole proprietorships with fewer workers and/or lower yearly income than an average-sized local business or corporation in the community. Students who work in local businesses tend to bounce back from setbacks more easily and have a thirst for creativity and the determination to aim high. Student entrepreneurs will be a significant addition to their local businesses and the world at large thanks to the local business skills that are unavoidable in this day and age.

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What should you not do during a hostage rescue attempt?

Answers

Answer:

1) Remain still and low to the ground. 2) Encourage others around you to remain calm.

I D K

Explanation:

Avoid attempting to negotiate or offer advice. Hostage takers occasionally force hostages to make requests. If this occurs, say what they want you to say, avoid making your hostage captors angry, and avoid attempting to play the hero.

What do you mean by Hostage?

A person who has been forcibly and illegally taken prisoner is known as a hostage. The hostage-takers seek to make claims against other parties, which is why they are keeping, and occasionally even threatening, the captive. It is against the law to take hostages.

Hostage killing was listed as a war crime in the International Military Tribunal Statute on August 8, 1945.

The execution of hostages by German troops in the occupied territories was categorized as clearly excessive due to their excessive tendencies war crimes an in the trial against the generals in south-eastern Europe.

The court described the shooting of hostages as barbaric but legal reprisals under international law. The Geneva Convention for the Protection of Civilian Persons in Time of War of 1949.

People have historically been held as hostages and forced to live there by the opposing party to enforce a contract.

They were frequently the sons of honorable tributary state representatives, who were frequently treated with respect and raised in the host nation. Attila and Theodoric the Great are two prominent examples.

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who were some of the people aboard the titanic during its maiden voyage?

Answers

Captain Edward J. Smith, Commodore White Star Line.
Mr. Fredrick Fleet (lookout).
Crewmen- (saved)
Mr Walter J Williams, Mr Jacob W Gibbons, Mr James F Avery.

Decreasing accounts payable turnover by delaying payments to suppliers is most likely to cause cash flow from operating activities to: increase. decrease. O remain unchanged.

Answers

delaying payments to suppliers and decreasing accounts payable turnover is likely to cause cash flow from operating activities to increase.

Effect of delayed payments on cash flow?

Decreasing accounts payable turnover by delaying payments to suppliers is most likely to cause cash flow from operating activities to increase.

Accounts payable turnover is a financial ratio that measures the efficiency with which a company pays its suppliers. It is calculated by dividing the total purchases made during a period by the average accounts payable during that period. A higher accounts payable turnover indicates that a company is paying its suppliers quickly, whereas a lower turnover indicates that the company is taking longer to pay its suppliers.

By delaying payments to suppliers, the accounts payable turnover ratio decreases because the average accounts payable balance increases. This means that the company is taking longer to pay its suppliers, which results in a lower turnover ratio.

When the accounts payable turnover decreases, it means that the company is holding onto its cash for a longer period, effectively extending its payment terms. This can lead to an increase in cash flow from operating activities because the company has more cash on hand that can be used for other purposes, such as investments, debt repayment, or working capital needs.

Therefore, delaying payments to suppliers and decreasing accounts payable turnover is likely to cause cash flow from operating activities to increase.

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gertrude quit her $40,000- per- year job to start her own own consulting firm. she withdrew her savings of $50,000 which was earning her an interest of $2000 in the bank and invested in her own consulting firm. at the end of her first year of operation, her total revenues were $208,000. her total explicit costs were $108,000. how much are her accounting profits from her own consulting firm? group of answer choices $30,000 $100,000 $50,000 $48,000

Answers

Gertrude's accounting profits from her consulting firm are $100,000, calculated by subtracting explicit costs ($108,000) from total revenues ($208,000).

To calculate Gertrude's accounting profits, we need to subtract her explicit costs from her total revenues.

Total revenues = $208,000

Explicit costs = $108,000

Accounting profits = Total revenues - Explicit costs

= $208,000 - $108,000

= $100,000

Hence, Gertrude's accounting profits from her own consulting firm are $100,000.

Therefore, Gertrude's decision to start her own consulting firm has resulted in a positive accounting profit of $100,000. This indicates that her firm's revenues from consulting services exceed the explicit costs incurred in running the business.

It is important to note that accounting profits do not take into account implicit costs, such as the opportunity cost of Gertrude quitting her job and the foregone interest income from her savings. However, based on the given information, her accounting profits alone amount to $100,000. Hence, Gertrude's accounting profits from her own consulting firm are $100,000.

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which activity is a consumer most likely perform?

Answers

Answer:

what are the options? consumers usually ask too many questions.

Explanation:

Select the correct answer from each drop-down menu.
What does a personal budget do?
A personal budget provides a ( salary slip, detailed account, summary)
of income and expenses for a (monthly,given,yearly)
period.

Answers

Answer:

A personal budget provides a detailed account of income and expenses for a period.

Explanation:

A personal budget is a plan of how one intends to spend their income.  It shows the source of income and the total on one side. The expenses are listed on a different side. Each expenditure item is listed and its estimated amount is indicated. The total of all incomes and expenses is shown on their respective sides.

A personal budget may be prepared for a regular income say monthly, weekly, or quarterly payments. It can also be prepared for irregular incomes such as loans, gifts, or bonuses.

Answer:

A personal budget provides a Summary of income and expenses for a

Given period

Explanation:

got it right on the test for edmentum.

Research some examples of organizations that experienced bad publicity and how they dealt with it. Write a paper detailing your findings.

Answers

Answer:

did you finish it cuase i got the same one

Explanation:

Admit the error, apologize, and present a solution if you or your company is receiving negative press as a result of anything you did incorrectly. Negative publicity won't disappear if you ignore it.

What do you mean by Negative publicity?

When damaging material is revealed, negative PR or publicity can take many different forms in company and can impact everything from sales to your reputation.

Various forms of unfavorable PR for your company could include: negative coverage of your business in the media, online, in publications, or on television.

In particular, we contend that by raising product awareness, unfavorable publicity might boost sales and purchase likelihood.

Negative publicity should therefore affect products differently depending on whether they are recognized or unknown. This viewpoint is supported by three investigations.

Your brand's reputation can be severely damaged in a matter of minutes by false information, negative reviews, and nasty social media remarks. Even worse, rumors spread swiftly and negatively impact the reputation of your company.

Negative publicity can have a significant impact on how potential customers see your brand. When customers publicly disparage a company, product, or service, this is known as bad publicity.

Bad publicity includes posting or publishing negative evaluations on websites, review pages, and social media accounts.

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(I don't need this answered, I just wanted to put the correct answers out there for other users)

Drag the tiles to the correct box.
Match the credit types to the examples.

Secured Credit - home payments
Installment Credit - student loan
Unsecured Credit - credit card

Hope this helps! :) #platofam

Answers

Answer: The person who made the question is correct.

Secured Credit - home payments

Installment Credit - student loan

Unsecured Credit - credit card

What is secured credit?

A sort of credit card known as a secured credit card is one that the cardholder backs with a cash deposit. This deposit serves as account collateral, giving the card issuer protection in the event that the cardholder is unable to make payments. With a secured credit card, the sum of the deposit you make becomes the credit limit on your card.

Subprime borrowers, or those with weak or scant credit histories (sometimes known as "thin-file borrowers"), are frequently given secured credit cards. Secured credit cards can aid borrowers in raising their credit scores because the card issuer will report on them to credit reporting bureaus.

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Which of the following savings options pays an interest rate that changes with the market rate of interest?

Savings Account

Certificate of Deposit

U.S. Savings Bond

Money Market Account

Answers


I am pretty sure that the answer is the money market account

Pls I need help asap
Fill in the blanks by using the word Elastic or Inelastic. If there are many producers supply is likely to be _________________ , and if there are few producers supply is likely to be _______________________ . Durable and storable goods like cars have an _______________ supply while perishable goods like flowers have a ____________________ supply

Answers

Answer:

First, elastic

second inelastic

third, elastic

fourth, inelastic

Answer:

Explanation:

If a change in the price of a product significantly influences the supply and demand, it is considered “elastic.” Likewise, if a change in product price does not significantly change the supply and demand, it is considered “inelastic.” For elastic demand, when the price of a product increases the demand goes down.

how to figure out if a comapny is a monopoly an oligopoly monopolistically competitve or perfectly competitive

Answers

In a monopolistic market, there is only one company that has complete market dominance and sets the prices and levels of supply for goods and services whereas a perfectly competitive market is made up of numerous firms.

Companies are price makers in a monopolistic market because they set the prices for goods and services. Prices for goods and services are typically high in this type of market because businesses enjoy complete market dominance.

Buyers are aware of the nature of the goods being offered and the prices each firm charges, and the industry is characterized by freedom of entry and departure. In a completely competitive market, all firms sell the same product and are price takers.

The market is dominated by a small number of large suppliers in an oligopoly. Other less significant suppliers with a minor fraction of the oligopoly market share are possible. Oligopoly may stock, produce, or differentiate identical or similar goods.

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in traditional costing, some manufacturing costs may be excluded from product costs.

Answers

In traditional costing, some manufacturing costs may be excluded from product costs. The main reason behind this is the inability of traditional costing systems to allocate certain indirect manufacturing expenses to individual products accurately.

Traditional costing assigns direct costs like materials and labor to products but assigns indirect costs to products using predetermined overhead rates. This method often results in some manufacturing costs being excluded from the product cost. For instance, costs of certain factory utilities like maintenance of the plant and security are shared by all products, and it becomes difficult to attribute them to individual products in a reasonable way, so they get excluded from the product cost. On the other hand, activity-based costing (ABC) is a more accurate method of assigning manufacturing costs to products. It takes into account all manufacturing expenses, including indirect costs, and assigns them to products using the activities involved in manufacturing. This method helps to avoid the exclusion of manufacturing costs from product costs and provides a more accurate picture of the product cost.

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A campus has a policy that requires all chalkings to be removed each friday by designated staff. Is this policy content-neutral?.

Answers

Yes, A campus has a policy that requires all chalkings to be removed each Friday by designated staff shows that the institution respects shared values, free speech and the free exchange of ideas.

What is content-neutral policy?

Content neutral laws are those that apply to all expressions regardless of their substance or message. In contrast to content-based laws, which regulate speech based on content, such laws generally regulate only the time, place, and manner of speech.

Thus, Yes, A campus has a policy that requires all chalkings to be removed each Friday by designated staff shows that the institution respects shared values, free speech, and the free exchange of ideas.

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What are customer needs?

Answers

Answer:

A customer need is a need that motivates a customer to purchase a product or service. 

list six aids to trade​

Answers

- Insurance
- Advertising
- Tourism
- Banking
- Regional Trade Agreements
- Communication

true or false losing inventory for the year ended 31 August 2018 will be closing inventory for the year ended 31 August 2019

Answers

true because they closed

cash receipts journals​

Answers

Answer: theyre handy!

Answer:

cool lol

Explanation:

long-tail media are characterized by which of the following? a. a high number of goods b. a low cost of reaching markets c. ease of finding obscure products d. all of the above

Answers

Long-tail media is characterized by all of the above options: a high number of goods, a low cost of reaching markets, and ease of finding obscure products.

Long-tail media refers to a business model that focuses on offering a large number of niche products or content with limited individual demand but significant overall demand. It stands in contrast to the traditional "hit-driven" model that emphasizes popular mainstream products. In long-tail media, there is a vast selection of goods available, catering to diverse and specific interests, preferences, and needs.

Furthermore, long-tail media benefits from a low cost of reaching markets. Digital platforms and online marketplaces enable businesses to distribute and promote niche products or content efficiently and at a relatively low cost compared to traditional physical distribution channels.

Additionally, long-tail media facilitates ease of finding obscure products. Online platforms and search algorithms make it easier for consumers to discover and access niche or specialized items that might be challenging to find in traditional brick-and-mortar stores. These platforms provide recommendations, filters, and personalized suggestions, enhancing the discovery process for customers.

In summary, long-tail media is characterized by a high number of goods, a low cost of reaching markets, and ease of finding obscure products. This model enables businesses to cater to niche markets, offer a diverse range of products, and leverage digital platforms to reach and engage with their target audience more effectively.

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4 of 40if your driver license and license plate(s) are suspended (the first time) for not having insurance under the no-fault law, you will have to pay and show proof of current insurance to get them back.$450$250$350$150

Answers

If a driver's license and license plate(s) are suspended for the first time due to not having insurance under the no-fault law, the driver will need to pay a fee of $150 and show proof of current insurance to get them back.

This fee is stated in the Michigan no-fault law and is required for reinstatement of both the driver's license and license plates. The law is in place to encourage drivers to have insurance, as it is required by law to drive in Michigan. The fee must be paid within 14 days of the suspension notice, or the driver will face additional fees and consequences.

It is important to have car insurance to avoid these fees and to ensure that you are protected in the event of an accident.

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Suppose a tax of $1 per unit is imposed on a good. The more elastic the supply of the good, other things equal, the.

Answers

Suppose a tax of $1 per unit is imposed on a good. The more elastic the supply of the good, other things equal, the the larger is the deadweight loss of the tax.

What Is a deadweight loss of taxation?

The measurement of loss brought on by the introduction of a new tax is referred to as the deadweight loss of taxation. This is the outcome of a new tax that is higher than what is typically paid to the taxing body of the government. A tax's impact on consumer surplus is known as "deadweight loss."

The amount of money the government makes when a tax is imposed on a good is exactly equal to the surplus that the tax causes to be lost by consumers and producers. A deadweight loss occurs when supply and demand are out of balance, leading to market inefficiencies. Deadweight losses are generally caused by an inefficient resource allocation that is brought about by a variety of interventions, including price floors, ceilings, monopolies, and taxes.

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The complete question is:

Suppose a tax of $1 per unit is imposed on a good. The more elastic the supply of the good, other things equal:

a. the smaller is the response of quantity supplied to the tax.

b. the larger is the tax burden on sellers relative to the tax burden on buyers.

c. the larger is the deadweight loss of the tax.

d. All of the above are correct

focus has a minimum required rate of return of 9%. it is considering investing in a project that costs $210,000 and is expected to generate net income of $54,000 and cash inflows of $84,000 at the end of each year for three years. the net present value of this project is

Answers

The net present value of this project is  $4,340.

Thus, the correct option is C.

What is net present value?

NPV is used to evaluate the profitability of a planned investment or project in capital budgeting and investment planning.

A set of cash flows that happen at various dates are considered to have a net present value or net present worth.

The amount of time between now and a cash flow determines the present value of that cash flow. The discount rate is another factor.

Net present value is the difference between the current worth of cash inflows and outflows over time (NPV).

NPV takes time value of money into account.

9% is the necessary rate of return.

Cost = $350,000

$140,000 in annual cash inflows

n = 3

The present value of the annuity at the intersection of 9% and 3 years, which is 2.531, is taken from the table.

Determine the inflows' current value:

Present value = Annuity, PVIFA = 140 000, 2.531, $354 340.

Calculate the net present value (NPV): NPV = sum of discounted future cashflows (initial cost = 354,340; 350,000 = $4,340);

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