6. Effects of a tariff in a small nation Suppose Jordan is open to free trade in the world market for oranges. Because of Jordan's small size, the demand for and supply of do not affect the world pric

Answers

Answer 1

When a small nation like Jordan imposes a tariff on a particular good, such as oranges, it can have several effects.


1. Increase in domestic price: The tariff will raise the price of imported oranges in Jordan. This is because the tariff is essentially a tax on imported goods, making them more expensive for consumers.

2. Decrease in imports: With the higher price of imported oranges, consumers may choose to buy fewer imported oranges or switch to domestic alternatives. This leads to a decrease in the quantity of imported oranges.

3. Increase in domestic production: The higher price of imported oranges may incentivize domestic producers to increase their production to meet the demand. This can lead to an increase in the quantity of domestically produced oranges.

4. Decrease in consumer surplus: Consumer surplus is the difference between what consumers are willing to pay and what they actually pay for a good. With higher prices due to the tariff, consumer surplus decreases as consumers have to pay more for oranges.

5. Increase in government revenue: The tariff collected by the government becomes a source of revenue. This revenue can be used for various purposes, such as funding public projects or reducing the budget deficit.

It's important to note that the effects of a tariff can be complex and depend on various factors, such as the elasticity of demand and supply, the size of the tariff, and the availability of substitutes.

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Related Questions

What are sets in set A and not in set B and C called?​

Answers

Explanation:

Set Difference: The relative complement or set difference of sets A and B, denoted A – B, is the set of all elements in A that are not in B. ... Then the set difference of A and B would be the $407 remaining in the checking account. Example: Let A = {a, b, c, d} and B = {b, d, e}. Then A – B = {a, c} and B – A = {e}.

Common Symbols Used in Set Theory

Symbols save time and space when writing. Here are the most common set symbols. In the examples C = {1, 2, 3, 4} and D = {3, 4, 5} Symbol. Meaning.

Help me!
Give few examples of resources that are at the risk of depletion.​

Answers

Answer:

There are several types of resource depletion, the most known being: Aquifer depletion, deforestation, mining for fossil fuels and minerals, pollution or contamination of resources, slash-and-burn agricultural practices, Soil erosion, and overconsumption, excessive or unnecessary use of resources.

Aquifer depletion, deforestation, mining for fossil fuels and minerals, pollution or contamination of resources, slash-and-burn farming methods, soil erosion, and overconsumption, excessive or unneeded use of resources are some of the more well-known examples of resource depletion.

What natural resources are at risk of depletion?

Minerals, oil, water, and forests are the resources that are most at risk of being exhausted. The primary driver of deforestation is agriculture, and as food prices rise, more land is being destroyed for crops. Deforestation is a major cause of carbon dioxide emissions, which contribute to global warming.

As of now, there are more than 7 billion people living on Earth, which has resulted in a significant strain on the natural resources that our planet provides due to the ever-increasing demand for these resources. Resource depletion is the correct word to use when the pace of resource use exceeds the rate of resource replenishment. Resource depletion is not a particularly fancy or difficult phrase, but it has been the focus of much research for some time.

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Constructive criticism is offered in a way that encourages growth and learning.”

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Answer: Constructive criticism encourages growth and learning by being positive and encouraging, offering solutions to problems, targeting specific areas for improvement and by being expressed only in private.

Explanation:

Here is the correct question:

Support this statement using complete sentences: “Constructive criticism is offered in a way that encourages growth and learning.”

Constructive criticism is when an individual offers valid opinions about what others have done in a way that doesn't fault the person but rather encourages the person to improve.

The person offered constructive criticism should not be criticised in public but rather praised in public while he or she is then criticised in private. Criticism should be done in a friendly manner and not an unfriendly or aggressive manner.

Compared to tangible resources, intangible resources are: Group of answer choices more likely to be reflected on the firm's balance sheet. a superior source of capabilities. less likely to be the focus of strategic analysis. of less strategic value to the firm.

Answers

When intangible resources are compared to tangible resources, we notice that intangible resources are a superior source of capabilities.

What are intangible resources?

These refer to assets that a company has that are not physical in nature. They are rather based on rights and potential that a company has. Examples include goodwill and patents.

Intangible resources are often a measure of the capabilities of a company. For instance, goodwill shows how much more valuable a company is to investors based on their potential.

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Business optimism about future sales tends to __________ investment expenditures, shifting the _________curve to the __________. * Increase; AD; left Increases; AD: right Decrease; SAS; left Decrease; SAS: right

Answers

Answer:

increase, AD, left  

Explanation:

AD curve is the aggregate demand curve that is represents the demand of all the total quantities of the goods and the services which is demanded by the economy at the different price levels. It is the demand of the total spending of the domestic services and goods of the country.

The business optimism about the future sales tends to increase the investment expenditure and shifts the aggregate demand curve to the left side.

What does it mean to "diversity" your portfolio?
NGPF

Answers

Answer:

It's about to have multiples sources of income. For that, you required to invest in niche business. If one business fail, maybe another be sucesfully.

Explanation:

what is one of the effects that the internet has had on bussiness?

Answers

The advent of the Internet has made the presence of businesses global. ... The communication between customers and businesses increases customer satisfaction and enables businesses to get connected to the customers. The accessibility enables businesses to further expand their service or product, which increases profit.

The federal government is proposing to enforce a minimum living wage

Answers

Employers subject to the FLSA but not to the Puerto Rico Minimum Wage Act are required to pay at least the federal minimum salary of $7.25 per hour.

What do you mean by the minimum wage?

Minimum wages have been defined as the bare minimum of remuneration that an employer is required to pay wage earners for work performed during a given period, and which cannot be reduced by collective bargaining or individual contracts.

The Act's purpose is to make it a violation of the law for an employer to pay workers in certain categories of employment wages that are less than the minimum wage set by notification under the Act.

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Firms that implement a strategy of _____ operate multiple businesses that are not logically associated with one another.
a. unrelated diversification
b. nondiversification
c. single-business unit
d. synergy
e. entropy

Answers

Firms that implement a strategy of unrelated diversification  operate multiple businesses that are not logically associated with one another. Option A is correct answer.

Unrelated diversification. Firms that implement a strategy of unrelated diversification operate multiple businesses that are not logically associated with one another. Unrelated diversification is a corporate-level strategy in which a company operates in several different industries that are not related to one another. The corporation is still in the position of owning all of its assets and resources while operating in various sectors. An unrelated diversification strategy is used by businesses to expand their income stream by investing in unrelated markets or businesses. An example is a company that produces both coffee and bicycles.

Option A is correct answer.

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give short introduction about tourism industry​

Answers

Answer:

Tourism industry is the industry that manages all the resources related to the tourism like hotel management, guides and many more. Tourism industry is very beneficial for the developing countries like Nepal, India and many more. Through it there will be economic development in the country. And from the economical development the citizens of the country can get facilities.

Answer:

Explanation: Tourism is the activities of people traveling to and staying in places outside their usual environment for leisure, business or other purposes for not more than one consecutive year.1.Domestic Tourism -Domestic tourism is the act of travelling for business or leisure within one’s home country2.International tourism-International tourisminvolves tourist who are traveling to different countries.

a $144,000 mortgage has monthly payments for 25 years, at 6.40% interest. how much are the monthly payments?

Answers

The monthly payments for a $144,000 mortgage with 6.40% interest over 25 years are $962.11.

To calculate the monthly payments for a $144,000 mortgage with a 25-year term and a 6.40% interest rate, we'll use the mortgage payment formula:

P = L[r(1 + r)^n] / [(1 + r)^n - 1]

Where:
P = monthly payment
L = loan amount ($144,000)
r = monthly interest rate (6.40% annual rate / 12 months)
n = total number of payments (25 years * 12 months)

First, let's find the monthly interest rate:
r = 6.40% / 12 = 0.064 / 12 = 0.005333

Next, let's find the total number of payments:
n = 25 years * 12 months = 300 payments

Now, we'll plug these values into the formula:

P = $144,000[0.005333(1 + 0.005333)^300] / [(1 + 0.005333)^300 - 1]
P ≈ $962.11

The monthly payment for this mortgage is approximately $962.11.

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Roduction 5,000 units 4,500 units q)what is corporation's net operating income under variable costing in the first year?

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The corporation's net operating income under variable costing in the first year is $50,000.

The net operating income under variable costing in the first year can be calculated by subtracting the variable expenses from the revenues generated. Variable costing is a method of costing where only the variable manufacturing costs are considered as product costs.

To calculate the net operating income under variable costing, we need to know the variable expenses and the revenues generated.

Let's assume that the variable expenses per unit are $10 and the revenues generated per unit are $20.

The total variable expenses for 5,000 units can be calculated by multiplying the variable expenses per unit ($10) by the number of units (5,000). So, the total variable expenses would be $10 * 5,000 = $50,000.

The total revenues generated for 5,000 units can be calculated by multiplying the revenues per unit ($20) by the number of units (5,000). So, the total revenues would be $20 * 5,000 = $100,000.

Now, to calculate the net operating income, we subtract the total variable expenses from the total revenues: $100,000 - $50,000 = $50,000.

Therefore, the corporation's net operating income under variable costing in the first year is $50,000.

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PLEASE HURRYYYY THIS IS DUE RIGHT NOW 20 POINTS
Please select the word from the list that best fits the definition Fossil fuels are the only cause of global warming. Absolute or Qualified?

Answers

Answer:

absolute

Explanation:

cause oils from mine feilds an certain refreshners cause global warming

Answer:

Absolute

Explanation:

when considering price, it is not necessary to consider the importance of the competitor’s price. T/F

Answers

False. It is important to consider the competitor’s price when setting a price for your product or service.

Understanding the market and knowing what competitors charge can help you set a competitive price that will attract customers.

When setting a price for your product or service, it is important to consider the competitor’s price. Knowing what the competitors are charging can help you set a price that is competitive and attractive to customers.

This helps ensure that you are not overcharging or undercharging, which can damage your reputation and drive away potential customers. Understanding the market and competitor prices can also help you maximize your profits.

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Payroll deductions are the same for all employees.

Answers

Answer:

no it depends the age and how good u are at your job.

Explanation:

Select the education or qualification that is best demonstrated in each example.

Harsha comes up with ideas for ways to improve a software application.

Bill can stay focused for long periods of time while working alone.

Edith has a four-year college degree in computer science.

Tawana is an expert in writing code for websites.

Answers

Answer:

So it should be:

creativity

independence

a bachelor's degree

knowledge of programming languages

Explanation:

is this correct?

1. Harsha's ability to generate ideas for improving a software application suggests that they possess strong creativity and problem-solving skills.

What does qualification describe?

The term "qualification" typically refers to a person's education, training, skills, or experience that make them suitable or eligible for a particular job, role, or task. Qualifications can be formal, such as degrees, certifications, or licenses, or they can be informal, such as skills learned through on-the-job experience or self-study.

Qualifications may also refer to specific requirements that must be met in order to obtain a particular position or achieve a certain level of recognition or accreditation.

Here are some education or qualification that is best demonstrated in each example:

2. Bill's ability to maintain focus for extended periods of time while working independently demonstrates good concentration and discipline.

3. Edith's four-year college degree in computer science demonstrates that she has completed a formal education in the field of computer science and likely has a broad understanding of various topics within the discipline.

4. Tawana's expertise in writing code for websites suggests that she has developed specialized knowledge and skills in this area through training and experience.

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joe has cash in a savings account totaling $7,500, and his monthly expenses are $2,500. what is his emergency fund ratio?

Answers

Based on the information given his emergency fund ratio is 3.

Using this formula

Emergency fund ratio=Amount saved/Monthly expenses

Where:

Amount saved=$7,500

Monthly expenses=$2,500

Let plug in the formula

Emergency fund ratio=$7,500/$2,500

Emergency fund ratio=3

Inconclusion  his emergency fund ratio is 3.

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Research simply involves reading about a subject.
- True
✅False

Research simply involves reading about a subject. - True False

Answers

Answer:

Its false

Explanation:

you got it right

conflicts between two mutually exclusive projects occasionally occur, where the npv method ranks one project higher but the irr method puts the other one first. in theory, such conflicts should be resolved in favor of the project with the higher npv. t or f

Answers

Theoretically, these disputes ought to be settled in favor of the project with the larger NPV. The given statement is True. 

Define an NPV.

A set of cash flows is said to have a net present value or net present worth if they occur at diverse times. The present value of a cash flow depends on how long it will be before it occurs. Another element is the discount rate. The temporal value of money is considered by NPV.

Using the internal rate of return is one method of calculating the rate of return on an investment. The formula is "internal" because it does not account for external factors like the risk-free rate, inflation, the cost of capital, or financial risk. Applications of the method can be either ex-post or ex-ante.

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assume the beta for the stock market in general is 1.0 and the beta for world-wide television productions is 2.4. if the stock market increases in value by 10 percent, what is the expected increase in value for the world-wide productions stock? group of answer choices 14 percent 48 percent 24 percent 20 percent 12 percent

Answers

24 percent, Assume that World-Wide Television Productions' beta is 2.4 and that the beta for the stock market as a whole is 1.0. The predicted rise in value for the World-Wide Productions shares is 24% if the stock market appreciates by 10%.

Consider the stock market as a network of stock exchanges where investors and traders may buy and sell shares of publicly listed corporations. This is a simple way to think about the stock market. A procedure known as an initial public offering allows private firms to list shares of their stock on a market (IPO). The investment includes real-time trading of the stocks of the firms, making it also referred to as a "stock market." Primary and secondary stock markets are two different categories. Please be aware that it only deals in shares, whereas the stock market deals in bonds, derivatives, and foreign exchange, and that both markets operate in different ways.

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what are you all doing for hoolween this year?

Answers

Answer: I’m having a Halloween party with my parents and family because you know ya girl ain’t trying to get sick

Explanation:

In its first year of existence (year 1), Willow Corp. (a C corporation) reports a loss for tax purposes of $50,000. In year 2 it reports a $40,000 loss. For year 3, it reports taxable income from operations of $100,000 before any loss carryovers. How much tax will Willow Corp. pay in year 3, what is its NOL carryover to year 4, and when will the NOL expire under the following assumptions? (New Corporate income tax rate has been mentioned as '21% on all taxable income' as per the recent change.)
a. Year 1 is 2017
William Corp. tax liability in year 3
William Corp. NOL Carryover to year 4
b. Year 1 is 2018
William Corp. Tax Liability in year 3
William Corp. NOL carryover to year 4

Answers

To calculate the tax paid in year 3, we need to consider the NOL (Net Operating Loss) carryovers from previous years. NOLs allow businesses to offset their taxable income with losses from prior years. The recent change in the corporate income tax rate to 21% will also be taken into account.

Willow Corp. will pay $2,100 in taxes for year 3.

Given the information provided, let's calculate the tax paid in year 3, the NOL carryover to year 4, and the expiration of the NOL:

Taxable income in year 3 before considering NOL carryovers: $100,000

NOL carryover from year 1: $50,000

NOL carryover from year 2: $40,000

Total NOL carryover: $50,000 + $40,000 = $90,000

Taxable income after deducting NOL carryovers: $100,000 - $90,000 = $10,000

Tax owed on the taxable income in year 3: $10,000 x 21% = $2,100

Therefore, Willow Corp. will pay $2,100 in taxes for year 3.

As for the NOL carryover to year 4, since the full NOL of $90,000 was not utilized in year 3, the remaining amount will be carried forward:

NOL carryover to year 4: $90,000.

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Question 17 of 20
Trey's bank raises the interest rate on his line of credit without providing an
explanation. Which consumer protection law has his bank violated?

Answers

Trey's bank raises the interest rate on his line of credit without providing an

explanation. The consumer protection law that his bank violated is: "The Truth in Lending Act of 1968".

What are consumer protection laws?

The Truth in Lending Act of 1968 is a federal law in the United States aiming to encourage the informed use of consumer credit by requiring disclosures about its terms and prices to standardize the method in which borrowing expenses are computed and communicated.

Consumer protection laws protect consumers from faulty products and deceptive or fraudulent company activities.

It is to be noted that in the United States, a range of federal and state laws govern consumer affairs. The Federal Food, Drug, and Cosmetic Act, the Fair Debt Collection Practices Act, the Fair Credit Reporting Act, the Truth in Lending Act, the Fair Credit Billing Act, and the Gramm-Leach-Bliley Act are a few examples.

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Answer:

Credit Card Accountability, Responsability, and Disclosure Act

Explanation:

why is cooperative skill important in good trade? give the reasons..​

Answers

Answer:

Team cooperation encourages employees to work together for the benefit of the organization. It reduces the desire of employees to complete against each other,which often never good for the business,and instead focus on working together to achieve a common goal.

Which of the following test is BEST to use in assessing a patient's balance impairment who is s/p L TKR x 3 months ago and plans to return to work as a construction worker?
a. Dynamic Gait Index
b. TUG
c. 6 Minute Walk Test
d.10 Meter Walk Test

A functional assessment tool that can be repeated with consistency by multiple testers is considered to have good what?
a. Face validity
b. Construct validity
c. Inter-rater reliability
d. Intra-rater reliability
e. Test-retest reliability

Answers

The best test to assess a patient's balance impairment after a total knee replacement and planning to return to work as a construction worker would be the a) Dynamic Gait Index.

A functional assessment tool that can be repeated with consistency by multiple testers is considered to have good c) inter-rater reliability.

The best test to assess a patient's balance impairment after a total knee replacement and planning to return to work as a construction worker would be the Dynamic Gait Index (option a).

The Dynamic Gait Index evaluates various aspects of balance during walking, including turning, stepping over obstacles, and changing speeds. It is specifically designed to assess balance and mobility in individuals with lower extremity pathology and is relevant to the patient's work requirements as a construction worker.

A functional assessment tool that can be repeated with consistency by multiple testers is considered to have good inter-rater reliability (option c). Inter-rater reliability refers to the extent to which different testers, who are evaluating the same patient using the same assessment tool, produce similar results.

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Use Aw analysis to find the best alternative for your company starting one of the following projects. Your company MARR is \( 9.1 \% \). Draw the cashflow diagram."

Answers

The project with the highest positive AW, considering the MARR (Minimum Acceptable Rate of Return) of 9.1%, will be the recommended choice.

The AW method calculates the present value of the net cash inflows and outflows over the project's lifespan, considering the MARR. The project with the highest positive AW is deemed the most favorable choice. To conduct the analysis, the cashflow diagram will be drawn, illustrating the timing and magnitude of cash inflows and outflows for each project.

By evaluating the AW of each alternative, we can determine the project that generates the highest positive value, indicating greater profitability and meeting the company's return expectations. The MARR of 9.1% is used as the discount rate to determine the present value of cashflows. The project with the highest positive AW, considering the cash inflows and outflows and discounting them appropriately, will be recommended as the best alternative for your company.

A cashflow diagram will be drawn to visualize the cash inflows and outflows over the project's duration, aiding in the analysis.

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 Use Aw analysis to find the best alternative for your company starting one of the following projects.

Doug offers to sell a computer router to Eve, but it is stolen before Eve accepts. Doug:

a. is not required to obtain a similar item for Eve, because it could take an unreasonable period of time to obtain a replacement.
b. is not required to obtain a similar item for Eve, because the theft of the original router terminated the offer.
c. must obtain a similar item for Eve, if Eve offers to pay before delivery.
d. must obtain a similar item for Eve, if Doug tells Eve that he accepts the offer.

Answers

Answer:

The answer is B

Explanation:

Since its been stolen he can't offer her anything anymore based on that transaction

Which of the following choices incur speculative risk?

a.stocks

b.fire insurance on a house

c.options

d.life insurance


e.high interest savings account

Answers

Answer: correct option is A.

Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.

Stocks incur speculative risk. Therefore option A is correct.

What are Stocks?

A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.

Common stock and preferred stock are the two primary categories of stocks.

Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.

Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.

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Assuming that the long-run demand for oranges is the same as the short-run demand, you would expect a binding price ceiling to result in a:.

Answers

If the long-run demand for oranges is the same as the short-run demand, a binding price ceiling will result in a shortage that is larger in the long run than in the short run.

What is a binding price ceiling?

A binding price ceiling is when the government or an agency of the government sets the maximum price for a product below the the equilibrium price.

In the long run, as a result of the binding price ceiling, there would be a decrease in the supply of oranges. If the demand in the long run and short run is the same, there would be a shortage.

Here is the complete question:

Because it takes many years before newly planted orange trees bear fruit, the supply curve in the short run is almost vertical. In the long run, farmers can decide whether to plant oranges on their land, to plant something else, or to sell their land altogether. Therefore, the long-run supply of oranges is much more price sensitive than the short-run supply of oranges.

Assuming that the long-run demand for oranges is the same as the short-run demand, you would expect a binding price ceiling to result in a:.

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To positively stimulate an economy using fiscal policy, government spending should ______, and taxes should ______.

Answers

Answer:
rise;fall

Explanation:

The government might issue tax stimulus rebates to increase aggregate demand and fuel economic growth. The logic behind this approach is that when people pay lower taxes, they have more money to spend or invest, which fuels higher demand.

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