Explain what import tariffs are, why a government uses this form
of taxation and what is the intended outcome. Discuss who pays the
tariff, who gets the money and how does this affect trade between
th
Answers
Import tariffs are taxes imposed by a government on imported goods. They are used as a form of taxation to protect domestic industries, regulate trade, and generate revenue for the government. The intended outcome of import tariffs is to increase the price of imported goods, making them less competitive compared to domestic products.
When a government imposes an import tariff, it is usually the importing company or entity that pays the tariff. The importing company is responsible for paying the additional tax when bringing the goods into the country. However, this cost is often passed on to the consumers in the form of higher prices for imported goods.
The revenue collected from import tariffs goes to the government. It can be used to fund various government programs, infrastructure development, or offset budget deficits. The government has the discretion to allocate the revenue as deemed necessary.
Import tariffs affect trade between countries by altering the cost competitiveness of imported goods. By raising the price of imported products, tariffs make domestic goods relatively more affordable and competitive. This can lead to an increase in demand for domestic products and support the growth of domestic industries. However, it also makes imported goods more expensive for consumers, potentially reducing choices and increasing costs.
Import tariffs can have broader implications on international trade relationships. They may provoke retaliatory actions from trading partners, leading to trade disputes and trade wars. Tariffs can also disrupt global supply chains and hinder economic integration and cooperation.
Overall, the use of import tariffs by a government aims to protect domestic industries, regulate trade flows, and generate revenue. However, the impact and effectiveness of tariffs depend on various factors, including the specific industry, international trade dynamics, and the response of trading partners.
Learn more about import tariffs and their impact on international trade and economic policies here:
brainly.com/question/23035999
#SPJ11
Complete Question- Explain what import tariffs are, why a government uses this form of taxation and what is the intended outcome. Discuss who pays the tariff, who gets the money and how does this affect trade between the two countries. In your opinion, are tariffs effective?
Related Questions
here's a easy career question
Answers
The answer is A) adjunct
Hope this helps :)
Most entrepreneurs have similar characteristics, true or false?
Answers
Answer:
true
Explanation:
I entreprent for my mom lol
Question 6 of 10
3 Points
A body of the letter is composed of the:
Answers
Answer:
Introduction
The body of the letter is usually divided into the three paragraphs (one is the introduction, then supporting details, then conclusion of topic).
A guidance counselor is:
o a. someone who works with students with disabilities.
o b. someone who oversees a student's academic progress.
o c. someone who oversees high school operations.
o d. someone who teaches classes and monitors hallways.
Answers
A guidance counselor is a person who works in the schools and check with the student's academic progress.
Who is a guidance counselor? Discuss his responsibilities?A guidance counselor are the certified professionals who are employed in the schools and different institutions.
They helps the students by giving them advise and consultancy about their career and academic growth.
They basically assess the student's ability and provides them with personal counselling.
Learn more about the guidance counselor here:-
https://brainly.com/question/2469840
#SPJ1
Imagine that you are an economic policymaker for a small developing nation. Use what you have learned about public policy, entrepreneurship, and microenterprise to craft a proposal for legislation that will support and sustain youth entrepreneurship. In particular, consider policies and programs that will encourage young people to start small businesses that are both economically and socially beneficial.
Answers
A young mind is very inventive in its thinking. The youngsters is intelligent its well in technology. Everyone is concerned with developing their careers, making good money, and living happy lives.
What is a policymaker's function?A political leader is a person who develops concepts and strategies, particularly those used by an organization or a government. The President, a school administration, a bank's board members, and a mayor are all examples of policy makers. These plans that a firm or government adheres to are thought to as policy.
What is definition of policymaker ?Someone who makes decisions about new policies, particularly in a political or political party: US policymakers are compelled to make challenging decisions.
To know more about Policymaker visit :
https://brainly.com/question/14171518
#SPJ1
suppose had a cash balance of on , . what is the maximum amount of cash dividends the company can declare? 's maximum cash dividends
Answers
To determine the maximum amount of cash dividends that a company can declare, there are several factors to consider. First, the company must ensure that it has enough cash on hand to cover its operating expenses and investments. Second, the company must consider any debt obligations that it has and ensure that it can continue to meet these obligations. Finally, the company must ensure that it is maintaining a healthy level of retained earnings to reinvest in the business.
Assuming that the company has taken all of these factors into account, the maximum amount of cash dividends that it can declare would be equal to its available cash balance. This means that if the company has a cash balance of $100,000, for example, it could declare up to $100,000 in cash dividends.
However, it is important to note that just because a company can declare a certain amount of cash dividends, it does not necessarily mean that it should. The company must balance the needs of its shareholders with the long-term health and growth of the business.
To determine the maximum amount of cash dividends a company can declare, you need to know the company's cash balance. Unfortunately, the provided information is incomplete. Please provide the company's cash balance and any other relevant details. Once you provide this information, I can help you calculate the maximum cash dividends the company can declare.
To know more about cash dividends visit
https://brainly.com/question/13535979
#SPJ11
Alias Shipping negotiate the purchase of trucks with a supplier of delivery vehicles. Alias sets it's is reservation price at 1,750,000, 000. The supplier will not sell the vehicle for less than 2,250,000 what is the ZOPA?
Answers
Answer:
There is no ZOPA.
Explanation:
ZOPA here refers to the price range that is agreeable by parties to an ongoing deal, in which both negotiating parties feel satisfied.
Note that, it is possible for there to be no ZOPA when the lowest possible price by the seller is far greater than the price offered by the buyer.
In this case Alias Shipping the buyer has a reservation price that is very much lower than that of the seller thus leading to no ZOPA.
Imagine that you are a manager in a restaurant. Each month you have to purchase supplies for the restaurant. A meat supplier offers you a kickback of 10% if you purchase meat from him, even though his prices are slightly higher than the competitors. What would you do? Why?
Answers
Answer:
i would say that his prices were a little high and ask for 20% off if he cant give that off then i would just say okay. why? because that's the plight thing to do.
Explanation:
hope this help.
brainiest please
Answer:
I hope this helps :)
Explanation:
Well I feel like I would purchase the meat based on quality. Of course it's going to cost me more, but you can't go wrong with better product. If the other places are selling meat for less, but the quality is bad what's the point. I definatly would choose quality over quanity when it comes to the purchase of meat.
internet search engines use ________ to show the appropriate results.
Answers
Internet search engines use heuristics to show the appropriate results.
Heuristics are put in place to ensure that the result gotten is very fast and
efficient.
Heuristics acts as a short-cut and by-pass longer processes so as to ensure
searched questions or items come up very fast and at the same time are very appropriate.
They contain the required keywords in the item and bring up all the available
result which have the keywords.
Read more on https://brainly.com/question/25284865
A European car company is trying to decide if they should manufacture their vehicles for the US market in Europe, or in the United States. Please do the calculations that will help this company come to a decision.Sale price of vehicle in the United States - $35,500Cost to manufacture the car in Europe, deliver and import to US: 20,000 EurosCost to import the vehicle into the United States $4,500Cost to manufacture the vehicles in the United States - $28,500Suppose the exchange rate is near 1 Euro = $1.30. What would be the profit for the European car company (in Euros) if they manufactured their car in Europe? Remember, they have to pay the import tax.
Answers
The profit for the European car company if they manufacture their car in Europe would be $7,000.
If the European car company decides to manufacture their vehicles in Europe and import them to the US, they will need to pay 20,000 Euros for manufacturing and delivery costs.
At an exchange rate of 1 Euro = $1.30, this is equivalent to $26,000. They will also need to pay $4,500 for import taxes.So, the total cost of manufacturing and importing the car to the US from Europe would be $35,500 ($26,000 + $4,500). This is the same as the sale price of the vehicle in the US.
Therefore, if the European car company decides to manufacture their vehicles in Europe and import them to the US, they will break even but will not make a profit.
On the other hand, if they manufacture the vehicles in the United States, the cost to manufacture the car will be $28,500, which is cheaper than the cost to manufacture the car in Europe and import it to the US.
Therefore, based on these calculations, it would be more profitable for the European car company to manufacture their vehicles in the United States rather than in Europe and import them to the US.
Read more about "Exchange rate"; https://brainly.com/question/2202418
#SPJ11
Fresh Veggies, Incorporated (FVI), purchases land and a warehouse for $530,000. In addition to the purchase price, FVI makes the following expenditures related to the acquisition: broker's commission, $33,000; title insurance, $2,300; and miscellaneous closing costs, $6,600. The warehouse is immediately demolished at a cost of $33,000 in anticipation of building a new warehouse. Determine the cost of the land and record the purchase (assuming cash was paid for all expenditures). (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. )
Answers
The cost of the land is $605,900, and the journal entry to record the purchase is a debit to the Land account and a credit to the Cash account for $605,900.
To determine the cost of the land and record the purchase for Fresh Veggies, Incorporated (FVI), you need to follow these steps:
1. Identify all the costs associated with the land purchase, including the purchase price, broker's commission, title insurance, and miscellaneous closing costs.
2. Allocate the costs between the land and the warehouse based on their relative fair market values.
3. Demolish the warehouse and account for the demolition cost.
4. Record the journal entries for each transaction.
Step 1: Determine the costs associated with the land purchase.
Purchase price: $530,000
Broker's commission: $33,000
Title insurance: $2,300
Miscellaneous closing costs: $6,600
Step 2: Allocate costs between land and warehouse.
The warehouse was immediately demolished, so its value is considered to be $0. The entire cost of $530,000 is allocated to the land.
Step 3: Account for demolition cost.
Demolition cost: $33,000
The cost of the demolition is added to the cost of the land since it was necessary to prepare the land for the new warehouse.
Step 4: Record the journal entries for each transaction.
Land Account:
Debit: $530,000 (purchase price) + $33,000 (broker's commission) + $2,300 (title insurance) + $6,600 (miscellaneous closing costs) + $33,000 (demolition cost) = $605,900
Cash Account:
Credit: $605,900
Journal Entry:
Land (Debit) - $605,900
Cash (Credit) - $605,900
In summary, the cost of the land is $605,900, and the journal entry to record the purchase is a debit to the Land account and a credit to the Cash account for $605,900.
To know more about journal entry refer here:
https://brainly.com/question/29314309#
#SPJ11
At which point in the accounting cycle should an accountant prepare a trial
balance?
A. Just before preparing financial statements
OB. At any point he or she chooses
OC. At the end of the cycle only
D. At the beginning of the cycle only
Answers
At the end of the cycle only in the accounting cycle should an accountant prepare a trial balance. The correct option is C.
Why do accountants prepare a trial balance?A trial balance's purpose is to ensure that all entries made to an organization's general ledger are properly balanced. Each general ledger account's ending balance is listed in a trial balance. Each accounting entry's total dollar amount of debits and credits is supposed to match.
The trial balance is created after all transactions in the ledger accounts have been recorded. All ledger account balances to the credit and debit sides are recorded in the trial balance. It is typically prepared at the end of the fiscal year, prior to the preparation of final accounts.
Thus, the ideal selection is option C.
Learn more about a trial balance here:
https://brainly.com/question/15059786
#SPJ1
In a budget, the purchase of a computer, printers, and cameras would fall into which of the following cost categories
Answers
The purchase of a computer, printers, and cameras would fall into the category of capital expenditures in a budget.
Capital expenditures refer to investments in long-term assets that provide future benefits to a business or organization. These assets are typically durable and have a useful life of more than one year. Computers, printers, and cameras are considered capital assets because they are essential tools for business operations and are expected to last for a significant period of time.
When creating a budget, it is important to categorize expenses appropriately to track and manage spending. Capital expenditures are typically budgeted separately from other types of expenses, such as operational expenses or recurring costs. This is because capital expenditures involve larger one-time investments that have a long-term impact on the organization's finances.
Therefore, when planning a budget, the purchase of a computer, printers, and cameras would fall into the category of capital expenditures. It is important to consider these expenses separately and allocate funds accordingly to ensure the organization has the necessary resources to invest in these long-term assets.
To know more about Capital expenditures visit:
https://brainly.com/question/32154085
#SPJ11
Please hurry!! Imagine that you have been approved to participate in a cooperative education program. In two or three sentences, indicate where you would like to work and describe what you hope to learn from your job placement there. Be sure to include three to five specific examples of what you would hope to learn.
Answers
Answer:
Answer:
A response might look similar to what is below.
Explanation:
I would like to work in an elementary school. I would hope to learn what is to be taught and how it is to be taught. I hope to learn about the expectations for student learning and also the expectations of a classroom teacher. I also would like to learn the type of education I need to become an elementary school teacher.
and hiring managers are the gatekeepers of the hiring process and, in the best-case scenario, work closely as partners. a. recruiters b. chief executive officers c. strategists d. trainers
Answers
recruiters and hiring managers are the gatekeepers of the hiring process and work closely as partners. The Correct option is A.
What is recruitment?Recruitment is the process of finding and attracting candidates who may be interested in the company's open job positions. Recruiters are responsible for developing job descriptions, advertising job openings, and seeking out potential candidates who might be a good match for the company.
They are also responsible for screening resumes, interviewing candidates, and recommending candidates for further interviews or job offers.
What is the role of hiring managers?Hiring managers are responsible for evaluating candidates and making final hiring decisions. They work closely with recruiters to identify the necessary skills, experience, and qualifications needed for the job, and may participate in interviews or assess the candidate's skills through other methods.
In the best-case scenario, recruiters and hiring managers work closely as partners to ensure that the hiring process runs smoothly and that the company is able to attract and hire the best candidates for their open positions.
To know more about Hiring managers, refer here:
https://brainly.com/question/29898563#
#SPJ11
Complete question:
______ and hiring managers are the gatekeepers of the hiring process and, ... the best-case scenario, work closely as partners.
a. recruiters
b. chief executive officers
c. strategists
d. trainers
Dinah just got a new credit card that offers an introductory apr of 7. 2% for the first 3 months and a standard apr of 19. 2% thereafter. If interest is compounded monthly, what is the periodic interest rate during the first 3 months?.
Answers
Just on apex 0.6% is the periodic interest rate during the first 3 months.( The cost a customer pays a lender to borrow money over a period of time, expressed as a percentage of the loan amount.)
What is the interest rate short definition?
The interest rate is the amount that the lender charges the borrower, which is the principal - a percentage of the loan amount. Interest rates on loans are usually quoted at an annual rate known as the annual rate (APR).
What's the interest rate example?
For example, if you borrow $100 at an interest rate of 5%, you will return $105 to the lender who borrowed the money. The lender makes him $5 in profit. There are many different types of interests that you may encounter in your life. Each loan has its own interest rate, which determines how much you actually borrow.
To know more about Interest Rate visit here:
https://brainly.com/question/30259728
#SPJ4
Answer:
0.6%
Explanation:
I just got it right
The elements of products that may be changed to meet customer needs are features, usage, and _______. a. qualityb.promotionc.protectiond.production
Answers
The elements of products that may be changed to meet customer needs are features, usage, and C. protection. It is because the market taste is change in the periodic time based on their necessary.
In the term of economic market and also business, The changes in consumer taste generally can be defined as an increase in e-commerce as well as more demand for sustainable and inclusive products. The change in the economic market is the impact of the emergence of Gen-Z who cares more about the environment and social issues, businesses with a vision aligned with them will benefit greatly. The change in the watch market is significant because the market tastes will continue to change, whether by changing in the features, usage, or also protection.
Here you can learn more about change in market taste https://brainly.com/question/28633615
#SPJ4
please help me i reallu need your help
Answers
Explanation:
Answer:
what's the question??
..................._.....................
Which form does a person complete to demonstrate his or her legal ability to work and pay taxes on income?
A. W-2
B. I-9
C. 1040
D. W-4
Need fast I’ll give brain..
Answers
Answer:
I-9
Explanation:
A P E X
A person complete to demonstrate his or her legal ability to work and pay taxes on income with the help of I-9 form.
What is I-9 form?I-9 form is a form that is used by the employers. This can use I-9 to check who is permitted to work in the United States.
Every new employee employed after November 6, 1986, must fill out a Form I-9. With the use of the I-9 form, a person can demonstrate his or her legal ability to work and pay income taxes.
Therefore, option B is correct.
Learn more about the form, refer to:
https://brainly.com/question/10268767
#SPJ2
Managers wants to develop an organizational culture that aligns with the firm’s mission and profit margin.
True or false
Answers
According to the research, the correct answer is True. The statement "Managers want to develop an organizational culture that aligns with the firm's mission and profit margin" is true.
What are Managers?It is the person whose job is to coordinate or direct a company or a sector of it, guides the effective management of people and organizational effectiveness.
In this sense, he is dedicated to the coordination and supervision of the actions carried out by other people, ensuring that the work carried out by the personnel under his charge is in tune with the objectives of the company and its organizational culture.
Therefore, we can conclude that according to the research, a manager plans and directs the plans and procedures in the organizational culture.
Learn more about management here: https://brainly.com/question/28535677
#SPJ1
Discuss the role of the father in attachment theory
Answers
Explanation:
Both parents are considered attachment figures in attachment theory, and the child-father attachment is autonomous from the child-mother attachment. Whereas mothers are commonly involved in caregiving and providing emotional refuge, fathers are particularly involved in play and exploratory undertakings.
Multiple select
the two most important factors for clients seeking an external marketing research firm are
and
(select all that apply.)
honesty
flexibility
proven track record
client confidentiality
Answers
The two most important factors for clients seeking an external marketing research firm are proven track record and client confidentiality.
When selecting an external marketing research firm, clients typically prioritize a proven track record. They seek a firm that has a demonstrated history of delivering reliable and accurate research results. This factor provides assurance that the firm has the expertise, experience, and resources to conduct effective market research.
Client confidentiality is another crucial factor. Clients want to ensure that their proprietary information, sensitive data, and research findings will be treated with the utmost confidentiality and will not be disclosed to unauthorized parties. Trust and confidentiality are essential in maintaining a strong client-firm relationship and protecting the client's business interests.
While honesty and flexibility can also be important considerations, the question asks for the two most important factors, and in this case, proven track record and client confidentiality take precedence.
Read more about external marketing
brainly.com/question/14018373
#SPJ11
The type of cover letter written to inquire about possible job openings: a. Networking letter b. Prospecting letter c. Application letter d. Follow up letter Please select the best answer from the choices provided A B C D
Answers
The type of cover letter written to inquire about possible job openings: b. Prospecting letter.
What is prospecting letter?Prospecting letter can be defined as the type of cover letter writing by a prospective applicant to a company or human resources manager so as to inquire about a job opening.
The applicant tend to include the the following in the cover letter:
QualificationSkillsExperience Why he/her is suitable for the job and what he/she can offerWhy the applicant should be invited for an interview Why he/her should be given the jobInconclusion the type of cover letter written to inquire about possible job openings: b. Prospecting letter.
Learn more about prospecting letter here:https://brainly.com/question/3602860
Answer:
b.
Prospecting letter
Explanation:
i took the test
What three factors that had a negative impact on the financial performances of unibic in its early years?
Answers
Answer:
Price of unibic, preference for other glucose biscuits, and inadequate marketing and branding campaigns had a negative impact on the financial performances of unibic in its early years
Explanation:
The three factors that negatively impacted the financial performances of unibic in its early years were as follows
a) The price of Unibic cookies was higher as compare to its other competitors.
b) During those days, glucose biscuits were preferred as compared to bakery cookies of Unibic
c) Packaging, branding and marketing not as per the public requirement
Whats the number to 911?
Answers
i dont know, it could really be any thing tbh
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called Group of answer choices auditing. economics. finance. accounting.
Answers
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called accounting.
Accounting is a fundamental process in business and financial management. It involves systematically recording financial transactions, classifying them into appropriate categories, and summarizing the information to create financial statements such as the income statement, balance sheet, and cash flow statement. These financial statements provide a snapshot of a company's financial performance, position, and cash flows, enabling decision-makers to analyze and make informed decisions about the organization's operations, investments, and financial strategies.
While auditing, economics, and finance are related disciplines, each has its own distinct focus. Auditing involves examining and evaluating financial records and statements to ensure accuracy, compliance, and reliability. Economics studies the production, distribution, and consumption of goods and services within an economy. Finance, on the other hand, focuses on managing financial resources, investments, and the financial aspects of decision making. However, accounting serves as the foundation for providing the necessary financial information in these areas.
learn more about "economic ":- https://brainly.com/question/17996535
#SPJ11
For example, the sticky-wage theory asserts that output prices adjust more quickly to changes in the price level than wages do, in part because of long-term wage contracts. Suppose a firm signs a contract agreeing to pay its workers $15 per hour for the next year, based on an expected price level of 100. If the actual price level turns out to be 110, the firm's output prices will
Answers
Answer:
The firm's output prices will increase, because will the firm can quickly adjusts the prices of goods to the new price level of 110, it will not have to do so with wages, since wages are fixed by a year contract.
This will result in comparatively lower labor costs with higher prices at the same time, which will likely result in more economic and accounting profit for the firm.
The opposite effect will be felt by workers, whose wage is not keeping up with inflation, meaning that their income is losing purchasing power.
Question 1 of 10
The primary remedy for a tort is
A. monetary compensation
B. imprisonment
C. arrest
D. defamation
Answers
Answer:
A. monetary compensation
Explanation:
The main remedy against tortious loss is compensation in damages or money. In a limited range of cases, tort law will tolerate self-help, such as reasonable force to expel a trespasser. This is a defense against the tort of battery.
Hope this helped!!!!
Spartan Sportswear's current assets consist of cash, short-term investments, accounts receivable, and inventory. The following data were abstracted from a recent financial statement:
Inventory $ 210,000
Total assets $ 780,000
Current ratio 2. 90
Acid-test ratio 1. 50
Debt to equity ratio 1. 40
Required:
Compute the long-term liabilities for Spartan:
long term liabilities:
Answers
we don't have the total equity information provided in the question. Therefore, we cannot calculate the long-term liabilities without this information.
To compute the long-term liabilities for Spartan Sportswear, we need to use the given information and formulas.
First, let's calculate the total current assets by multiplying the current ratio by the total current liabilities.
Since the current ratio is 2.90, we can set up the equation as follows:
Current Assets = Current Ratio * Current Liabilities
To find the current liabilities, we need to compute the total current assets.
Since the current assets consist of cash, short-term investments, accounts receivable, and inventory, we can subtract the inventory from the total assets to get the current liabilities:
Current Liabilities = Total Assets - Inventory
Given that the inventory is $210,000 and the total assets are $780,000, we can substitute these values into the equation to find the current liabilities:
Current Liabilities = $780,000 - $210,000
Current Liabilities = $570,000
Now that we have the current liabilities, we can calculate the total current assets:
Current Assets = 2.90 * $570,000
Current Assets = $1,653,000
Next, we need to calculate the quick assets (also known as the acid-test ratio) using the formula:
Quick Assets = Current Assets - Inventory
Given that the quick assets ratio is 1.50, we can set up the equation and solve for quick assets:
Quick Assets = 1.50 * Inventory
Quick Assets = 1.50 * $210,000
Quick Assets = $315,000
Finally, we can calculate the long-term liabilities using the debt to equity ratio formula:
Debt to Equity Ratio = Total Liabilities / Total Equity
Since the debt to equity ratio is 1.40, we can rearrange the formula to solve for total liabilities:
Total Liabilities = Debt to Equity Ratio * Total Equity
to know more about liabilities visit:
https://brainly.com/question/15006644
#SPJ11
Type the correct answer in the box. Spell all words correctly.
Who prohibits unethical advertisements?
The blank , established in 1914, protects against false advertising and unfair business practices such as giving misleading information.
Answers
Answer:
1940
Explanation:
If not any one can please help me
Answer:
Federal Trade Commission
Explanation: