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Ksju [112]
1 year ago
8

A political pundit argues that the government should impose a tariff on tires because they are a necessary input into the produc

tion of various weapons. Free trade, she contends, would make the United States overly dependent on foreign countries for the supply of tires and thus, in case of war, unable to make enough weapons to defend itself.
Which of the following justifications is the pundit using to argue for the trade restriction on tires?

National-security argument

Jobs argument

Infant-industry argument

Using-protection-as-a-bargaining-chip argument

Unfair-competition argument
Business
1 answer:
valentina_108 [34]1 year ago
7 0

Answer:

The correct answer is letter "A": National-security argument.

Explanation:

The National-security argument is a point of view that promotes the imposition of quotas and tariffs on imports related to national security in an attempt to boost domestic production on the same items. This situation will cause that in front of war the country will produce its own supplies to meet effectively its demand instead of relying on other countries to provide them with those goods. Most protectionist countries tend to support this idea.

You might be interested in
On January 1, Boston Company completed the following transactions (use a 7% annual interest rate for all transactions): (FV of $
kodGreya [7K]

Answer:

This question is incomplete, here's the remaining part to complete the question:

1. In transaction (a), determine the present value of the debt.

2-a. In transaction (b), what single sum amount must the company deposit on January 1,?

2-b. What is the total amount of interest revenue that will be earned?

3. In transaction (c), determine the present value of this obligation.

4-a. In transaction (d), what is the amount of each of the equal annual payments that will be paid on the note?

4-b. What is the total amount of interest expense that will be incurred?

Explanation:

a) A sum of $6,000 is to be paid at the end of each year for 7 years and the principal amount $115,000 to be paid at the end of 7th year.

PV=$6,000/(1+0.07)^1 + $6,000/(1+0.07)^2 +$6,000/(1+0.07)^3 +$6,000/(1+0.07)^4 +$6,000/(1+0.07)^5 +$6,000/(1+0.07)^6 +$6,000/(1+0.07)^7 +$115,000/(1+0.07)^7

PV=$5,607.47 + $5,240.63 + $4,897.78 + $4,577.37 + $4,277.91 + $3,998.05 + $3,736.49 + $71,616.22

PV=$103,951.92

b) Let the single sum that will grow to $490,000 at 7% interest per annum at the end of 8 years be X

FV=PV(1+i)^n

$490,000 = X(1+0.07)^8

Thus,

X= $490,000/(1.07)^8

X = $490,000/1.7182

X = $285,182

Thhus, a single sum of $285,182 needs to be deposited for 8 years at 7% interest p.a.

The total amount of interest revenue is ($490,000-$285,182) = $204,818

c) PV = $75,000/(1.07)^1 + $112,500/(1.07)^2 + 150,000/(1.07)^3

PV = $70,093.45 + $98,261.85 + $122,444.68

= $290,800

FV =$75,000*(1.07)^1 + $112,500*(1.07)^2 + 150,000*(1.07)^3

= $80,250 + $85,867 + $91,878

= $257,995

d) The cost of the machine is $170,000. Immediate cash paid $34,000. Loan Amount is ($170,000-$34,000)=$136,000

The PVA factor at 7% p.a compounded annually for 5 years is 4.1002

Thus, the PMT = 136,000/4.1002

= $33,169

Thus, the amount of each annual payment is $33,169 for 5 years.

The total amount to be paid is ($34,000+$33,169*5)

=$34,000+$165845

=$199845

The interest expense is ($199845 - $170,000)

= $29,845

6 0
2 years ago
Which of the following is an example of a non-penalized religious observance?
tamaranim1 [39]

The correct answer would be option C.

Allowing employees to pray during work time.

Explanation:

Non penalized religious observance means, If someone practice his or her religion during the work hours, as it is compulsory in his/her religion to do so, at the place where he works.

So companies allow employees to pray during work hours which will be a non penalized religious observance for the employees.

For example, If there is a Muslim who works in an organization which is owned by the people of other religion, and if he offers his prayers during his work hours, then the company will respect his offerings and won't charge or penalize him on the observance of his religion during the office timings.

Learn more about Religious observance at:

brainly.com/question/2887557

#LearnWithBrainly

6 0
2 years ago
he kinds of money Personal possession of currency is prohibited in U.S. prisons, although, in practice, prisoners still exchange
riadik2000 [5.3K]

Answer:

A) One important difference between using cigarettes and using dollars as money is that cigarettes have intrinsic value.

B) U.S. dollars are an example of fiat money.

Explanation:

Prisioners had two uses for cigarettes: they could use them as a medium of exchange, thus acted as money, and they could use cigarettes to smoke. Therefore the intrinsic value of cigarettes would be the tobbacco which is used to smoke, as opposed to U.S. dollars where its intrinsic value is just the paper or metal if it were a coin.

U.S. dollars are an example of fiat money because it's a currency that has been established as legal tender by the U.S. Government, but it has no intrinsic value of its own.

3 0
2 years ago
Record the journal entry for each transaction below. Reference each transaction by date:
lidiya [134]

Answer:

Ona Cloud Corporation (OCC)

Journal Entries:

a. September 1:

Establishment of Ona Cloud Corporation.

b. September 1:

Debit Cash Account $15,000

Credit Common Stock $15,000

To record the common stock contributed by Pat Hopkins.

c. September 8:

Debit Cash Account $23,000

Credit Notes Payable $23,000

To record the bank loan payable in two years' time.

d. September 10:

Debit Equipment $20,500

Credit Cash Account $20,500

To record the purchase of computer equipment.

e. September 15:

Debit Supplies $1,650

Credit Accounts Payable $1,650

To record the purchase of supplies on account.

e. September 16:

Debit Rent Expense $2,250

Credit Cash Account $2,250

To record the payment for September rent.

e. September 22;

Debit Cash $7,500

Debit Accounts Receivable $2,750

Credit Service Revenue $10,250

To record the provision of services through September 22.

f. September 28:

Debit Utilities Expense $325

Credit Cash Account $325

To record payment for internet and phone service for the month.

g. September 29:

Debit Wages Expense $5,650

Credit Cash Account $5,650

To record the payment of wages for the month.

i. September 30:

Debit Utilities Expense $730

Credit Utilities Payable $730

To accrue unpaid electric utilities bill for the month.

Explanation:

Ona uses the general journal to record its business transactions initially as they occur from one day to another.  Journal entries identify the accounts involved in each transaction.  It records the account to be debited and the account to be credited in the general ledger.

7 0
1 year ago
Sage, Inc. has 20 employees who each earn $100 per day and are paid every Friday. The end of the accounting period is on a Wedne
WARRIOR [948]

Answer:

D) $6,000.

Explanation:

Number of Employees = 20 employees

Earning per day = $100 per day

Total Earning per day = 20 x $100 = $2,000 per day

It is assumed that weekend days are off days and not being paid.

Week days Spent upto last day after payment = Wednesday - Last Monday

Week days Spent upto last day after payment = 3 days

Accrued Expense at the end of accounting period = 3 days x $2,000 per day = $6,000

5 0
1 year ago
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