All categories

2 years ago

Over time, the average consumer will be better off from reduced trade barriers by ________.

Business

1 answer:

AVprozaik [17]2 years ago

6 0

Answer:

a. greater variety and lower prices

Explanation:

Due to the comparative advantages, countries can produce the product that they have proficiency. For example, if there are 2 countries, A and B. A have a skill of producing tasty wine, they can produce better quality of wine than B with the lower cost. When the trade barriers are reduced, the wine from A will be sold in B, the customer will have more choices of wine in the market and the price will relatively less different comparing to the price when the high barriers exist.

You might be interested in

Plz, help ASAP!!!!!!!!!!!!!!!!!!!!!

Art [367]

Answer:

The statement which is false is that the person will get the form in the mail few months back before file the taxes.

Explanation:

W- 4 form is the Employee’s Withholding Certificate, it is that certificate which is filled when they start a new job, it is used to determine the how much amount of withhold from the gross income or wages of the employee for the federal income tax.

This form contains the contact information and the Social Security number, claim dependents and the filing status. It is fill it out when the person first start the job.

3 0

2 years ago

In China during the 1950s, a group of collective farms, each of which contained more than 30,000 people who lived and worked tog

finlep [7]

Answer:

A commune.

Explanation:

A commune can be understood as a group of people who live together in the same environment and share their duties and responsibilities with one another. They are considered as sharing some mutual interest that helps in the survival of each member of that particular surrounding or environment. Similarly, in China during the 1950s, a group of collective farms, each of which contained more than 30000 people who lived and worked together was regarded as a commune.

7 0

2 years ago

On October 1, 2016, Adams Company paid $4,200 for a two-year insurance policy with the insurance coverage beginning on that date

rjkz [21]

Answer:

d. Prepaid insurance $3,675, and Insurance expense $525.

Explanation:

Preparation of the journal entry to determine which of the following account balances are correct after adjusting entries have been made

Based on the information given the account balances that are correct after adjusting entries have been made will be PREPAID INSURANCE $3,675, and INSURANCE EXPENSE $525.

First step is to calculate the amount the company pay per month

Amount pay per month=$4,200/24 months

Amount pay per month = $175 per month

Last step

Since Three months have been used which are October, November, and December which means that $175 per month × 3 months = $525 which will be recorded as INSURANCE EXPENSE while the balance in PREPAID INSURANCE will be $4,200 - $525 = $3,675

5 0

2 years ago

Sheen Co. manufacturers laser printers. It has outlined the following overhead cost drivers: Overhead Costs PoolCost DriverOverh

andriy [413]

Answer:

Total allocated costs= $53,070

Explanation:

<u>First, we need to calculate the allocation rates using the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Quality control= 77,000 / 1,100 = $70 per inspection

Machine operation= 153,000 / 1,500 = $102 per machine hour

Materials handling= 1,200 / 30 = $40 per batch

Miscellaneous overhead cost= 57,000 / 5,700= $10 per labor hour

<u>Now, we can allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Quality control= 70*295= 20,650

Machine operation= 102*240= 24,480

Materials handling= 40*6= 240

Miscellaneous overhead cost= 10*770= 7,700

Total allocated costs= $53,070

3 0

2 years ago

Which of the following statements is correct with respect to a limited partnership?

Viefleur [7K]

Answer: option D

Explanation: A Limited liability partnership is an ownership style which exhibits characteristics of both partnership and corporations. This was implemented for the benefit of business entities and for the ease of owners.

a. In a limited liability a limited partner will never be personally liable for the debts.

b. A general partner can be a limited partner as long as there are two legal partners.

c. A general partner cannot be a secured creditor as he will always have unlimited liability.

d. A Limited liability partnership is the form of partnership in which some or all of the partners have limited liability.

5 0

2 years ago