suppose the united states has a tariff of $80 per barrel on imported wine. then, the united states joins a free-trade area with chile. what will be the change in the net national surplus after the united states enters into a free-trade agreement with chile?
Answers
The change in the net national surplus after the United States enters into a free-trade agreement with Chile will depend on the changes in consumer surplus, producer surplus, and government revenue. To determine the exact change, we would need more specific information about the quantities and prices involved.
1. Identify the initial situation: The United States has a tariff of $80 per barrel on imported wine.
2. Analyze the new situation: The United States joins a free-trade area with Chile, which means the tariff on imported wine from Chile will be eliminated.
3. Calculate the change in consumer surplus: With the elimination of the tariff, the price of imported wine in the United States will decrease. This will increase consumer surplus, as consumers will pay less for wine and might buy more.
4. Calculate the change in producer surplus: The lower price of imported wine will lead to more competition for domestic wine producers in the United States. As a result, they might lose some market share and their producer surplus might decrease.
5. Calculate the change in government revenue: The elimination of the tariff means the government will no longer collect revenue from the tariff on Chilean wine imports.
6. Calculate the change in the net national surplus: The net national surplus is the sum of consumer surplus, producer surplus, and government revenue. Since consumer surplus increases, producer surplus decreases, and government revenue decreases, the overall change in the net national surplus will depend on the magnitudes of these changes. If the increase in consumer surplus is larger than the combined decrease in producer surplus and government revenue, the net national surplus will increase. If the increase in consumer surplus is smaller, the net national surplus will decrease.
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Related Questions
A closed system undergoes a process in which there is no internal energy change. During this process, the system produces 1.77
×
10
6
ft. lbf of work.
Calculate the heat transfer,
Q
i
n
=
Btu for this process.
(Round to the nearest integer)
Answers
The heat transfer, Qin, in Btu for this process is 1,770,000 Btu.
In a closed system, when there is no internal energy change (ΔU = 0), the first law of thermodynamics states that the heat transfer (Qin) is equal to the work done (W). Therefore, Qin = W.
Given that the system produces 1.77 × 10^6 ft. lbf of work, we need to convert this work value to Btu.
To convert ft. lbf to Btu, we use the conversion factor: 1 Btu = 778.169 ft. lbf.
So, Qin = (1.77 × 10^6 ft. lbf) / (778.169 ft. lbf/Btu) = 2273.69 Btu.
Rounding to the nearest integer, Qin ≈ 2274 Btu.
Therefore, the heat transfer Qin for this process is approximately 2274 Btu.
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If you are long nat gas at Henry Hub for next month’s delivery on a fixed price, how would you convert the fixed price to daily pricing?
If you convert fixed price to daily pricing, what do you expect prices to do if you are long? If you are short?
What economic incentive has caused the world price of nat gas, both piped and LNG, to evolve from crude oil indexed?
Why is it expected that the world price of nat gas will be Henry Hub related?
Answers
To convert fixed price to daily pricing for a long position in natural gas at Henry Hub, divide the fixed price by the number of days in the delivery month.
If you are long, you would expect prices to increase, while if you are short, you would expect prices to decrease. The economic incentive that has caused the world price of natural gas to evolve from crude oil indexed is the increased availability and use of natural gas in recent years.
Natural gas has become more prevalent in power generation and other industries, leading to a shift in pricing. It is expected that the world price of natural gas will be Henry Hub related because it is the most liquid and widely traded natural gas benchmark, and it reflects the supply and demand dynamics of the North American natural gas market.
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why are stock markets the most-watched and reported of the financial security markets?
Answers
Stock markets are an essential component of the global financial system, and they play a crucial role in the allocation of capital and the pricing of financial assets. Stock markets are widely considered to be the most-watched and reported of the financial security markets, and there are several reasons for this.
One of the primary reasons that stock markets are the most watched and reported of the financial security markets is that they are the most accessible to individual investors. Unlike other financial security markets, such as the bond market or the commodity market, the stock market allows individuals to buy and sell shares in publicly traded companies.
Another reason that stock markets are the most watched and reported of the financial security markets is that they are closely tied to the broader economy. The performance of the stock market is often seen as a barometer of the health of the economy, and movements in the stock market can have significant impacts on consumer confidence, business investment, and government policy.
In addition, the stock market is often seen as a leading indicator of future economic trends. The performance of the stock market can provide insights into investor sentiment, economic growth prospects, and the business cycle. As a result, the stock market is closely watched by analysts and investors who are seeking to gain insights into future economic trends and make investment decisions based on those insights.
Finally, the stock market is also the largest financial market in terms of market capitalization. The total value of all publicly traded companies in the stock market is estimated to be in the tens of trillions of dollars, which is significantly larger than other financial markets.
Stock markets are the most-watched and reporting of the financial security markets for several reasons. They are the most accessible to individual investors, closely tied to the broader economy, seen as a leading indicator of future economic trends, and the largest financial market in terms of market capitalization.
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Why do monopolies and oligopolies benefit producers over consumers?.
Answers
Answer:
Few Producers can generally control prices.
Explanation:
Monopolies and Oligopolies are structures where few generally control things. I also got the question right :)
Your supervisor constantly gets on you for things that you feel aren't your fault. Every other day , they approach you about work that isn't done , but you know that it's someone else's responsibility . How will you handle this issue
Answers
Answer: Try talking so your supervisor about it so he understands you can’t deal with certain that aren’t your responsibility, if it doesn’t work you should speak to a superior higher than your supervisor before it’s too late and you’re blamed for the unnecessary
Explanation:
Which of the following does not describe a product feature?*
flavor
price
texture
color
Answers
Answer:price
Explanation:
you purchase a car for 20,000 you made a down payment of 5,000 and took out a loan for the rest. what is the principle balance of the loan
Answers
Answer:
15,000
Explanation:
The principal amount in a loan is the amount borrowed. It is the amount from which interest is calculated. When repaying a loan, the full principal amount and the interest must be paid.
The car is valued at 20,000. A deposit of 5000 is paid. the principal amount in the loan is 15,000. (20,000 - 5000)
Jacob works part-time as a cashier at a drug store. His gross pay for the year
was $8,000. Based on his income level, the federal tax rate he'll need to pay is
10%. For his state taxes, Jacob will need to pay 5% and the FICA rate is
7.65%. What is Jacob's net pay for the year?
A. $1,812
B. $7,200
C. $6,188
D. $6,988
Answers
Answer:
Option C
Explanation:
Gross Salary of Jacob = $ 8000
Federal tax paid by him = 10% of $8000 = $800
State tax = 5% of $8000 = $400
FICA rate = 7.65% of $8000 = $612
Net Pay of Jacob = $ 8000 - $800 -$400-$612
= $6188
Hence, option C is correct
Help me please.. there is no option on here for Human Resources principals, so I jus clicked business as the subject..
Answers
Answer:
An interview
Explanation:
HELP ASAP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
About which activity or aspect of the distribution function does David need more guidance?
David works as a warehouse employee for a business that manufactures kitchenware. The utensils and other items that the business manufactures are extremely delicate. Recently, David dropped some expensive glassware when he was loading the items in a truck. David’s manager has decided to provide him better guidance about an important aspect of distribution, which is BLANK.
Answers
Answer: I think it’s marketing
Explanation:
help fast! Ed and Maria’s gross monthly income is $3,700 and monthly debt is $2,500. What is their debt-to-income ratio to the nearest percent?
A. 53%
B. 68%
C. 82%
D. 25%
Answers
Answer:
C. 68
Explanation:
What is the hazard? Chris works for a city public works department. One hot afternoon the temperature outside reached 92 degrees. While Chris was shoveling dirt in a vacant lot, he started to feel dizzy and disoriented. He fainted due to the heat.
Answers
Answer: dehydration
Explanation:
Answer:
dehydration and heat exhaustion.
Explanation:
I hope this helps! :)
Do you think every working American needs a 401(k) account or an IRA? Why or why not?
No links
Need ASAP
Answers
Answer:
Both 401(k) accounts and IRAs are retirement savings accounts that allow individuals to save for retirement on a tax-advantaged basis. Contributions to these accounts are tax-deductible, and the earnings on the investments grow tax-free until they are withdrawn during retirement.
There are some benefits to having a 401(k) account or an IRA. They allow individuals to save for retirement in a tax-efficient way, and can provide a significant source of income during retirement. In addition, many employers offer matching contributions to 401(k) accounts, which can be a valuable incentive to participate.
However, there are also some drawbacks to these types of accounts. For example, they are subject to market fluctuations and the investment risk is borne by the individual. In addition, there are limits on how much can be contributed each year, which may not be enough to provide for a comfortable retirement.
Whether or not every working American needs a 401(k) account or an IRA depends on individual circumstances. For some people, these accounts may be a valuable tool for saving for retirement. For others, different types of retirement savings accounts or strategies may be more appropriate. Ultimately, it is up to each individual to determine the best approach for their own retirement planning.
Your Assignment, Part I
Imagine you have decided to start a business. This is your opportunity to select a
business endeavor that interests you and engage in the marketing process. Choose
wisely because you will work on building this business not only in this project, but
also in the projects for Units 3 and 4. You should answer all questions in a separate
document that you will hand in to your teacher.
First, think about the type of business you want to create. Will this business offer
mainly goods, services, or a combination of both? Here is a list of ideas to get you
started:
• Restaurant or catering company
• Company that sells specialty goods, such as sporting goods or electronic
devices
• Service-oriented company, such as dog-walking, web design, or tutoring
1. List the type of business you will have.
Answers
20
Explanation:
I took the text to day its 20
Smith Company the following information on the financial statements: Net Income $50,000 Earnings Per Share 0.50 per share Average number of Common Shares Outstanding 250,000 shares Market Price $2 per share What is the price/earnings ratio (to the nearest whole number)
Answers
Answer:
4
Explanation:
The price/earnings ratio is calculated as the market price of $2 per share / 0.50 earnings per share = 4
Which of the following is most likely to produce scientific evidence about a theory?
a. an economist employed by the AFL/CIO doing research on the impact of trade restrictions on workers' wages
b. a radio talk show host collecting data on how capital markets respond to taxation
c. a tenured economist employed at a leading university analyzing the impact of bank regulations on rural lending
d. a lawyer employed by General Motors addressing the impact of air bags on passenger safety
Answers
When the economist is employed for the university so it affects the bank regulations. This represent the generation of the scientific evidence related to the theory.
The following information should be considered
The tenured economist should give scientific proof related to the theory. In this, the primary data is collected & then transform into the theoryIn option a, only do the research. The rest of the options does not give scientific evidence.Therefore we can conclude that option c is correct.
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Which of the following statements are not true of satisfied customers?
A. Satisfied customers tend to stay loyal.
B. Customers will spend more money with a company for great customer service.
C. Satisfied customers do not share their experiences with other people.
D. All of the above
Answers
OPTION (C) Satisfied customers do not share their experiences with other people. When customers feel satisfied from the services or products from a particular company, they are tend to share their experience with their friends and families. So that they can too get benefitted from the same.
Who are Customers?In sales, commerce, and economics, a customer is the recipient of a good, service, product or an idea - obtained from a seller, vendor, or supplier via a financial transaction or exchange for money or some other valuable consideration.
What is meant by 'Services'?A service is any activity or benefit that one party can offer to another, which is essentially intangible and does not result in the ownership of anything. Its production may or may not be tied to a physical product.
What is a Company?A company, abbreviated as co., is a legal entity representing an association of people, whether legal, natural, or a mixture of both, with a specific task or objective. Company members share a common purpose and unite to achieve specific, declared goals.
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Zach is taking a survey that contains questions about his future plans. Which question would most likely be on the survey?
A. What educational, career, and financial goals will you have accomplished?
B. What values, beliefs, or principles are most important to you?
C. What issues or causes do you care about?
D. What activities have you never done before but want to try?
Answers
The correct answer is "What educational, career, and financial goals will you have accomplished?"
Option A would probably be asked on the survey because it directly relates to Zach's future objectives for his profession, finances, and schooling. Zach's long-term goals and ambitions must be understood in order to find chances for both personal and professional development.
Although options B, C, and D are equally significant, Zach's values, interests, and hobbies are more the focus of these choices. These inquiries might appear in a different kind of survey, like a personality test or a market research questionnaire, but they are unrelated to future planning.
For a survey designed to learn more about Zach's future plans, hopes, and goals, Option A is a pertinent and fitting question.
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Heather's Auto Body purchased new equipment with 90 days same as cash terms.
What workflow would you recommend so she can make sure to set aside the money to pay it when it comes due in 90 days?
Answers
To ensure that Heather's Auto Body can make the payment when it comes due in 90 days, it is essential to have a clear workflow in place. Here are a few steps that I would recommend:
1. Create a budget: The first step is to create a budget that includes the cost of the new equipment, as well as any other expenses that the business may incur during this period. This will give a clear picture of the business's cash flow and allow for better financial planning.
2. Set aside funds: Once the budget is created, set aside the funds required to pay for the new equipment in a separate account. This will ensure that the money is available when the payment comes due, and will prevent any confusion with other business expenses.
3. Track cash flow: Regularly track the business's cash flow to ensure that there is enough money available to pay for the new equipment when the payment comes due. This will also help identify any potential cash flow issues before they become a problem.
4. Monitor the payment due date: It is important to keep track of the payment due date and set reminders in advance so that the payment is not missed.
By following these steps, Heather's Auto Body can ensure that they have the funds available to pay for the new equipment when the payment comes due in 90 days. This will prevent any financial strain on the business and allow it to operate smoothly.
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When given one variable value, the value of other variables can be easily estimated. This applies to which type of graph? a. Line c. Scale b. Bar d. Both A and B Please select the best answer from the choices provided A B C D
Answers
Answer: A. Line!
Explanation: On Edge!!
two ratios that provide insight on the relationship between credit sales and receivables are: multiple choice accounts receivable turnover and current ratio. average days to collect receivables and asset turnover. accounts receivable turnover and average days to collect receivables. current ratio and inventory turnover ratio.
Answers
The two ratios that provide insight on the relationship between credit sales and receivables are accounts receivable turnover and average days to collect receivables.
The accounts receivable turnover ratio measures the efficiency of a company's credit sales and collection process. It is calculated by dividing net credit sales by the average accounts receivable balance. A higher turnover ratio indicates that the company collects its receivables more quickly, while a lower ratio suggests a slower collection process. The average days to collect receivables ratio provides additional insight into the time it takes for a company to collect its receivables. It is calculated by dividing the average accounts receivable balance by the average daily credit sales. This ratio gives an estimate of the number of days it takes, on average, to collect outstanding receivables. A lower number of days indicates a faster collection process and better cash flow management.
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What evidence best supports the theme that leadership requires integrity? check all that apply. ""noblest roman of them all"" ""all the conspirators save only he"" ""did that they did in envy of great caesar"" ""in a general honest thought"" ""common good to all"" ""his life was gentle"" ""this was a man!""
Answers
Leadership requires integrity; the noblest Roman of them all the conspirators save only he, did that they did in envy of great Caesar.
What does Antony have to say about Ceaser's execution?Antony mentions Brutus when he says that his (Brutus') health was deteriorating. Antony claims that Brutus was the most respected Roman citizen in the world and that he executed Caesar in defense of the Roman Republic.
This is reflected in the reference and each of the backstabbers saves him. Antony argues that Brutus could not have killed Caesar, without properly defending the Roman Republic.
Thus, ""all the conspirators save only he"" and ""did that they did in envy of great Caesar" is the correct statement.
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if ford mustang costs $30,000 in the us and 40,000 pounds in the uk and the current exchange rate between pound and dollar is $1.2 per pound, then according to ppp pound is ______ and should ________.
Answers
Based on the information given, it can be deduced that according to ppp, pound is overvalued and should depreciate.
Purchasing power parity (PPP) simply means the idea that goods in a country will be the same cost in another country once their exchange rate is applied.
From the information given, since Ford Mustang costs $30,000 in the us and 40,000 pounds in the uk and the current exchange rate between pound and dollar is $1.2 per pound, then, pound is overvalued and should depreciate.
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Linda purchased a washing machine and dryer set for $1,299 on a deferred payment plan. She needs to pay $80
per month for 6 months and the remaining balance in month 7. How much will Linda pay back in 6 months, and
what will the amount of her final payment be?
HELP PLEASE
Answers
Answer:
In six months, Linda will pay : $480
Final payments :$819
Explanation:
The monthly payments are $80 for six months.
For six months, Linda will have paid $80 times six months
=$80 x 6
=$480
The amount for her final payments will be the total of the two items minus the installment payments
=$1,299 - $480
=$819
Which statement about the Federal Reserve (the Fed) is true?
O Unless a person works there, the Fed has little impact on everyday life.
O The Fed determines the criteria banks must use to evaluate loan requests.
O The Fed sets monetary policy, which affects the interest rates banks offer.
O Because it is independent, the Fed reviews and approves the national budget.
Answers
A statement that is true on the Federal Reserve is that C. The Fed sets monetary policy, which affects the interest rates banks offer.
What does the Federal Reserve do ?The American central bank is known as the Federal Reserve System (FRS). It is conceivably the most potent financial organization in the entire globe and is sometimes referred to as "the Fed." It was established to give the nation a secure, adaptable, and stable financial and monetary system.
Its primary duties include controlling the money supply, establishing interest rates, and overseeing the financial system. In times of economic crisis, it also serves as a lender of last resort, as was shown during the financial crisis of 2008.
These powers of the Federal Reserve mean that it is the one which sets the monetary policy of the United States. This monetary policy will then affect the interest rates on loans, offered by banks.
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according to the law of demand, a demand curve multiple choice has a positive slope. is a horizontal or flat line. exceeds the economy's ability to produce. has a negative slope.
Answers
The demand law states that a demand curve has a downward slope.The demand law states that a demand curve with several choices has a positive slope, according the law of
The inverse connection between the cost of a commodity or service and the amount of that good or service that customers are willing and able to buy is described by the law of demand, a fundamental economics principle. This connection says that, on the one hand, the quantity demanded of an item or service would drop as its price rises, and on the other hand, the quantity demanded of a good or service will grow as its price lowers. According to the rule of demand, when costs increase, customers will seek out alternatives or lower their overall consumption, and when prices decrease, consumers are more inclined to purchase more of a particular good or service.
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What is the cheapest house in Greenville, North Carolina from $0 to $100,000?
Answers
Depending on the source one can get a house at Greenville, North Carolina for $30,000.
What are the things to note before buying a house?It's a terrific goal to have set for yourself, but the process of purchasing a property requires some effort to make it a reality.
From preparing your funds to having your offer approved and engaging a solicitor, there are various factors to keep in mind, such as:
Recognize your debt-to-income ratio.Identifying a real estate agent.Investigate the surrounding area.Consider your lifestyle requirements.Consider your commitment.The house's age.Do you intend to stay?Location.Learn more about houses:
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world trade has ______ in current dollar terms in the past two decades.
Answers
In recent dollars, global trade has increased dramatically over the past 20 years. Numerous causes, including globalisation, technological improvements, trade liberalisation, and growing economic interdependence between states, have contributed to the growth of global commerce.
As nations have become increasingly integrated through supply chains and the exchange of goods and services, trade flows have grown significantly. The development of e-commerce, the opening of new markets, and the inclusion of emerging nations' economy in international trade networks have all aided in the growth of world trade. It's crucial to keep in mind, though, that specific numbers and patterns may change based on the time period and certain economic events over the past 20 years.
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The person making the payment might not be the one deciding on the TIPAMT. Does this create a problem in the internal validity of the experiment? Select one: a. Yes, but a field experiment always suffers from internal validity issues as compared to a laboratory experiment b. Yes, but the overall idea is to see whether customers are more satisfied (measured by the amount of tip they leave) with prompt service (measured by having multiple servers) and perceived attentiveness (measured by the number of eye contacts made by servers with customers). c. Yes, but this bias does not make the experiment fatally flawed and the results can still be used d. a and bare false e. a, b, care true
Answers
Yes, however the experiment is still usable despite this bias since it is not fatally flawed .
c. Yes, but this bias does not make the experiment fatally flawed and the results can still be used. Although the person making the payment might not be the one deciding on the TIPAMT, this bias is not significant enough to make the experiment fatally flawed. The overall idea of the experiment is to measure whether customers are more satisfied with prompt service and perceived attentiveness, and this can still be achieved even if the person making the payment is not the one deciding on the tip amount. It is important to acknowledge this potential bias, but it does not necessarily invalidate the internal validity of the experiment.
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how do you find tax liability?
Answers
Answer:
Find answer in the explanation below
Explanation:
Tax liability can be defined as the total amount of taxes an individual, corporation, company, etc owes a tax authority or service at a given period of time.
The Internal Revenue Service is responsible for the taxation and collection of taxes from individuals to multinationals.
tax liability can also simply be said to be the amount in taxes that is owed the government individuals downs to multinationals.
Tax liability can be found or derived from taxable incomes. This is started by deducting taxable income - tax deductions = gross tax liability
gross tax liabilty - tax credits = tax liability.
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