Determine the effect of the following transactions on GDP in the United States in 2017. A. Washing, Inc. Produces washing machines in the United States. In 2017, it produced $250,000 worth of washing machines, but consumers only purchased $150,000 worth. Multiple choice 1 Consumption expenditures increased by $150,000 and investment decreased by $100,000. Consumption expenditures increased by $250,000. Consumption expenditures increased by $150,000 and investment increased by $100,000. Consumption expenditures increased by $250,000 and net exports decreased by $100,000. B. Coffee, Inc. Opens a new location and purchases $10,000 in used equipment. Multiple choice 2 Consumption expenditures increased by $10,000. GDP remained unchanged. Investment increased by $10,000. Net exports increased by $10,000. C. Andy purchases $20 of coffee roasted and bagged in Colombia during 2017. Multiple choice 3 Consumption expenditures increased by $20 and net exports decreased by $20. Net exports decreased by $20. Consumption expenditures increased by $20 and investment decreased by $20. Investment increased by $20 and net exports decreased by $20. D. The Jackson family hires Home Construction, Co. To build their new house in 2017. The total cost of the house was $175,000. Multiple choice 4 Net exports increased by $175,000. Consumption expenditures increased by $175,000. Investment increased by $175,000. GDP remained unchanged
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The transactions had the following effects on GDP in the United States in 2017. A. Consumption expenditures increased by $150,000 and investment increased by $100,000. B. Investment increased by $100,000. C. Consumption expenditures increased by $20 and net exports decreased by $20. D. Investment increased by $175,000.
A. The effect of Washing, Inc. producing $250,000 worth of washing machines but consumers only purchasing $150,000 worth would result in an increase in inventory of unsold washing machines worth $100,000.
This increase in inventory represents investment by Washing, Inc. and therefore consumption expenditures only increased by $150,000 and investment increased by $100,000.
B. Coffee, Inc. opening a new location and purchasing $10,000 in used equipment would result in an increase in investment by $10,000, as this represents spending by the business to acquire capital goods.
This transaction does not affect consumption expenditures, net exports, or GDP.
C. Andy's purchase of $20 worth of coffee roasted and bagged in Colombia during 2017 represents an increase in consumption expenditures by $20.
As the coffee was produced outside of the United States, this transaction also results in a decrease in net exports by $20.
D. The Jackson family hiring Home Construction, Co. to build their new house in 2017 for a total cost of $175,000 represents an increase in investment by $175,000.
This transaction does not affect consumption expenditures, net exports, or GDP.
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Related Questions
Ken and Joe are out at a bar drinking. During the evening, Ken writes a note on a cocktail napkin agreeing to sell his car to Joe for $500. After they both sign it, Ken pockets the money and hands the keys over. The next day, Ken has no idea where his car is and how he came to have $500 in his wallet. Was this a valid contract?
Answers
Answer:
250000
Explanation:
Donald is a business development executive in a big retail company based in Omaha. His company now wants to expand and has sent Donald as their representative. Donald is also authorized to deal and negotiate with different vendors directly and in his own capacity. What role is Donaldplaying as per the contract law?
Answers
Answer:
C. Agent
Explanation:
Agent Law- the agent deals with third parties on behalf of the company in a contract and the company defines the control an agent can exert
What is reverse scaling? Why is it used? What is a potential problem with its use?
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In reverse scaling, the researcher writes poor form for some gadgets on a multi-item scale so that the gadgets that are having most effective responses are simply at that give up of the scale which is contrary to that cease of scale where they would usually be.
Why is reverse scoring used?Reverse-scoring the negatively-keyed items ensures that all of the objects – those that are originally negatively-keyed and those that are positively-keyed – are regular with every other, in phrases of what an “agree” or “disagree” imply.
Scaling can be reversed by means of the usage of reciprocal factors. If we scale Figure A by means of a factor of 4 to obtain Figure B, we can scale B returned to A the usage of a thing of . This skill that if B is a scaled reproduction of A, A is also a scaled replica of B; they are scaled copies of each other.
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https://brainly.com/question/17897780#SPJ4When units produced exceed units sold, net income will generally be ______ costing. Multiple choice question. the same under both absorption costing and variable higher under variable costing than under absorption higher under absorption costing than under variable
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Answer:
higher under absorption costing than under variable costing.
Explanation:
Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
Manufacturing costs can be defined as the overall costs associated with the acquisition of resources such as materials and the cost of converting these raw materials into finished goods. Manufacturing costs include direct labor costs, direct materials cost and manufacturing overhead costs.
In Business management, when the total units of goods produced by a business firm (manufacturer) exceed the total units of goods sold, net income will generally be higher under absorption costing than under variable costing.
A firm has issued $20 million in long-term bonds that now have 10 years remaining until maturity. The bonds carry an 8% annual coupon and are selling in the market for $877.10. The firm also has $45 million in market value of common stock. For cost of capital purposes, what portion of the firm is debt financed and what is the after-tax cost of debt, if the tax rate is 35%?
Answers
Answer:
6.5%
Explanation:
Market value of Bond = Par value*bonds outstanding*%age of par
= 1000*20000*0.8771
= $17,542,000
Market value of firm = Market value of Equity + Market value of Bond
= $45,000,000 + $17,542,000
= $62,542,000
Weight of debt = Market value of Bond / Market value of firm
Weight of debt = 17542000/62542000
Weight of debt = 0.2805
Yield to maturity = Rate(Nper, pmt, -Pv, fv)
Yield to maturity = Rate(10, 80, -877.1, 1000)
Yield to maturity = 0.10001541
Yield to maturity = 10.00%
After tax cost of debt = Cost of debt * (1-tax rate)
After tax cost of debt = 10.00%*(1-0.35)
After tax cost of debt = 10.00%*0.65
After tax cost of debt = 6.5%
A wedding party hired a sole proprietorship to cater their wedding. In this situation the sole proprietorship is a corporation and the employee who handled the job is a partner. If the sole proprietorship is a corporation and its employee poisons the cake, then who is liable?
Only the employee who poisoned the cake is liable.
Only the employee who poisoned the cake is liable.
Only the sole proprietorship is liable.
Only the sole proprietorship is liable.
The corporation is liable.
The corporation is liable.
Only the partner is liable.
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If the sole proprietorship is a corporation and its employee poisons the cake, then only the sole proprietorship is liable. The second option is correct.
A sole proprietorship, also known as a sole tradership, individual entrepreneurship, or proprietorship, is a type of business owned and operated by a single person with no legal distinction between the owner and the business organisation. A sole trader does not always work alone and may hire others.
The solo trader receives all profits and is personally liable for any losses and debts. Every asset of the business is owned by the proprietor, as are all obligations of the business; the business is not a separate legal entity.
Thus, the sole trader is the only owner of the business he is liable for any action of his employees.
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What is the integral part of research?
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Ethics is considered to be an integral part of research from the beginning to the end.
Research is considered to be very critical to societal development. As the research is conducted to study and then generate knowledge, provide useful information, and help the decision-making, among others.
However, ethics are considered to be an important part of the research. Thus, there are several reasons that why it is important in order to adhere to ethical norms. First, the norms tend to promote the aims of research. Research methods are specific procedures to collect and analyze data.
Hence, it also promotes knowledge, truth, and avoids any error.
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When consumers in the United States buy products made by China, they are buying imported goods.
True or False
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What is the difference between a debit card and a cash card? A. A debit card is less secure than a cash card.  B. A cash card can only be used in certain stores.  C. A cash card is not tied to a bank account.  D. A debit card carries no spending limits.
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Answer:
C. A cash card is not tied to a bank account.
Explanation:
The difference between the debit cash and a card is that a cash card is not tied to a bank account.
What is a cash card?A cash card is a term for the payment that stores the cash, gift, and prepaid debts. The credit card is not consider to be a cash card and the is a conviennet way of the shareholders to make electronic payments.
The square cash card offers an app for making cash card payments. It allows the users to make transactions through the user's account and is unique to Sutton bank.
Find out more information about the cash card.
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1. Two of the goals for this course are to help students (1) form coherent moral evaluations about business situations and (2) act with integrity in business situations. Consider one of these goals - formation or integrity - and explain what it is and how it has been addressed by the course content so far. What else do you think the course needs to address in order to advance the goal you are considering
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The two objectives of the course are related, as an individual encouraged to form coherent moral assessments of business situations is more likely to act with integrity in business.
How important is business ethics?It is essential that each professional maintain an ethical posture in all spheres of their life, especially in the workplace, as ethics contributes to the improvement of the micro and macro environment such as:
Strengthening organizational cultureProductivityDevelopmentMotivationStakeholder perceptionTherefore, business-related integrity is essential for every employee and leader as it will increase reliability and generate greater added value over an organization's processes, products and services.
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A ________ rate means the value of the currency is fixed relative to a reference currency and then the exchange rate between that currency and other currencies is determined by the reference currency exchange rate.
Answers
Answer:
it'll be the currency rate
(1) State which marketing environment affected Xerox's operation. (1mks)
(b) From your answer above, discuss which specific area from that particular enviroment affected how Xerox conducted business. (5mks)
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Answer a:
Clearly, Xerox had one major issue concerning its marketing environment.
Due to technological changes, i's primary market was shifting and changing. Xerox didn't see it. Perhaps they did and decided it (the changes that is) not
Explanation:
One keyword or practice or culture or capability that was missing in Xerox was adaptability. Had they envisaged the future and created some internal structure to gradually cater to the changing requirements of their client base, they'd probably still be in business today.
So in a way, it wasn't really the change in the market that affected Xerox. It was Xerox' inability to respond to such changes that did it in. At some point, it became apparent to investors that Xerox was incapable to move with the next tide. They withdrew their funds, sold their shares and the rest is history.
Answer b:
The major area that affected how Xerox conducted business is the technology enviriomment.
Explanation
Due to the availability of technology which made it possible, peoples mindset were beginning to shift from keeping hard copies and or duplicating them to keeping electronic copies.
Two things made this idea very attractive:
1. It reduced cost greatly. In every era, cost reduction has always been an attractive business proposition for companies in any sector or subsector. As firms discovered they could cut down by keeping electronic copies of their documents, the idea quickly caught on. And so did the profits made by the renowned copier decline.
2. Another factor strenghtened the decline in making and keeping hard copies of documents is the ideology that the more papers we made, the more we were damaging our environment.
Companies that quickly adjusted even used their paper reduction efforts as a unique selling marketing proposition.
Cheers
Which two of the following are long-term sources, of finance?
A- Interest rates
B- Venture capital
C- Trade credit
D- Share capital
E- Start up costs
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Answer:
the answer is B and D
Question 3 Fill in the blank: Curiosity, understanding context, having a technical mindset, data design, and data strategy are _____. They enable data analysts to solve problems using facts. 1 point thought processes business skills personal insights analytical skills
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When one is said to have curiosity, an ability to understand context, and a technical mindset, they have analytical skills.
What are analytical skills?These are skills that allow a person to make decisions based on data that they are presented with.
They include skills such as curiosity, data design, data strategy, and an ability to understand context. These allow a person to look at data, and understand what to do with it.
In conclusion, option D is correct.
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Draw a planned aggregate expenditure curve for an economy where autonomous expenditure is $500 billion and the marginal propensity to consume is equal to 0.75. plot values for actual aggregate expenditure of $0, $200 billion, $400 billion, $600 billion, $800 billion, and $1,000 billion.
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Y (in $ billions) are 0, 100, 200, 300, 400, 500 and AE (in $ bilions)= 500+0.75Y, 500, 575, 650, 725, 800, 875. By plotting this we get the aggregate expenditure line.
We start with a very simplistic model in which there is neither a government sector nor a foreign sector to demonstrate how the aggregate expenditures model functions. The results from this simplified model are then used to create a more realistic model. The simplified economy's equations are simpler to deal with, and we can easily extrapolate the findings of an analysis of a simplified economy to a more realistic one. We make the assumption that there are only two parts to aggregate expenditures: consumption and investment, in order to create a straightforward model. Real gross domestic product and real gross domestic income are interchangeable terms, as we discovered in the chapter on measuring total production and income. Without a government or international industry, gross.
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How did the Great Depression and the New Deal affect the American society and economy?
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Due to corporate failures and a sharp increase in unemployment, the Great Depression had an impact on American culture, through federal activism,economic recovery and placing Americans back to work.
What impact did the Great Depression have on the US economy?In the United States, where the Depression was generally the worst, industrial production decreased by over 47% between 1929 and 1933, the GDP plummeted by 30%, and the jobless rate rose to more than 20%.
Why did the Great Depression have such a big impact?Tens of millions of people experienced extreme hardship as a result, and many of the country's banks, businesses, and farms failed. It significantly increased government, which was then supposed to stabilize the economy and avert hardship, transforming national politics in the process.
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You are a vendor representative with a new line of fashion watches showing it to a new buyer. The costume jewelry buyer says she would like to buy the line but has too many lines of fashion watches in her assortment already that are not selling. She continues to complain that her worst-selling brand of watches will not help her out with any markdown allowances or take any of the merchandise back. She states that she is no longer buying any more merchandise from this line and will have to wait until it sells before she can bring in a new line of watches. What might you suggest or negotiate?
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Answer:
Doing a buyback
Explanation:
Answer:
Since She states that she will no longer buy any more merchandise from this line and she will have to wait until it sells before she can bring in a new line of watches what i would or might you suggest or negotiate is for her to do a BUYBACK.
Therefore BUYBACK can be seen as something or item that have been repurchased due to some unresolved issues that has been reported by the initial owner but has since been resolved and it can as well mean an agreement to buy something in return.
Lastly BUYBACK can tend to be a sale whereby something that is been sold is repurchased from the buyer by either the seller or the initial owner.
Indicate how each of the following transactions affects US exports, imports, and net exports.
Transaction
Effect On...
U.S. Exports U.S. Imports U.S. Net Exports
A British scholar spends a year at Harvard University as a visiting scholar.
Your parents go on a trip to Japan in late March for the Cherry Blossom season.
A Canadian buys a new Ford.
The student bookstore at Yale University sells books published by Cambridge University Press.
A European family goes to Disney World in Florida for vacation.
Choice for the table are: increase, decrease, or unchanged
Answers
Answer: See explanation
Explanation:
Exports are the goods and the services that a particular country produces and sells to other countries.
Imports are the goods produced in other countries and sold to ones country.
Net export is the difference between the export an import. An increase in export leads to a rise in the net export.
Based on the above explanation, the answer to the question will be:
1. A British scholar spends a year at Harvard University as a visiting scholar.
US exports - Increase
Imports - Unchanged
Net exports - Increase
2. Your parents go on a trip to Japan in late March for the Cherry Blossom season.
US exports - Unchanged
Imports - Increase
Net exports - Decrease
3. A Canadian buys a new Ford.
US exports - Increase
Imports - Unhanged
Net exports - Increase
4. The student bookstore at Yale University sells books published by Cambridge University Press.
US exports - Unchanged
Imports - Increase
Net exports - Decrease
5. A European family goes to Disney World in Florida for vacation.
US exports - Increase
Imports - Unhanged
Net exports - Increase
some pencils are to be shared between grade 7, grade eight students receive 196 more than grade 7 students no, find the total number of pencils shared,find the total number of pencils shared.
Answers
Answer:
203
Explanation:
An active primary market for the creation of new securities and the presence of plenty of buyers and sellers are all most indicative of _____.
an efficient monetary policy
a national economy
a competitive marketplace
sound financial management
Answers
An active primary market for the creation of new securities and the presence of plenty of buyers and sellers are all most indicative of a competitive marketplace. Thus, option C is correct.
What is the market?Markets are places where individuals, businesses, and industries transact, whether it be for the purpose of purchasing, producing, or providing services. they use it n order earning profits.
As there are various suppliers in the market, there is a face lot of people have various options from which the person could buy.
Customer competition is fueled by a competitive market. This implies that consumers struggle among others to purchase a commodity, particularly when inventory is low. Therefore, option C is the correct option.
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In 2017, Skylar sold an apartment building for $20,000 cash and a $300,000 note due in two years. Skylar’s cost of the property was $250,000, and he had deducted depreciation of $150,000, $60,000 of which was in excess of what the straight-line amount would have been.Do not round intermediate computations. Round your final answers to the nearest dollar.Under the installment sales method, Skylar's total realized gain is $___. In 2017, he recognizes § 1250 gain of $______ and § 1231 gain of $______.
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In 2017, Skylar sold an apartment building for $20,000 cash and a $300,000 note due in two years. Skylar’s cost of the property was $250,000, and he had deducted depreciation of $150,000, $60,000 of which was in excess of what the straight-line amount would have been.Do not round intermediate computations. Round your final answers to the nearest dollar.Under the installment sales method, Skylar's total realized gain is $220,000. In 2017, he recognizes § 1250 gain of $10,000 and § 1231 gain of $10,000.
Property is any object that a person or a commercial enterprise has felony identify over. assets can be tangible items, along with homes, automobiles, or appliances, or it may seek advice from intangible items that convey the promise of future worth, inclusive of inventory and bond certificates.
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A life insurance company issues a large number of 4-year equity-linked endowment insurance policies to lives aged 65 exact. Level premiums are payable annually in advance until maturity or earlier death. The company has performed a profit test on these policies and the profit vector per policy sold, ignoring surrenders, is as follows: (185.21,−121.52,−5.28,12.95) (i) Calculate the profit signature per policy sold if negative cash flows are zeroised. The company now wishes to allow for surrenders in its calculations. It assumes that at the end of the first and second policy years only, 3% of the surviving policyholders will surrender. Surrender values are equal to the policyholders' fund value (after deduction of the fund management charge) less a surrender penalty of $50. (ii) Calculate the revised profit signature per policy sold after allowing for surrenders if negative cash flows are zeroised. (iii) Calculate the net present value of the revised profit signature in part (ii), using a risk discount rate of 8% per annual. : Mortality: AM92 Ultimate Interest earned on insurer's fund: 5% per annual Expenses: Ignore
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(i) Profit signature per policy sold: (185.21, 0, 0, 12.95) after zeroizing negative cash flows.
(ii) Revised profit signature per policy sold: (134.62, -50, 0, 12.57) after considering surrenders and penalties.
(iii) Net present value of revised profit signature: $86.19, using an 8% annual risk discount rate.
(i) To calculate the profit signature per policy sold, we need to zeroize the negative cash flows in the profit vector.
The profit signature is obtained by replacing negative cash flows with zero, while keeping the positive cash flows unchanged.
Therefore, the profit signature per policy sold is:
(185.21, 0, 0, 12.95)
(ii) To allow for surrenders, we assume that 3% of the surviving policyholders surrender at the end of the first and second policy years. We need to calculate the surrender values and adjust the profit vector accordingly.
The surrender value for each policy is the policyholders' fund value minus a surrender penalty of $50.
Let's calculate the revised profit signature per policy sold:
Year 1: 185.21 - (0.03 * 185.21) - 50 = 134.62
Year 2: 0 - (0.03 * 0) - 50 = -50
Year 3: 0
Year 4: 12.95 - (0.03 * 12.95) = 12.57
The revised profit signature per policy sold is:
(134.62, -50, 0, 12.57)
(iii) To calculate the net present value (NPV) of the revised profit signature, we use a risk discount rate of 8% per annum.
The NPV is obtained by discounting each cash flow at the discount rate and summing them up.
NPV = (134.62 / (1 + 0.08)^1) - (50 / (1 + 0.08)^2) + (12.57 / (1 + 0.08)^4)
Simplifying the equation, we find:
NPV = 120.15 - 43.62 + 9.66 = 86.19
Therefore, the net present value of the revised profit signature is $86.19.
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What is the bond price of a semi-annual zero coupon bond if the interest rate is 8%, face value is $1,000, and maturity is 5 years 1.$680.58 2. $821.93 3. $675.56 4. $463.19
Answers
The bond-price of a semi-annual zero coupon bond with an interest rate of 8%, a face value of $1,000, and a maturity of 5 years is $675.56.
The formula to calculate the price of a zero coupon bond is as follows:
Bond Price = Face Value / (1 + (Yield / 2))^ (Number of Periods)
In this case, since the bond pays semi-annual coupons, the number of periods is 2 times the number of years to maturity, which is 10 periods.
Plugging in the values, we get:
Bond Price = 1000 / (1 + (0.08 / 2))^10 = 1000 / (1.04)^10 ≈ 1000 / 1.42571 ≈ $675.56
Therefore, the bond price of the semi-annual zero coupon bond is approximately $675.56.
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a change that is made in response to arising problems or opportunities is called __________.
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假設你目前正經營一項事業，你預計將在海外開設一個營運據點。 1. 請自行設定你的事業內容，並予以說明。 2. 請自行設定你預計在海外何處開設營運據點，以及營運據點的功能為何（如負責銷售或生產）。請說明你的設定，以及解釋為何選擇在該國設置據點。 3. 請蒐集資料分析在你所選擇的國家設置營運據點，在營運時，可能需要注意的政治風險有哪些，對你的事業可能會產生什麼樣的影響？ ※政治風險包含的層面很廣，包含當地政府對於資金匯回的管制、匯兌管制、對污染及勞工權益的態度、對外國企業的額外賦稅規定、當地消費者的態度（如傾向於買國貨）、當地政府的運作不效率或腐敗，以及戰爭等。
Answers
the question is
Suppose you are currently running a business and you expect to open an operating base overseas. 1. Please set your own business content and explain it. 2. Please set yourself where you plan to open an operation base overseas and what the functions of the operation base are (such as responsible for sales or production). Please explain your settings and explain why you chose to set up a base in this country. 3. Please collect data and analyze the establishment of an operating base in the country of your choice. What are the political risks that you may need to pay attention to when operating, and what impact may it have on your business? ※Political risks include a wide range of levels, including local government's control of fund repatriation, exchange control, attitudes to pollution and labor rights, additional tax regulations for foreign companies, and local consumers' attitudes (such as tending to buy domestic products) , Inefficiency or corruption of local government operations, and wars.
Please explain the calculation
If the Australian dollar devalues against the Japanese yen by \( 10 \% \), the yen will appreciate by \( 10.11 \% \) \( 11.11 \% \) \( 33.32 \% \) \( 25.55 \% \)
Answers
If the Australian dollar devalues against the Japanese yen by 10%, the yen will appreciate by 11.11%.
The calculation of the yen's appreciation can be explained as follows. When the Australian dollar devalues against the Japanese yen by 10%, it means that the value of the Australian dollar decreases relative to the yen. In other words, you would need more Australian dollars to buy the same amount of yen.
To calculate the yen's appreciation, you can use the formula:
Appreciation percentage = (1 - devaluation percentage) x 100
In this case, the devaluation percentage is 10%. So, substituting it into the formula, we get:
Appreciation percentage = (1 - 0.10) x 100 = 0.90 x 100 = 90%
Therefore, the yen will appreciate by 90% against the Australian dollar. However, to express it as a percentage change relative to the yen, we need to subtract this percentage from 100%. So, the yen's appreciation relative to the Australian dollar is:
100% - 90% = 10%
Hence, the yen will appreciate by 11.11% when the Australian dollar devalues against the Japanese yen by 10%.
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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answers
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUwhat was one argument made for the construction of the panama canal? responses it would result in lower tariffs on foreign goods. it would result in lower tariffs on foreign goods. it would allow ships to move swiftly from the atlantic and the pacific in the event of a war. it would allow ships to move swiftly from the atlantic and the pacific in the event of a war. it would divert attention away from u.s. encroachment on canadian soil. it would divert attention away from u.s. encroachment on canadian soil. it would add an additional port of entry for immigrants coming to the u.s.
Answers
Based on a historical perspective the one argument made for the construction of the Panama Canal is that "it would allow ships to move swiftly from the Atlantic and the pacific in the event of a war."
The Construction of Panama Canal.The construction of the Panama canal was done in 1914 and covers about 82 km of waterway in Panama that connects the Atlantic Ocean with the Pacific Ocean and splits up North and South America.
The Panama Canal construction was essential for the political economy of the United States it cuts across the Isthmus of Panama which serves as a conduit for maritime trade.
There are various reasons or arguments for the construction of the Panama canal.
The reasons for building the Panama canal areIt would prevent warfare among competing countriesIt would lessen the distance, cost, and time it took for ships to carry cargo between the Atlantic and the Pacific OceansIt would eliminate the danger of earthquakes in Nicaragua.Hence, in this case, it is concluded that the correct answer is "it would allow ships to move swiftly from the Atlantic and the pacific in the event of a war."
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what is a provision in a contract mandating that all disputes arising under the contract be settled by arbitration called?
Answers
A contract's binding arbitration clause, which stipulates that any disputes arising out of it must be resolved by arbitration, is the main mechanism for obtaining arbitration.
The parties include an arbitration of clause in the relevant contract for any potential future issues emerging under it. By agreeing to a contract that includes a mandatory binding arbitration clause, you consent to having any and specific disagreements about the terms of the agreement resolved by an arbitrator rather than a judge. You might also consent to give up additional rights, like the right to file an appeal or take part in a class action lawsuit.
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QUESTION 1
All of the following are barriers to entering global markets EXCEPT:
A. Protectionism
B. Restrictions on trans-border data flow
C. Protection of intellectual property
D. FDA regulations on imported products
E. Cultural barriers and adaptation
Help ASAP!!!!!
Answers
Answer:
D. FDA regulations on imported products
Explanation:
The barriers to entering global markets are; protectionism, restrictions on trans-border data flow, protection of intellectual property and cultural barriers and languages. Most counties that uses the aforementioned does so basically to protect their home industries from foreign competition and also to safeguard the interest and wellbeing of its citizenry. However, no country can stand on its own as countries have comparative advantages over each other in production of certain products.
With regards to the above, FDA(food and drug adminstration) regulations on imported product is not a barrier to entering global market. FDA are body that makes regulations that all imported products must meet the same standard as the local goods hence must be safe to eat, pure, wholesome and manufactured under clean conditions. It also state that drugs, cosmetics must be produced from approved materials hence must meet standards already established by the board. They are basic requirements that must be meet before foreign products are allowed into the country.