The Duffy Design Group demonstrated the effectiveness of graphic design in its label for ________ , which helped increase sales in spite of a small advertising budget.
Answers
Answer:
Classico spaghetti sauce
Explanation:
Since in the question it is mentioned that the Duffy Design Group represents the graphic design effectiveness for labeling the product i.e. Classico spaghetti sauce due to which the company is able to accomplish its target share and capture the maximum share in the market place rather having the less advertising budget
Therefore it is a Classico spaghetti sauce product
Related Questions
Audrey, a team leader, wanted to make some changes in the seating arrangement of her team members to improve communication. She outlined a plan that she thought would suit everybody and sent it to all the members, asking them for their opinions and suggestions. This is an example of
Answers
The example of communication illustrated by Audrey is two-way communication.
What is communication?
It should be noted that communication simply means the exchange of information between parties.
In this case, Audrey outlined a plan that she thought would suit everybody and sent it to all the members, asking them for their opinions and suggestions. This form of communication that is illustrated by Audrey is two-way communication.
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Covering up incidents, abusing sick days, lying to a supervisor, taking credit for a colleague's ideas, and inflating grades on a résumé are examples of
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Covering up accidents, taking advantage of sick days, telling lie to the boss, appropriating a coworker's ideas, and exaggerating grades on a resume are some examples of unethical actions.
A candidate for a job creates a formal document called a résumé that outlines their qualifications for the position. A resume is typically accompanied with a personalized cover letter in which the applicant expresses interest in a certain job or company and highlights crucial details from the CV.
The term "unethical behavior" refers to conduct that deviates from societal norms or is seen negatively by the general public. The exact opposite of unethical activity is ethical behavior. The public accepts ethical behavior because it adheres to the majority of societal standards.
One of the biggest problems in today's society is the prevalence of unethical behavior, which includes lying, cheating, organizational misbehavior, and many other types. Extreme incidents and expensive frauds are frequent, as the media frequently emphasizes.
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What are the three 3 objectives of financial planning?
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objectives of financial planning are identifying the investment, resource, and financial needs of the future. choosing the financial sources. efficient administration or use of these monies. locating plan's dangers and problems.
What does the phrase "financial planning" mean?In order for a company to fulfill its strategic goals and objectives, financial planning must be done. The Financial Plan is often developed by a corporation as soon as the vision and goals have been established. According to common usage, a financial plan is a thorough assessment of a person's present earnings and future financial condition that uses currently available information to forecast future earnings, asset values, and withdrawal schedules.
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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.
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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 YOUInternet is both boon and curse. Justify the statement
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Why Internet is a boon :-
Because of internet, world has became a global village.
Internet encourages freedom of speech.
Internet is empowering everyone including those who are residing at remotest places.
Internet has created a lot of opportunities that weren’t there before. It created a lot of jobs.
Education got globalized. Students can take any course in any college through E-learning.
New innovations and resources can now be shared easily.
Transfer of files was made easy.
There is no limit to store information in the internet.
Communication has never been this easier.
We can pay bills or buy items from home, that would have required to go outside otherwise.
We can find information about anything.
We can develop our skills through many free courses available in internet.
Internet can be used for entertainment such as playing video games, watching movies etc.
The scope of gossips on celebrities is reducing because now celebrities are able interact with fans directly through social media.
Why Internet is a bane :-
According to researchers, our concentration levels are decreasing with the overwhelming usage of internet as we are concentrating on a lot of things at the same time.
Our memory power is reducing. With the growing usage of internet, we are not using our minds as much as we did when there was no internet. We used to store a lot of information in our minds and we used do simple math without using our phones etc.
The present generation has way too many distractions because of internet.
Lack of security, because hackers can easily theft data or can manipulate it.
Face to face communication has reduced.
Everyone can express their own views. But lots of misleading information too available in the internet. Children and youth can easily be misled by that.
Through Internet, viruses and malware spread easily and total data can get corrupted.
Many waste their precious time on internet.
Gossips spread easily. The privacy of celebrities is diminishing.
Internet addiction is now one of the modern world problems.
Conclusion :-
Internet is definitely a boon. It brought the world closer and made our lives easier. We should utilize technology to compete with this fast world. But every coin has two sides. It’s up to us to receive good and to leave bad.
Drag each task to the correct category.
Answers
Common travel and tourism tasks: Organizing trips for customers, Giving out informational brochures, Taking reservations over the phone.
Other tasks: The 3 left over.
Common travel and tourism tasks: Organizing trips for customers, Giving out informational brochures, Taking reservations over the phone.
Other tasks: Teaching a class, Cleaning hotel rooms, Operating equipment in a gym.
What is travel and tourism ?The word 'travel' comes from the Old French word 'travail,' which meant heavy labour. Travel is the movement of people or objects such as aeroplanes, boats, trains, and other modes of transportation between different geographical locations.
In our minds, tourism is associated with vacation, holidays, pleasure, tours and travels, attractions, historic or scenic locations, and travelling to or from somewhere. Tourism has existed since the pre-industrial age, with common examples including Nile River cruises, tours led by wealthy Egyptians, Greeks, and Romans, and the grand tour.
People travel to other places from their normal place of residence for short periods of time and consume goods and services such as transportation, lodging, and so on, and the entire process is known as tourism.
Therefore, each task is dragged to the correct category.
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What is added to the price of goods and services at the time of purchase?
Answers
Answer:
VAT
Value Added Tax
______________'_''
The compound interest rate per year that amounts of $1,000 one year ago and $1,345.60 one year hence are equivalent to is closest to Multiple Choice a. 8.5% per year b. 10.8% per year c. 20.2% per year d. None of the above.
Answers
The compound interest rate per year that would make $1,000 one year ago equivalent to $1,345.60 one year later is closest to 8.5% per year. This corresponds to option A.
To find the compound interest rate, we can use the formula for compound interest:
Future Value = Present Value * (1 + Interest Rate)^n
Given that $1,000 one year ago is equivalent to $1,345.60 one year later, we can set up the equation as:
$1,345.60 = $1,000 * (1 + Interest Rate)^1
Dividing both sides by $1,000 gives:
1.3456 = 1 + Interest Rate
Subtracting 1 from both sides gives:
Interest Rate = 1.3456 - 1 = 0.3456
Converting this to a percentage, we get:
Interest Rate = 0.3456 * 100 = 34.56%
Therefore, the compound interest rate per year that makes $1,000 one year ago equivalent to $1,345.60 one year later is approximately 34.56% per year. Among the given options, the closest value to this rate is 8.5% per year (option A).
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ok so plz do not take these points.
if ur reading this plz listen to ghost by badflower and then answer and tell me what u think and if u have also recently felt like that.
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Answer:
its a good song i think its touching and yes i have recently felt like that.
Explanation:
what are the outputs of the production process with regards to goods and services
Answers
Answer: they will go faster
Explanation: it does a thing.
telephone solicitations, mail, infomercials, catalogs, and e-mails can all be considered part of
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Telephone solicitations, mail, infomercials, catalogs, and e-mails can all be considered part of Selling.
Selling is a two-way conversation between a buyer and a seller intended to sway the buyer's choice to buy. This can include infomercials, catalogues, telemarketing calls, postal solicitations, and emails.
A phone call that serves as an ad is referred to as a telephone solicitation. However, under FCC regulations, some phone solicitations are allowed, such as those made with your express consent, by or on behalf of a tax-exempt non-profit organisation, or from a person or organisation.
Telesales may be a highly lucrative method to start a sales career with a little bit of skill and technique. We've included some of the greatest advice and strategies for making your sales calls effective, pleasant, and—most importantly—profitable in this post.
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Marketers for a drugstore chain chose two resort areas to test market a new sunscreen lotion. After a summer of varying the selling price and recording the monthly demand, the marketers arrived at the demand table shown below where y is the number of bottles of sunscreen purchased per month (in thousands) at x dollars per bottle.
X 5.0 5.5 6.0 6.5 7.0
Y 2.0 1.7 1.6 1.2 1.1
a. Use the method of least squares to find a demand equation. The demand equation is y enter your response here. (Type an expression using x as the variable. Round to the nearest hundredth as needed.)
b. If each bottle of sunscreen costs the drugstore chain how should the sunscreen be priced to achieve a maximum monthlyprofit? The price should be $ enter your response here. (Round to the nearest cent as needed.)
Answers
The demand equation for the sunscreen lotion can be found using the method of least squares. The demand equation is y = -0.35x + 3.15.
To find the demand equation using the method of least squares, we need to find the equation of a line that best fits the given data points. The equation of a line is typically represented as y = mx + b, where m is the slope and b is the y-intercept.
Step 1: Calculate the mean of the x-values and the mean of the y-values.
mean(x) = (5.0 + 5.5 + 6.0 + 6.5 + 7.0) / 5 = 6.0
mean(y) = (2.0 + 1.7 + 1.6 + 1.2 + 1.1) / 5 = 1.52
Step 2: Calculate the differences between each x-value and the mean of x, and the differences between each y-value and the mean of y.
x - mean(x): -1.0 -0.5 0.0 0.5 1.0
y - mean(y): 0.48 0.18 0.08 -0.32 -0.42
Step 3: Calculate the product of the differences obtained in Step 2.
(-1.0) * 0.48 = -0.48
(-0.5) * 0.18 = -0.09
0.0 * 0.08 = 0.0
0.5 * (-0.32) = -0.16
1.0 * (-0.42) = -0.42
Step 4: Calculate the squared differences of x - mean(x).
(-1.0)² = 1.0
(-0.5)² = 0.25
0.0² = 0.0
0.5² = 0.25
1.0² = 1.0
Step 5: Calculate the sum of the squared differences obtained in Step 4.
1.0 + 0.25 + 0.0 + 0.25 + 1.0 = 2.5
Step 6: Calculate the sum of the product of the differences obtained in Step 3.
-0.48 + (-0.09) + 0.0 + (-0.16) + (-0.42) = -1.15
Step 7: Calculate the slope (m) of the line.
m = sum of the product of differences/sum of squared differences
= -1.15 / 2.5
= -0.46 (rounded to the nearest hundredth)
Step 8: Calculate the y-intercept (b) of the line using the mean values from Step 1.
b = mean(y) - (m * mean(x))
= 1.52 - (-0.46 * 6.0)
= 1.52 + 2.76
= 4.28
Therefore, the demand equation for the sunscreen lotion is y = -0.35x + 3.15.
To find the price that achieves maximum monthly profit, we need to consider the cost of producing each bottle of sunscreen. Since the cost is not provided in the question, we cannot determine the exact price.
However, the general strategy is to set the price where the demand equation intersects the cost equation. The cost equation represents the cost per bottle, including production and any other associated costs. By setting the price at this intersection point, the drugstore chain can maximize its profit.
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Your company is looking at purchasing a front-end loader and has narrowed the choice down totwo loaders. Loader 1 costs $150,000 with a useful life of seven years with a salvage value of
$10,000 at the end of the seventh year. Loader 2 costs $110,000 with a useful life of five years
with a salvage value of $10,000 at the end of the fifth year. The annual profit for either one is
$20,000. Using a MARR of 20%, which alternative should your company buy?
Answers
Based on the provided information and a minimum attractive rate of return (MARR) of 20%, the company should choose Loader 1 over Loader 2 for purchase.
To determine the better option, we need to calculate the present worth (PW) of each loader and compare them. Loader 1 has a useful life of seven years, and Loader 2 has a useful life of five years.
Both loaders have a salvage value of $10,000 at the end of their respective lifespans.
For Loader 1, the initial cost is $150,000, and the annual profit is $20,000.
Using the MARR of 20%, we can calculate the annual equivalent worth (AE) of the annual profit using the formula AE = (Annual Profit - Salvage Value) / (1 + MARR)^n, where n is the number of years. Substituting the values, AE1 = ($20,000 - $10,000) / \((1 + 0.20)^7\)= $9,090.91.
For Loader 2, the initial cost is $110,000, and the annual profit is also $20,000. Similarly, calculating the AE, we get AE2 = ($20,000 - $10,000) / (1 + 0.20)^5 = $10,909.09.
To find the PW, we multiply the AE by the appropriate factor: PW = AE * (1 + MARR)^n. For Loader 1, PW1 = \($9,090.91 * (1 + 0.20)^7\) = $53,527.19. For Loader 2, PW2 = $10,909.09 * (1 + 0.20)^5 = $55,114.80.
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Please choose the correct answer:
1-To mark the boundary, ip uses a 32-bit value known as
Subnet mask
Address mask
both address mask or subnet mask
none of them
2-When two neighbouring routers in different autonomous systems agree to exchange
routing information regularly it is called
Neighbor acquisition
Neighbour reachability
Network reachability
Non of them
Answers
To mark the boundary, IP uses a 32-bit value known as a subnet mask.
When two neighboring routers in different autonomous systems agree to exchange routing information regularly, it is called "Neighbor reachability."
What is the subnet mask?The utilization of a subnet mask facilitates the division of an IP address into distinct network and host parts, which in turn enables appropriate routing and communication within a network.
Neighbor reachability involves the establishment and upkeep of a routing relationship between the routers, which permits them to share data about network reachability and identify the most optimal paths for transmitting data packets.
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Saturated fatty acids predominate in which of the following lipids?
1. canola oil
2. safflower oil
3. butter
4. olive oil
Answers
1. Butter saturated fatty acids predominate in butter. It is a solid fat derived from animal sources, primarily milk. Saturated fats are typically solid at room temperature.
Canola oil, safflower oil, and olive oil, on the other hand, contain predominantly unsaturated fatty acids and are liquid at room temperature. These oils are derived from plant sources and are considered healthier options due to their higher levels of monounsaturated and polyunsaturated fats.
Saturated fatty acids are a type of fat that consists of carbon atoms bonded to hydrogen atoms with no double bonds between the carbon atoms. This structure makes them straight and allows them to pack tightly together, resulting in a solid state at room temperature.
Butter, which is derived from animal sources, primarily milk, contains a significant amount of saturated fatty acids. That's why butter is solid at room temperature. Saturated fats are known to increase LDL (bad) cholesterol levels in the body and are associated with an increased risk of heart disease.
On the other hand, canola oil, safflower oil, and olive oil are derived from plant sources and contain predominantly unsaturated fatty acids. Unsaturated fats have one or more double bonds between carbon atoms, causing a kink in their structure. This kink prevents them from packing tightly, resulting in a liquid state at room temperature. Canola oil, safflower oil, and olive oil are considered healthier options because they contain higher levels of monounsaturated and polyunsaturated fats, which are associated with a lower risk of heart disease when consumed in moderation.
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What are the three main types of savings accounts?
Answers
The three main types of savings accounts are traditional savings accounts, money market accounts, and certificates of deposit (CDs).
Traditional savings accounts offer basic savings features and often have the lowest minimum deposit requirements. It is the most common type of saving account.
Money market accounts offer higher interest rates, limited check-writing privileges, and higher minimum deposit requirements. Certificates of deposits are available for a set period of time, usually from 3 months to 5 years, and offer higher interest rates than traditional savings accounts.
Each of these accounts brings its own advantages and disadvantages, so it's important to research each option before deciding which is best for your financial needs.
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( By the way, this is a question related to financial accounting.) International Investment Group is looking to invest $95,000 into a company. Where should International Investment Group look for relevant information about the company's performance? A. The company's Management Books B. The company's Tax Books C. The company's Budgets D. The company's Financial Books
Answers
Answer:
The correct option is;
The company's Financial Books
Explanation:
In order to effectively and clearly let interested parties access pertinent information about a company, financial books are kept which show the companies economic performance and its position related to financing. Information about a company can be located in financial statements including shareholders equity, cash flow statements, income statements and balance sheets.
USD 1 = BRL 5.12 (BRL: Brazilian Real)
CAD 1 = USD 0.78 (CAD: Canadian Dollar)
CAD 1 = BRL 4.2
Is there triangular arbitrage opportunity? How much would the arbitrage profit be if you have $1 million USD to start with? What market forces would occur to eliminate any further possibilities of triangular arbitrage?
Answers
The market forces that would occur to eliminate any further possibilities of triangular arbitrage are the convergence of cross rates across markets. If cross rates do not converge, it creates an opportunity for arbitrage, which results in market forces correcting the deviation and eliminating the opportunity.
Given: USD 1 = BRL 5.12; CAD 1 = USD 0.78; and CAD 1 = BRL 4.2To check if there is a triangular arbitrage opportunity, we can use the cross-rates formula:i.e., cross rate between A and C = cross rate between A and B x cross rate between B and CFrom the given rates, we can calculate:
Cross rate between USD and BRL = USD 1/BRL 5.12 = 0.1953125Cross rate between CAD and BRL = CAD 1/BRL 4.2 = 0.2380952Cross rate between CAD and USD = (CAD 1/USD 0.78) = 1.2820513Now, Cross rate between USD and BRL = Cross rate between CAD and BRL ÷ Cross rate between CAD and USD= 0.2380952/1.2820513 = 0.1853125The current rate (0.1953125) is greater than the calculated rate (0.1853125), so there is a triangular arbitrage opportunity. The arbitrage profit can be calculated as follows:
Starting with USD 1,000,000, we can calculate the profit as follows:
USD 1,000,000 x 0.1953125 = BRL 1,953,125BRL 1,953,125 x 0.2380952 = CAD 465,116.28
CAD 465,116.28 x 0.78 = USD 362,881.42
Profit = USD 362,881.42 - USD 1,000,000 = USD 637,118.58
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You're given a monthly budget of $400 for social media advertising. You want to set a daily budget for February to insure you don't overspend for the month. What is your daily budget? (It is not a leap year.)
Answers
Answer:
$14.28
Explanation:
you will have a couple of cents left over at the end because you cant evenly divide 400 by 28
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
What is the difference between revolving and term credit?
Answers
Answer: Revolving credit offers borrowers the option to draw funds up to a limit while ,Term credit is the agreement between a seller and buyer that lists the timing and amount of payments the buyer will make in the future.
what is the present value (as of today) of the expected cash flow produced by a building in 3 years if the building is worth $2300000, the cost of capital is 4.0%, and annual fixed cash flows are expected with the first one due in one year?(round the value to 0th decimal to get a whole number)
Answers
The present value of the expected cash flow from a building worth $2300000, with an annual fixed cash flow and the first one due in one year, is $2,116,537 when the cost of capital is 4.0%.
This value can be calculated by using the present value formula, which takes into account the time value of money and the cost of capital.
Calculate the annual fixed cash flow (CF): CF = $2300000 / 3 = $766667.Calculate the present value (PV): PV = CF / (1 + r)^n, where r is the cost of capital (4.0%) and n is the number of years (3).Plug in the values into the equation: PV = $766667 / (1 + 0.04)^3 = $2,116,537.Round the value to 0th decimal to get a whole number: $2,116,537.The present value of the expected cash flow is $2,116,537.
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Lindsay is a personal trainer who works with athletes to get them ready for their events. She helps them learn how to strengthen their muscles and keep their bodies in prime condition so that they will perform at their best. The pathway in the Education and Training cluster that Lindsay’s career falls into is _____.
Answers
Answer: Fitness trainer
Explanation:
A fitness trainer is an individual who is responsible for the sole purpose of training individuals on how they can keep their body in fit condition, either for competition reasons, for their health sake or a personal decision by them. Most fitness trainer are paid and they are professionals who have undergone training either by education or have been taught by someone to carry out such practise
Answer:
C. Professionals Support Services
Explanation:
write the short note on durable and non durable materials
Answers
In 18th century, what was the main reason of slow down of Indian Foreign Trade
Answers
Answer:
Introduction to India’s Foreign Trade:
Even being a typical poor underdeveloped country, India’s foreign trade was in a prosperous state during the period under review. In terms of volume of trade and the range of commodities entering into trading list, India was better placed compared to other contemporary underdeveloped countries. But that must not be viewed as an indicator of prosperity. Above all, her pattern of trade was definitely different from those of other underdeveloped countries.
India’s composition of trade (i.e., pattern of imports and exports) before 1813 included manufactured goods as well as primary articles in export list and metals and luxury products in the import list. But such pattern of trade was supplanted by the import of manufactured goods and exports of agricultural raw materials and food grains during much of the nineteenth and twentieth century. This must not be the sign of prosperity or cause for jubilation.
Explanation:
Rather, this situation generated much heat and controversy because, instead of being an engine of growth, foreign trade, as engineered by the British Government, exacerbated economic exploitation. It hampered the process of industrialization. It brought untold misery to the masses. Most importantly, of course partly the backwardness of Indian industry and agriculture is ‘the effect of its external trade which moulded into shape the productive mechanism of the country.’
To understand the nature of the controversy it will be fruitful to tell something about the history of India’s foreign trade during 1757 and 1947. The growth of foreign trade during the two centuries can be divided into following unequal periods: 1757 to 1813, 1814 to 1857, 1858 to 1914, and from 1915 to 1947.
The first period—the early years of the British East India Company (EIC)—is known as the ‘age of mercantilism’. During the period under consideration trade statistics is not available. However, some sort of institutional changes in trade took place during this period.
In the mid-18th century, Indian foreign trade was mainly conducted by the English, Dutch, French, and Portuguese traders and merchants. But the revolution of 1757 strengthened the supremacy of the British EIC. In the process, the EIC monopolized trade and ousted the other merchants and traders.
Why would you write a complaint to a company?
Answers
Answer:
To discuss with a company about a problem you may be having with their service or product.
Explanation:
For each of the following situations, select whether FIFO, LIFO, or weighted average cost flow method is used.
A. In a period of falling prices, net income would be highest
B. In a period of falling prices, the unit cost of goods would be the same for ending inventory and cost of goods sold.
C. In a period of rising prices, net income would be highest.
D. In a period of rising prices, cost of goods sold would be highest
E. In a period of rising prices, ending inventory would be highest
Answers
FIFO method would produce the highest amount of net income in period of rising prices. In a period of falling prices, the unit cost of goods would be the same for ending inventory and cost of goods sold weighted average cost flow method is used.
Does the statement of cash flows change depending on whether the cost flow technique is FIFO, LIFO, or weighted average?Because they can have an impact on all financial activities and statements, procedures like FIFO, LIFO, and weighted average are crucial components of finance. Modifications to these procedures may lead to an increase.
Does LIFO have a larger net income than FIFO?Since inventory costs have risen recently, LIFO indicates greater COGS and lower net income, but FIFO shows lower COGS and higher net income.
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Has Anna's fasfa been selected for verification? In your own words, describe what the process of verification is.
Answers
Answer: The process of verification is used by schools to confirm that data submitted on the FAFSA form is correct
Explanation:
The process of verification is used by schools to confirm that data submitted on the FAFSA form is correct. When you request the verification, the school would request additional documents to support the information you supplied, this is for clarification and ensuring you are the right person or you own the information.
Backed by the u. S. Government, these financial instruments are fixed-rate debt securities with a maturity of more than one year. They are considered default free but are subject to interest rate risk.
Answers
Securities that are backed by the U.S. Government that mature in a period more than a year are called Treasury Notes.
What are Treasury Notes?They are issued by the government as a means to borrow money. They mature in more than a year.Treasury notes are default free which means that they have no default or credit risk. They will however, have interest rate risk because they offer a fixed rate of interest.
In conclusion, these are treasury notes.
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4. Many opponents of free trade use the following example to illustrate its negative effects:
Joe Smith started the day early having set his alarm clock (MADE IN JAPAN) for 6 AM. While his coffee pot (MADE IN CHINA) was perking, he shaved with his electric razor (MADE IN HONG KONG). He put on a dress shirt (MADE IN SRI LANKA), designer jeans (MADE IN SINGAPORE), and tennis shoes (MADE IN KOREA). After cooking his breakfast in his new electric skillet (MADE IN INDIA) he sat down with his calculator (MADE IN MEXICO) to see how much he could spend today. After setting his watch (MADE IN TAIWAN) to the radio (MADE IN INDIA) he got in his car (MADE IN GERMANY) filled it with gas from SAUDI ARABIA and continued his search for a good paying AMERICAN JOB. At the end of yet another discouraging and fruitless day, he checked email on his computer (MADE IN MALAYSIA) then decided to relax for a while. He put on his sandals (MADE IN BRAZIL) poured himself a glass of wine (MADE IN FRANCE) and turned on his TV (MADE IN INDONESIA), and then wondered WHY he can’t find a good-paying job in America.
Should America encourage free trade with its trading partners or seek a more protectionist approach? Take a stand on this issue. It is not enough to argue BOTH sides of the issue. Support your opinion with good economic reasoning. Who benefits from your approach and who loses? Why? Include impacts on both American citizens and the citizens of the other countries with whom we (U.S.) trade.
Answers
America must note that Free trade affords countries the opportunity to specialize in the production of goods and services that they are most efficient at producing, leading to lower prices and increased access to a variety of goods and services for consumers.
Protectionism, on the other hand, can lead to higher prices and reduced access to goods and services for consumers.
What is the rationale behind the above answer?Note that protectionism can only work under certain factors. China explored this briefly to build capacity then later opened its borders albeit strategically.
Economic protectionism is a policy that limits or controls international trade in order to protect domestic industries. One danger of protectionism is that it can lead to higher prices for consumers.
This is because protectionist measures, such as tariffs, can make imported goods more expensive, which may be passed on to consumers in the form of higher prices.
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