Consider a hypothetical market for salt in Canada. If the world price of salt is $40 per ton and Canada allows free trade, Blank tons of salt would be imported to Canada. Suppose the Canadian government imposes a tariff of $20 per ton on salt. The new price would be equal to Blank.

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Answer 1

Based on the world price of $40, if Canada engaged in free trade, the tons of salt imported would be 1,200 tons.

If a tariff of $20 per ton was imposed, the new price would be $60.

How much salt would Canada import?

Canada would import:

= Domestic demand at $40 - Domestic supply at $40

= 1,800 - 600

= 1,200 tons

If the government imposed $20 tariffs on salt, the price would go to:

= Price of salt + tariff

= 40 + 20

= $60

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Consider A Hypothetical Market For Salt In Canada. If The World Price Of Salt Is $40 Per Ton And Canada

Related Questions

In the tiered architecture, the erp application is stored on the ________ tier

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The erp application is stored on the business logic tier in tiered architecture.

What is an erp application?

Also called a Enterprise resource planning software, involves the use of software, technologies and systems to manage and integrate their core business processes.

As the tiered architecture is concerned, the erp application is stored on the business logic tier.

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The 3 Rs that LaFasto and Larson (2001) identified as imporant to improve performance includes:

require resultreview resultreward result

Who is LaFasto and Carl Larson?

These are economist that explored the performance question for more than 20 year and also proposed a model called "Five Dynamics of Teamwork and Collaboration.

In conclusion, the 3 Rs that LaFasto and Larson (2001) identified as important to improve performance includes require result, review result and reward result.

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The main elements of market structure are

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Answer:

the number and size of sellers, entry and exit barriers, nature of product, price, selling costs.

Last year, Jane spent all of her income to purchase 200 units of corn at $5 per unit. This year, she spent all of her income to purchase 180 units of corn at $6 per unit. a. Jane's nominal income and real income increased this year. b. Jane's nominal income increased this year, but her real income decreased. c. Jane's nominal income decreased this year, but her real income increased. d. Jane's nominal income and real income decreased this year.

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The correct option is B). Jane's nominal income increased this year, but her real income decreased. The reason the nominal increased this year is because she can buy less than last year.

What is nominal and real income?

Nominal income is that income, which is not adjusted for changes in purchasing power. It is the amount of goods or services that an individual can afford with the income, owing to inflation.

The Real income of an individual or a country is income adjusted for inflation. It is an estimation of an individual's actual purchasing power in the open market after accounting for inflation.

Real income sometimes also called real wage when referring to an individual's income.

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Companies that try to act in a socially responsible way are likely to focus on such activities as Multiple select question. increasing the diversity of their workforce hiring only women and minorities providing safety equipment and training for their workers using recyclable packaging

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Companies that try to act in a socially responsible way are likely to focus on such activities as increasing the diversity of their workforce, providing safety equipment and training for their workers using recyclable packaging.

How can companies act in a socially responsible way ?

Companies that are trying to act in a socially responsible way would take steps to ensure that they protect labour, employ more minority groups and take steps to protect the environment. Companies that are trying to act in a socially responsible way often adopt ESG factors in their decision making processes.

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During a sales presentation, your client asks you whether the medicare agency recommends that she sign up for your plan or stay in original medicare. What should you tell her?

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The best thing to tell the client is that the Medicare agency does not endorse or recommend any plan.

What is Medicare?

This refers to the healthcare program in the United States that provides health insurance to people that are over 65 years old.

Hence, we can see that when a person is making a sales presentation and is asked whether there is a recommended plan for them in the medicare agency, the best answer would be to tell the person that the Medicare agency does not endorse or recommend any plan.

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The liquidity, income, price-level, and expectations effects help to explain how changes in velocity can affect the interest rate.

What is the interest rate?

The rate, at which banks and other financial institutions offer the acceptance of deposit from their customers, which are under the control and regulations of the country's central bank, is known as interest rate.

There exists a direct relationship between the interest rate and velocity of the money, which indicates that when the velocity of money in the market increases, the interest rate also increases and vice versa.

Hence, option B holds true and states regarding velocity and interest rate.

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This year you have decided to focus your efforts on marketing to employer group plans. One employer provides you with a list of their retirees and asks you to contact them to explain the characteristics of the plan they have selected. What should you do?.

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The thing that should be done regarding the marketing it it go ahead and call the retirees.

What is marketing?

It should be noted that marketing is the strategies that are put in place in order to increase sales.

In this case, the employer provides you with a list of their retirees and asks you to contact them to explain the characteristics of the plan they have selected. It is important to call them.

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Productivity is the Blank______ at which goods and services are produced based upon total output given total inputs. Multiple choice question. rate input output process

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Productivity is the "rate" at which goods and services are produced based upon total output given total inputs.

What is rate pf productivity?

In economics, productivity is the ratio of output to input, such as labour, capital, or any other resource. It is frequently determined for the economy as a ratio of hours worked to gross domestic product (GDP).

Labour productivity is calculated by the formula-

the labour productivity equation: total output / total input.

The residual of any discrepancy between the rate of output growth and the rate of input growth is used to calculate productivity growth.

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Mr. Fitzgerald is selling his home to permanently move into a retirement facility near his daughter in a neighboring state before the annual election period. He has a stand-alone prescription drug plan and has learned it is not available where he is moving. He doesn’t know what he should do. What can you tell him?.

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Answer:b.

Because he is moving outside of the service area, the plan must automatically disenroll him. He will have a special election period to select a new plan.

Explanation:

Despite the fact that he's transferring outdoor of the provider location, the plan should robotically disenroll him. He could have a special election length to pick out a new plan.

What is a stand-alone prescription drug plan?

A PDP is often known as a “stand-by myself prescription drug plan” because it is separate prescription drug insurance that Medicare beneficiaries can purchase – thru private insurers – commonly to supplement unique Medicare.

What are the four prescription drug insurance levels?

For the duration of the year, your prescription drug plan prices might also change depending on the insurance degree you are in. When you have an element D plan, you pass via the CMS coverage degrees on this order: deductible (if applicable), initial coverage, insurance hole, and catastrophic coverage.

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Question 9(Multiple Choice Worth 5 points) (04.03 LC) In our culture, one recent fatal event is common and does not affect the insurance business may encourage individuals to decrease insurance coverage may trigger fear and, therefore, more insurance sales frequently results in switching insurance companies

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The pandemic and measures were taken to control the spread disease have significantly disrupted economic activity in countries around the world, resulting in significant business interruption losses.

What was the impact of pandemic over the insurance businesses?

Businesses across many sectors of the economy faced major decline in the revenue during the pandemic due to which government direct them to close their businesses.

Insurers and their associations around the world stated that most of the policyholders have not acquired insurance coverage which will respond to the business interruption losses that result from pandemic business closures.

Business interruption insurance against pandemic risk could be provided with support from governments based on the experience of risk insurance programs.

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HELPPPPP

Is this statement correct? "My social security plus what I have put in a regular
savings account will cover all of my retirement expenses."
A. Yes. That sounds about right.
B. No. I can live on less than that. All I need is social security.
C.
No. Three years income and the 25% I may receive from my company's
pension plan will take care of me.
No. I should plan on having a retirement income that is 80% of my working
D.
income.
Question 4

Answers

Answer:

Yes, that sounds about right

Explanation:

Till the age of retirement, a person's mostly expenses are finished, like growing his children, educate them, get them married, etc. He is left with only few expenses like running the house or meet his personal expenses. So the Social Security and some regular savings would be enough for him to lead a respectable life in the society. Also, his children are settled enough to fulfill his expenses at this point of his life. So there is no necessity to invest in a retirement plan that pays you 80% of your regular income. Social security and savings would be enough for the person.

What is cyberbullying? Why does it happen so often?

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Answer:

Cyberbullying happens for many of the same reasons as any other type of bullying, but it may be even more appealing because it can be done anonymously. two kinds of people who are likely to bully: those who are popular and those who are on the social fringes.

Popular kids or teens may bully because:

They see it as a way to stay popular.

Hurting others makes them feel powerful.

Kids or teens who are less socially successful may bully because:

It helps them cope with their own low self-esteem.

They think it will help them fit in with their peers.

They have trouble empathizing with those they hurt.

Kent bought a $1,000, 20-year U.S. Treasury bond that paid six percent annual yield when he was 22. How much would that bond be worth 20 years later when it matured?

Answers

The bond bought by Kent at the age of 22 for $1000 at the rate of six percent will be worth around $3207 at maturity.

What is a bond?

A bond is a debt instrument, which is subscribed by an individual at a fixed rate of return, in order to earn a secured rate of return at the time of maturity of such bond.

The formula used to calculate the rate of maturity of bond will be as below,

[tex]\rm Compounded\ Annuity\ = Amount(\dfrac{1}{1+rate})^n\\\\\rm Compounded\ Annuity\ = 1000(\dfrac{1}{1+0.06})^2^0\\\\Compounded\ Annuity= \$3,207.14[/tex]

Hence, the rate of return of the bond on maturity is as calculated above.

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When going downhill, a truck's momentum makes it ____ so you'll have to ____ to pass it

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When going downhill, a truck's momentum makes it go faster so you'll have to speed up to pass it.

What is a momentum?

momentum can be expressed as the product of the mass of a particle as well as the velocity of the object .

Momentum serves as vector quantity because of its magnitude as well as direction, hence, When going downhill, a truck's momentum makes it go faster.

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Johnson Co. has 1,000,000 euros as payables due in 30 days, and is certain that the euro is going to appreciate substantially over time. Assuming the firm is correct, the ideal strategy is to: a.remain unhedged. b.purchase euro currency put options. c.purchase euro currency call options. d.sell euros forward. e.purchase euros forward.

Answers

Based on the fact that the Euro will appreciate, the best thing for Johnson Co. to do is to e.purchase euros forward.

What should Johnson Co. do?

The fact that the Euro is going to appreciate in value means that Johnson Co. will have to pay more in future.

They should therefore lock in a favorable Euro rate now by purchasing Euros at a forward rate.

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Sales made on account are recorded with a debit to Accounts Receivable and credit to Sales Revenue for the price times the quantity. Management knows that some of those accounts will not be collected but is unsure which specific customers it will be. Thus, management estimates the amount and records an adjusting entry. Later, when the specific non-paying customer is identified, it writes off the account. The effect of the write off on the accounting equation is to _____. Multiple choice question. increase one asset and decrease another increase assets and stockholders' equity increase liabilities and decrease stockholders' equity reduce assets and stockholders' equity

Answers

The correct answer is option A. The effect of the write-off in the accounting equation is to increase one asset and decrease another.

What is a write off in accounting?

This is a term that is used to refer to the removal of all accounts that are uncollectible for the general ledger of the business.

It is a write off when a person is not able to carry out all of the obligations that they are supposed to do.

Answers

Answer:

The market segmentation theory.

Explanation:

Market segmentation theory holds that long-term and short-term interest rates are unrelated. It also argues that the current interest rates for short, intermediate, and long-term bonds should be assessed individually, as if they were products in various debt securities markets.

According to market segmentation theory, each asset maturities market group is primarily composed of investors who, in this example, choose to invest in securities with certain durations such as short-term, long-term, or intermediate. Furthermore, the theory states that buyers and sellers in the short-term securities market have unique characteristics and motives when opposed to buyers and sellers in the long-term and intermediate maturity securities markets.

Reference: Snellman, Kaisa. From One Segment to a Segment of One-The Evolution of Market Segmentation Theory. Svenska handelshögskolan, 2000.

A business's accounting systems include a(n) _____ system, which tracks the amounts of money owed and paid by customers to the company and from the company to vendors and others.

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A business's accounting systems include an account receivable system, which tracks the amounts of money owed and paid by customers to the company and from the company to vendors and others.

What is an accounting system?

The business accounting system is what assist a business keep track of the business transactions which includes income and other related expenses.

Hence, a business's accounting systems include an account receivable system, which tracks the amounts of money owed and paid by customers to the company and from the company to vendors and others.

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Your Competitive Intelligence team reports that a wave of product liability lawsuits is likely to cause Chester to pull the product Cute entirely off the market this year. Assume Chester scraps all capacity and inventory this round, completely writing off those assets and escrowing the proceeds to a settlement fund, and assume these lawsuits will have no effect on any other products of Chester or other companies. Without Chester's product Cute how much can the industry currently produce in the Core segment

Answers

The answer should be 2

Joni is a financial planner for ABC firm. She provided all of her clients with the same products. She felt this was OK since she had thoroughly researched them years ago and found them to be excellent. By concentrating her recommendations with a few firms, she was able to receive commission bonuses. She never discussed their goals and characteristics with her clients unless they brought them up. Explain her violations of SEC and CFP regulations. Indicate what should be done.

Answers

She is in violations of SEC and CFP regulations because she impose her own opinion or want on the client without the clients knowledge.

What is the case about?

The case above is failure of Joni to divulge some vital information regarding a product to her client.

Note that Joni is ok with the product, that does not mean that the client will still be okay with it. She is suppose to tell her client all that they need to know and then they can decide what to do and she failed to do so and as such She is in violations of SEC and CFP regulations because she impose her own opinion or want on the client without the clients knowledge.

The solution is that she needs to tell her client what she omitted, tender an apology and also she should explain all that there is to know to the client.

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Selzer inc. sells all of its merchandise on credit. it has a profit margin of 4 percent, days sales outstanding equal to 60 days, receivables of $150,000, total assets of $3 million, and a debt ratio of 0.64. the firm's return on equity (roe) is:

Answers

If Selzer inc. sells all of its merchandise on credit. The firm's return on equity (roe) is: 3.3%.

Return on equity

First step

0.64= TD / $3,000,000

TD = $1,920,000

Second step

DSO ratio = accounts receivable / (annual sales / 365 days)

60 = $150,000 /(sales/365)

Sales = $912,500

Third step

Total Equity

TE= $3,000,000 - $1,920,000

TE = $1,080,000

Fourth step

Net Income

Profit Margin = NI/Sales

0.04 = NI / $912,500

NI = $36,500

ROE= $36,500 / $1,080,000

ROE= 3.3%

Therefore The firm's return on equity (roe) is: 3.3%.

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The Federal Reserve's Open Market Committee has decided that the federal funds rate should be 0.5 percent rather than the current rate of 1.25 percent. The appropriate open market action is to _____ Treasury bills to _____ money _____.

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In this case, the proper open market action is to sell Treasury bills to decrease money supply.

What is an Open Market Action?

An open market action refers to the act of the Federal Reserve Bank to purchase or sell government securities with the aim of contracting or increasing the supply of money in the economy and alter the position of interest rates.

Open market operations are also known as monetary policy tools used to regulate the economy.

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Your teacher gives extra homework on the weekends if the class average on the exam is under 75%. This is an example of:

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The given scenario wherein the teacher is giving extra work on the weekends is a negative incentive. Therefore, Option D is the correct statement.

What do you mean by negative incentive?

Negative incentive or disincentives refers to the methods designed to discourage activities that are dangerous to biodiversity. Examples of disincentives are consumer costs or pollutants taxes.

For example, in this case, the teacher is trying to pressurize the students on the weekends to do extra labor, which can have a negative effect on the motivation of the students.

The missing information is as follows:

-a positive incentive

-neither a positive nor a negative incentive

-both a positive and a negative incentive

-a negative incentive

Therefore, The given scenario wherein the teacher is giving extra work on the weekends is a negative incentive. Option D is the correct statement.

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A consumer contest is an example of Group of answer choices sales promotion. public relations. personal selling. indirect selling. social media.

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In marketing, an example of a Sales promotion is a consumer context.

What is a Sales promotion?

This refers to strategy employed by a firm who uses a campaign or offer to increase the consumer;s interest or demand in its product

Because the consumer context involves making relevant offers when the customer is poised to make a purchase, this is an example of Sales promotion.

Therefore, the Option A is correct.

Answers

Each of the definitions should be matched with the correct term as shown below.

How to match the definitions with the correct term?

In this exercise, you're required to match the following accounting definitions with the correct term as follows:

Overapplied overhead: it is a credit balance in the manufacturing overhead account of a business firm which typically occurs when the expenses (overhead cost) applied to work in process exceeds the actual manufacturing overhead cost it incurred during the period. Underapplied overhead: it is a debit balance in the manufacturing overhead account which typically occurs when the expenses (overhead cost) applied to work in process exceeds the actual manufacturing overhead cost it incurred during the period. Cost of Goods Manufactured: it is the manufacturing costs that are associated with specific units of product that were completed (finished) during the period.Work in process: it is the units of product that have only been completed (finished) and as such would require further work by the workers, before they are ready for sale to customers.

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1. Under which type of law would a dispute concerning copyrights be addressed?

common law

contract law

civil law

statutory law

2. A neighbor hires his son’s friend to mow his grass once a week. His son’s friend is 14 years old. This implied contract would be deemed invalid because it did not meet which component of a valid contract?

capacity

mutual agreement

consideration

legal purpose

3. A police officer pulls you over on the Interstate and gives you a ticket because you broke the law by failing to signal a lane change. What type of law did you break?

common law

statutory law

code law

civil law

Answers

1. (D) Statutory law

Statutory laws are written laws that have been approved by a legislature (either a state or federal legislature).Statutes may require specific action, prohibit them act as declarations of intention or lay out the ways in which government will act in certain circumstances

So, this proves that if any dispute related to copyright be addressed in Statutory law with all rules and regulations.

2. (A) Capacity

Valid contract is a written or expressed agreement between two parties to provide a product or service.An age of a person is defined i.e. 18 years to come in valid contract but if a contract made with a minor is considered as a void contract.

3. (A) Statutory law

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When a shortage of a commodity occurs, we would expect to find that

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When a shortage of a commodity occurs, we would expect to find that the price of the commodity is less than equilibrium price.

What is a shortage?

A shortage occurs when the quantity demanded exceeds the quantity supplied. At this point, he price of the commodity is less than equilibrium price. For equilibrium price to be restored, the price of the commodity would rise until equilibrium is restored.

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marshall corporation had $220,000 in invested assets, sales of:

Answers

The rate of return on investment for Marshall is 30%.

Rate of return on investment

Using this formula

Rate of return=Income form operation/Assets invested ×100

Let plug in the formula

Rate of return=$66,000/$220,000×100

Rate of return=30%

Therefore the rate of return on investment for Marshall is 30%.

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BestCare Health Plan has received a request from a state insurance department in connection with the investigation of several marketing representatives licensed by the state who sell Medicare Advantage plans. What action(s) should BestCare take in response

Answers

In the case above, BestCare response is to cooperate with the state and supply requested information.

What is health plan?

A health plan is known to be a kind of plan that is made for employee welfare benefit and it is often set up or kept by an employer or by an employee firm or both, that gives medical care for its participants.

Note that, In the case above, BestCare response is to cooperate with the state and supply requested information.

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Other Questions

PLEASE HELP. FUNCTIONS AND RELATIONS. PROVIDE ANSWER OPTION A,B,C OR D? THANKS!! Back-fill used for underground wiring shall not damage ____________ or prevent adequate compaction of fill or contribute to corrosion. How do u solve 3/8+1/8-2/7+1/4 English the five input and output divices name Seventy years ago, an advanced cataract ___________ doomed the sufferer to creeping blindness.a. selectivelyb. statisticallyd. invariably Charlene has just begun to be able to form a mental representation of an object that is not visiblypresent According to Piaget, that means that she has made the transition from thestageto thestage Two cars, with the same mass and traveling at the same speed, hit large trees head-on. One car has a rigid body that undergoes little or no deformation in the collision. The other has ``crumple zones'': portions of the body designed to crumple and deform in such a collision. How does this improve the chances that the driver of the second car will survive the event Bond market values are expressed as a percentage of their par (face) value. For example, a company's bonds might be trading at 103, which means that they can be bought or sold for ____ of their par value. Multiple choice question. 0.103% The perimeter of a standard-sized rectangular rug is 24 ft. The length is 2ft longer than the width. Find the dimensions. Thapsigargin is a potent calcium atpase pump inhibitors. What state of the myogram would be affected immediately? Suppose that F(x) = x and G(x) = 3x^2 + 8. Which statement best compares the graph of G(x) with the graph of F(x)?A. The graph of G(x) is the graph of F(x) stretched vertically andshifted 8 units to the left.B. The graph of G(x) is the graph of F(x) compressed vertically andshifted 8 units to the left.C. The graph of G(x) is the graph of F(x) compressed vertically andshifted 8 units up.D. The graph of G(x) is the graph of F(x) stretched vertically andshifted 8 units up. Which of the following most inspired the inclusion in the Declaration of Independence of the right of the people to revolt against a tyrannicalgovernment? In which funtion is x=2 mapped to 32? Beta and Gama Inc. produces an item that currently sells for $250 per unit. Current production costs per unit includes direct materials of $30, direct labor of $25, variable overhead of $15, fixed overhead of $20, and total production costs of $90. Beta and Gama Inc. has received a special pricing offer from a nonprofit organization to buy 1,000 units at $200 per unit. Beta and Gama Inc. is currently operating at its full production capacity. Based on the scenario, Beta and Gama Inc. should Blank______. You have a wooden bench in your living room. You set your backpack on the bench and lean your hand against the wall. Name two action-reaction pairs that are present in this situation What is one way that an organization could improve its risk management maturity level for process risks such as those related to supply chain strategy and implementation? Which expression is equivalent to... The strength of a magnetic field around a wire carrying a current of 20 A is 0.004 T. What is the strength of the magnetic field if the current is changed to 40 A ? Although the United States has more than 100000 new cases every day, the epidemic has caused continuous damage, and the risk of possible case surge and virus mutation is increasing, the United States is moving away from the government led approach to fighting the epidemic. How does text structure help Machiavelli convey his central idea?Machiavelli identifies the problem of the Florentines holding Pisa after conquest and offers the solution of disuniting the city to keep it.Machiavelli uses reasoning and an example as evidence in an argumentative structure to support his claim that a prince must destroy a city that is accustomed to freedom if he wants to hold it.Machiavelli uses a compare-and-contrast structure to contrast a city that rebels with one that does not, thus supporting his central idea that a prince must destroy a city that is accustomed to freedom.Machiavelli identifies freedom as a cause of rebellion in a conquered city and describes how the new prince can subdue the rebellion by destroying the city.

Consider a hypothetical market for salt in Canada. If the world price of salt is $40 per ton and Canada allows free trade, Blank______ tons of salt would be imported to Canada. Suppose the Canadian government imposes a tariff of $20 per ton on salt. The new price would be equal to Blank______.

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Consider a hypothetical market for salt in Canada. If the world price of salt is $40 per ton and Canada allows free trade, Blank tons of salt would be imported to Canada. Suppose the Canadian government imposes a tariff of $20 per ton on salt. The new price would be equal to Blank.