Which of these increases the price of certain foreign-made goods?

Which of these increases the price of certain foreign-made goods?
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A.) an excise tax B.) a sales tax C.) an important tariff D.) an income tax
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Which of these increases the price of certain foreign-made goods?

Description : Which of these increases the price of certain foreign-made goods?

Last Answer : A.) an excise tax B.) a sales tax C.) an important tariff D.) an income tax

The term 'Dumping' refers to - (1) The sale of a substandard commodity (2) Sale in a foreign market of a commodity at a price below marginal cost (3) Sale in a foreign market of a commodity just at marginal cost with too much of profit (4) Smuggling of goods without paying any customs duty

Description : The term 'Dumping' refers to - (1) The sale of a substandard commodity (2) Sale in a foreign market of a commodity at a price below marginal cost (3) Sale in a foreign market of a commodity just at marginal cost with too much of profit (4) Smuggling of goods without paying any customs duty

Last Answer : (2) Sale in a foreign market of a commodity at a price below marginal cost Explanation: Dumping is an international price discrimination in which an exporter firm sells a portion of its out-put in ... , incurring loss in the foreign market (International Economics by M. Maria. John Kennedy, p.122).

Dumping can be defined as 1. Throwing away consumer goods without destroying them 2. Buying industrial waste under sea 3. Throwing Radioactive waste in other countries 4. The sale of goods by a foreign supplier at a price below a native supplier's prices 5. None of these

Description : Dumping can be defined as 1. Throwing away consumer goods without destroying them 2. Buying industrial waste under sea 3. Throwing Radioactive waste in other countries 4. The sale of goods by a foreign supplier at a price below a native supplier's prices 5. None of these

Last Answer : The sale of goods by a foreign supplier at a price below a native supplier's prices

A foreign currency transaction arises when an enterprise buys or sells goods or services whose price is denominated in the reporting currency.

Description : A foreign currency transaction arises when an enterprise buys or sells goods or services whose price is denominated in the reporting currency.

Last Answer : FALSE

The term ‘Dumping’ refers to (1) The sale of a sub-standard commodity (2) Sale in a foreign market of a commodity at a price below marginal cost (3) Sale in a foreign market of a commodity just at marginal cost with too much of profit (4) Smuggling of goods without paying any customs duty

Description : The term ‘Dumping’ refers to (1) The sale of a sub-standard commodity (2) Sale in a foreign market of a commodity at a price below marginal cost (3) Sale in a foreign market of a commodity just at marginal cost with too much of profit (4) Smuggling of goods without paying any customs duty

Last Answer : Sale in a foreign market of a commodity at a price below marginal cost

In order to limit the shortage that naturally results from a price ceiling the government can do what to certain goods?

Description : In order to limit the shortage that naturally results from a price ceiling the government can do what to certain goods?

Last Answer : Ration

Which of the following best defines price discrimination? a. charging different prices on the basis of race b. charging different prices for goods with different costs of production c. charging different prices based on cost-of-service differences d. selling a certain product of given quality and cost per unit at different prices to different buyers

Description : Which of the following best defines price discrimination? a. charging different prices on the basis of race b. charging different prices for goods with different costs of production c. charging ... a certain product of given quality and cost per unit at different prices to different buyers

Last Answer : d. selling a certain product of given quality and cost per unit at different prices to different buyers

If Wilson Sporting Goods faces the classic demand curve characteristic for most products, as it raises the price of its tennis rackets, the: A)quantity demand goes down. B)demand remains constant. C)quantity demands increases.

Description : If Wilson Sporting Goods faces the classic demand curve characteristic for most products, as it raises the price of its tennis rackets, the: A)quantity demand goes down. B)demand remains constant. C)quantity demands increases.

Last Answer : A)quantity demand goes down.

If demand of coffee increases by 10% with 20% decline in the price of sugar we can say that (a) Cross price elasticity of demand is negative and both the products are complementary to each other; (b) Cross price elasticity of demand is negative and the goods are substitute; (c) Cross price elasticity is positive and the products are complementary to each other ; (d) None of these

Description : If demand of coffee increases by 10% with 20% decline in the price of sugar we can say that (a) Cross price elasticity of demand is negative and both the products are complementary to each other ... price elasticity is positive and the products are complementary to each other ; (d) None of these 

Last Answer : (a) Cross price elasticity of demand is negative and both the products are complementary to each other;

In a certain occupation, the profit is 110% of the cost. If the cost increases by 13% but the selling price remains constant, approximately what percentage of the selling price is the profit?

Description : In a certain occupation, the profit is 110% of the cost. If the cost increases by 13% but the selling price remains constant, approximately what percentage of the selling price is the profit?

Last Answer :  Let Cp= RS.100 Profit= Rs 110 Sp= Rs 210 New Cp= 113%0f Rs.100=Rs. 113 New SP= Rs. 210 Profit= Rs. (210-113)= Rs. 97 Required %= 97/210*100=46%

In a certain office, the profit is 160% of the cost. If the cost increases by 12% but the selling price remains constant, approximately what is the percentage profit?

Description : In a certain office, the profit is 160% of the cost. If the cost increases by 12% but the selling price remains constant, approximately what is the percentage profit?

Last Answer : Let cost price = Rs.100 ; then profit = 160  Selling price = Rs.260 ; new cost price = 112% of Rs 100  New cost price = 122 ; new selling price = Rs 260  Profit = 260 – 112 = Rs.148  Required percentage = (148/112 *100)%  = 132.14%

In a certain mall, the profit is 160% of the cost. If the cost increases by 12.5% but the selling price remains constant, approximately what percentage of the selling price is the profit?

Description : In a certain mall, the profit is 160% of the cost. If the cost increases by 12.5% but the selling price remains constant, approximately what percentage of the selling price is the profit?

Last Answer : Let C.P.= Rs. 100.  Then, Profit = Rs. 160, S.P. = Rs. 260. New C.P. = 112.5% of Rs. 100 = Rs. 112.5 New S.P. = Rs. 260. Profit = Rs. (260– 112.5) = Rs. 147.5 Required percentage = 147.5/260*100=57% (approx.)

Which of the following is not a condition for drafts to be negotiable? A. must be in writing, signed by the drawer B. must contain a promise to pay a certain sum if goods are received C. must contain an order to pay D. must be payable on sight or at a specified date E. must be made out to order or bearer

Description : Which of the following is not a condition for drafts to be negotiable? A. must be in writing, signed by the drawer B. must contain a promise to pay a certain sum if goods are received C. must contain an ... D. must be payable on sight or at a specified date E. must be made out to order or bearer

Last Answer : B. must contain a promise to pay a certain sum if goods are received

Which authority sanctions foreign exchange for the import of goods? -Do You Know?

Description : Which authority sanctions foreign exchange for the import of goods? -Do You Know?

Last Answer : answer:

Did Alexander Hamilton favored bank notes or taxes on imported foreign goods?

Description : Did Alexander Hamilton favored bank notes or taxes on imported foreign goods?

Last Answer : Need answer

Which of the following is not required while computing Gross National Product (GNP)? (1) Net foreign investment (2) Private investment (3) Per capita income of citizens (4) Purchase of goods by government

Description : Which of the following is not required while computing Gross National Product (GNP)? (1) Net foreign investment (2) Private investment (3) Per capita income of citizens (4) Purchase of goods by government

Last Answer : (3) Per capita income of citizens Explanation: Gross National Product (GNP) is the market value of all products and services produced in one year by labour and property supplied by the ... measures the value of goods and services that the country's citizens produced regardless of their location.

Which of the following is not an important document in foreign trade? A. a check for the value of goods B. a draft C. bill of lading D. a letter of credit E. none of the above

Description : Which of the following is not an important document in foreign trade? A. a check for the value of goods B. a draft C. bill of lading D. a letter of credit E. none of the above

Last Answer : A. a check for the value of goods

Which of the following is not a basic objective of documentation in foreign trade? A. to assure that the exporter will receive the payment B. to assure that the importer will receive the goods C. to eliminate risk of noncompletion D. to reduce foreign exchange risk E. none of the above

Description : Which of the following is not a basic objective of documentation in foreign trade? A. to assure that the exporter will receive the payment B. to assure that the importer will receive the goods C. to eliminate risk of noncompletion D. to reduce foreign exchange risk E. none of the above

Last Answer : E. none of the above

Arrange the following Acts in the order in which they came into force. (i) The Monopolies Restrictive Trade Practices Act (ii) Indian Contract Act (iii) The Sale of Goods Act (iv) The Foreign Exchange Management Act A. (il), (iii), (i), (iv) B. (iii), (i), (iv) and (ii) C. (i), (ii), (iii), (iv) D. (iv), (iii), (ii), (i)

Description : Arrange the following Acts in the order in which they came into force. (i) The Monopolies Restrictive Trade Practices Act (ii) Indian Contract Act (iii) The Sale of Goods Act (iv) The Foreign Exchange Management Act A. (il), (iii), (i ... (ii) C. (i), (ii), (iii), (iv) D. (iv), (iii), (ii), (i)

Last Answer : B. (iii), (i), (iv) and (ii)

What is Gross National Product: A. The total output of goods and services produced by the country’s economy B. The total domestic and foreign output claimed by residents of the country C. The sum of gross domestic product and investment

Description : What is Gross National Product: A. The total output of goods and services produced by the country’s economy B. The total domestic and foreign output claimed by residents of the country C. The sum of gross domestic product and investment

Last Answer : B. The total domestic and foreign output claimed by residents of the country

Which of the following is not required while computing Gross National Product (GNP) ? (1) Net foreign investment (2) Private investment (3) Per capita income of citizens (4) Purchase of goods by government

Description : Which of the following is not required while computing Gross National Product (GNP) ? (1) Net foreign investment (2) Private investment (3) Per capita income of citizens (4) Purchase of goods by government

Last Answer : Per capita income of citizens 

Complaint means allegation in writing made by a complainant that a) An unfair trade practice or restrictive trade practice has been adapted by any traders or service provider b) The goods bought by him or agreed to be bought by him suffer from one or more defect c) A traders or the service provider as the case may be has charged for the goods or for the services mentioned in the complaint a price in excess of the price d) All the above

Description : Complaint means allegation in writing made by a complainant that a) An unfair trade practice or restrictive trade practice has been adapted by any  traders or service provider b) The goods bought by him ... the services mentioned in the complaint a price in excess of the price d) All the above

Last Answer : d) All the above

Which of the following is NOT an example of a global strategy? a) The British subsidiary of global insurance group Aviva develops a new product for the UK market. b) IKEA sells standardized, Swedish designed, self-assembly furniture products at low price LVMH sells luxury goods made in France. d) Walmart withdraws from Germany in order to avoid changing its global strategy of selling low-priced products..

Description : Which of the following is NOT an example of a global strategy? a) The British subsidiary of global insurance group Aviva develops a new product for the UK market. b) IKEA sells ... Walmart withdraws from Germany in order to avoid changing its global strategy of selling low-priced products.

Last Answer : The British subsidiary of global insurance group Aviva develops a new product for the UK market

Longterm funds in the capital, market can be raised either by borrowing from certain institutions or through - (1) issue of note (2) taking loan from Government (3) issue of securities (4) taking loan from foreign institutions

Description : Longterm funds in the capital, market can be raised either by borrowing from certain institutions or through - (1) issue of note (2) taking loan from Government (3) issue of securities (4) taking loan from foreign institutions

Last Answer : (3) issue of securities Explanation: Capital markets provide for the buying and selling of long term debt or equity backed securities. When they work well, the capital markets channel the wealth of ... to raise long-term funds by providing a market for securities, both through debt and equity.

Your upcoming project includes project team members from a foreign country. To make certain that cultural differences don’t interfere with team performance, thereby affecting the success of the project, your first course of action is to do which of the following? A. Provide diversity training to all the team members. B. Collocate the project team. C. Perform team-building exercises. D. Inform the team members of the organization’s rules and standards.

Description : Your upcoming project includes project team members from a foreign country. To  make certain that cultural differences don't interfere with team performance, thereby  affecting the success of the project ... exercises.  D. Inform the team members of the organization's rules and standards.

Last Answer : A. Provide diversity training to all the team members.

Long-term funds in the capital market can be raised either by borrowing from certain institutions or through (1) issue of note (2) taking loan from Government (3) issue of securities (4) taking loan from foreign institutions

Description : Long-term funds in the capital market can be raised either by borrowing from certain institutions or through (1) issue of note (2) taking loan from Government (3) issue of securities (4) taking loan from foreign institutions

Last Answer :  issue of securities

In cash transactions, goods or services are purchased for a certain value to be paid in the future.

Description : In cash transactions, goods or services are purchased for a certain value to be paid in the future.

Last Answer : State whether the following statement are true or false with reason : In cash transactions, goods or ... a certain value to be paid in the future.

(i) Sale or purchase of goods or services for a certain value to be receivable or payable in the future.

Description : (i) Sale or purchase of goods or services for a certain value to be receivable or payable in the future.

Last Answer : Give the word term or phrase which can substitute each of the following statement : (i) ... services are withdrawn by the proprietor for self-use.

Why the government decided not to charge VAT on certain basic goods?

Description : Why the government decided not to charge VAT on certain basic goods?

Last Answer : Because those goods are needed for our health, and some people don't have enough money to pay for the VAT

Why do you think government has decided not to charge VAT on certain basic goods?

Description : Why do you think government has decided not to charge VAT on certain basic goods?

Last Answer : Because if the government charges tax on basic goods andnonessential items a average person can not survive because theyearn little income

A distinctive sign that identifies certain goods or services produced or provided by an individuals or a company is calleda. Copyright b.Patents c. Trademark d. All of these

Description : A distinctive sign that identifies certain goods or services produced or provided by an individuals or a company is calleda. Copyright b.Patents c. Trademark d. All of these

Last Answer : c. Trademark

A distinctive sign that identifies certain goods or services produced or provided by an individuals or a company is calleda. Copyright b.Patents c. Trademark d. All of these

Description : A distinctive sign that identifies certain goods or services produced or provided by an individuals or a company is called a. Copyright b.Patents c. Trademark d. All of these

Last Answer : c. Trademark

A person finds certain goods belonging to some other persons. In such a case, the finder (a) Becomes the owner of that good (b) Is under a duty to trace the real owner (c) Can sell that good if true owner is not found (d) Both (b) & (c)

Description : A person finds certain goods belonging to some other persons. In such a case, the finder (a) Becomes the owner of that good (b) Is under a duty to trace the real owner (c) Can sell that good if true owner is not found (d) Both (b) & (c)

Last Answer : (d) Both (b) & (c)

Vaishnavi purchased 35kg of wheat at the rate of Rs.19.50 per kg and another 35kg of wheat at a certain rate. She mixed the two and sold the entire quantity at the rate of the Rs.21.25 per kg and made 20%. Overall profit at what price per kg did she purchase the lot of another 35kg wheat?

Description : Vaishnavi purchased 35kg of wheat at the rate of Rs.19.50 per kg and another 35kg of wheat at a certain rate. She mixed the two and sold the entire quantity at the rate of the Rs.21.25 per kg and made 20%. Overall profit at what price per kg did she purchase the lot of another 35kg wheat?

Last Answer : Let the required price per kg be Rs'X'  Then cost price of 70 kg wheat = Rs(35 * 19.50 + 35 * X)  = Rs (682.5 + 35X)  Selling price of 70kg wheat = Rs (70 * 21.25)  = Rs.1487.5 Total cost ... 100/120=1239.58 35x= 1239.58-682.5=557.08 X=15.91 So the cost price of second lot is Rs15.91 per kg

Globalization is beneficial for firms because: A. It protects them against foreign competition. B. It cushions them from the effects of events in other countries. C. It opens up new market opportunities. D. It increases the risk and uncertainty of operating in a globalizing world economy.

Description : Globalization is beneficial for firms because: A. It protects them against foreign competition. B. It cushions them from the effects of events in other countries. C. It opens up new market opportunities. D. It increases the risk and uncertainty of operating in a globalizing world economy.

Last Answer : It opens up new market opportunities.

Given an initial equilibrium in the money market and foreign exchange market, suppose the Federal Reserve increases the money supply of the United States. Under a floating exchange-rate system, the dollar would: A. Appreciate in value relative to other currencies B. Depreciate in value relative to other currencies C. Be officially devalued by the government D. Be officially revalued by the government

Description : Given an initial equilibrium in the money market and foreign exchange market, suppose the Federal Reserve increases the money supply of the United States. Under a floating exchange-rate system, the ... C. Be officially devalued by the government D. Be officially revalued by the government

Last Answer : B. Depreciate in value relative to other currencies

As Income increases the demand for inferior goods?

Description : As Income increases the demand for inferior goods?

Last Answer : decreases

Do you know the price list of foreign cars from 1977-78?

Last Answer : did metallic cost only a thousand? (simca) and that it was bad ... (smoking)

Under flexible exchange rate system, the exchange rate is determined by - (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies

Description : Under flexible exchange rate system, the exchange rate is determined by - (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies

Last Answer : (2) the forces of demand and supply in the foreign exchange market Explanation: A floating exchange rate is a type of exchange rate regime wherein a currency's value is allowed to ... by the foreign-exchange market through supply and demand for that particular currency relative to other currencies.

Two countries can gain from foreign trade if A. Cost ratios are differentB. Price ratios are different C. Tariff rates are different D. (a) and (b) above

Description : Two countries can gain from foreign trade if A. Cost ratios are differentB. Price ratios are different C. Tariff rates are different D. (a) and (b) above

Last Answer : (a) and (b) above

Devaluation of currency can correct a Balance of Payments deficit because___ A. It lowers price of exports in foreign currency and rises price of imports in home currency B. It raises price of exports in foreign currency and lowers price of imports in home currency C. It raises price of exports and imports in foreign currency D. It lowers price of exports and imports in home currency

Description : Devaluation of currency can correct a Balance of Payments deficit because___ A. It lowers price of exports in foreign currency and rises price of imports in home currency B. It raises price of ... and imports in foreign currency D. It lowers price of exports and imports in home currency

Last Answer : A. It lowers price of exports in foreign currency and rises price of imports in home currency

Under flexible exchange rate system, the exchange rate is determined by (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies

Description : Under flexible exchange rate system, the exchange rate is determined by (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies 

Last Answer :  the forces of demand and supply in the foreign exchange market

Are you Australian? Could you help me with the price of specific goods?

Description : Are you Australian? Could you help me with the price of specific goods?

Last Answer : Petrol is about $1.50/L across the parts of the country I’m familiar with. I have no idea about the cigarettes sorry. The Fosters should be about $20 – $25 I’d guess.

I have ordered goods, although it is very cheap I can somehow urge the supplier that I want it for the price for which I ordered it

Last Answer : Of course. The price is a mutual agreement between the seller and the buyer

Hello, goods ordered from the USA in dollars or Czech crowns are paid for (price stated in dollars, payment only upon receipt of the shipment)

Description : I would like to order Christmas clothes from the USA. But the price is in dollars. I don't want my grandmother to find out when she receives the shipment that she has to pay a lot of dollars that ... offers import to the Czech Republic. So it's safe, but I don't understand the payment. Please help.

Last Answer : If the payment is only upon receipt of the goods, then it should be in crowns at the exchange rate that is current at that time.

What was the rapid increase in the price of goods caused by printing too much money?

Description : What was the rapid increase in the price of goods caused by printing too much money?

Last Answer : Hyperinflation.

What is a measurement that shows how the average price of a standard group of goods change over time?

Description : What is a measurement that shows how the average price of a standard group of goods change over time?

Last Answer : Price Index

Deflation is a situation in which - (1) The value of money is falling. (2) The price of goods is increasing. (3) The value of money is increasing. (4) The price level is stagnant.

Description : Deflation is a situation in which - (1) The value of money is falling. (2) The price of goods is increasing. (3) The value of money is increasing. (4) The price level is stagnant.

Last Answer : (3) The value of money is increasing. Explanation: Deflation is a situation where the prices of goods and commodities in a country go down. i.e., there is negative inflation. This is caused ... conversely, deflation increases the real value of money - the currency of a national or regional economy.

One of the essential conditions of perfect competition is : (1) product differentiation (2) multiplicity of prices for identical products at any one time. (3) many sellers and a few buyers. (4) Only one price for identical goods at any one time.

Description : One of the essential conditions of perfect competition is : (1) product differentiation (2) multiplicity of prices for identical products at any one time. (3) many sellers and a few buyers. (4) Only one price for identical goods at any one time.

Last Answer : (4) Only one price for identical goods at any one time. Explanation: The fundamental condition of perfect competition is that there must be a large number of sellers or firms. ... perfect competition, the control over price is completely eliminated because all firms produce homogeneous commodities.

In the law of demand, the statement "Other things remain constant" means - (1) income of consumer should not change (2) price of other goods should not change (3) taste of consumer should not change (4) All of the above

Description : In the law of demand, the statement "Other things remain constant" means - (1) income of consumer should not change (2) price of other goods should not change (3) taste of consumer should not change (4) All of the above

Last Answer : (4) All of the above Explanation: In economics, the law of demand is an economic law, which states that consumers buy more of a good when its price is lower and less when its price is higher ... of good demanded by the consumer will be negatively correlated to the change in the price of the good.