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christianskyy7074
12.02.2020 •
Business
A senator from a state with several steel-rod factories explains that it is necessary to impose trade restrictions, such as a tariff, on the steel-rod industry to protect workers in the domestic steel-rod industry. The senator claims that without trade protection, there will be layoffs, causing many U.S. workers in the steel-rod industry to be unemployed.
Which of the following justifications is the senator using to argue for the trade restriction on steel rods?
National-security argument
Unfair-competition argument
Using-protection-as-a-bargaining-chip argument
Infant-industry argument
Jobs argument
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Ответ:
Jobs argument
Explanation:
-The national-security argument states that some industries have to be protected by imposing tariffs to maintain the local production in case of a war.
-The unfair-competition argument says that the domestic market has to be protected when there is unfair competition because companies from other countries are subject to different regulations.
-Using-protection-as-a-bargaining-chip argument states that the threat of imposing a restriction can help to eliminate a restriction that was imposed by another country.
-Infant-industry argument says that new industries have to be protected because they don't have economies of scales that their competitors from others countries have.
-The jobs argument claims that the trade with other countries eliminates the local jobs.
According to this, the answer is that the senator is using the jobs argument to argue for the trade restriction on steel rods because he claims that it is necessary to impose those restrictions to protect the workers from losing their jobs.
Ответ:
A) both functions are linear
B) f(x) = 7446.4x + 178713.6 and f(x) = 11000x + 179000
C) House 2 will value $106894.4 more than house 1.
Step-by-step explanation:
A) Value Increase from year 1 to year 2:
House 1: 193,606.40 - 186,160 = 7446.4
House 2: 201,000 - 190,000 = 11000
Value Increase from year 2 to year 3:
House 1: 201,350.66 - 193,606.40 = 7744.26
House 2: 212,000 - 201,000 = 11000
This means that a constant increament in x variable gives a constant increament in both houses vales. Then, both functions are linear.
B) The slope is the same as the value increment from one year to the next one.
slope (m) of House 1: 7446.4
slope (m) of House 2: 11000
General formula of a line:
f(x) = mx+b
Replacing with a known point:
House 1
186,160 = 7446.4(1) + b
b = 186,160 - 7446.4 = 178713.6
equation: f(x) = 7446.4x + 178713.6
House 2
190,000 = 11000(1) + b
b = 190,000 - 11000 = 179000
equation: f(x) = 11000x + 179000
C) Replacing x = 30 into each equaiton:
Value of House 1 after 30 years
f(x) = 7446.4(30) + 178713.6 = 402105.6
Value of House 2 after 30 years
f(30) = 11000(30) + 179000 = 509000
Then, house 2 will value 509000 - 402105.6 = $106894.4 more than house 1.