The reserve ratio is too powerful to be changed very often because a small change is magnified throughout the banking system
The reserve ratio is the percentage of deposits that a bank is required to hold in reserve, rather than lending out or investing. It is a key tool that central banks use to influence the money supply and credit conditions in the economy. Because the reserve ratio is a percentage of deposits, a small change in this ratio can have a significant impact on the amount of money that banks have available to lend.
If the reserve ratio is increased, banks will be required to hold more of their deposits in reserve, which means they will have less money available to lend. This can tighten credit conditions and reduce the economic money supply. Conversely, if the ratio is decreased, banks will hold less of their deposits in reserve, which means they will have more money available to lend. This can loosen credit conditions and increase the money supply in the economy.
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Choose the statements which are reasons why NPOs,
rather than a for-profit businesses or government agencies,
tackle many issues.
Nonprofits are institutions with a social mission, such as public charities, foundations, churches, fraternal organizations, and chambers of commerce.
State reasons why NPOs tackle many issues rather than for-profit businesses.The social and economic health of the United States is increasingly influenced by nonprofit groups.
On a municipal, local, state, national, or even global scale, nonprofit organizations generally exist to improve the quality of life for others. These groups are committed to advancing the common good rather than seeking personal or financial benefit.By offering essential services that support economic stability and mobility, nonprofit organizations play a crucial part in establishing wholesome communities. They support neighborhoods in other crucial ways as well.To address the needs of the community, they offer services, products, and resources.They are companies, most of the time nonprofit organizations, that support other companies in the neighborhood to promote economic growth, the arts, cultural awareness, education, health, and spirituality – in almost every sphere of society.Nonprofits have grown to be crucial in recent years as government organizations and the commercial sector have reduced their charitable donations.To know more about, NPOs, visit :
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Production costs like the restocking key materials, the cost of adding new factory-line machines, and shipping costs, all have a direct impact on the Marginal Cost Curve. (Tip: Do you know what kind of costs make up the marginal cost?) True or False True False
The given statement is true. The difference in total production costs caused by creating or producing one extra unit is known as the marginal cost in economics.
Dividing the variation in production costs by the variation in quantity helps to determine the marginal cost. Finding the point at which an organisation can realise economies of scale to improve production and overall operations is the goal of marginal cost analysis. The producer may make money if the marginal cost of producing one extra unit is less than the price per unit.
Manufacturers frequently use the managerial accounting and economics concept of marginal cost to determine the optimal level of output. Manufacturers frequently consider the cost of increasing their production volumes by one unit.
The benefit of creating one extra unit and earning money from it will, at a given level of output, lower the entire cost of manufacturing the product line. The fastest feasible discovery of that point or level is the key to manufacturing cost optimization. All of the costs that change depending on the production level are included in the marginal cost.
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a project manager is reviewing a business impact analysis. it indicates that a key website can tolerate a maximum of three hours of downtime. administrators have identified several systems that require redundancy additions to meet this maximum downtime requirement. of the following choices, what term refers to the maximum of three hours of downtime?
The maximum amount of downtime that a significant website can tolerate is three hours. In order to reach this level, administrators have identified a number of systems that need redundancy upgrades.
Three hours is the maximum amount of downtime that is acceptable.
The MTD (maximum tolerated downtime) is used to determine what.
The phrase "Maximum Tolerable Downtime" (MTD) refers to the maximum amount of downtime that a certain business process can experience without jeopardising the organization's ability to function.
The maximum amount that can be tolerated
In both business continuity and disaster recovery, the Maximum Tolerable Outage, or MTO, is a common metric. The maximum amount of time that a system or resource can be unavailable before the loss of that resource starts to negatively impact an organization's goals or ability to continue to operate.
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Bonnie is most concerned about being able to buy additional insurance without undergoing medical
exams. Which of the following riders should she consider?
A. Waiver of premium disability benefit
B. Accidental death benefit
C. Guaranteed insurability option
D. Cost-of-living protection
E. Accelerated benefits
Bonnie is most concerned about being able to buy additional insurance without undergoing medical exams. The riders she should consider is Guaranteed insurability option. The correct answer is C.
Guaranteed Insurability is a feature that may be added to life and health insurance policies that allows the insured to purchase more coverage without having to submit to a physical examination such as medical exam or otherwise provide proof of their health.
You can increase the death benefit of your life insurance policy at a later date without getting a medical exam by using guaranteed insurability or guaranteed purchase option riders. A typical life insurance policy will pay a certain death benefit to one or more beneficiaries that you designate. Using riders, you can enhance or expand the coverage of your insurance policy.
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Carver owes one of its suppliers $120,000 on account for past purchases. Carver sent this supplier $50,000 to pay down the account.
Accounts payable will (increase/decrease) by $50,000
Cash will (increase/decrease) by $50,000
Dr. Payable Accounts 50,000 (decrease)
50,000 Cr. in cash (decrease)
Describe accounts payable using an example?Money that you owe to any third party is recorded in your accounts payable, a current liability account. The third parties can be financial institutions, businesses, or even a person from whom you borrowed money. Purchases made for goods or services from other businesses are a typical illustration of accounts payable.
What categories of accounts payable exist?Payables include things like trade payables, non-trade payables, taxes owed, loans due, and wages due. Typically, the accounts payable system is used to handle the first four of these payables, while the payroll system is used to process the final type of payable.
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which of the following statements concerning capital gains and losses and the amt is correct? a. the preferential tax rate on net capital gain is not allowed in the calculation of tentative minimum tax.
The lower tax charge on net capital acquire applies in calculating both normal profits tax and the tentative minimal tax statements concerning capital gains and losses and the amt is correct.
How are capital gains and losses taxed?Capital beneficial properties and losses are categorized as long term if the asset was once held for extra than one year, and short term if held for a yr or less. Short-term capital features are taxed as everyday income at charges up to 37 percent; long-term features are taxed at lower rates, up to 20 percent.
How lots capital gains is tax free?For example, in 2022, character filers might not pay any capital good points tax if their total taxable earnings is $41,675 or below. However, they will pay 15 percent on capital positive aspects if their profits is $41,676 to $459,750. Above that income level, the price jumps to 20 percent.
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https://brainly.com/question/29665978#SPJ4a firm that has a orientation will consider upstream and downstream flows of goods, services, finances, and information across the supply chain as activities it would be involved in, even though they may be performed by other companies. group of answer choices production supply chain marketing concept customer distribution
A firm that has a supply chain orientation will consider upstream and downstream flows of goods, services, finances, and information across the supply chain.
A firm that has a supply chain orientation is focused on managing the flow of commodities, finances, and information across the entire supply chain, from the point of origin to the final destination. This includes managing the upstream flow, referring to the movement of raw materials from suppliers to the firm, and the downstream flow, referring to the movement of finished goods from the firm to customers.
A firm here is typically concerned with optimizing the flow of materials, information, and financial resources across the entire supply chain in order to reduce costs, improve efficiency, and increase customer satisfaction. This may involve activities such as managing inventory levels, coordinating production schedules, and leveraging technology to improve communication and collaboration across different parts of the supply chain.
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2. The goal of a firm in financial management is: A) To maximize profits B) To minimize costs C) To maximize societal welfare D) To maximize common stock prices
Answer:
A) To maximize profits
Explanation:
a process cost system would most likely be used by a company that makes group of answer choices motion pictures. repairs to automobiles. breakfast cereal. college graduation announcements.
Breakfast cereal is produced in massive quantities because it is not customized. So, it will use process costing. Motion pictures, repairs to automobiles, and college graduation announcements are appropriate for job order costing.
A automobile or car is a motor car with wheels. maximum definitions of cars say that they run mainly on roads, seat one to 8 humans, have four wheels, and mainly delivery humans as opposed to goods. The yr 1886 is appeared as the beginning yr of the automobile, while German inventor Carl Benz patented his Benz Patent-Motorwagen.[3][4][5] motors have become widely available at some point of the 20th century. one of the first cars lower priced by using the hundreds was the 1908 version T, an American automobile manufactured by way of the Ford Motor agency. motors had been swiftly adopted inside the US, where they changed animal-drawn carriages and carts.
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fromt he final session conclusion video supply chian management involves the functions of plan buy make celiver select the best way to describe the decisions made within these four functions
The choices made in these roles must be made jointly and simultaneously (at the same time). Any choice made in one section will have an impact on the best choice made in the other areas.
What are the other choices?Additionally, the other business functions must be considered while making decisions in supply chain management: Choices taken in supply chain management also affect decisions in sales, marketing, finance, and accounting. The other functions of the supply chain will need to combine their efforts to help these decisions whenever one functional manager wishes to alter how that portion of the supply chain runs.
What is the characteristics of the same?One of the characteristics that makes supply chain management challenging is its interconnectedness, but for our SCM majors, this is also the characteristic that makes supply chain management the most enjoyable. We get to put our imaginations to work enhancing business effectiveness!
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when there is a net increase in the physical quantity of inventory during a period, the use of results in an additional layer of inventory.
When LIFO is used, an additional layer of inventory is created.
Where is the LIFO approach used?Most businesses with a significant amount of inventory, such as retailers, employ the LIFO method of valuation to take advantage of the tax benefit by adding the expenses of recent products manufactured or purchased at higher costs in the cost of goods sold.
What are the benefits and drawbacks of LIFO?The main reason businesses choose LIFO over FIFO is for the tax benefits. Tax liabilities, however, are also a possibility. The only true reason to implement LIFO is to avoid paying greater taxes, yet this results in generally reduced earnings, hence LIFO's benefits are also its drawbacks.
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three years ago, mr. lewis paid $40,000 for a newly issued corporate bond with a $50,000 stated redemption value. this year, he sold the bond for $43,900. through the date of sale, mr. lewis recognized $940 of the original issue discount (oid) as accrued interest income. compute his gain or loss on sale. multiple choice $3,900 long-term capital gain $2,960 long-term capital gain $2,960 ordinary income $3,900 ordinary income
A long-term capital gain of $2,960—is the appropriate response. When a bond or other financial instrument is originally issued, its price is discounted from its face value. This is known as the original issue discount(OID).
Bonds may be issued at a discount, or price, below their face value. The OID is the amount of the discount, which is the distinction between the bond's initial face value and the purchase price. Bond issuers utilize original issue discounts to get investors to acquire their bonds so that they may raise capital for their operations. Large OIDs are frequently used by zero-coupon bonds to draw customers to their offerings. When a bond is acquired, the issuer typically pays the bondholder an interest rate (referred to as a coupon) as long as the investor keeps the bond. Bondholders periodically get interest payments based on the bond's interest rate. When the bond matures, the investor receives a refund equal to the face value they paid for it.
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Is the following statement true or false: when two inventors invent the same product, the first one to invent it has priority.
It is true that when the two inventors invent same product, first one to invent it has priority.
What is a product?A product is anything that can be offered for sale to the public in order to satisfy consumer needs or desires. An object, system, or service that is made accessible to consumers for usage in response to consumer demand is known as a product in marketing. Products can also be referred to as merchandise in the retail industry. Products are purchased as raw materials in the manufacturing sector and then sold as finished goods. In project management, "products" are the precisely defined create measurable that make up or help achieve the project's goals. Sub-products are byproducts of production processes that are nonetheless beneficial, and they are subject to similar notions. Products that are dangerous, especially those that hurt users or bystanders physically, may be held accountable.
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which of the following entries reflects the original cost assignment to spoiled units before considering rework cost? question 20 options: finished goods control xxx work-in-process control xxx manufacturing overhead allocated xxx materials control xxx wages payable control xxx work-in-process control xxx materials control xxx wages payable control xxx work-in-process control xxx manufacturing overhead allocated xxx work-in-process control xxx materials control xxx wages payable control xxx manufacturing overhead allocated xxx
Work-in-process control XXX, materials control XXX, wages payable control XXX, and manufacturing overhead allocated XXX this entry reflects the original cost assignment of spoiled units before taking into account rework costs. Here option B is the correct answer.
Rework is different from spoiling in that it will be improved upon and sold at full price, whereas spoilage is viewed as faulty items and is sold at throw-away pricing. Rework and spoiling are notions that go hand in hand.
Normal spoilage is recorded as an expense when it is incurred in accounting, but abnormal spoilage is recorded as part of the standard cost of goods. This implies that the price of typical spoilage might be originally recorded as an asset and later charged to expenditure.
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Which of the following does NOT describe the four important elements that underlie any sampling technique?
Universe
Population
Sampling frame
Constant
Sample
Constant somehow Doesn't describe the four critical components that underpin any sampling technique.
What exactly is business?
A company is defined as a corporation or institution that participates in advertising, light industry, or professional life. Business owners can indeed be either profit - making as well as non-profit groups.
What is the significance of business?
Business is extremely important in our lives. First, they produce products and services that meet our needs and desires. After that, they recruit families as labor and compensate them with wages, wages, and benefits. As a result, it turns into a source of income for them, which they can use to support their family.
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classify each statement as true or false. the statements reference bank runs, also known as bank panics. a bank run only occurs when the economy is doing well. a bank run occurs when many of a bank's customers make large deposits at the same time. a bank run occurs when too many of a bank's customers withdraw too much at the same time. institutions like the federal deposit insurance corporation (fdic) decrease the frequency of bank runs.
Only when the economy is doing well can a bank run happen. - False
When several of a bank's customers make sizable deposits at once, a bank run happens. - False
When too many people withdraw too much from a bank at once, a bank run happens. - True
Bank runs are less frequent because to organizations like the Federal Deposit Insurance Corporation (fdic). - True
When several customers of a bank or other financial institution simultaneously withdraw their savings out of worry for the bank's stability, this is known as a bank run.
The likelihood of default rises as more people withdraw their money, which encourages additional people to do the same. Extreme circumstances may arise where the bank's reserves are insufficient to cover the withdrawals.
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on a statement of cash flows for a provider of tutoring services, the cash flows from financing activities would include: the flashcards used to tutor math students the promotional sign at the entrance to the building where the tutoring takes place the money borrowed to purchase the furniture in the tutorial area and the interest owed on that debt the reputation of the tutors working for the service the students who benefit from the service
On a statement of cash flows for a provider of tutoring services, the cash flows from financing activities would include the money borrowed to purchase the furniture in the tutorial area and the interest owed on that debt.
Any obligation to pay back the money, any debt represented by notes, bonds, debentures, or other similar obligations, any obligation arising from a conditional sale or other title retention agreement, and the net aggregate rentals under any lease that, under GAAP, would be capitalized on the borrower's books or that substantially equates to the financing of the asset so leased are all considered to be borrowings.
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Suppose a salesperson tells you that one of their goals is to increase sales by the end of the month. Which of the following is probably your best response if the salesperson asked you for feedback related to the goal?
c. That sound like an ineffective goal because it is not specific.
The best response if the salesperson asked you for feedback related to the goal is c. That sounds like an ineffective goal because it is not specific.
A response is a reaction or answer to something. For example, if someone asks you a question or makes a statement, your response is what you say or do in response to that question or statement. It is important for goals to be specific so that they can be measured and tracked. If a goal is not specific, it is difficult to know exactly what needs to be done to achieve it and to determine whether or not it has been achieved. A more effective goal might be something like "Increase sales by 10% by the end of the month by targeting new potential customers and implementing a new marketing campaign." This goal is specific and includes specific actions that can be taken to achieve it.
The missing part in the question is shown below.
Suppose a salesperson tells you that one of his/her goals is to increase sales by the end of the month. Which of the following is probably your best response if the salesperson asked you for feedback related to the goal?
a. That sounds like an effective goal, provided increasing sales is challenging to you.
b. That sounds like an ineffective goal because increasing sales is not realistic.
c. That sounds like an ineffective goal because it is not specific.
d. That sounds like an effective goal given that you've include a time frame.
e. None of the above is accurate.
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assets, $100 million in liabilities, and 70 million shares outstanding. Your initial lockout period is 3 years.
a.How many shares did you purchase?
b.If the share price after 3 years increases to $15.28, what is the value of your investment?
c.What is your annualized return over the 3-year holding period?
Consider investing $500,000 to buy stock in a company that has $800 million in assets, $100 million in cash, and 100 million .
The equal yearly rate of return on the investment or deposit is known as the annualized return. To determine the viability and return of two or more investments, the annualized rate of return is calculated.
Take into account that you spent $5000 to buy shares of a support stock. Your basic lockout period is three years. Amount invested: $500,000
Trading pairs in A
A.long/short stock hedgeB.convergence playC.statistical arbitrageD.
Hardiness: Medium
The price of a one-year oil futures contract is $74.50.
If $100 million in "extra earnings" are assumed per year, the return (IRR) is Share price, shares outstanding, and equity value are used in valuation.
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a convertible debenture has a conversion price of $40 per share. if the market value of the debenture rises to a 12.5-point premium over par, which of the following are true?
The conversion ratio is 25:1 and parity price of the stock is $44 from the following are true.
What is conversion ratio?For each convertible security, the number of common shares obtained upon conversion is known as the conversion ratio. More common shares are traded for each convertible security as the ratio rises. The conversion ratio, which affects the security's relative price, is decided upon at the time the convertible security is issued. By dividing the par value of the convertible security by the cost of converting equity, the ratio is derived. The two primary categories of capital fundraising instruments are debt and equity. Debt must be repaid, however due to tax considerations, raising capital by selling debt is frequently less expensive than buying equity. Equity capital raising results in ownership loss, and ownership entails voting rights.
Conversion ratio= $1,000 par / $40
Conversion price = 25:1
$1,100 / 25 shares per bond = $44
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When considering making a change in practice, which of the following should the project group do first?
When we try to change a practice, we can initiate it by looking for an evidence-based guideline about the issue.
Changes are the only constant things that happen in this world. However, it is important to alter the changes which happen in the project planning because it may affect the final output of the work. A well planned schedule helps in identifying the problems associated with the project, and deep analysis would help to come up with ideas as solutions. Some practices needs proper guidelines which needs to be followed duly so that those practices get us towards the idealized solution. Identification of the problem is also a solution have done because then one can allocate all the resources in implementing the plans for solution.
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which of the following factors contributed to the transition from the production era to the sales era?
The change from the production era to the sales era was facilitated by sophisticated production methods.
What distinguishes the production era from the sales phase most significantly?Business people thought that high-quality products would sell themselves during the manufacturing period. But throughout the sales age, selling—or persuading others to buy—was prioritized. (1) Production, (2) Selling, (3) Advertising, and (4) Stakeholder Relationships are the four stages in the evolution of marketing. During the production era, distribution and advertising were the main priorities. The post-World War II boom in consumer products and services helped usher in the production era of marketing. The products, merchandise, or services that a business sells to paying clients are referred to as sales in the business world. The process of creating or manufacturing the goods that clients of a firm purchase is referred to as production.
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Carmex's first efforts in marketing research had the research objective of figuring out who it was as a company and what the Carmex name means. In the first stage of the marketing research approach, ________, the research objective is set.
defining the problem
developing findings
taking marketing actions
collecting relevant information
developing the research plan
defining the problem
In the first stage of the marketing research approach, defining the problem, research objectives are set and possible marketing actions are identified.
defining the problem, In the first stage of the marketing research approach, defining the problem, research objectives are set and possible marketing actions are identified.
The process of finding, creating, and delivering value to meet a target market's needs for products and services is known as marketing. It may involve selecting a target market, selecting particular qualities or themes to emphasize in advertising, running advertising campaigns, participating in trade shows and public events, creating products and packaging that are appealing to consumers, and defining the terms of the sale, such as price. The marketing is often handled by the seller, who is typically a manufacturer or merchant. It is one of the main components of commercial and business administration. Direct customer or business-to-business (B2B) marketing is an option for marketers (B2C marketing).
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Productive Efficiency simply means that you were able to borrow money at a low rate to finance your business operations. It means nothing else.
A) True
B) False
The statement says that productive efficiency simply means that you were able to borrow money at a low rate to finance your business operations. It means nothing else. The correct answer is false.
A situation where an economy or economic system functioning within the limitations of present industrial technology is unable to enhance the output of one good without reducing the production of another is referred to as productive efficiency in microeconomic theory.
Analysts can use the following equation to calculate various levels of production efficiency:
Output Rate ÷ Standard Output Rate x 100.The economy must be operating on its production possibility frontier in order for it to be productively efficient.
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FILL IN THE BLANK. umpqua defines other financial institutions that perform banking services as their competitors. therefore they take a/an __ of its competition. market point of view strategic group point of view service point of view competitor myopia point of view industry point of view
Umpqua views other financial institutions that provide banking services as rivals and approaches this issue from the perspective of the industry. Therefore, option (D) is perfect.
What is an industrial-based approach?A company that takes an industry-based approach to competition sees its rivals as other businesses that work in the same sector or industry. In the case of Umpqua, this means that they view businesses in other industries as their rivals rather than other banks and financial institutions.
Instead of attempting to compete with businesses in other industries, this strategy enables Umpqua to concentrate on competing with other businesses in the banking and financial services sector.
Hence, option (D) is the accurate one.
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with a progressive income tax, people with lower income pay a lower tax rate than people with higher income.
With a progressive income tax, people with lower income pay a lower tax rate than people with higher income. This statement is true.
What do you mean by the progressive income tax?The average tax burden rises with income under a progressive tax. Low- and middle-income taxpayers bear a disproportionately tiny amount of the tax burden, compared to high-income families.
A progressive tax involves an increasing (or progressing) tax rate as taxable income rises. This is typically accomplished by establishing tax brackets that divide taxpayers according to income levels.
Since the majority of taxes are levied on people with the greatest incomes, progressive tax systems tend to raise more revenue than flat or regressive tax systems.
Therefore, the With a progressive income tax, people with lower income pay a lower tax rate than people with higher income. This statement is true.
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The establishment of a stronger economic regulatory system during the Great Depression most closely reflected a continuity with which of the following? A. Efforts to fund internal improvements during the Early Republic B. Efforts to expand the influence of unionized labor during the Gilded Age C. Efforts to restrict the excesses of corporations during the Progressive Era D. Efforts to encourage women to enter the workforce during the Second World War
The establishment of a stronger economic regulatory system during the Great Depression most closely reflected continuity with Efforts to restrict the excesses of corporations during the Progressive Era. option (C) is correct.
What is economics?The term Economics is the study of scarcity and its inferences for the use of resources, manufacture of goods and services, growth of production and welfare over time, and a great diverseness of other complex issues of vital concern to society.
FDR created the economic New Deal as a response to the Great Depression. The current Social Security system was launched at that time. The system was put in place to support those in need and to pay retired people.
Therefore, The creation of a more robust system of economic regulation.
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if the income elasticity of demand for good x is negative and the cross-price elasticity of demand between good x and good y is negative, which of the following must be true of good x? group of answer choices
X is inferior good and Y's complement.
Define "lesser good"?When a good is substandard, demand declines when income rises. This good has a negative demand elasticity of income (YED).
What is meant by a good complement?An item that is utilized in conjunction with another good or service is said to be complementary. The complementary good typically has little to no value when consumed by itself. However, when combined with another product or service
Cross price elasticity: What is it?To determine whether products are "substitutes" or "complements," the idea of cross-price elasticity of demand is employed. To group goods that are probably going to compete with one another, it is also used in market definition.
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suppose antonio and trinity are playing a game that requires both to simultaneously choose an action: up or down. the payoff matrix that follows shows the earnings of each person as a function of both of their choices. for example, the upper-right cell shows that if antonio chooses up and trinity chooses down, antonio will receive a payoff of 4 and trinity will receive a payoff of 5. trinity up down antonio up 4, 8 4, 5 down 2, 2 3, 4
In this game, Antonio and Trinity are both trying to maximize their payoffs. If they both choose up, then Antonio will receive a payoff of 8 and Trinity will receive a payoff of 4.
If they both choose down, then Antonio will receive a payoff of 3 and Trinity will receive a payoff of 4. If Antonio chooses up and Trinity chooses down, then Antonio will receive a payoff of 4 and Trinity will receive a payoff of 5. If Antonio chooses down and Trinity chooses up, then Antonio will receive a payoff of 2 and Trinity will receive a payoff of 2. Therefore, in order to maximize their payoffs, Antonio and Trinity should both choose up if they can coordinate their actions.
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a tariff levied on tomatoes produced in mexico and imported into the u.s. would decrease the price of domestic tomatoes and decrease revenues of growers but only if demand is elastic. raise the price of domestic tomatoes and increase revenues of growers but only if demand is elastic. decrease the price of domestic tomatoes and decrease revenues of domestic growers. raise the price of domestic tomatoes and increase revenues of domestic growers. raise the price of domestic tomatoes and increase revenues of growers but only if demand is inelastic.
The correct option is raise the price of tomatoes and increase revenues of domestic growers.
As we know that when a tariff is imposed on the imports of tomatoes from Mexico to U.S. It will raise the price of domestically produced tomatoes as there is no foreign competition based by domestic producers, so they don't reduce prices.
Tariffs generally increase the price of the goods and the services such as transport etc , by applying a tax on the goods which are imported. And the consumers are left paying higher prices then the usual. This reduces the consumer surplus. On the other hand domestic producers face less competition.
The domestic growers produce more tomatoes at a high price, their producer surplus increases, and as a result of this, their revenues increases. The motive behind leving tariff on imports is to protect domestic producers.
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