The concept mentioned here is Shipt, which is an internet-based grocery delivery service. The answer is no, it is not needed but is greatly appreciated.
Tips aren't needed but are greatly appreciated. However, you can add a tip when placing your order by choosing a preselected or custom-made quantum, If you choose to tip. You may also tip in cash or within the app after you admit your delivery.
Shipt is a grocery delivery service that is fleetly expanding its platoon of independent contractors. However, Shipt could be a great way for you to make good plutocrats ( about$ 25 per hour) on your schedule, If you are interested in earning redundant plutocrats in the participating frugality.
still, you will be suitable to add one after your paperback delivers, as usual, If you skip tilting during checkout. You will admit an announcement if you have them turned on, and be urged to tip and rate your paperback the coming time you open the Shipt app.
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according to the law of supply and demand, if the amount of oil extracted worldwide were to increase and the demand stayed the same, the price of oil should
according to the law of supply and demand, if the amount of oil extracted worldwide were to increase and the demand stayed the same, the price of oil should remain stable.
In general, as the supply of oil grows, prices fall, and when the supply falls, prices rise. Similarly, if demand falls, prices should fall, and if demand rises, prices should climb.
Rising prices suggest that more supply is required, while dropping prices indicate that there is insufficient supply to meet existing demand.
Oil consumption is made up of many corporations and hundreds of millions of people, all of whom jointly influence pricing. Oil production can also have an impact on oil prices, especially in nations that produce a lot of crude oil.
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The more units that are backordered, the ______ the inventory position.
The more units that are back ordered, the lower the inventory position.
The inventory position of a company is a measure of the amount of inventory that is on hand at a given time. A high inventory position indicates that the company has a significant amount of inventory on hand, while a low inventory position indicates that the company has a small amount of inventory on hand.
Backorders, on the other hand, are orders that a company cannot fulfil immediately because it does not have enough inventory to meet demand. The more units that are back-ordered, the higher the demand for the product and the lower the inventory level. Therefore, if a company has a large number of units back-ordered, it is likely that its inventory position is low, as the company is struggling to keep up with demand and is running out of inventory.
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Who is responsible for global trade?
The World Trade Organization(WTO) is the only international organization responsible for regulating international trade.
What is the WTO in plain English?The WTO agreements, which were negotiated, signed, and ratified by the majority of the worlds largest trading nations, form its foundation. It examines member governments' trade policy while serving as a venue for the settlement of international trade negotiations.
What are the WTO's restrictions?Some criticize the WTO for allowing international corporations to dominate local industries and businesses, which lessens cultural variety. It is said that the WTO lacks democracy. The wealthiest nations are said to benefit the most from its framework since it allows them to get what they want.
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Why does protectionism cause a deadweight loss in trade?
There is deadweight loss since consumers lose more as a result of protectionism than producers do. Additionally, since redistributions brought on by tariffs frequently result in vested interests, harm frequently continues.
Explain the role of Protectionism for domestic firms?Government measures that impede international trade in order to support home sectors are referred to as protectionism. However, they can also be introduced due to safety or quality concerns. Protectionist policies are typically implemented to increase economic activity within a home economy. Specific limitations on international trade are imposed by protectionist policies in order to boost domestic economies. Although protectionist policies frequently aim to boost economic activity, they can also be the consequence of worries about safety or quality. Economists and decision-makers disagree on the merits of protectionism. A government can impose protectionist policies through a variety of measures, including tariffs, import quotas, product standards, and subsidies.
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The purchasing habits of 1,000 grocery shoppers are noted. No association is found between the variables. Fill in the empty portion of the table with values that would support this claim. Explain your reasoning.
Here is the completed table that shows the purchasing habits of 1000 grocery shoppers :
bought milk bought no milk Total
bought eggs 422 228 650
bought no eggs 150 200 350
Total 572 428 1000
What is a two-way recurrence table?
A two-way or possibility table is a factual table that shows the noticed number or recurrence for two factors, the lines demonstrating one class and the segments demonstrating the other class. The lines of the table let us know whether the understudy inclines toward canines and felines, or doesn't have an inclination.
The all-out number of individuals who purchased eggs = 422 + 228 = 650
The all-out number of individuals who purchased no eggs = 1000 - 650 = 350
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What are the 3 types of pricing?
The three types of pricing are cost-based pricing (setting prices based on the cost of the product), value-based pricing(Setting prices based on the perceived value of the product), and competition-based pricing(Setting prices based on the prices of competitors).
Cost-based pricing is the most basic pricing strategy and involves calculating the cost of the product and then adding a markup to generate the final price. This is a common practice with products where there is a competitive market. With this approach, you must correctly calculate the costs of the product and its associated costs, such as marketing and transportation.
Value-based pricing is based on the perceived value of the product to the customer. It is based on the idea that customers are willing to pay a certain amount of money for a product that provides them with a certain amount of value. When using this strategy, companies must carefully assess the value of their product to their target market to determine the best price.
Competition-based pricing is when a company sets its prices based on the prices of its competitors. This strategy is often used to remain competitive in the market. Companies must research the market and their competitors to ensure they are setting a price that is fair to their customers and still gives them a competitive edge.
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holly has been tasked to design the plan the it department will use when making a change to systems. the plan will be used anytime the company needs to change a system and should include which people are to be contacted when changes are made and what the changes will do to other equipment. while holly writes the change document, what types of things will she need to include in the scope of change? (select all that apply.)
Holly will make sure that the Change Document is thorough and full by include each of these topics in the Scope of Change. This will guarantee that any modifications performed
What kinds of things must she include in the change's scope?Holly has to make sure that the following items are listed in the scope of change while developing the change document:1. A detailed explanation of the necessary adjustments. The reason for the change, its goals, and any potential effects should all be included here.2. A list of the persons who should be contacted in the course of the change process Any technical workers, business users, and other important stakeholders should be included in this.3. A description of the affected hardware, software, and other IT resources.4. A schedule and strategy for carrying out the change. This needs to contain any interim goals as well as the anticipated start and end dates.5. Identification of any changes-related hazards or potential weak points.6. Create a test strategy for the modification after it has been applied.7. The change's documentation, which should include any guidelines or steps.8. Make a plan for communications and training, including any announcements and guidelines that must be distributed to the pertinent parties.Holly will make sure that the Change Document is thorough and full by include each of these topics in the Scope of Change. This will guarantee that any modifications performed.To learn more about Scope of Change refer to:
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International cash management systems are more complex than domestic cash management systems because
many developing countries still use a cash payments system.
some countries rely on electronic funds transfer more than the U.S.
liquidity management, involving short-term cash balances and deficits, has to be managed across international boundaries and time zones and is subject to the risks of currency fluctuations.
none of these.
International cash management systems are more complex than domestic cash management systems because liquidity management, involving short-term cash balances and deficits, has to be managed across international boundaries and time zones and is subject to the risks of currency fluctuations. The correct option is C.
What is international cash management?Moving money between nations is made easier by the discipline of international cash management. The cash managers are in charge of opening accounts in local currencies within their respective fields of interest and transferring money into and out of those countries as needed.
Due to its complexity where it is compounded, cash management in an MNC is more challenging. The organizations conduct business in this situation using various currencies, making it impossible to control the cost of currency exchange.
Thus, the ideal selection is option C.
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g which of the following is true regarding joint ventures? select one: a. a joint venture may be formed without drawing up a formal agreement. b. generally, joint ventures are taxed like corporations. c. members of a joint venture are agents of the other members. d. if one of the members of a joint venture dies, the joint venture is automatically terminated.
Based on the business management concept, and the available options, the statement that is true regarding joint ventures is that "if one of the members of a joint venture dies, the joint venture is automatically terminated."
What is Joint Ventures?Joint Ventures is a term that is used to describe the form of business entity established by two or more parties, generally depicted by shared ownership, shared returns and risks, and shared governance.
Generally, Joint Venture is considered a business arrangement in which two or more parties agree to pool their resources to accomplish a specific task.
Types of Joint Ventures are the following:Project Joint VentureFunctional Joint Venture. Vertical Joint Venture. Horizontal Joint Venture.The benefits of Joint Ventures are the following:it allows access to new markets and distribution networks.it increases the company's capacity.it allows sharing of risks and costs with a partner.it allows access to new knowledge and expertise, including specialized staff.it allows access to greater resources, for example, technology and finance.Hence, in this case, it is concluded that the correct answer is option D. "if one of the members of a joint venture dies, the joint venture is automatically terminated."
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on december 31, strike company sold one of its batting cages for $50,000. the equipment had an original cost of $310,000 and has accumulated depreciation of $260,000. depreciation has been recorded up to the end of the year. what is the amount of the gain or loss on this transaction? a.no gain or loss b.loss of $50,000 c.gain of $50,000 d.cannot determine without more information
The gain or loss on the sale of the batting cage is $0, which means there is no gain or loss on this transaction. The correct answer is therefore (A) no gain or loss.
How do you calculate the amount of the gain or loss on this transaction?The gain or loss on the sale of the batting cage can be calculated using the following formula:
Gain or Loss = Sales Price - Net Book Value
The net book value of the equipment is its original cost minus its accumulated depreciation. In this case, the net book value is $310,000 - $260,000 = $50,000.
Plugging this value into the formula above, we get:
Gain or Loss = $50,000 - $50,000 = $0
Therefore, the gain or loss on the sale of the batting cage is $0, which means there is no gain or loss on this transaction. The correct answer is therefore (A) no gain or loss.
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craigmont uses the allowance method to account for uncollectible accounts. its year-end unadjusted trial balance shows accounts receivable of $114,500 and sales of $975,000. if uncollectible accounts are estimated to be 0.5% of sales, what is the amount of the bad debts expense adjusting entry?
If craigmont uses the allowance method to account for uncollectible accounts. its year-end unadjusted trial balance shows accounts receivable of $114,500 and sales of $975,000. The amount of the bad debts expense adjusting entry is: $4,875.
What is bad debt?Bad debt can be defined as the money are uncollectible because the borrower did not pay the amount loan to them.
Now let find the bad debt expense using this formula
Bad debt expense = Sales × Uncollectible accounts of sales
Where:
Sales = $975,000
Uncollectible accounts of sales = 0.5%
Let plug in the formula
Bad debt expense = $975,000 × 0.5%
Bad debt expense = $4,875
Therefore we can conclude that the bad debt expense adjusting entry has the amount of $4,875.
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if cost-push inflation occurs and the government adopts a hands-off policy approach, then, according to the simple extended ad-as model, in the long run the economy will multiple choice get back to where it started from. get stuck with high unemployment. experience an inflationary spiral. have a higher price level.
if cost-push inflation occurs and the government adopts a hands-off policy approach, then, according to the simple extended ad-as model, in the long run the economy will get back to where it started from.
What Is Cost-Push Inflation?When total prices rise (inflation) as a result of rising costs for wages and raw materials, this phenomenon is referred to as cost-push inflation, sometimes referred to as wage-push inflation. The overall quantity of output in the economy may decline as a result of higher manufacturing costs.Cost-push inflation is a form of inflation that is thought to be brought on by price rises for significant products or services when there are no viable alternatives. Businesses are compelled to raise the price of their outputs as a result of increasing input costs. It is compared to the demand-pull inflation hypothesis. Both theories of inflation have been advanced at various points, but there isn't enough data to say which is more accurate.
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on july 1, costa rica adventures issues a $120,000, eight-month, 6% note. interest is payable at maturity. what is the amount of interest expense that the company would record in a year-end adjusting entry on december 31?
On July 1, Costa Rica Adventures issues a $120,000 eight-month bond at 6%. Interest is paid on the due date. Interest expense in the Year End Adjustment entry on December 31st would be $3,600. [Interest expense calculation: (120,000)(6/12)(0.06) = $3,600]
What is interest expense?Interest expense is the cost a company bears on borrowing money. It is a non-operating expense shown in the income statement. It represents interest paid on borrowings such as bonds, loans, convertible bonds, or lines of credit.
What interest is deductible?Types of interest deductions for personal deductions on Schedule A (Form 1040, Personal Deductions) : Eligible Mortgage Interest Rates (if you are the buyer) including Investment Interest (net investment income only).
Where is interest expense on the balance sheet?This is classified as long-term debt on the liability side of the company's balance sheet.
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What is the importance of inflation and unemployment on GDP?
According to this economic theory, unemployment and inflation are mutually exclusive. As a result, it asserts that expansion and growth bring inflation into the economy.
What is economic theory?Economic Theory offers a venue for research in all fields of economics based on strong theoretical justification and on mathematical subjects that are supported by the examination of economic issues. Published papers help readers comprehend and resolve important economic issues. Classical and contemporary equilibrium theory, cooperative and non-cooperative game theory, macroeconomics, social choice and welfare, information and uncertainty, intertemporal economics (such as dynamical systems), public economics, international and educational economics, financial economics, money and banking, and industrial organization are some of the topics covered in the journal. In addition to original research publications, Economic Theory also publishes surveys that concisely outline the fundamental assumptions, key technical tools, and key outstanding topics for a given field of study.
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Checkers uses the periodic inventory system. For the current month, the beginning inventory consisted of 7,200 units that cost $12 each. During the month, the company made two purchases: 3,000 units at $13 each and 12,000 units at $13.50 each. Checkers also sold 12,900 units during the month. Using the LIFO method, what is the ending inventory?
Checkers uses the periodic inventory system. By, using the LIFO method, he ending inventory is $ 113,700.
What do you mean by the LIFO method?Last In First Out is the acronym for this concept. One way of processing data is LIFO.
The LIFO approach can assist you reduce your tax burden if the price of your goods rises over time. This is due to the fact that your profit margin will decrease if you add the most current or greater inventory charges to the things you've sold. The less money you make, the fewer taxes you'll have to pay.
When the expenses of making a product or acquiring inventory have been rising, the COGS (Cost of Goods Sold) computation uses the LIFO approach. Inflation may be to blame.
Here,
Calculation of LIFO method:
Units left from Units Unit Cost Total
Beginning 7200 × 12 86,400
First Purchase 21000 × 13 27,300
Total 9300 $113,700
Therefore, Checkers uses the periodic inventory system. By, using the LIFO method, he ending inventory is $ 113,700.
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if apple won an order to sell 500 of its new minicomputers to australia, but the australian government stipulated that 20 percent of the component parts of the minicomputers that it purchased must be produced in australia, that stipulation would be an example of a(n) a. specific content requirement. b. ad hoc content requirement. c. dumping d. ad valorem content requirement e. local content requirement.
if apple won an order to sell 500 of its new minicomputers to australia, but the Australian government stipulated that 20 percent of the component parts of the minicomputers that it purchased must be produced in Australia, that stipulation would be an example of a(n) e. local content requirement.
Which of the following is defined as selling goods in a foreign market at below their costs of production?Dumping: When items are exported for less than their typical worth, usually less than they would sell for on the domestic market, on markets in other countries, or at manufacturing costs. (World Trade Organization, source)
A quota is an explicit limit on the overall volume of an item or service that may be imported over the course of a given time period. Quotas limit overall supply, which raises the domestic price of the commodity or service they are applied to.
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What are the three main causes of economic growth?
Three fundamental elements propel economic expansion:
Building up of capital stock.Increases in the number of workers or hours worked, for example.Technological progress.What causes economic growth?The increase or improvement in the market value of the goods and services produced by an economy within a specific fiscal year, after accounting for inflation, is referred to as economic growth. Statisticians have typically determined growth as a percentage of real gross domestic product, or real GDP.
Strategies for boosting the economyTwo elements that typically stimulate economic growth are consumer spending and business investment. Tax reductions and rebates are used to give money back to customers and boost spending. Although deregulation is credited with boosting growth by removing limitations on businesses, it can also encourage taking unwarranted risks.
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What is an in-Group ?
An in-group is a team of people who pick out with every other based totally on a variety of elements inclusive of gender, race, religion, or geography. Our tendency to distinguish between in-group and out-group contributors has ethical implications.
What is an in-group and out-group?An in-group is a crew to whom you, as a person, belong, and every person else who is perceived as belonging to that group. In- crew participants have tremendous views of every other, and provide every member preferential treatment. An out-group consists of absolutely everyone who does no longer belong to your group.
What is an example of an in-group?We call such corporations in-groups. Fraternities, sororities, sports teams, and juvenile gangs are examples of in-groups. Members of an in-group regularly end up competing with individuals of another crew for various kinds of rewards.
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https://brainly.com/question/26614547#SPJ4Which of the following is a result of having scarce economic resources for the production of goods and services?
O The production of unlimited goods and services O Poverty and unequal distribution of wealth O Fewer options that require choices O Deflation
Option D is the correct. Production of limited goods & services is a result of having scarce economic resources for the production of goods and services.
You undoubtedly already associate scarcity with natural resources like titanium, oil, coal, gold, and diamonds. In fact, they are sometimes referred to as "precious resources" to underline how scarce they are. When the demand for a natural resource exceeds the supply, resource scarcity results, which causes the stock of those resources to decrease. As a result of rising costs that make the resource less accessible to those who are least well-off, this might result in unsustainable growth and an increase in inequality. Producers are impacted by scarcity because they must decide how to use their limited resources to their best advantage. Customers are impacted since they must decide which services or products to purchase.
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The initial impact of the repeal of an investment tax credit is to shift?
a. aggregate supply left.
b. aggregate demand left.
c. aggregate demand right.
d. aggregate supply right.
The initial impact of the repeal of an investment tax credit is to shift b. aggregate demand left.
Aggregate demand is the total demand for items in an economy. It is the sum of all spending by households, businesses, the government, and foreigners on domestic items. The aggregate demand curve shows the relationship between the price level and the quantity of goods and services demanded in an economy.
The repeal of an investment tax credit could have a number of effects on the economy. One potential impact is that it could shift aggregate demand to the left. If the repeal of an investment tax credit leads to a decrease in investment spending by businesses, it could result in a reduction in aggregate demand. This could cause the aggregate demand curve to shift to the left, as the economy would be demanding fewer items at each price level.
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What are the two types of interface by which the user can interact with an operating system?
Text user interfaces (TUI) and graphical user interfaces are two types of user interfaces that can be utilized with operating systems.
What is a textual interface?An interface that is browsed by typing commands rather than using a mouse or touch screen is known as a text-based user interface (TUI), also known as a text interface, terminal user interface, command line, command screen, or Windows command line.
What distinguishes the GUI from the TUI?A TUI differs from a GUI in the following ways: Textual User Interface, or TUI, is a type of user interface that sits between command-line and graphical user interfaces. Graphical items like menus, toolbars, and icons are employed in GUI, or graphical user interface, to carry out tasks.
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Bank loans to business firms
A. are usually short-term in nature.
B. are preferred by the banker to be self-liquidating.
C. may require compensating balances.
D. All of these options
Bank loans to business firms are usually short-term in nature, are preferred by the banker to be self-liquidating and may require compensating balances. The correct option is (D).
What do you mean by the bank loan?A sum of money that a client or company borrows from a bank, frequently with a specific goal in mind.
In a loan, a certain quantity of money is given to another person in exchange for the value or main amount being repaid at a later date.
Before agreeing to provide a borrower a loan, lenders will take into account the borrower's income, credit score, and degree of debt.
A loan may be unsecured, like a credit card, or it may be secured by property, like a mortgage.
Therefore, Bank loans to business firms are usually short-term in nature, are preferred by the banker to be self-liquidating and may require compensating balances.
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How do producers become successful?
Producers can be successful by: Connect with musicians. Get used to process. Know your space. Listen mistakes you make. Receive feedback. Work with what you have. Be your own best marketer. Don't let the analysis paralyze you.
Why is it difficult to be a producer?This is a difficult task that requires excellent time management, problem solving and organizational skills. This is because producers often dictate the creative and financial direction of large projects. But when it comes to being a film or TV show producer, your job has a lot to offer!
What exactly does a producer do?Producers are responsible for finding and launching projects. arranging funding; hiring key members of team of writers, directors and creatives; He will oversee all aspects of pre-production, production and post-production until release.
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How long does an assessment day last?
The length of assessment days can vary, but they usually last one afternoon or a couple of days.
What you meant by assessment day?Assessment days typically include some or all of the following activities, which may necessitate preparation: presentations, group projects, written tests, role plays, and an individual interview.For most graduate jobs or schemes, an assessment day is the final step in the hiring process. While they can be intimidating, they are also a great way to easily demonstrate a broader range of skills and competencies than an interview.They also provide assessors with an idea of the candidate's current abilities. They can be challenging because they are usually performed under time constraints, so candidates should practice before their assessment day.The portion of the interviewing process that tests a candidate's industry knowledge, personality traits, and observational abilities is known as an assessment.To learn more about assessment refer to :
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What is income in a closed economy?
In a closed economy, the gross income is equivalent to the gross national product, or the GNP.
A closed economy is usually assumed as a form of economy with completely restrictive trades in practice. These economies are slowly becoming irrelevant, specifically due to the sudden growth in demand for foreign goods. This situation has risen because of the popularity gained by open economies in recent decades. Since, the income is derived out of domestic produces, it is always equal to the gross income.
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How can you improve efficiency and effectiveness of service delivery?
Through the reengineering and automation of key business processes and the integration of systems, the operation helped ANSES deliver services more effectively.
What is automation?Automation refers to a wide range of technologies that reduce human participation in processes by predetermining decision criteria, subprocess linkages, and associated actions as well as recording those predeterminations in machines. A range of methods, most usually in combination, have been used to automate processes, including computers, electronic devices, hydraulic, pneumatic, electrical, and mechanical devices. The benefits of automation include decreases in labor costs, waste reduction, electricity and material cost savings, as well as improvements in quality, accuracy, and precision. Automation is used in the operation of many devices and control systems, including machinery, manufacturing operations, boilers, and heat-treating ovens, as well as the activation of telephone networks, the steering, and stabilization of ships, aircraft, and the other applications and vehicles.
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What are the 5 principles of recycling?
The five R principles—Refuse, Reduce, Reuse, Recycle, and Recover—are used this to manage plastic trash in an effective manner.
What is recycling beneficial to the environment?As is commonly known, recycling lessens the quantity of trash that is dumped in landfills while also lowering the amount of natural materials and energy required for production by preventing pollution from being created when a scrap metal is utilized to make a new product. It is clear why recycling is essential. Recycling reduces the requirement for mining, quarrying, and forestry to get raw resources, as well as the further refinement and treatment of those assets, all of which cause considerable air and water pollution. Recycling reduces greenhouse gas emissions and saves electricity, which both help fight climate change.
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Entrepreneurial start-ups and small businesses ______.
Entrepreneurial start-ups and small businesses are more responsible than any other kind of American business for creating new inventions and jobs in the country.
Small firms and entrepreneurial start-ups frequently encounter numerous difficulties and barriers as they strive to expand and be successful. The following are some typical difficulties that these companies might run into:
Limited resources: It can be challenging for small enterprises to compete with larger corporations since they frequently have few financial and human resources.
Lack of experience: Since many entrepreneurs and small business owners are just starting out, they might not have the knowledge and skills necessary to deal with the difficulties they will encounter.
Limited access to capital: It could be challenging for small firms to get the money they need to operate and expand.
Competition: There could be a lot of competitors on the market, which could make it challenging for small businesses to stand out from the competition and draw in clients.
Obstacles posed by regulations: small firms may also experience obstacles posed by regulations, such as obtaining required license and permissions or adhering to numerous laws and regulations. Many small firms are nonetheless able to succeed in spite of these difficulties. However, it necessitates a lot of effort, perseverance, and endurance.
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Erica is analyzing the shares of SongatikamasCompany. The Company currently pays a dividend of $2.50. She believes the company has a new product that will result in supernormal growth of 20% for two years. Once the market for this product is saturated, she expects the Songatikamas’ growth will fall to 3%, which is equal to the level of world economic growth. Erica determines that the required return on Songatikamasshould be 12%. What is the value of Songatikamas’ shares?
With the required return on Songatikamas, value of Songatikamas’ shares Div 3 = 3.708
Div0*(1+g1)^2*(1+g2) Div0 = 2.5 g1 = .20 g2 = .03 Div 3 = 2.5*((1+.20)^2)*(1+.03) Div 3 = 3.708. The intrinsic value of a stock can be ascertained through stock valuation. The theoretical or intrinsic value of the stock is independent of its actual market price. As a result, stock valuation is much more significant.
An investor can determine if a stock is overvalued or undervalued from its present market price once they are aware of the intrinsic worth of the stock. Additionally, it aids in estimating the stock's potential movement and future price. An investor can determine the value of the stock or share using predetermined calculations and procedures. Each approach relies on a collection of parameters that you can use to determine the stock's worth.
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What are the negative effects of tariffs?
Tariffs could have unforeseen consequences. By stifling competition, they can make domestic industries less productive and creative.
What impact do tariffs have on customers?Since consumers are the ones who must pay the tax imposed on the imported good, the application of high tariffs results in higher pricing, which has an impact on their consumption. Due to a decrease in demand from consumers in the importing country as a result of the high tariffs, import supply also declines.
Who suffers from tariffs' losses?A tariff is an import tax. The tariff pushes domestic prices above global prices. Because they fork over more money and purchase fewer units of the goods, consumers lose out. Domestic businesses boost production as a result of rising domestic prices, and see their profits rise.
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