The term protectionism, when applied to international trade, refers to governmental restrictions and incentives to affect trade flows

Indicate whether the statement is true or false

TRUE

Business

You might also like to view...

Zero Company's standard factory overhead rate is $3.75 per direct labor hour (DLH), calculated at 90% capacity = 900 standard DLHs. In December, the company operated at 80% of capacity, or 800 standard DLHs. Budgeted factory overhead at 80% of capacity is $3,150, of which $1,350 is fixed overhead. For December, the actual factory overhead cost was $3,800 for 840 actual DLHs, of which $1,300 was for fixed factory overhead.

What will be an ideal response?

Business

A potential buyer requested the seller's agent not disclose their identity to the seller. Should the agent follow the buyer's instructions?

A. Yes, the buyer;s identity is not required. B. Yes, the agent must follow the buyer's instructions. C. No, the agent has the duty to disclose this to the seller. D. No, this would be a violation of the anti-trust laws.

Business