The arguments for restricting trade

Suppose there is a policy debate regarding the United States imposing trade restrictions on imported steel rods.

Domestic producers of steel rods send a lobbyist to the U. S. government to request the government impose trade restrictions on imports of steel rods. The lobbyist claims that producers in other countries receive subsidies to export steel rods and that domestic suppliers can't compete in the international marketplace.

Which of the following justifications is the lobbyist using to argue for the trade restrictions on steel rods?

a. Unfair competition argument

b. National security argument

c. Infant-industry argument

d. Using protection as a bargaining chip argument

e. Jobs argument

Goods and services that can be used for the same purpose are and goods and services that are used together are

Afirm's before-tax cost of debt, rd, is the interest rate that the firm must pay on debt. because interest is tax deductible, the relevant cost of debt used to calculate a firm's wacc is the cost of debt, rd (1 – t). the cost of debt is used in calculating the wacc because we are interested in maximizing the value of the firm's stock, and the stock price depends on cash flows. it is important to emphasize that the cost of debt is the interest rate on debt, not debt because our primary concern with the cost of capital is its use in capital budgeting decisions. the rate at which the firm has borrowed in the past is because we need to know the cost of capital. for these reasons, the on outstanding debt (which reflects current market conditions) is a better measure of the cost of debt than the . the on the company's -term debt is generally used to calculate the cost of debt because more often than not, the capital is being raised to fund -term projects. quantitative problem: 5 years ago, barton industries issued 25-year noncallable, semiannual bonds with a $1,600 face value and a 8% coupon, semiannual payment ($64 payment every 6 months). the bonds currently sell for $845.87. if the firm's marginal tax rate is 40%, what is the firm's after-tax cost of debt? round your answer to 2 decimal places. do not round intermediate calcu

Suppose the real risk-free rate and inflation rate are expected to remain at their current levels throughout the foreseeable future. consider all factors that affect the yield curve. then identify which of the following shapes that the u.s. treasury yield curve can take. check all that apply.