Refer to pages 91-94 in Common Sense Economics. Would import restrictions such as tariffs and quotas "save" American jobs? Would the income levels of Americans be higher if we imported less and exported more? Explain.

Jack manufacturing company had beginning work in process inventory of $8,000. during the period, jack transferred $34,000 of raw materials to work in process. labor costs amounted to $41,000 and overhead amounted to $36,000. if the ending balance in work in process inventory was $12,000, what was the amount transferred to finished goods inventory?

Suppose your firm is considering investing in a project with the cash flows shown as follows, that the required rate of return on projects of this risk class is 10 percent, and that the maximum allowable payback and discounted payback statistics for the project are three and a half and four and a half years, respectively. use the irr decision to evaluate this project; should it be accepted or rejected

What level of measurement (nominal, ordinal, interval, ratio) is appropriate for the movie rating system that you see in tv guide?