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NEW QUESTION: 1
The domestic demand Q for a good X at a price P is given by Q = 400 -2P while the supply function is given by 100 + 4P. The world price for good X is 45 in international markets. All quantities are in thousands of units. If the government imposes a tariff of 5% on imports, the imports will be:
A. 13.25
B. 16.5
C. 0
Answer: B
Explanation:
First note that without imports, the price prevailing in the domestic market will satisfy 400 -
2 P = 100 + 4P, giving P = 50. The world price is 45 and with a 5% import tariff, it becomes 45 * 1.05 =
47.25. Since this price is lower than 50, there will continue to be imports and the price prevailing in the domestic market after the tariffs will equal 47.25.
Before the tariffs, the producers supply a quantity equal to 100 + 4 * 45 = 280 and domestic consumers demand 400 - 2 * 45 = 310 units. Thus, imports without the tariffs equal 310 - 280 = 30 units. With the tariff in place, the producers produce 100 + 4 * 47.25 = 289 units. The consumers demand 400 - 2 * 47.25 =
305.5 units. Thus, the imports now equal 305.5 - 289 = 16.5 units.

NEW QUESTION: 2

A. switchport access vlan 2
B. switchport mode access
C. switchport access vlan 1
D. switchport mode trunk
E. switchport trunk native vlan 1
F. switchport protected
Answer: A,B

NEW QUESTION: 3
The responsibility for preparing and presenting the audited financial statements is that of:
A. Auditing Agency
B. Internal auditor
C. Engagement client/ Management of the entity
D. Process owner
Answer: C

NEW QUESTION: 4
Which statement is NOT true about the SOCKS protocol?
A. Network applications need to be SOCKS-ified to operate.
B. It uses an ESP for authentication and encryption.
C. It operates in the transport layer of the OSI model.
D. It is sometimes referred to as an application-level proxy.
Answer: B
Explanation:
The correct answer is "It uses an ESP for authentication and encryptio". The Encapsulating
Security Payload, (ESP) is a component of IPSec. Socket Security (SOCKS) is a transport layer, secure networking proxy protocol. SOCKS replaces the standard network systems calls with its own calls. These calls open connections to a SOCKS proxy server for client authentication, transparently to the user.
Common network utilities, like TELNET or FTP, need to be SOCKSified,
or have their network calls altered to recognize SOCKS proxy calls.
Source: Designing Network Security by Merike Kaeo (Cisco Press, 1999).