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gayaneshka [121]
1 year ago
7

although both tariffs and quotas are tools used to restrict or reduce trade, which of the statements best describes their differ

ences? tariffs are a tax on imported goods, and quotas are limits on the number of exported goods. tariffs are a tax on imported goods, and quotas are limits on the number of imported goods. tariffs are a subsidy for exported goods, and quotas act as a minimum limit of exports. tariffs are a tax on exported goods, and quotas are limits on the number of exported goods. quotas are a tax on imported goods, and tariffs are a tax on imported goods.
Business
1 answer:
blagie [28]1 year ago
7 0

Both tariffs and quotas are instruments used to impede or reduce trade. Both quotas and tariffs place restrictions on the quantity of imported commodities.

<h3>What are exports and imports?</h3>

Exports: The products and services that a nation produces at home and sells to clients or enterprises abroad are known as exports. The nation selling its goods and services benefits from an infusion of money as a result. Businesses may opt to export their products and services to another country because it allows them to:

Take part in international trade

reach out to new markets

raising sales

Imports : are the products and services that a company or customer buys from another nation. The nation that is making the purchases sees money leave the country as a result. Although most nations want to import less products and services than they export in order to boost domestic revenue, a high amount of imports can be a sign of an expanding economy. This is especially true if the majority of the imports are productive assets, such machinery and equipment, which the receiving nation may utilize to raise the productivity of their own economy.

To know more about impots and exports visit:

brainly.com/question/26428996

#SPJ4

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Answer:

Medical breakthroughs enable people to enjoy better healthcare nowadays.

Explanation:

An increase in living standard means that the lives of people are better off.

Advances in medicine have made it possible to find cure to various diseases. This improves standard of living.

Increased pollution of air and water and decline of dollar value have negative effects on living standard.

Pollution affects human health negatively and can cause diseases which negatively affect standard of living. Also, pollution can cause floods and other environmental disasters. Floods can displace people from their homes and this affects standard of living negatively.

Decrease in dollar value has made items more expensive.

I hope my answer helps you

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Which 3 data points can be imported into the app transactions tab in quickbooks online?.
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5 0
1 year ago
Ashton is an investor looking at the income statements of two different companies. The first company has a very detailed income
Drupady [299]

Answer:

The first company with detailed information.

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When Ashton is studying the income statement, he will need as much detail as possible so that he can make informed decision to invest.

The company with detailed income statement will be a better option. The company with condensed income statement will most likely not reveal some important information that will present itself as an unpleasant surprise in the future.

7 0
3 years ago
Suppose you use Solver to find the optimal solution to a maximization model. Then you remember that you omitted an important con
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8 0
3 years ago
Read 2 more answers
Use the following information to answer the next question. Total Asset = $40 million Depreciation = $1.0 million. Basic earning
Marizza181 [45]

Answer:

a. $8.0 million; $1.22 million

Explanation:

The computation is shown below:

As we know that

Basic earnings power = EBIT ÷ total assets

So,

EBIT = Basic earnings power × total assets

= 0.20 × 40 million

= $8 million

Now

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So,  

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= $1.22 million

5 0
3 years ago
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