Governments implement Administrative trade policies that are designed to make it difficult for imports to enter a country.
<h3>What is Administrative Trade Policies?</h3>
Administrative trade policies are bureaucratic rules designed to make it difficult for imports to enter a country. These are rules and regulations made by the government to control the entry of particular products into the country.
<h3>What is Trade policy ?</h3>
Trade policy is the set of agreements, regulations, and practices by a government that affect trade with foreign countries. Each nation determines its own standards for trading, including its tariffs, subsidies, and regulations.
Trade policies have a significant effect on the international economy and on financial markets. They affect exchange rates, the availability of goods, and the prices that people pay for them, among many other economic factors.
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Answer:
Playing the accounting system
Explanation:
Playing the accounting system means fraudsters introduces false information or influences the way the accounting system operates so that results will give higher amounts than one would normally get.
For example creating fictitious customers and assigning sales figures to them, aimed at inflating sales.
In the given instance the fraudster manipulates the way the accounting system calculates depreciation in order to gain from the inflated figures.
Answer:
The correct answer is "substitution effect"
Explanation:
When the price of a good or service rises, and the consumers change into a cheaper product with similar characteristics; immediately the market experiencing a decrease in sales for these changes; That phenomenon is called substitution effect.
For Example:
When the chicken price increases, the consumers prefer to consume pork; Immediately the chicken sales decrease for this decision. That is called a substitution effect.
The investor determines that a credit loss exists on the investment
Answer: Trust
Explanation:
A sales person is an individual who conducts sales on behalf of their company to a buyer.
A key quality a sales person needs to share with his customers is trust.
Trust in sales is built with the customer by: honesty, competence, compatibility and dependability on the part of the salesperson.
