Answer:
Quota is preferred by the Chinese apparel manufacturers.
Explanation:
The reason is that the China has an competitive advantage of less costly workers and also that they are highly competitive in terms of prices. Usually the quality of American’s products are far much better in quality and technology. This means if the tariffs are imposed on Chinese products then their are huge revenue losses to Chinese apparel manufacturers. Whereas quota will enable them to sale their products to America which shows lower revenue losses.
So quota is far much better for Chinese manufacturer’s in case if America decides to use protectionist approach, I mean America decides to imposed trade barriers for Chinese companies to protect American companies.
If demand for a good is extremely elastic, raising the price of that good typically has what effect on total revenue--- decreases
If demand is elastic at a given price level, then should a company cut its price, the percentage drop in price will result in an even larger percentage increase in the quantity sold—thus raising total revenue. However, if demand is inelastic at the original quantity level, then should the company raise its prices, the percentage increase in price will result in a smaller percentage decrease in the quantity sold—and total revenue will rise.
Demand elasticity :
Demand elasticity is the change in quantity demanded per change in a demand determinant. Although there are several demand determinants, such as consumer preferences, the main determinant with which demand elasticity is measured is the change in price. Businesses are particularly interested in price elasticity, since it measures by how much total revenue changes with the price.
Learn more about demand elasticity :
brainly.com/question/22172669
#SPJ4
Answer:
b. allows people to specialize according to comparative advantage.
Explanation:
A trade can be defined as the process that typically involves the buying and selling of goods and services between a buyer (consumer) and a seller (producer).
Trade can make everybody better off because it allows people to specialize according to comparative advantage.
This ultimately implies that, trade creates an enabling environment that suits a specific service provider or producer of a particular product.
Answer:
purchasing put options.
Explanation:
Based on the scenario being described within the question it can be said that the most appropriate hedge would be purchasing put options. Put options are a contract that gives the owner the ability to sell an underlying security for a pre-determined price at a specific time frame. Which allows the individual to take advantage of capitalization in the meantime. Such as in this case.
It seems that you have missed the necessary options for us to answer this question so I had to look for it. Anyway, here is the answer. The statement that reflects upon the difficulty <span>companies face when requiring international suppliers to follow environmental and human rights standards set by u.s. firms is this:</span> Both economics and culture enter into the discussion of fairness concerning international suppliers who do business with U.S. Firms. Hope this helps.
