A natural barrier that faces Argentina when it sells beef to Siberia is distance.
<h3>Why distance is a barrier to trade?</h3>
Due to the fact that markets within countries are typically closer together than markets between countries, distance reduces international trade in comparison to domestic trade. Most overseas markets have higher transportation expenses than they do for domestic markets, frequently by a significant margin. Given that distance seems to restrict trade more than can be compensated for by transportation, it is possible that distance is also linked to greater non-transportation trade costs.
For example, the price of carrying the beef from Argentina to Siberia could make it too expensive even though farming beef there may be less expensive than raising beef in the freezing cold of Siberia. Thus, one of the inherent obstacles to international trading is distance.
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Answer and Explanation:
The answer given in the question are not correct. Following should be the choices:
A: 6.5%
B: 7.4%
C: 3.8%
D: 4.6%
The correct answer is A. 6.5 %
The reason is:
3.5% x 1.1% = 4.6%
3.5% + 3.9% = 7.4%
It has to be in between this which is,
4.6% < 6.5% < 7.4%
Answer:
The the elasticity of demand for biscuit is <u>-0.33</u>.
Explanation:
Elasticity demand is the degree of responsiveness of quantity demanded for a commodity to a change in the price of that commodity.
The elasticity of demand for biscuit can be calculated using the following elasticity of demand formula:
Elasticity of demand = Percentage change in Qd / Percentage change in price .................. (1)
Where Qd denotes quantity demanded.
Percentage change in Qd = [(New Quantity - Old Quantity) / Old quantity] * 100 = [(200 - 300) / 300] * 100 = -33.33%
Percentage change in price = [(New price - Old price) / Old price] * 100 = [(N500 - N250) / N250] * 100 = 100%
Substituting the values into equation (1), we have:
Elasticity of demand = -33.33% / 100% = - 0.33
Therefore, the the elasticity of demand for biscuit is <u>-0.33</u>.
Note that since -0.33 in absolute term |-0.33| is less than 1, the demand for biscuit is inelastic. That is, the change in the quantity demanded for biscuit responds less than the change in its price.
Answer:
Please see the answer below.
Explanation:
if in the cutting-edge duration there are unrealized intercompany stock income that becomes an end result of the earlier period, earnings must be added into consolidated net income and then it has to be assigned to the shareholders who made the intercompany sale.
if the profits become because of a downstream sale, income which is assigned to the controlling interest desires to be adjusted through growing the amount of the realized income and if that is due to an end result of upstream sale, profits which is assigned to the controlling, in addition to the non-controlling interest, wishes to be adjusted by means of growing the quantity of earnings while income changed into realized.
sure, it's far very essential to understand the popularity of the sale whether or not it becomes an upstream or downstream due to the elements like whether or not earnings at the sale is adjusted for controlling and non controlling agencies and similarly, for you to as it should be assigned the consolidated internet profits to the correct shareholder
<u>The </u><u>opportunity cost </u><u>of buying a ticket to a major league baseball game and then going to the game is</u><u> the time spent at the game.</u>
How much does going to a baseball game cost?
- If you are going to Friday night's Orioles sport in opposition to the Yankees, the common fee is $168. That's one of the maximum cheap withinside the league.
- The most inexpensive is the Arizona Diamondbacks at about $126 even as looking a Red Sox sport in Boston is the maximum highly-priced. The common fee is greater than $324.
Are baseball tickets highly-priced?
Watching your favored baseball group stay withinside the stadium can be highly-priced business, with price price tag fees withinside the league starting from 167 U.S. greenbacks for the Boston Red Sox to fifty two U.S. greenbacks for the Baltimore Orioles.
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