Answer:
c. trade diversion effect.
Explanation:
Trade diversion is an economic situation in which countries import their goods from a particular country, often times (less efficient exporter), instead from the more efficient exporter due to formation of free trade agreements between or among the countries involved.
However, while at superficial level, the exporting country will export more of their goods, and the consumers from importing contry will have the price of the goods reduced due to formation of free trade agreement between the countries. The countries would find their short run welfare decreasing due to following reasons:
1. Exporting countries will suffer loss due to reduction in prices of their goods, which will in turn cause reduction in production output, thus, employment level will reduce or mass loss of jobs, reduction in profits, and decrease in payments to fixed cost.
2. Government of importing countries, will lose the money or revenue they normally gain from import tariffs, thereby decreasing the government spending on the economy, which will outrightly have negative effects.
The process of walking through a program's logic on paper before you actually write the program is called desk-checking
This is further explained below.
<h3>What is the program?</h3>
Generally, A sequence of instructions written in a programming language that is intended to be carried out by a computer is known as a computer program.
The term "software" refers to a collection of elements, some of which are physical, such as computer programs, while others are more immaterial, such as documentation.
The form in which a computer program may be read by humans is known as the source code.
In conclusion, Desk-checking is when you go through the steps of a program's logic on paper before actually writing the program itself.
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Jamestown was the first settlement of the Virginia Colony, founded in 1607; it served as capital of Virginia until 1699. John Rolfe first brought a specific variety of tobacco seeds to Virginia, establishing it as the area's most important cash crop and export.
Traditionally, it has been taught that a formal essay consists of three parts: the introductory paragraph or introduction, the body paragraphs, and the concluding paragraph. An essay does not need to be this simple, but it is a good starting point.