Answer:
Tariffs and import quotas generally reduce economic welfare.
Explanation:
The vast majority of economists (over 90% according to the University of Chicago) agree that tariffs and import quotas generally reduce economic welfare. This is perhaps the normative statement in which economists agree the most.
The reason why is because tariffs and import quotas only benefit a small fraction of domestic producers, to the dismay of a larger number of consumers who end up having to pay higher prices for consumer goods.
Answer:
True
Explanation:
In a free enterprise economic system, the government issues minimal restrictions on the types of goods or services produced. It does not set prices; neither does it dictate the nature of business operations.
In the United States, forces of demand and supply determine the prices. Entrepreneurs have the freedom to decide the type of business to operate. Customers have the option of choosing the products they want to buy. For this reason, the US main economic system is a free enterprise.
Answer:
Hey
Explanation:
Thanks so much.............
Answer:
Both statements I and III are correct.
Explanation:
<u>1.Construct a zero investment portfolio that will yield a sure profit
</u>
<u>
</u>
<u>3.Make simultaneous trades in two markets without any net investments</u>
Answer: Incongruent communication
Explanation: In simple words, incongruent communication refers to the type of communication in which the non verbal actions of the communicator does not match with what exactly he or she is conveying verbally.
Such kind of message confuses the receiving end party as how he or she should understand and accept the message.
In the given case, the CEO has been making statement that she is willing to talk to everybody which depicts that she has a lot of time but at the same situation she is looking at her watch which show she has some deadline.
Hence we can conclude that the given case depicts Incongruent communication.
