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pishuonlain [190]
2 years ago
15

Suppose that Australia imposes a tariff on imported beef. If the increase in producer surplus is $100 million, the increase in t

ariff revenue is $200 million, and the reduction in consumer surplus is $500 million, the deadweight loss of the tariff is $300 million.a) trueb) false
Business
1 answer:
hram777 [196]2 years ago
6 0

Answer: False

Explanation:

A tariff is a tax that is imposed by the government of a particular country in order to curtail the number of imported goods brought into the country.

Based on the above scenario, the reduction in consumer surplus is not $500 million but rather $600 million which is the addition of $100 million, $200 million and $300 million.

Therefore the question is false.

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vovikov84 [41]

Answer:

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6 0
3 years ago
If customer satisfaction does not always lead to customer loyalty, firms may need to focus additional effort on _____ strategies
mihalych1998 [28]

The firms may need to focus additional effort on retention strategies.

Retention strategies are means employed by firms to retain their customers both new and existing, over some specified period.

Where a company has high customer retention, it means customers would continue to patronize the company's products and not not defect to another product or business.

Customer retention process starts with the first point of contact in an organization and spread through the whole duration of the customer's relationship with the organization.

Learn more at: https://brainly.com/question/4310845

5 0
2 years ago
Which stage in project management involves team members working on the assigned tasks as described in the project plan?
vagabundo [1.1K]

Answer:

C.  execution

Explanation:

  • The execution stage is 3rd stage in project management lifecycle is usually is longest phase as during which the teams develops the product or services and presents the final end product to the clients. Here the team members work on the same set of guidelines that are assigned or designed in a project.
3 0
2 years ago
You have a neighbor, Mr. Peterson, who comes to you for advice. He owns a fish and chips restaurant, "The Codfather, LLC" which
Vladimir [108]

The first advice I would give Mr. Peterson would be to formalize the transfer. So the first step in this situation would be to contact a good lawyer to see if the transfer of business to your child would be authorized. This is because the transfer of LLCs has rules that may differ from one location to another.

7 0
3 years ago
Read 2 more answers
Explain how a country could have a deficit on its primary income but a current account surplus. 4 marks​
Tatiana [17]
<h2>The following are the reasons for how a country could have a deficit on its primary income but a current account surplus:</h2>

  • The identified and associated sources of primary income would be different than the sources of financial activities that reflect their collection in the current account.
  • The expenses on developmental activities could be drawn from the primary account rather than drawing them directly from the current account.
  • There could be diversions of funds to manage the accounts in order to earn interest on them.
7 0
3 years ago
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