1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vodka [1.7K]
3 years ago
15

Suppose the country of Ceria and Lithinia imposed tariffs on imports from all countries, and then they set up a free trade area,

scrapping all trade barriers between themselves but maintaining tariffs on imports from the rest of the world. Now, Ceria begins to import sugar from Lithinia. However, Ceria had previously been importing sugar from another country, Cadnia, which produced sugar more cheaply than Ceria or Lithinia. This is an example of
Business
1 answer:
Tems11 [23]3 years ago
7 0

Answer:

trade diversion

Explanation:

Trade diversion results from changing an efficient supplier or trading partner for a not so efficient trading partner. This change usually results from trade agreements or customs unions like NAFTA (or USMCA) or the European Union that benefit less efficient producers.

Trade diversion results in concentrating production in countries with high opportunity costs that do not possess real comparative advantages, but rather political advantages.

You might be interested in
​for most homeowners, the most important financial benefit from owning a home is that it is:
mezya [45]
Most homeowners would agree that the most important financial benefit from owning their own home is the tax break. This is known as a tax shelter and allows for homeowners to avoid or lower their taxes.  Owning a home reduces your taxable income and in large part due to interest rates and interest paid on an owned home. 
7 0
3 years ago
A company that produces a popular brand of pasta decides against increasing product price. instead, the management decides to de
12345 [234]
This strategy is an attempt to retain the consumers' perception of their product. Consumers' perception is a marketing concept that has to do with the impression that a company produces about its products. Customers perception is influenced by advertisements, reviews, social media, personal experiences, etc.
8 0
3 years ago
Dream Home Builders, a construction company, wants to make a decision on the quantity of labor to be hired. It has already emplo
Andru [333]

Answer: a. When Dream Home Builders employs 11 ​workers, it can increase profits by__hiring___ workers

B.When Dream Home Builders employs 11 ​workers, it can increase profits by__13___ workers

C. If the market wage changes to ​$27​, Dream Home Builders would _increase___

the number of workers employed to 14__workers

D. The curve depicting the value of the marginal product of labor is also the labor __demand__curve.

3 0
3 years ago
Read 2 more answers
If a Phillips curve shows that unemployment is high and inflation is low in the economy, then that economy:
Rasek [7]

Answer:

is producing at a point where output is less than potential GDP.

Explanation:

When the unemployment is high it is obvious that the economy is under its potential level but there is inflation case so we need to know the meaning of Philips Curve. The aggregate demand and aggregate supply model provides a simple summary of the possible outcomes proposed by the Phillips curve. The Phillips curve shows the combination of inflation and unemployment arising when the economy of the aggregate demand curve in the short run shifts along the short-term aggregate supply curve. Increased demand for goods and services will lead to higher prices in the short term and increased output of goods and services. Increasing output means increasing employment and lowering unemployment. In addition, the higher the rate this year, the higher the rate of inflation, no matter what the price level is in the past. Thus, the change in aggregate demand leads to short-term changes in inflation and unemployment rates, which is consistent with the dependence described in the Phillips curve. Monetary and fiscal policy tools are used to influence the aggregate demand curve, that is, to move the economy along the Phillips curve. Increasing money supply, government spending, or tax cuts move the aggregate demand curve to the right and drives the economy to a point where the Phillips curve corresponds to lower unemployment and higher inflation. Reducing money supply, government spending, or raising taxes will push the aggregate demand curve to the left, while the economy shifts to the point where Phillips curves with lower inflation and higher unemployment. In this sense, the Phillips curve offers policymakers a set of combinations of inflation and unemployment.

4 0
3 years ago
Which loan type requires you to make loan payments while you’re attending school?
Ivan
D) None of the above.
6 0
2 years ago
Other questions:
  • In a statement of cash flows: Multiple Choice No noncash transactions are reported in the statement itself or the related footno
    9·1 answer
  • Discuss the conditions and developments that affected the cattle industry during the last half of the nineteenth century.
    13·1 answer
  • Supervisor hadley has suspended an employee covered by a typical labor agreement. in a grievance hearing, hadley will be called
    13·1 answer
  • What healthy, positive action can the food industry take to reduce the national issue of weight gain? regulate the content of pr
    11·1 answer
  • Before a three-for-one stock split, the shares outstanding were 5,000 shares at $12 par.
    10·1 answer
  • In which of the following cases is the Coase theorem most likely to solve the externality?
    14·1 answer
  • Select all correct answers
    8·1 answer
  • Question 2 of 10
    8·1 answer
  • GDP is composed of four components. Which of the following is NOT a component of GDP
    10·1 answer
  • Specialization in a particular small job allows workers to focus on the parts of the production process where they have a(n) ___
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!