The answer is D. Tariff
A subsidy is a monetary gift from the government.
A quota is an amount of something.
An embargo is a ban on trade with a country.
<h2>Statistics about "Economic activity".</h2>
Explanation:
Economic indicators as stated in the question is right and I am enriching the definition with few other pointers.
- Analysis of Economic Performance
- Future prediction on the Performance
- Study of "Business cycle"
- Includes various "surveys of economy", report on earnings, "summary of economy"
- Help investors
- Assess about the investment
- Many indicators: a) Gross Domestic Product
b) Employment indicator
c) Consumer Price index
d) PMI Manufacturing & services
We import goods from other countries when they are harder to make in ours, we export goods to other countries when the goods are harder to make or obtain in theirs. if a nation exports more than it imports, a surplus is created. When a country imports goods more than it exports, it creates a trade deficit. A trade deficit in a nation causes it to have to borrow from other countries in order to pay for the imports. On the other hand, a surplus is much healthier for the economy light of the fact that it boosts economic output.
Answer:
The equilibrium quantity will decline. The equilibrium price depends upon the extent of change in demand and supply.
Explanation:
When consumer items go out of style their demand decrease. This causes the demand curve to shift leftwards. At the same time, the production of such items s stopped. This further causes the supply to decrease. The supply curve, as a result, shifts leftwards.
This leftward shift in both demand and supply curve will lead to a decline in the equilibrium quantity. The change in price depends upon the extent of change in demand and supply.
