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xeze [42]
3 years ago
7

States use different types of trade strategies to try to improve economic outcomes, some are more "classic liberal," believing t

hat freer trade will eventually benefit all economies, while others pursue more protectionist policies to try to guide the market and help local producers and populations. Recreate the bar chart of "Barriers to Trade" above and list the countries from more open (scoring highest) to more protected (scoring lowest).
Business
1 answer:
Alina [70]3 years ago
3 0

Answer:

The correct answer is:

1 - Singapore

2 - Chile

3 - Ireland

4 - USA

5 - China

Explanation:

An open economy is one that carries out commercial interaction with the outside world. In other words, it buys and sells goods, services or financial assets with the rest of the world economies.

With the consolidation of international trade in recent decades and the phenomenon of globalization, this concept has reached its maximum expression, with economies more exposed to import and export as the basis of its economic model and with greater weight in its GDP. In this sense, it could be said that a closed economy is something currently utopian, since no country currently strictly complies with its theoretical requirements.

The most common procedure to open an economy is the assumption of trade agreements between countries, which regulate and control the entry and exit of goods and services, creating trade routes that can be expanded later in terms of economic integration.

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Recognizing something as a revenue instead of as a liability has a positive effect on the reported financial statements because:
Pani-rosa [81]

Revenue and liability has influence on reported financial statements because;

  • it understates liabilities
  • it overstates revenues

<h3>What is revenue and liability?</h3>

Revenue serves as the money that is been generated by the company as a profit while a liability serves as future sacrifices of economic benefits.

However, recognizing something as revenue instead of liability is dangerous because it can results in overstated net income.

Learn more about revenue at;

brainly.com/question/25855858

4 0
2 years ago
Among salespeople, ________ often represent products that have few options, such as magazine subscriptions and highly standardiz
disa [49]

Among salespeople,  order takers often represent products that have few options, such as magazine subscriptions and highly standardized industrial products.

<h3><u>Explanation:</u></h3>

A sales person who only aims in getting new orders and will not take any actions regarding finding new customers or increasing the existing order frequency. He will not aim in the increasing of the sales that already exists. He aims only in money making process.  

In the examples given, subscriptions of magazine and highly standardized industrial products are given. When considering these examples, the order takers will only take steps in getting new orders with a few options at their hands.  

4 0
3 years ago
What types of behavior are considered discriminatory, harassment, and workplace violence?
arlik [135]
Verbal/ Written
Physical
Visual
4 0
3 years ago
Suppose that Kyle can get an internship at an investment bank that pays him a stipend of $3,000.00. The internship also provides
noname [10]

Kyle is advised to take up the internship and leave the painting job, as the painting job will not give him tangible experience, which will be beneficial for his career.

<h3>What is internship?</h3>

A program where a person can get training or expertise of a specific area or field by working under a veteran or an expert in the field, whether paid or not, is known as internship.

In the above case, Kyle's internship will pay him a stipend of $3,000 along with tangible experience, which is beneficial for his future.

In the case of painting job he makes economic profit of $3,800 after getting a salary of $4,000 and spends on supplies for $200.

However, the rational profit of Kyle will be,

Painting Job Salary (4000) – Supplies (200) – Stipend from Internship (3000)= $800

Thus, it is beneficial for Kyle to take up internship and leave his painting job. The complete question has been attached as an image for better reference.

Learn more about internships here:

brainly.com/question/14973931

#SPJ1

4 0
1 year ago
If fixed costs are $46,800, the unit selling price is $42, and the unit variable costs are $24, the break-even sales (units) if
maksim [4K]

Answer: b. 2,340 units

Explanation:

Break-even sales refers to the amount of sales that would give the company $0 profits.

It can be calculated by the formula;

= Fixed Costs / Contribution Margin

Contribution Margin = Sales - Variable costs

= 42 - (24 - 2)

= $20

Breakeven = 46,800/20

= 2,340 units

8 0
2 years ago
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