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yawa3891 [41]
4 years ago
12

Assume an economy is currently engaged in free trade but considering implementing a tariff on its main import, athletic shoes. W

ith a tariff, price stays the same, decreases, increases, domestic production decreases, stays the same, increases, imports decrease, stay the same, increase, and the producer surplus decreases. stays the same. increases.
Business
1 answer:
UNO [17]4 years ago
7 0

Answer:

Price - increase

Domestic production- increase

Import- reduces

Producer surplus- increase

Explanation:

A tariff is a form of tax on import or export.

When a tariff is imposed on a good , the price of the good increases.

As a result of the tariff , the amount of the goods imported falls as the imported good is now more expensive. The quantity produced by domestic producers increases as consumers would now start demanding for the domestic good. Tariffs are sometimes enacted to discourage importation and encourage domestic production.

As a result of the price increase, producer surplus increases. The increase in price also increases output. The producer surplus is the difference between the price of a product and the least amount the producer is willing to sell his product.

I hope my answer helps you.

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Answer: (D) Support process

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 The support process is one of the type of primary process that helps in determining the main core functions and also the operations such as communication, accounting, managing and maintenance of an organization.

The main purpose of the support process is to manage the development and the configuration management in an organization.

According to the given question, the support process is refers to the business process which include the purchasing the various types of materials that is used in the manufacturing purpose such as installations and also managing the inventory system.  

 Therefore, Option (D) is correct answer.

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Lesson 7-1 single payment loans
kondaur [170]

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