Answer:
Reducing trade barriers
Explanation:
<u>If governments choose protectionism, they harm citizens who could benefit from the products, services or jobs offered by foreign companies.</u>
If, for example, the “A” government sets <em>tariffs to protect the domestic market</em>, the “B” government <em>could respond with tariffs in retaliation</em>, which would result in both countries being harmed. So, the problem of trade warfare is still represented by a “Prisoner's Dilemma” game because it says that two people, in this case, two governments, can decide not to cooperate even if it goes against the interest of both.
On the other hand, <em>unrestricted free trade could go against governments that develop trade policies based on national economic well-being.</em>
The game's equilibrium solution would be for both countries to opt to reduce their trade barriers through negotiations.
The correct answer is the following: "substitution effect and income effect".
The demand function represents the quantity of a certain good or service that consumers are willing to purchase in the market at different price levels. The law of demand states that there is an inverse relationship between price and quantity demanded (ceteris paribus, hence, given that the rest remains equal). <u>Therefore, when the price charged increases, the amount that consumers are willing to offer decreases.</u>
The variation of the quantity, due to the price variation, takes place because of the joint incidence of two effects: the effect of the variation of the relative price if compared to other goods (<u>substitution effect</u>) and the effect on the consumer's income as, if the price of a desired or purchased product has increased, the consumer's available income will decrease (<u>income effect).</u>
Answer:
John O'Sullivan, an editor of a well-known newspaper, wrote about our expansion and was credited with coining the term “manifest destiny”. Manifest Destiny was the idea that Americans believed it was their destiny to expand across North America all the way to the Pacific Ocean.
Explanation:
Based on the scenario above, you should focus more your
efforts in regards to empathic listening by which empathic listening is a way
of performing an active listening in a way of listening and responding to a
person that likely improves trust and mutual understanding.
