Answer: False
Explanation:
A tariff is a tax that is imposed by the government of a particular country in order to curtail the number of imported goods brought into the country.
Based on the above scenario, the reduction in consumer surplus is not $500 million but rather $600 million which is the addition of $100 million, $200 million and $300 million.
Therefore the question is false.
Answer:
Comprehension monitoring
Explanation:
This example suggests that Carlos has good Comprehension monitoring skills
Create a limit on the maximum no. of bottles the firm can make,
The required details about externality is mentioned in below paragraph.
<h3>How Do Externalities Work?</h3>
An externality is a cost or benefit a producer generates but does not personally bear or receive. An externality can result from the creation or consumption of a good or service and can be both positive and negative.
Externalities happen when creating or consuming a good has an effect on parties who are not involved in the transaction directly. Externalities can be either good or bad. They can result from either production or consumption as well. For instance, simply entering a city center will increase the pollution and traffic for individuals who live there.
to learn about externality here-
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Answer:
a. enforce the contract or recover what she invested with Finlay.
Explanation:
From the question we are informed about Frank which Through fraudulent means, he induces Ethel to sign a contract to invest with him the profits from her business. In this case When Ethel learns the truth, she may enforce the contract or recover what she invested with Frank. Contract can be regarded as an agreement that exist between two parties which could be private parties to create obligation which is mutual and is enforceable under law, element needed for a contract to be valid is that there must be valid offer as well as acceptance.
Answer:
TRUE The Statement is correct
Explanation:
We need to add up both advertizement contract to knwo the total acquisition cost of the advertizement.
<u>First contract cost:</u>
365 daysper year / 7 dayts per week = 52 week per year
52 week per year x $20 dolllar per weke = $1,040
<u>Second contract cost:</u>
12 months per year x $100 per month = $1,200
Total acquisition cost: 2,240