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aksik [14]
2 years ago
12

Two eastern European countries formed a free trade agreement. As a result, one of the countries that used to produce its own pla

stic bottles at a higher cost now imports them from the other country at a lower cost. This is an example ofa. political unionb. dumping.c. retaliatory trade action.d. trade creation.
Business
1 answer:
Aleonysh [2.5K]2 years ago
3 0

Answer:

Trade creation

Explanation:

Trade creation is the process where there is increase in economics welfare as a result of joining a free trade area for example a customs Union.

Consumption experiences a shift from high cost producers to low cost producers causing expansion in trade.

In the given instance due to formation of free trade agreement, high cost plastic production is now replaced with low cost import of plastics from the other company.

There is a shift from high cost producers to low cost producers as a result of trade agreement between the two nations.

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GrogVix [38]

Answer:

Default bid amount  and keyword list.

Explanation:

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Your ad's default bids will apply to all the keywords (included in your previous list) that don't have individual bids. This bid amount is how much you will pay per click of your google ad.

6 0
3 years ago
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Naily [24]

Answer:

The correct answer is option c.

Explanation:

A perfectly competitive market has a large number of buyers and sellers. The firms are price takers and the price is determined by the market forces. Thus the monopoly firms face a horizontal demand curve. This horizontal line represents price, average revenue, and marginal revenue. The equilibrium is obtained where price, (average revenue and marginal revenue) is equal to marginal cost. There is no restriction on entry and exit of firms in the long run. That's why firms face a break-even in the long run.  

While in a monopoly market there is a single firm. This firm fixes price higher than marginal cost. The demand curve of the monopoly is a downward sloping showing relatively elastic demand. A monopoly firm can earn profits in both the short run as well as the long run.

6 0
2 years ago
When vulnerabilities have been controlled to the degree possible, there is often remaining risk that has not been completely rem
Varvara68 [4.7K]

Answer:

Residual risk

Explanation:

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3 years ago
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Aleksandr-060686 [28]
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nydimaria [60]

Answer:

The answer is: psychological contract

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