Answer:
Tariffs increase the prices of imports, helping domestic producers, while voluntary restraints do not.
Explanation:
A tarrif is defined as a tax that is imposed by government on goods and services that are imported from another country. Tarrifs are used to discourage imports by increasing their prices compared to locally produced goods and services.
Voluntary restraint agreements is is also called voluntary export restraint. It is a restriction on the amount of goods and services that exporters are allowed to export to other countries. It is also referred to as export visa.
Tarrifs results in increase in price of goods and services while voluntary restraint agreement does not.
People often have different expectations. If people have rational expectations, the sacrifice ratio could be much smaller than suggested by the short-run Phillips curve is a false a statement.
- The sacrifice ratio is said to be smaller than suggested by former estimates. The short-run phillips curve will ten to shift downward and the economy would reach low inflation very fast.
Rational expectations is known to be an economic theory. It simply states that when making decisions, individual agents will capitalize their decisions on the information that is best and available and they also learn from past trends.
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Answer:
d. Is an acceptable strategy once a need has been identified and a suitable product has been selected.
Explanation:
A face to face selling of a product directly to business is one of the best example of personal selling e.g. cars, photocopier, office equipment etc.
Explanation:
Is the seller licensed?
Is the investment registered?
How do the risks compare with the potential rewards?
Do you understand the investment?
We are asked to solve for the cross rate of swiss francs to euros and we are given with the following values:
swiss francs to dollar ----> 1.41 = $1.00
Euro to dollar ------> 0.64 = $1.00
Solving for swiss francs to euro is shown below:
swiss francs / euro = 1.41 / 0.64
swiss francs = 2.2 euro
1 swiss francs = 2.2 euro
