Answer:
Free trade agreements significantly decrease transaction costs leading to a
decrease in the cost of international goods and services.
Explanation:
Given that the primary purpose of the Free Trade Agreement is to lessen the impediments that often make the business transaction between two or more countries difficult or expensive, thereby leading to lower cost of international commodities and improved economic integration among the countries involved. For example removal of trade tariffs and trade quotas.
Hence, Free trade agreements increase globalized trade because "Free trade agreements significantly decrease transaction costs leading to a decrease in the cost of international goods and services."
Answer:
An eye for an eye; a tooth for a tooth
Explanation:
The Hammurabi code of laws, a collection of 282 rules, established standards for commercial interactions, and set fines and punishments to meet the requirements of justice.
You can cut your costs to save big money, you get access to skilled expertise, and you get better risk management
Answer: INTELLECTUAL STIMULATION.
Explanation: Intellectual stimulation can be defined as act whereby an individual encourage creativity, problem solving, innovation, curiosity etc. It involves encouraging these qualities in an audience, a class, seminar etc.
It involves using various techniques that encourages the listener to be really immersed and interested in whatever that is being said.
Answer:
Hindsight bias
Explanation:
Hindsight bias: In social psychology, the term "hindsight bias" is described as an individual's tendency to overestimate his or her capability to have foreseen the result or outcome of a particular incident. It is also referred to as "I-knew-it-all phenomenon".
Hindsight bias is often considered as bad? because it may cause distortions in an individual's memories of what he or she believed or knew before a particular event has occurred and is an important source of being overconfidence regarding his or her capability to assume the specific outcomes for "future events".
In the question above, the given statement represents hindsight bias.
