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4 years ago

Over time, the average consumer will be better off from reduced trade barriers by ________.

Business

1 answer:

AVprozaik [17]4 years ago

6 0

Answer:

a. greater variety and lower prices

Explanation:

Due to the comparative advantages, countries can produce the product that they have proficiency. For example, if there are 2 countries, A and B. A have a skill of producing tasty wine, they can produce better quality of wine than B with the lower cost. When the trade barriers are reduced, the wine from A will be sold in B, the customer will have more choices of wine in the market and the price will relatively less different comparing to the price when the high barriers exist.

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A sudden fall in the market demand in a competitive industry leads to a. A short run market equilibrium price lower than the ori

ratelena [41]

Answer:

The answer is C. Some firms exiting the market

Explanation:

When there is a sudden fall in the market demand in a competitive industry(e.g perfect competition) some firms would making economic losses and it is best if they shut down operation and production. Once these happen, they exit the market.

Option A is incorrect . Same as option B.

Option D is also incorrect

7 0

4 years ago

A company had net income of $210600. Depreciation expense is $27000. During the year, Accounts Receivable and Inventory increase

ANTONII [103]

Answer: The amount of cash provided by operating activities is $179,600.

Explanation:

Statement of cash flows for the company

Net income $210,600

Add Depreciation expense 27,000

Add Loss on sale of equipment 1,800

Increase in Accounts receivable (16,900)

Increase in Inventory (41,700)

Decrease in Prepaid expenses 5,000

Decrease in Accounts payable (6,200)

Cash flows fron operating activities $179,600

7 0

3 years ago

A ______ is a written statement that promises a product will work for a set amount of time.

IceJOKER [234]

Contract I believe would be the answer

4 0

3 years ago

Read 2 more answers

It is well-known that retaining an existing customer is far less expensive than acquiring a new one, so you suggest that the own

leva [86]

Answer:

internal and external data

Explanation:

Big Data analysis can be regarded as one that contains massive amounts of data as well as complex analysis.

Internal data can be regarded as information that is been generated from within the business these could contains some areas like operations as well as maintenanc and personnel.

External data on other hands are attributed to the market, as well as from customers and from the firms competitors, it could be gotten from survey. All for increasing profitability.

4 0

3 years ago

Cecelia's government provides for her basic needs. In return, Cecelia works in the factory downtown, as she always has since the

amid [387]

The choices can be found elsewhere and as follows:

A. a market system
B. a planned system
C. a mixed system
D. none of the above

I think the correct answer is option B. Cecelia's government can be considered a planned system. It is an economic system in which inputs are based on direct allocation. Hope this answers the question. Have a nice day.

5 0

3 years ago