The most common barriers to trade are tariffs, quotas, and non-tariff barriers
If demand is high and supply is low, the merchant should wait until more of the item is available. If you have any questions please ask!
Answer:
effective rate of protection for the domestic is 46 %
Explanation:
given data
imposition = 20 percent
cost of material inputs = $100 per unit
world price = $175 per unit
solution
we get here Extra amount that is
Extra amount = world price × tariff mean ........................ 1
Extra amount = $175 × $20%
Extra amount = $35
and
So we get effective rate of protection for the domestic is
effective rate of protection = 35 ÷ (175-100)
effective rate of protection = 46 %
The correct answer to this open question is the following.
A relationship with another country based on less hostility is called "Détente."
This word has its origins in France and was applied to mean the diminish or release from tension. It was used during the Cold War years in which the Soviet Union and the United States competed in the arms race, the space race, and the spread/containment of Communism around the world.
Trying to ease tensions, on May 22, 1972, United States President Richard Nixon visited Moscow to have an official meeting with Soviet leader Leonid Brezhnev. In that visit, both leaders signed the famous SALT agreement: the Strategic Arms Limitation Talks.
