Answer: The pundit is using a NATIONAL DEFENSE ARGUMENT to justify the trade restriction.
Explanation: National defense argument is when someone is using the security of the nation to defend his argument, to be very important as the security of the nation is very important.
This type of argument always tends to use the fallacy of red herring to convince his audience about his argument. The argument sounds to be important as it used red herring to relate it's point to the security of the nation during wartime.
The pundit politician has used the fallacy of red herring to relate it's reason of increment in the tariff of semiconductor importation, to the security of the nation during war times. Therefore this is a national security argument.
Marco Polo was the trader that traveled from Venice, Italy to China and brought back information about Asia. Marco Polo was a Venetian merchant traveler. His father was the person from whom he learned the ways of mercantile trade. He did travel to China but he was not the first person. he made a detailed description in his books.
Answer:
The answer is Line agency hope this helps
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Explanation:
Answer:
D. relatively more inelastic because wine is a luxury.
Explanation:
Elasticity is a measure of the sensitivity of demand to price changes. When price changes significantly alter demand, we say that demand is elastic. On the contrary, when price changes do not significantly alter demand, we say that demand is inelastic. This is the case of wine in relation to water. Wine is a good that can be considered sophisticated, luxury. Therefore, consumers are less sensitive to variations in the price of wine. However, water is an abundant good and demanded by all. If the price of water increases, demand tends to decrease as the elasticity of water demand is relatively greater than the elasticity of demand for wine. In other words, wine the demand for wine is relatively more inelastic.
