Answer: Increase American production of steel (B)
Explanation:
A quota is a numerical limit on the amount of units of a product that can be imported. A quota is a form of protection or trade restrictions used by a country.
Like every other forms of trade protection such as tariffs, embargo etc, the quota is used by a country to help it's infant and local industries to grow, provide employment opportunities for it's people and also lead to economic growth.
If a quota is placed on imported steel, there'll be a reduction in the number of steel imported into the country and this will lead to a rise in the number of steels produced by American firms.
It can be caused by an earthquake or volcano but then you can add 5
The external research that would be useful would be research.
Research could be divided into direct and indirect.
Direct research is being done by directly ask the potential customer what they want (through things like questionnaire)
And indirect research is being done through observation (pay attention to the market trend)
<span>((Current value - original value) / original value) x 100 = rate of return
</span><span>(( 1.65402- 1.62) / 0.157) x 100 = Original Value
</span>Original Value = $ 21.66
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Answer:
Objective Theory
Explanation:
The Objective theory states that the intent to form a contract will be judged by outward objective facts such as the words and actions of the party instead of the secret, subjective intentions. This theory replaced the Subjective theory in the late nineteenth century. The former theory was of the opinion that the meeting of minds, which translates to the unexpressed intentions of the party would form a basis for interpreting the intent to form a contract.
The objective theory is important as it advocates freedom to a fair hearing, freedom of contract, and personal independence or sovereignty.