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Olenka [21]
4 years ago
11

What are the advantages of a Free Enterprise system to consumers?

Business
2 answers:
nlexa [21]4 years ago
8 0
Answer is d. all of the above
SOVA2 [1]4 years ago
8 0

Answer:

D

Explanation:

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Assume that the United States has a comparative advantage in aircraft manufacture and India has a comparative advantage in produ
AlekseyPX

Answer:

1. Explain who in the United States would gain?

The government of the United States will gain from the<em> Import duties </em>that will be charged on the Indian textiles.

2. Who might lose from dismantling trade barriers between the United States and India?

<em>The USA will lose if trade barriers are dismantled.</em>

The United States will lose from dismantling trade barriers because the Indian textile will be massively imported in the country thereby crippling the growth of the local textile manufacturing companies in the United States. India has a comparative advantage over the USA in the manufacturing of textiles, which are in constant demand compared to that of the aircraft which are rarely demanded.

Explanation:

1. The government of the United States will gain from the<em> Import duties </em>that will be charged on the Indian textiles. The government will make huge revenues from the import duties since India will manufacture the textiles at the cheapest costs per unit and influx the USA with affordable and quality clothing.

2. The USA will lose if trade barriers are dismantled.

The United States will lose from dismantling trade barriers because the Indian textile will be massively imported in the country thereby crippling the growth of the local textile manufacturing companies in the United States. India has a comparative advantage over the USA in the manufacturing of textiles, which are in constant demand compared to that of the aircraft which are rarely demanded.

5 0
3 years ago
When Steven askes questions in an open-minded way, he avoids:
Elenna [48]
Attacking someone else's opinion. I hope this helps!
3 0
3 years ago
Read 2 more answers
"which mode of transportation would cost the least per ton mile?"
IRINA_888 [86]

The answer is letter d. water. Water would cost least per ton mile, since transportation through water depends on the materials or watercraft you will be using. If an individual is using an ordinary boat, a boat that is being rowed, it would cost less, than a boat being rowed by an electrical engine. 

8 0
3 years ago
CrossCountry Trucking &amp; Transport enters into a contract with Discount Outlet Stores to load, transport, deliver, and unload
Mila [183]

Answer:

C) tender.

Explanation:

In contract law, a tender offer to perform is conditioned to the moment when the other party is willing and ready to perform as well. In this case, CrossCountry signed a contract, but the contract will be valid when the other party (Discount Outlet Stores) needs their services. If the other party does not require their services, CrossCountry is not able to perform nor demand performance.

6 0
3 years ago
How do businesses determine the equilibrium price of a good or service?
Helen [10]

Answer:

C. They set a price where the demand matches the quantity they are

willing to supply

Explanation:

The equilibrium price is the current market price as determined by supply and demand forces. It is the price at which buyers are happy to buy the entire supplied quantities. Suppliers are also happy to sell that quantity at the set price. The equilibrium price is, therefore, the intersection of the demand and supply curves.

At the equilibrium price, there is no excess or short supply of a product in the market.

6 0
3 years ago
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