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Xelga [282]
3 years ago
7

The world price of grapefruits is above the price that currently prevails in Cuba in the absence of trade. Assuming that Cuba is

a small economy compared to the rest of the world, what happens if Cuba decides to open up trade with the world grapefruit market?
The price of domestic Cuban grapefruit for consumers will...

(A) Decrease.

(B) Increase.

(C) Not Change.



Cuban exports of grapefruits will...

(A) Decrease.

(B) Increase.

(C) Not Change.
Business
1 answer:
shepuryov [24]3 years ago
6 0

Answer:

B, B

Explanation:

If Cuba decides to open up trade with the world grapefruit market, the price of domestic Cuban grapefruit for consumers will Increase because the opening of trading with the world will decrease amount of grapefruit available for the people in Cuba thereby creating shortage which will lead to increase in price. Cuban exports of grapefruits will Increase by virtue of opening to the rest of the world.

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If a local company were to break the contract with a retailer and not deliver the products requested, Civil law would be broken.

When one party doesn't carry out their obligations as stated in the contract, there is a breach of the agreement. That could involve anything trivial like making a payment a few days late or something more significant.

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The most frequent remedy for contract violations is this one. When compensatory damages are granted, a court requires the party who violated the contract to give the victim enough money to fulfill their contractual obligations elsewhere.

A breach of contract occurs when a promise that is a component of a contract is not kept without a valid justification. This includes failing to perform in a way that complies with industry standards or any express or implicit warranty requirements, such as the implied warranty of merchantability.

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1 year ago
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Explanation:

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3 years ago
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Explanation:

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bagirrra123 [75]

Answer:

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