Answer: Nontariff barriers
Explanation:
Nontariff barriers are trade barriers that are used whereby the import and export of goods and services are restricted. It should be noted that the restriction is not by tariffs but can include include embargoeds, quotas, sanctions, and levies.
The main reason for trade barriers are to generate revenue for the government and also to protect the local industries.
Answer:
The meaning of a 'flattened' world is that ,globalization, which can be described as inventions and various developments in the technology world , has created a level playing ground, where countries considered as small or minors are now competing with the super-power ones.
Explanation:
The major challenge of this is that , the rate competition has increased between countries that have great impacts on the resource area of businesses.
And the opportunities are that, new jobs are created or available especially in the information systems and other jobs or occupations involving services.
Finding better suppliers and at a better price has also been considered as a big benefit because now there were more places to choose from globally.
Answer:
Present Value= $15,874.25
Explanation:
Giving the following information:
Assume the real rate of interest is 3.00% and the inflation rate is 6.00%. What is the value today of receiving 14,488.00 in 13.00 years?
<u>This is a rare case where the interest rate is negative:</u>
Interest rate= 0.03 - 0.06= -0.03
Having said this, the present value is higher than the final value:
PV= FV/ (1+i)^n
PV= 14,488/ 0.97^3= $15,874.25
Answer: True
Explanation:
Expetraites are well-trained and experience for most host countries, they are also an advantage as they use their vast knowledge to train host country workers.
