The likely reason as to why Alice has perform her job the same as Juliet because she likely has developed her selective optimization, in which it helps a person who is on an old age to be healthy and having an improvement of their well being. This is likely the cause as to why Alice can perform the same job as Juliet.
Answer:
Quotas do not affect the equilibrium price, whereas tariffs do not affect the equilibrium quantity.
Explanation:
The import tariff decreases the import quality from AD to CB and increases the price of the good from P to P*. The import restricting effect and consumption effect is same for quotas and tariff. So, the deadweight loss from them is the same from quotas and tariff (HIJ and GEF).
Please observe the image attached.
However, tariff enables the government to increase their revenue from the imports while import quotas precludes such revenue (GEHI). Thus, the cost tariff is lower than the import quotas imposed.
Answer:
Lowered, improved, increased, choice
Explanation:
Free trade has not produced all of the economic impacts that were originally predicted. At the same time, it is known that global shifts in production and trade have generally lowered consumer cost, improved company profits, and increased product choice.