Both tariffs and quotas are instruments used to impede or reduce trade. Both quotas and tariffs place restrictions on the quantity of imported commodities.
<h3>What are exports and imports?</h3>
Exports: The products and services that a nation produces at home and sells to clients or enterprises abroad are known as exports. The nation selling its goods and services benefits from an infusion of money as a result. Businesses may opt to export their products and services to another country because it allows them to:
Take part in international trade
reach out to new markets
raising sales
Imports : are the products and services that a company or customer buys from another nation. The nation that is making the purchases sees money leave the country as a result. Although most nations want to import less products and services than they export in order to boost domestic revenue, a high amount of imports can be a sign of an expanding economy. This is especially true if the majority of the imports are productive assets, such machinery and equipment, which the receiving nation may utilize to raise the productivity of their own economy.
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Explanation:
The Journal Entry is given below:-
a. Cash Dr, 8400
Accounts receivable 8400
(Being the Cash received)
b. Supplies Dr, 2500
Office equipment 2500
(Being the reserve entry is recorded)
Supplies Dr, 2500
Accounts payable 2500
(Being the supply is purchased)
I think that may depend on the trumpet. I'm not sure tho
<h2>Uniform Guidelines on Employee Selection Procedure</h2>
Explanation:
This procedure is used to make
- employee decision
- including interviews
- work samples
- physical requirement
- evaluation of performance
- review experience from application form
These set of procedures are designed so that the nation's goal is achieved. Any employment opportunity should be given irrespective of colour, race, sex, religion, etc.
These are designed to help / support,
- employer
- labor organization
- employment agencies
- licensing and certification board, etc
Answer: Option C
Explanation: Environmental circumstances refers to the threats and opportunities that arise from political and economical unstability. These are highly fluctuating factors and can affect the business highly.
In the given case, the business of Ben and Chris slowed down due to the economic breakdown in the country. These factors are inescapable and affect all the businesses in the economy.
Thus, from the above we can conclude that the correct option is C.
