1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ella [17]
2 years ago
7

Domestic producers experience limited import competition when a VER is in place. As a result, these producers make extra profit

because supply is artificially limited by the import quota. This extra profit is called:
Business
1 answer:
GuDViN [60]2 years ago
8 0

Answer:

Quota rent

Explanation:

When voluntary export restraints (VER) are set up and / or import quotas are enforced, the extra profit that domestic producers make because the supply is artificially limited is called quota rent. Quota rents are a type of economic inefficiency since they produce more losses than benefits. Society as a whole generally losses while a group of favored companies make huge profits.

For example, sugar imports are limited in the US, so domestic sugar producers are able to sell sugar at much higher prices than regular international prices. That artificial extra profit earned by sugar companies in the US can be classified as quota rent.

You might be interested in
Greg belongs to a society which makes very few distinctions between people and groups. This is reflected in his company, Sonata
almond37 [142]

Answer:

The correct answer is "Low on social stratification"

Explanation:

Social stratification refers to a pyramid in which are classify the persons depending on the position of the person or his family in a chain of command or social status.

3 0
3 years ago
Read 2 more answers
Elsa, the owner of Fertile Farm, sells Gina a right to camp on Fertile land overnight. Gina's right is _________.a. a leasehold
Sonja [21]

Answer:

B, a license

Explanation:

A license is an official permit issued by a person or body in authority to do, own or use a thing. A license could be granted as a sign of agreement between parties  on a particular thing.

From the question, Elsa gave Gina license to use her farm land as a camp for one night. After one night, the license expires.

I hope this helps.

6 0
3 years ago
Service, or result does the customer or sponsor expect from the project?" is an example of a(n) _____ constraint.
Iteru [2.4K]

Service or result does the customer or sponsor expect from the project?" is an example of a <u>scope</u> constraint.

The term "scope" describes the total set of goals and demands necessary to finish a project. The phrase is frequently used in both consulting and project management. Managers can estimate expenses and the time needed to complete a project by clearly outlining its scope. The fact that it saves time and money makes scope management a crucial component of a firm. In project management, there are often two basic forms of scope. The project and product scope are these.

  • The functions and features that distinguish a product or service are known as the product scope.
  • The effort necessary to provide a product in accordance with the product's scope is known as the project scope (required functions and features)

Learn about more scope here

brainly.com/question/14332567

#SPJ4

6 0
2 years ago
What determines the value of an item? (Edg.)
Snowcat [4.5K]

Answer:

the amount of goods that are produced. -the capital required to build the factory. -the unlimited wants of the consumers. -the resources consumed in production.

6 0
2 years ago
10,000 kcal of producer could support approximately _____ kcal of tertiary consumer.
riadik2000 [5.3K]

Answer:

The answer is 10.

Explanation:

10,000 kcal of producer could support approximately 10 kcal of tertiary consumer.

6 0
1 year ago
Other questions:
  • Impala is currently producing 100 units of a necessary component part by incurring $42,000 in direct materials, $8,750 in direct
    6·1 answer
  • What is an example of print advertising? A. a web banner B. a radio commercial C. a t-shirt D. a poster
    10·1 answer
  • What potential challenges will you have supporting your argument with this demographic?
    5·1 answer
  • Consider the following restaurants: Pizza Hut, Popeyes, and Taco Bell. When conducting a review on any business, the first thing
    5·1 answer
  • QUESTION 11 Given the following information, calculate the equity dividend rate for this investment: first-year NOI: $18,750; be
    12·1 answer
  • Business management​
    8·1 answer
  • Which of the following insurance types will cover the possessions inside your home?
    12·1 answer
  • Alison incurs the following research expenditures. In-house wages $125,000 In-house supplies 12,500 Paid to ABC, Inc., for resea
    9·1 answer
  • If Depressants such as alcohol, ___________and sedatives affect the central nervous system by slowing down or depressing reflexe
    9·1 answer
  • By producing cars that do more than get riders to their destinations and back, mercedes-benz is addressing consumers’ ________ n
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!