All categories

3 years ago

Free trade _______.

Business

2 answers:

just olya [345]3 years ago

6 0

Answer:

The correct answer is letter "C": refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from other countries.

Explanation:

Free trade is an agreement between countries to tear down the barriers that impede the free flow of products and services among their territories. This pact implies reducing or eliminating tariffs and quotas between those countries to facilitate trade.

An example of a free trade zone is the North American Free Trade Agreement (NAFTA) signed by Mexico, the U.S., and Canada by which those countries organize their efforts to create a zero-tariff trading block setting standards for the operations of their companies and allowing products manufactured by the three countries to be inexpensive among those territories.

Radda [10]3 years ago

4 0

Answer:

The correct answer is C. refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from other countries .

Explanation:

Free trade is a characteristic of a market through which some "freedoms" are granted in order to encourage the transit of products and services in order to offer it to a greater number of people. Governments establish a series of rules to achieve fair competition within a specific market, always seeking to protect the national industry from abroad. These treaties allow a greater movement of merchandise flows and encourages trade at the local, national and international levels.

You might be interested in

I'm 17 yrs old, I'm tryna get a debit card but I heard I need to be 18, can a prepaid or savings account card do the same job? (

Gennadij [26K]

If your parents are okay with you getting a debit card of some sort, try the Greenlight card! It’s a debit card where the parent(s) can load money onto the card on a scheduled basis, such as allowance, or they could load money whenever they want. Also, if you are making your own cash, here is what I do. I just pay my father the money that I have and he puts that onto my Greenlight card :)

8 0

4 years ago

a.)A business owner makes 1000 items a day. Each day she spends 8 hours producing those items. If hired, elsewhere she could hav

Dafna11 [192]

Answer:

a) Her economic profit is $240,000 per month

b) Per week, the firm:

TVC: $5,000

TFC: $14,250

TC: $19,250

c) Her accounting profit is $300,000

Explanation:

Assume a 30-day per month basis for calculation.

Her revenue for a month = Number of items made per day * 30 * Selling price per unit = 1,000 * 30 * 15 = $450,000

Her explicit cost per month is given at $150,000

Her implicit cost ( opportunity cost) per month = Her salary could be earned if she works elsewhere = Pay rate per hour * Number of hour working per day * 30 = 250 * 8 * 30 = $60,000

=> Her economic profit per month = Her revenue for a month - Her explicit cost per month - Her implicit cost ( opportunity cost) per month = $450,000 - $150,000 - $60,000 = $240,000.

Per week, the firm TVC, TFC and TC is calculated as below:

Weekly TVC = Raw material cost = Raw material cost per unit * Unit produced per one week = 10 * 500 = $5,000;

Weekly TFC = Weekly factory rent + Weekly employee costs = 2,250 + Number of employees hired * Cost of hourly wage * Number of working hours per week = 2,250 + 20 * 15 * 40 = $14,250;

Weekly TC = Weekly TVC + Weekly TFC = 5,000 + 14,250 = $19,250.

Assume a 30-day per month basis for calculation.

Her revenue for a month = Number of items made per day * 30 * Selling price per unit = 1,000 * 30 * 15 = $450,000

Her explicit cost per month is given at $150,000

=> Her accounting profit per month = Her revenue for a month - Her explicit cost per month= $450,000 - $150,000 = $300,000.

3 0

3 years ago

Which person BEST exemplifies an entrepreneur? Mark is known as the profit maker in the firm where he is employed Mary embraces

blagie [28]

Answer:

Mary

Explanation:

An entrepreneur is a person who has a creative and innovative vision to turn an idea into a profitable business. Therefore, when analyzing the profiles of the people above, Mary is considered to have a greater entrepreneurial profile, because in addition to being a person who thinks about creating profits or making money, she has the skills to be innovative and adapt to change, with the focus on meeting customer demands.

A successful entrepreneur needs to have the ability to adapt to a constantly changing market and consumer trends to always satisfy consumers and differentiate themselves from the competition.

8 0

3 years ago

Assume the expected return on the market is 9 percent and the risk-free rate is 4 percent. (a1) What is the expected return for

Ad libitum [116K]

Answer:

r or expected rate of return = 0.13 or 13%

Explanation:

Using the CAPM, we can calculate the required/expected rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.

The formula for required rate of return under CAPM is,

r = rRF + Beta * (rM - rRF)

Where,

rRF is the risk free rate

rM is the market return

r = 0.04 + 1.80 * (0.09 - 0.04)

r or expected rate of return = 0.13 or 13%

8 0

3 years ago

Contracts are typically private agreements in that they bind the two parties and no one else. Thus, parties not in privity of co

umka2103 [35]

Answer:

The type of transfer of rights or duties described in this case is an assignment of contract rights.

Explanation:

Transfer of contract rights or duties may be either the assignment or the delegation of contractual rights and responsibilities to a third party. While assignment involves the transfer of rights or benefits from the assignor to the assignee, delegation involves the appointment of another party to perform one's duties under a contract.

4 0

3 years ago