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Veronika [31]
3 years ago
7

A fundamental principle set forth in the preamble to the 1994 Marrakesh Agreement is that "substantial reduction of tariffs and

other barriers to trade" will contribute to the objective of "raising standards of living."
a. true.
b. false.
Business
1 answer:
WINSTONCH [101]3 years ago
5 0

Answer:

The correct answer is: a) true

Explanation:

According to the WTO, the 1994 Marrakesh Agreement states that "trade and economic endeavour should be conducted with a view to raising standards of living (...)" and this could be achieved, among other things, by "entering into reciprocal and mutually advantageous arrangements directed to the substantial reduction of tariffs and other barriers to trade (...)"

Source:

World Trade Organization: https://www.wto.org/english/docs_e/legal_e/04-wto_e.htm

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A process of making decisions by constructing simplified models that extract the essential features from problems without captur
zvonat [6]

Answer:

Bounded rationality.

Explanation:

This is explained to be a model that is been used in making choices between alternatives. Models of this kind brings about use of logic, analysis and objectivity always which appear over subjectivity and insight. In this particular model, approaches like Formulating of goal, decision making, identification of criteria for decision making, performing analysis etc are seen to make this model a better type of its kind. Here individuals who are seen to posses high cognitive ability are seen handling of decisions and making quality arrangements towards its actualization.

In a lot of cases, it is seen to not consider factors that cannot be quantified, such as ethical concerns or the value of altruism.

6 0
3 years ago
How many states have regulatory agencies to monitor state-chartered banks?
Len [333]
39 /// wjewiwiejwkwkej
5 0
3 years ago
Read 2 more answers
A company produces a product with the upper specification limit of 22 inches long and the lower specification limit of 18 inches
kotegsom [21]

Answer:

0.83

Explanation:

Given that ;

the upper specification limit USL = 22 inches

the  lower specification limit LSL =  18 inches.

Mean average length \bar X =  19 inches

Standard deviation \sigma  = 0.4 inches

The process capability ratio/index C_{pk= Min[\dfrac{USL - \bar X}{3(\sigma)}, \dfrac{\bar X - LSL}{3( \sigma)}]

C_{pk= Min[\dfrac{22 - 19}{3(0.4)}, \dfrac{19- 18}{3( 0.4)}]\\

C_{pk }= Min[\dfrac{3}{1.2}, \dfrac{1}{1.2}]\\

C_{pk }= Min[2.5  \ ,\ 0.83]\\

The process capability ratio/index = 0.83

8 0
3 years ago
How is price determined?how​
bearhunter [10]

The price of a product is determined by the law of supply and demand. Consumers have a desire to acquire a product, and producers manufacture a supply to meet this demand. The equilibrium market price of a good is the price at which quantity supplied equals quantity demanded.

7 0
3 years ago
The Melville Corporation produces a single product called a Pong. Melville has the capacity to produce 60,000 Pongs each year. I
docker41 [41]

Answer:

Financial advantage $159,000

Explanation:

unit variable cost = 15 + 12 + 8 + (25%×8) = $37

Note the selling variable cost is now 25% of the initial cost before the special order because of the 75% savings

The fixed cost were not considered in the analysis because they are not relevant. They would be incurred either way, whether the order is accepted or not

Financial advantage of the special order

                                                                                                 $

Sales revenue from special order = (6,000× $65) =     390,000

Variable cost ( 6000×  $37 )                                  =       (222,000 )

Cost of special machine                                                 <u>( 9,000)</u>

Financial advantage                                                        <u> 159,000</u>

                                         

3 0
4 years ago
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