In 1998 the foreign trade term most favored nation was changed to what

1 answer:

7 0

In 1998 the foreign trade term most favored nation changed into normal trade relation. Most favored nation is a term given by a country to another country. This term show that country interested to increase the trade between them. A country with this term will get some benefit from the giving country because the giving country may reduce their protection in trade to the country with the most favored nation term<span>.</span>

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Market failure describes a situation in which the market itself ________ in a way that balances social costs and benefits.

Lina20 [59]

A situation known as a "market failure" occurs when the market itself is unable to efficiently distribute resources in a way that balances social costs and benefits.

Market failure refers to a situation where there is an inefficient allocation of products and services on the open market. The individual incentives for rational behavior do not result in rational outcomes for the collective in a market failure.

In other words, each person chooses what is best for themselves, but those choices end up being bad for the collective. This can occasionally be demonstrated in conventional microeconomics as a steady-state disequilibrium condition.

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A dairy producer has determined that almost all grocery consumers are potential customers for its products. Which type of market

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undifferentiated

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Which course is an integral part of your academic program and is required every semester? Additionally, this course will require

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INTR

Explanation:

INTR is an essential part of the academic program that every student must take in each semester. This course is also known as the applied learning practicum and it is used to ensure that students have both theoretical knowledge as well as practical field experience. This will help students to apply theoretical knowledge to real-life situations.

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3 years ago

"The best business portfolio is the one that ________.

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Answer:

The correct answer is option B,the business portfolio is the one that best fits the company's strengths and weaknesses to opportunities in the environment.

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SWOT analysis is a performance appraisal technique that is used in analyzing organization based on its strengths and weaknesses (in internal environment) as a means to exploring opportunities and reducing threats from external environment.

The best a company can offer its customers in terms of products and services is that combination that maximizes it strengths and opportunities while also minimizing its weaknesses and threats.

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3 years ago

In February, X City ordered $550,000 of supplies. On March 17th it received all of the ordered supplies and an invoice of $551,0

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B. Debit Budgetary Fund Balance -- Reserve for Encumbrances for $550,000.

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X City made an order for goods worth $550,000 and when the goods were received the invoice states $551,000. The company should indicate in the invoice the correct amount received and work with that.

Reserve for encumbrances is an account that contains funds that have been reserved for a particular purpose. In this case since the order was made in February, the funds of $550,000 would have been put in this account.

On receipt of the goods we debit Budgetary Fund Balance -- Reserve for Encumbrances for $550,000 (the correct value of goods received).

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3 years ago