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scoray [572]
3 years ago
9

During the past five years, the nation of Andolvia began a massive undertaking: teaching farmers how to successfully grow and ha

rvest peanuts. The government subsidized the building of peanut processing plants, where private businesses are now producing peanut butter and other products of nutritional value. Although the Andolvia government has not completely banned the importation of peanuts, it has placed ________________ on the number of peanut products that the nation can import each year, in order to protect Andolvia's young peanut industry.
(A) counter measures
(B) embargoes
(C) subsidiaries
(D) import quotas
Business
1 answer:
Nutka1998 [239]3 years ago
8 0

Answer:

The correct answer is (D) Import quotas

Explanation:

Import quotas are part of economic policies imposed by a country to <u>protect domestic industries</u> from foreign competition. For this case, the nation of Andolvia placed a restriction on the supply of peanut products to be imported, as they have subsidized and made efforts for their local young peanut industry to grow and mature.

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Stels [109]

Answer:

The Earned Income credit

Explanation:

Many economists choose the earned income credit (EIC) over the increase in minimum wage because it avoids deadweight losses. Deadweight losses results when supply are demand are not in equilibrium (Market Inefficiency). Increases in minimum wages invariably leads to increase in prices of market goods which are overpriced. This leads to market Inefficiency.

So in trying to help low income earners, many economists choose the EIC over just increasing minimum wage.

The earned Income Credit helps certain tax payers with low incomes from work in a particular tax year. It reduces the amount of tax owed and may result in a refund to the tax payers if the amount of credit is greater than the amount of tax owed.

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3 years ago
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vagabundo [1.1K]

I think it's B) store of value

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saveliy_v [14]
The answer is technology
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harkovskaia [24]

Answer:

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Explanation:

The international economy nowadays can simply be described as an interdependent economy. This situation has been a result of the globalization process. The companies spread all over the world from their home countries, the trade barriers have been lifted, the economies have been specialized by area, country, or region, all in all managed to make every economy dependent on the other economies. While this is good for numerous reasons, it can also have terrible effects, especially if a country that has a very large economy cracks down, as the effect will spread all over the world and affect pretty much every country in a negative way, with the economic crisis of the late 2000's and early 2010's a nice example of that.

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