A duty is a type of tax.
Consider the modern day examples of "duty free" shopping available in places like airports and certain tourist locations where people can purchase luxury goods without owing a tax to any country or locality.
Answer:
The US is the largest economy in the world, but it only represents about 1/4 of the total. That means that the opportunities of earning higher profits and effectively using all their resources increases dramatically when you serve the whole world. E.g. Apple is the mot valuable firm in the world and about 60}% of its revenue comes from foreign markets. Something similar applies to most large corporations, that would be much smaller and less profitable is they only served the US market.
After every service rendered, there is a payment for it. when it is hourly, it is termed wages, when it is monthly, then, it is called salary.
Wages are defined as ______. a) financial rewards based on the number of hours the employee works or the level of output achieved
<h3>Wages</h3>
Wages a payment usually of money for labor or services usually according to a contract and on an hourly, daily, or piecework basis.
Therefore, the it refers to rewards based on the number of hours the employee works or the level of output achieved.
learn more about wages: brainly.com/question/1622389
Answer:
B
Explanation:
A currency appreciates when its value increases.
For example if $1 was exchanged for 50 pesos. After appreciation of the pesos, $1 would buy $25 pesos.
So more $2 would be needed to buy 50 peso after the appreciation when before the appreciation $1 was buying 50 pesos.
As a result Mexican goods would become more expensive to US consumers and the revenue earned by Mexican producers would increase
