Answer:
B, Customs union.
Explanation:
A customs union is defined as a trade bloc that has a free trade area, where countries with trade pacts have a common external tariff.
Customs union cannot be created without a trade pact and it is usually between two or more countries. This union means that countries with the trade pact between one another can bring in or take out their goods into those countries at a tariff that is lower compared to other countries that have no trade pact with the country or countries.
Cheers.
Answer & Explanation:
(a) Cost of Eliminating 2 Pollution Units
Firm X 215
Firm Y 1250
Firm Z 180
As mentioned in the question:
Company Y has excessive pollution-discount charges, it thinks it is probably better off shopping for a permit from firm Z and a allow from company X, so that it doesn't need to reduce its very own pollutants emissions. At which of the following expenses is firm Z inclined to sell one among its lets in to company Y, however firm X is not? We'll take a look at all that follow within the listing beneath.
$90
$178
$186
$451
$529
To cover its own costs, X needs to receive $200 but Z needs only $150. That means Z would sell for $178 or $186, but X would not.
Firm Initial Pollution Permit Allocation Action
Firm X 2 d. sell one permit for $326
Firm Y 2 b. buy two permits for $326 each
Firm Z 2 d. sell one permit for $326
Firm Final Amount of Pollution Eliminate Cost of pollution reduction
Firm X 3 $415
Firm Y 0
Firm Z 3 $330
Proposed method Total cost of Eliminating 6 units of pollution (dollars)
Regulation $215 + $1250 + $180 = $1645
Tradable permits $415 + $326 x 2 + $330 = $1397
In this situation, it may be concluded that doing away with pollutants is greater high priced to society while the authorities regulates each company to dispose of a certain quantity of pollution than while it allocates pollution permits that can be sold and bought. The trade able permits variety may be decreased even in addition if you took the view that the $326 paid to X and Z from Y were used to offset their expenses. In that case the final number could be simply $745 - $652 = $93.
Hope the Answer Helps :)
Answer:
Lorland
Zhangia
sandals
smoothies
Explanation:
A country should specialise goods for which it has a comparative advantage in its production.
A country should import goods for which it has no comparative advantage in its production.
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
Lorland
Opportunity cost in the production of one smoothie = 8/2 = 4
Opportunity cost in the production of one sandal = 2/8 = 0.25
Zhangia
Opportunity cost in the production of one smoothie = 5/1 = 5
Opportunity cost in the production of one sandal = 1/5 = 0.2
Zhangia has a comparative advantage inn the production of sandals and should specialise in the production of sandals while lorland has a comparative advantage in the production of smoothies specialise in the production of smoothies
Loriland should import sandals and export smoothies
No, Because Harriet had no knowledge of the painting for her house, While there was an added benefit. There is no quasi-contract at all.
Answer:
See explanation section
Explanation:
The five activities of the operating cycle of a merchandiser with credit sales include the following activities. The arranging activities after merchandise acquisition are as follows:
D. Purchase merchandise; → A. Prepare merchandise for sale; → C. Make credit sales to customers; → E. Monitor and service accounts receivable; → D. Collect cash from customers on account.