Answer:
Import substitution industrialization (ISI) is a trade and economic policy which advocates replacing foreign imports with domestic production. Domestic consumers benefit from import substitution as they do not have to face strong competition from foreign competitors and can sell their goods at a higher price. So for example manufacturers in USA sell a battery from $10 but consumers from USA have the option to import that battery at $7 from China the US manufacturers wont be able to compete as Chinese companies have lower cost of production therefore they can sell cheaper and in order to protect the local manufacturers the government may use an ISI strategy to help the local manufacturers. On the other hand consumers are harmed from this strategy as they cannot buy the cheaper product because of change in government strategy. So consumers who were buying the battery at $7 not have to buy it at $10.
Explanation:
The correct answer is choice D.
The Stockholders’ Equity section of the balance sheet includes stock, paid-iin capital and retained earnings.
Answer:
Good Quality or Service
Explanation:
This is a very general question however I’ll try to answer it to the best of my knowledge.
This is an example of Good Quality or Service OR Public Relations or Promotion.
Good Quality or Service – The food quality or the service at the Restaurant must be very good that the food critic was so impressed that he/she published this review on the magazine so that others may try the delicious food of this Restaurant.
Public Relations or Promotion – Regardless of the food quality or the service at the Restaurant, the restaurant owner had paid the food critic/blogger to post good reviews about his/her Restaurant in the magazine which would attract more customers to this Restaurant.
In my opinion, Good Quality or Service is more relevant in this scenario.
Answer:
Tt is highly productive in reducing the costs to produce a product.
it is highly productive in producing a highly valued commodity.
Explanation:
A product has derived demand If its demand is dependent on the demand for other products.
For example, there would be no need to demand for labour if no one demands for goods.
The derived demand for a good will increase if it reduces the price of the product and if it is important in the production of a good
