Answer:
The correct answer is C)
Explanation:
Given that the price for bananas is cheaper in Guatemala, suppliers will be driven to make a quick profit just by buying from the Guatemalan market to sell in the Honduras economy.
This, however, will cause the prices of bananas to rise in Guatemala. Because, according to the basic principles of economics, the higher the demand the higher the price.
Cheers!
Good credit score.
It's hard to answer without having choices to choose from as there are loads of things a bad credit score can prevent you from obtaining.
Sorry I couldn't help more.
Let's call
x = number of hours worked by Kyle in his old job.
y = number of hours worked by Kyle in his new job.
Writing the system of equations:
x + y = 54
5x + 7y = 338
Solving the system of equations:
5 (54-y) + 7y = 338
270-5y + 7y = 338
2y = 338-270
y = 68/2 = 34
Therefore, Kyle worked 34 hours in his new job.
Answer:
The effective rate of protection for Canada’s steel industry is 21%
Explanation:
The computation of the effective rate is shown below:
Steel percentage = (Production worth of steel) ÷ (Taconite worth)
= ($1,000,000) ÷ ($100,000)
= 10%
And the tariff rate for steel is 20%
And the taconite percentage is 10%
So, the effective rate would be equal to
= Tariff rate for steel + taconite percentage × steel percentage
= 20% + 10% × 10%
= 20% + 1%
= 21%
Answer:
b) overall low-cost leadership
Explanation:
By Michael Porter, this is one of the <em>generic strategies</em>. This strategy implies that the company is dominating the market by securing a low-cost approach across all channels (supplier side, customers, rivals). This is generally achieved by low operating costs and by the factors listed out in the example itself (influencing rivals and suppliers). This type of strategy puts a company ahead of most of its competitors.
