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:
The inventory method which results in the highest gross profit for June is FIFO
Explanation:
Month Units Cost U/cost LIFO E.INVEN. I.COST
jun-01 123 850 7 123 861 0
jun-10 164 1280 8 47 376 936
jun-15 164 1380 8 0 0 1312
jun-28 123 1080 9 0 0 1107
4590 170 1237 3355
FIFO E.INVEN. I.COST
7 0 0 861
8 0 0 1312
8 47 376 936
9 123 1107 0
170 1483 3109
Answer:
If consumption of a good gives rise to a negative externality, it can be internalized by subsidizing the purchase of the good.
Explanation:
The effect of a market exchange on a third party who is outside or “external” to the exchange is called an externality or spill over.
Negative externality are negative spill over effects of a transaction, a situation where a third party, outside the transaction, suffers from a market transaction by others
.
Internalizing the externality means <u>shifting the burden, or costs, from a negative externality</u>, such as pollution or traffic congestion, from outside to inside (external to internal). This can be done through taxes, property rights, tolls, and government subsidies.
A negative externality exists is the cost of production exceeds private costs
Hence, such negative externality can be internalized through subsidy by the government
A. tax=16600×3%=498
b. total=16600+498=17098