Answer:
Formatting text invloves performing one or more tweak of a text, it could be making it bold, resizing it, italicizing it , underlining it, choosing a particlar text sytle and so on.
Answer:
Duty of care and oversight
Explanation:
Though the liability due to carelessness is waived off but the directors are liable for duty of care and duty of oversight of companies issues and they must act in the best interest of shareholders. This carelessness will result in heavy fines which the shareholders will have to bear. So the director is liable for his misconduct.
Answer: Protectionism
Explanation:
Protectionism occurs when the industries in a particular country are being protected from foreign competition by the government of that economy. Protectionism is done through the imposition of tariffs, quotas or total ban on the products of other countries.
In the question, the tariff on rice is an example of protectionism as the tariff will lead to an increase in the price of the foreign rice and the people will have to buy from the local rice suppliers. In this case, the local industry is protected.
Answer:
Workers may be better off or worse off because the real wage in terms of the agricultural good falls and the real wage in terms of the manufactured good rises.
Explanation:
Because the country has comparative advantage in manufacturing, opening to trade means that the manufacturing sector will grow because it will now export goods to other parts of the world. This will increase the real wages of manufacturing workers.
However, the country does not have a comparative advantage in agriculture, and this means that the agricultural sector will likely shrink, because consumers will be able to access cheaper and higher quality agricultural goods from other regions. This will cause agricultural workers' wages to fall.
