Answer:
Tariffs and import quotas generally reduce economic welfare.
Explanation:
The vast majority of economists (over 90% according to the University of Chicago) agree that tariffs and import quotas generally reduce economic welfare. This is perhaps the normative statement in which economists agree the most.
The reason why is because tariffs and import quotas only benefit a small fraction of domestic producers, to the dismay of a larger number of consumers who end up having to pay higher prices for consumer goods.
Answer: Option C
Explanation: In simple words, land refers to the place where the core operations of the business have to happen initially such as manufacturing, administration etc.
Capital refers to the resources that are invested by owners with the objective of operating business. And labor refers to the man force employed in business for operations.
Hence fishing territory is a land as it is not invested by any owner and without any employment of workforce it does not have any utility.
Answer:
low cost labor pool
Explanation:
To build a manufacturing facility in China, the most beneficial to Tofa would be low cost of labour pool. This is due to the fact that if they are able to get labour supply at lower cost levels, they would have reductions in what it takes to produce these cars. low cost of labour causes low cost of production and the price of the cars would be within reach of the middle class. The middle class would be able to afford the cars.
Answer:
Saving account
Explanation:
A savings account is an interest-bearing deposit account held at a bank or other financial institution. Though these accounts typically pay a modest interest rate, their safety and reliability make them a great option for parking cash you want available for short-term needs.
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Answer:
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