Answer: Please refer to the explanation section
Explanation:
The question is not clear with regards to what is required or what the question wants us to do. I will assume the question requires us to provide arguments inf favour of decreasing tariffs on imported goods.
Tariffs on imported goods aim to discourage buyers from buying import goods, when Tariffs decrease it benefits consumers because they have more choice, they can buy locally or from another country which will drive the price of a good in question down.
Free trade will also strengthen Trade relations between countries, the domestic country will also benefit because it would easier for local producers to export their product and gain a market in foreign countries. Local producers will export their product without incurring excessive costs tariffs charged by the foreign country
Its D. reducing the amount of resources spent on one want to spend more on another want (100% correct; just took quiz and got all answers right)
They both taste like shii
The formula is
pv=pmt [(1-(1+r)^(-n))÷r]
PV present value?
PMT payments 4700
R interest rate 0.045
N number of payments 5
PV=4,700×((1−(1+0.045)^(−5))÷(0.045))
pv=20,632.89