Answer:
E. The costs of trade restrictions per consumer are small.
Explanation:
Trade restrictions are usually bad but, companies that compite with the foreing goods they have incentivize to keep a hard regultion if that is what prevent the access from other markets.
The United States is one of the most open countries in the word acording to the market freedom index. Also, as the quota are on average below 5% the few restrictions to free trade do not report a great lost in the tincome of the american family therefore, their cost is low.
Answer:
The options for this question are the following:
a. an exchange rate
b. a quota
c. a boycott
d. a dumping law
e. a tariff`
The correct answer is b. a quota
.
Explanation:
Import quotas are tools that countries have when it comes to limiting the physical quantity of a product that can be imported into their territories.
Within the different methods of control of foreign trade that a State has, there is the adoption of import quotas.
Therefore, this economic mechanism of trade restriction therefore supposes the application of limits of units or maximum weight of product that it is possible to import during a determined period of time.
Introducing this type of commercial measures is perfectly compatible with the introduction of others simultaneously. That is, a government can establish quota-based import trade strategies and set tariffs, for example.
Answer:
1. true
2. false
3. true
Explanation:
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
An example of monopolistic competition are restaurants
In a monopolistic competition, price is higher than marginal costs, so the market cannot be productively efficient. Also, price is higher than marginal cost, so monopolistic competition cannot be allocative efficient.
The organization that does not provide free or loss cost training and counseling associated with the Small Business Association is IBRD.
<h3>What is Small Business Association?</h3>
A Small Business Association are agencies that provides resources (like capital, skill, advice) to small businesses for innovation, growth etc
SCORE, VBOC and WBC are all agencies that provide free mentoring services, free training, loss-cost training, counseling etc
Hence, the organization that does not provide free or loss cost training and counseling associated with the Small Business Association is IBRD
Therefore, the Option A is correct.
Read more about Small Business Association
<em>brainly.com/question/2072884</em>
Sri Lanka's economy has expanded at an average rate of about 6 percent over the last 5 years. The country has made a notable economic transition from fragility to relative stability. Political reconciliation and economic transformation have been strengthened by measures that support long-term development and competitiveness.
