Answer:
The correct answer is option c.
Explanation:
The world price of a ton of steel is $650.
During the autarky, the price of steel in Russia was $1,000.
After the trade, the price fell to $650. This means that Russia started importing steel from other countries where it was cheaper. This caused the price of steel in Russia to fall to the level of the world price.
This happens because at price $1,000 consumers will purchase from foreign producers. This will reduce the demand for domestic producers. This decrease in demand will shift the demand curve to the left such that the price falls to $650.
Answer:
Explanation:
Tariffs are taxes on imports. They effectively raise the prices of those imports, providing an edge to domestic companies in the same markets. Governments usually impose tariffs to help domestic companies, or sometimes to punish foreign competitors for unfair trading practices.
How do tariffs work to protect infant industries? ... They shield new industries in the early stages of their development from the competition of more mature rivals. They raise the trade barriers for imports of child-care products. They increase competition for a new business, forcing it to be more productive.
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Answer:
Relation between Profession and Training
Training helps an individual to obtain new skills and experiences and also to build their career and become self-dependent. It helps to develop professionalism. With the help of training, the employees are strongly motivated.
Explanation:
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Answer:
People in the industry call it Mathematical Songwriting
Explanation:
It is called mathematical songwriting because songs are written in accordance with the order, structure, relation and rhythm of the beat. Songs produced by mathematical songwriting are captivating and go on to be commercially successful because they become popular on radio stations and streaming services.
