Taxes placed on imports to protect domestic producers from foreign competition and to produce revenue for the government are tariffs.
Tariffs are taxes imposed by using one us on goods or services imported from another United States of America. Price lists are alternate limitations that increase expenses and reduce available quantities of products and offerings for U.S. organizations and customers.
Common types of tariffs are given below.
Specific tariffs.Ad valorem tariffs.Licenses.Import quotas.Voluntary export restraints.Local content requirements.A tariff is a tax imposed by using a government on items and services imported from other countries that serve to grow the fee and make imports much less perfect, or as a minimum much less competitive, as opposed to domestic items and offerings.
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Intuitive decision making uses ____ to make decisions
Answer:
Judgment.
Explanation:
Intuitive decision making uses ____ to make decisions. Judgment.
Intuitive decision making uses judgement to make decisions. Correct answer is judgement.
What do you mean by Decision?Process of deciding is known as decision.
Rational decision-making is based on reasoning, evidence, and facts. Choosing among possibilities without using logic or analysis is what intuitive decision-making entails. It entails making decisions based on emotions or inadvertently recalling a memory.
Using your instincts to guide your decision-making is part of the intuitive paradigm. When the team is knowledgeable about the topic, this model is suitable. Generally speaking, it is less organized than other models and depends on team members using prior knowledge to spot patterns and use related solutions.
Therefore, Judgement is used to make decision in Intuitive decision making.
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The economy of finlandia is at full employment when
The economy of Finlandia is at full employment when there is some unemployment due to friction in the labor market, but there is no cyclical unemployment.
The Finnish economy is a highly industrialized mixed economy, with per capita production similar to that of Western European economies such as France, Germany and the United Kingdom. The largest sector of the Finnish economy is 72.7% service, followed by 31.4% manufacturing and refining.
Finland's economic freedom score is 78.3. That economy is the ninth free in the 2022 index. Finland ranks 6th out of 45 countries in Europe, with an overall score above the regional and global averages. Finland's economic growth turned negative in 2020, but recovered in 2021.
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Availability of a qualified workforce is determined mainly by ecological factors.
a. True
b. False
It is false that availability of a qualified workforce is determined mainly by ecological factors.
What are ecological factors?These are environmental factors such as temperature, water, soil, wind, that have effect on living beings hence cause changes in habitats.
Examples of ecological factors are:
Air,Water,ClimateSoilNatural vegetationIn the light of the above, we can conclude that availability of a qualified workforce is not determined mainly by ecological factors.
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Holding the nonprice determinants of demand constant, a change in price would:
Holding the nonprice determinants of demand constant, a change in price would result in either a decrease in demand or an increase in demand.
An alternate in a nonprice determinant changes the relationship between rate and amount demanded, either increasing or reducing the amount demanded at every rate. on occasion referred to as non-very own-rate determinant. A boom or decrease in the amount demanded of an awesome, service, or resource at each fee.
The demand curve shifts horizontally. A surplus will arise in a market if: the quantity provided at a given rate exceeds the amount demanded at that rate.
Whilst a nonprice determinant of demand modifications calls for curve shifts, there may be a boom or lower in demand. when the rate of great adjustments, we move along the demand curve to a new factor on the curve, and there's a boom or lower in quantity demanded.
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In a monopolistically competitive industry, when a business faces a ________ demand curve, it will choose a combination of quantity and ________ to maximize its profit.
In a monopolistically competitive industry, when a business faces a downward sloping demand curve, it will choose a combination of quantity and price to maximize its profit.
What is monopolistically competitive industry?A monopolistically competitive industry can be defined as the industry that are competitive and have many companies that sell products that are similar in which the product on the other hand are not perfect substitutes.
Hence, in a situation where a business faces a downward sloping demand curve, this means that the business will tent to go for a combination of quantity with price so as to maximize its profit.
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Which of the following actions constitutes the unauthorized practice of law if performed by a real estate licensee who isn't a licensed attorney
Drafting a legal contract using legal language is what constitutes unauthorized practice of law by a person that is not a licensed attorney.
Who is a licensed attorney?This is the description that is given to a person that is licensed to act or practice the act of law in the United States. In order to do this, one must have gone through law school.
Hence the drafting of a legal practice by a person that is not a licensed attorney can be seen to be an unauthorized practice in the United States.
Without a proper law license, it is a crime to act as a legal representative in the nation. The penalty for this may lead to issues that may cause jail term for the person. Such a person is going to face both criminal and civil law.
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To be eligible for this plan type, consumers must meet the following requirements: be entitled to Medicare Part A and enrolled in Part B, and reside in the plan's service area. Which plan is being described
Consumers must see the contracted network providers in order to receive coverage under the plan and to be eligible for this plan type.
What is a Medicare program?This refers to the social insurance program administered by the United States government that provides a health insurance to people who are aged 65 and over, or who meet other special criteria.
Conventionally, the Federal program provides a health insurance coverage to people ages 65 and older and younger people with permanent disabilities.
However, in order for someone to be entitled to Medicare Part A and enrolled in Part B, the consumers must see contracted network providers in order to receive coverage under the plan and to be eligible for this plan type.
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When a few firms with market power agree to restrict output and/or charge higher price, it is called
A few firms with market power agree to restrict output and/or charge higher price, it is called collusion.
Collusion is a fraudulent agreement or secret cooperation between two or more parties to limit open competition by deceiving, misleading, or fraudulent the legal rights of others. .. Collusion is not always considered illegal.
Collusion can lead to High price for consumers. This leads to reduced consumer surplus and allocation inefficiencies (price exceeds marginal cost). Collusion, which acts as a barrier to entry, can prevent new companies from entering the market.
Collusion refers to a combination, conspiracy, or agreement between sellers that raises or modifies prices, reduces production and increases profits.
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Robert owns a large tract of land. After an adequate study of all the relevant facts, he legally divides the land into 30 lots suitable for the construction of residences; adds utilities, curbs, and gutters; and paves the streets. Robert is A) a developer. B) an urban planner. C) a builder. D) a land planner.
Robert is( A) a developer.
What is a Developer of a Building?
Developers develop and builders build. That is, a developer takes raw land, obtains the necessary permits, creates building lots, and puts in the sewers, the water and electric lines, the streets and curbs. Then the builder comes in and erects the house. A builder also can be a developer.
Some developers specialize in converting raw land to finished lots, suitable for builders to buy and begin construction of off-site as well as on-site improvements. Often the land developer will also install the principal off-site improvements and infrastructure (roads and utilities).
Therefore, we can say that the correct option is ( A) a developer.
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A swedish children’s toy company is sending its toys to other countries in south america to sell through various distributors. What is this type of entry strategy called?.
A strategy in which the company enters any other country by providing its products to distributors, is called a distribution strategy.
What is a Strategy?A strategy is a plan that an organization have adopted to reach its goals, the company make strategies to achieve its targets and goals, the main goal of an organization is to increase revenue while the strategy is the one in which it is described that how the organization will actually achieve this goal.
There are different strategies available and it depends on the board of directors as what strategy they want to follow. The strategy in the scenario is of entering a new market and that also through distributors, this strategy will have low capital investment requirements, as there is no need to open outlets in the South America region.
This strategy is called the distribution strategy.
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An exporting entry strategy is used when the Swedish children’s toy company is sending its toys to other countries in south america to sell through various distributors.
What is an exporting entry strategy?This refers to the sale of products and services in foreign countries that are sourced from the home country.
Most time, the easiest form of entry strategy is an exporting such as direct or indirect method through an agent.
The more complex entry strategy include the global operations which may involve joint ventures, or export processing zones.
Hence, the advantage of the exporting entry strategy is that firms avoid the expense of establishing operations in the new country.
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