Tarriffs Study guides, Revision notes & Summaries

WGU C211 GLOBAL ECONOMICS FOR MANAGERS EXAM WITH 100% CORRECT ANSWERS Which two phrases represent the views of globalization? Choose two answers. - correct answer - A pendulum that swings from one extreme to another. - A competition among key financial centers and markets. What are two trade barriers? - correct answer - Nontariffs - Tarriffs What is the effect of tariff on a particular product for the country imposing the tariff? - correct answer Increases ...

BUSI 3250 Auburn Exam 1 Latest Update with complete solution Value Ans The relationship between the price of a good or a service and the benefits that it offers its customers. Business Ans Any organization that provides goods and services in an effort to earn a profit. Profit Ans The money that a business earns in sales (or revenue), minus expenses, such as the cost of goods, & the cost of salaries. Revenue-Expenses=Profit (or loss). Loss Ans When a business incurs expenses that a...

What was America's foreign policy following its independence (1776)? - -Wanted to expand US economy with trade -Wanted to maintain its independence and stay free from conflict, no "entangling alliances" -Didn't want to weaken newfound security/liberty -Also didn't want centralized power What factors led to the War of 1812? Who was the war fought against? What was the result of the war for America? - 1. Disputed territory: US, British, and Native Americans fought over who had rights to...

shows a table of a countrys macro economic performance .. what can be inferred? - correct answerB the price level is increasing more slowly The most likely explanation for the move of the economy from its initial equilibrium at E1 to a new short-run equilibrium at E2 is a decrease in the - correct answerA the level of tarriffs on imports causes SRAS to shift right Which one of the following policies is most likely to improve the supply side of the economy? - correct answerB a policy which ...

political economy the study of how politics and economics are related and how their relationship shapes the balance between freedom and equality markets interactions between the forces of supply and demand and the allocation of resources through the process of those interactions property the ownership of the goods and services exchanged through the markets public goods defined as those goods, provided or secured by the state, that are available for society and indivisibl...

What is globalization? - ANSWER the growing global economic, cultural, and political integration and interaction what business opportunities are presented by globalization? - ANSWER economic growth, spread of technology and innovation, lower cost of products, access to new markets what are the economic effects of globalization? - ANSWER reduces cost of manufacturing, consumers have a wider variety of goods what are the political effects of globalization? - ANSWER reduced importance of n...