Business Management questions and answers

1. Distinguish between an implicit gain and a comparative service. Cite an example of a res publica that has an direct advantage and one with a comparative advantage. Absolute advantage is when a monopoly exists in a surface area when it is the only source and guide of an item. Meanwhile, a comparative advantage is when a country piece of ass supply products more efficiently and at a swallow cost than it faeces produce other items. South Africa has an absolute advantage because of its diamonds. The United States has a comparative advantage because of the many products we produce. 3. What effect does devaluation have on a nation?s currency? Can you think of a country that has devaluated or revaluated its currency? What have been the results?Devaluation decreases the value of currency in proportion to other currencies. Mexico is a country that has devalued their currency. The result of this is to butt against things less expensive. 4. How do political issues affect international engross?Political issues affect international business by it helps to alter products overseas. 5. What is an import tariff? A quota? Dumping? How might a country use import tariffs and quotas to control its balance of spread over and payments? Why basis dumping result in the rally of tariffs and quotas?

An import tariff is a tax made by the nation on goods imported into the country. A quota limits the amount of products that corporation be imported into a country. Dumping is a country selling products at less than what it costs to produce them. A country uses import tariffs to protect domestic products by flush the price of imported o! nes. A country uses quotas by rent-free agreement or by government decree. Dumping derriere result in the imposition of tariffs and quotas because it permits quick entry into the grocery store store or a... If you want to get a all-inclusive essay, coif it on our website: OrderCustomPaper.com

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