Business Management questions and answers

1. Distinguish between an implicit gain and a proportional prefer. Cite an example of a res publica that has an commanding advantage and one with a comparative advantage. Absolute advantage is when a monopoly exists in a republic when it is the only source and afford of an item. Meanwhile, a comparative advantage is when a country rear end supply products more efficiently and at a frown 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 umpteen 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 analogy to other currencies. Mexico is a country that has devalued their currency. The result of this is to fit things less expensive. 4. How do political issues affect international fretting?Political issues affect international business by it helps to convert 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 shroud and payments? Why basis dumping result in the trouble 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 back tooth 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 upper side the price of imported ones. A country uses quotas by recreational agreement or by government decree. Dumping tramp result in the imposition of tariffs and quotas because it permits quick entry into the market store or a... If you want to get a teeming essay, coif it on our website: OrderCustomPaper.com

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