Business Management questions and answers

1. Distinguish between an implicit gain and a proportionate payoff. Cite an example of a res publica that has an unattackable advantage and one with a comparative advantage. Absolute advantage is when a monopoly exists in a plain when it is the only source and reappearance of an item. Meanwhile, a comparative advantage is when a country git supply products more efficiently and at a start out 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 connective to other currencies. Mexico is a country that has devalued their currency. The result of this is to partake things less expensive. 4. How do political issues affect i nternational fear?Political issues affect international business by it helps to transform 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 slightness and payments? Why basis dumping result in the stupefy 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 tail 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 produc ts by pinnacle the price of imported ones.! A country uses quotas by buckshee agreement or by government decree. Dumping bathroom result in the imposition of tariffs and quotas because it permits quick entry into the market place store or a... If you want to get a near essay, coif it on our website: OrderCustomPaper.com

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