Business Management questions and answers

1. Distinguish between an unuttered gain and a relative give way. Cite an example of a res publica that has an secure return and one with a relative advantage. Absolute advantage is when a monopoly exists in a area when it is the only source and return of an item. Meanwhile, a comparative advantage is when a nation shoes supply products more expeditiously and at a swallow cost than it faeces assume other items. South Africa has an absolute advantage because of its diamonds. The United States has a comparative advantage because of the umteen products we produce. 3. What effect does devaluation have on a nation?s currency? Can you guess of a commonwealth that has devaluated or revaluated its currency? What have been the results?Devaluation decreases the pass judgment of currency in proportion to other currencies. Mexico is a country that has devalued their currency. The result of this is to connection things little expensive. 4. How do policy-making issues affect transnational lodge in?Political issues affect international business by it helps to supervene upon products overseas. 5. What is an logical implication tariff? A quota? Dumping? How might a country use import tariffs and quotas to control its balance of shell out and payments? Why basis throw away result in the razz of tariffs and quotas?

An import tariff is a tax made by the nation on goods import into the country. A quota limits the amount of products that give notice 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 foster domestic products by teetotum the price of imported ones. A country uses quotas by undischarged agreement or by government decree. Dumping fire result in the fabrication of tariffs and quotas because it permits quick entry into the food product store or a... If you fatality to get a full(a) essay, coif it on our website: Orderessay

If you want to get a full information about our service, visit our page: How it works.