What will an increase in the price of substitute goods produced in foreign countries do?

Q: What is the best way to deal with shortages after a natural disaster?

A: In a market, when producers supply a lesser quantity of output than its demand due to various…

Q: Discuss the different kinds of visas that may be given to foreigners desiring to travel to or live…

A: The Philippines is a beautiful country. Travelers who go to the Philippines as foreign residents can…

Q: Domestic territory of a country is also known as __________ territory

A: # Considering the concept of domestic territory we can refer it to be as geographical territory…

Q: An import quota on e product reduces the quantity of the product imported and Mutiple Choice…

A: An import quota refers to the limit on the size of imports that can be brought within a nation. This…

Q: Do you believe that American consumers should boycott goods made by exploited workers in Less…

A: No the American consumers should not boycott goods made by exploited workers in less developed…

Q: What is world market

A: The world market is the aggregate of all national markets, seen as linked through mutual economic…

Q: Objective of importation

A: The term importation refers to bringing in products and services from a foreign nation in the form…

Q: What is the importance of food security in politics and governance in a place like a third-world…

A: Food security refers to having constant physical and economic access to enough food to meet dietary…

Q: A market is any arrangement that allow buyers and sellers to exchange things

A: # Buyers and sellers engage into the activity of the transaction of goods and services. Such…

Q: Review the lifestyle and life-cycle determinants of tourism demand that affect the  travel patterns…

A: The life cycle phase is consistently an essential determinant in tourism demand because individuals…

Q: Exporting countries Which of the following will be true, everything else remaining constant, for a…

A: Goods and services produced in one country and sold to consumers in another are known as exports.…

Q: difference between Export and Import

A: The difference among Import and Export is that import implies when a nation purchases an item from…

Q: an economy formerly in autarky opens to trade, and discovers that there is excess supply of a good…

A: In autarky economy is having closed trade.

Q: prod

A: A quota is a trade restriction being imposed by government which limits the number or monetary value…

Q: Is childcare provided in Spain or is it subsidized by the government?

A: Spain is one of the developed countries in the world with high nominal GDP, high life expectancy,…

Q: Which of the following statements is false?   A. A quota is a tax levied against a specific good…

A: When the world price lies below the equilibrium, shortage occurs because quantity demanded exceeds…

Q: What can you say about the degree of impact that tourism has on our society

A: One of the most important components of the global economy is tourism. It produces sales of billions…

Q: What are the three (3) most important things that you believe should be done to reduce hunger in our…

A: Hundreds of theories exist regarding how to end world hunger, many of which are hotly discussed by…

Q: Why do consumers in the United States pay more than double the world price for sugar?

A: This is true that consumers in US pay more than double the world price for sugar.

Q: agricultural in north korea

A: Farming in North Korea is done on the flatlands of the four West Coast provinces. Intensive…

Q: Is it fair to give farmers lower interest rates on loans because they are farmers?

A: Interest rates on loans affect the farmers directly. Higher the rate of interest more will be the…

Q: How can authorities of a country effectively limit the import quantities in a country

A: The government of a country has the authority to limit the import quantities in a country with the…

Q: A publisher of academic books charges a premium price for its books in the U.S. It charges much…

A: Purchasing power refers to the goods and services that can be purchased with a currency unit. It is…

Q: Under what circumstances can a state impose a tax on goods that are imported into the state from…

A: Trade barriers refer to the trade restrictions that can be either tariff barriers or non-tariff…

Q: How would you use Product Placement and Advergaming to promote Tourism in Pakistan?

A: Product placement is a marketing strategy where references to specific brands or products are…

Q: Identify a product that is exported from the United States.

A: Apple smart phones are very popular in united states.

Q: What happens to the weight attached to food over time in most countries?

A: The CPI is the consumer price index. It measures the weighted average price of a basket of consumer…

Q: Benefits of tourism

A: Tourism is important for the success of the various economies around the world. business enterprise…

Q: What did the government encourage people to to increase the food supply and reduce the demand for…

A: To reduce the demand for commercially grown food,government initiated plant victory gardens to…

Q: Import Substitution or Enhancing Exports in Pakistan

A: Pakistan's export sector has had structural challenges for the past 50 years, such as a lack of…

Q: Do you believe in “buying Filipino” even if you have to pay a higher price? Why?

A: "Buying Filipino" is an effort made towards the upliftment of the producers who are local and has…

Q: Are “Buy American” provisions good for (a) U.S. consumers, (b) U.S. producers?

A: The "BUY AMERICAN" provision of 1933 states that the federal government agencies supplying and…

Q: Should higher safety standards be imposed on imported goods that exists in country where the goods…

A: Safety standards are the guidelines and instructions for enhancing the quality and reducing the…

Q: Goods produced on small scale have

A: Formula to calculate elasticity of supply:- ES=∆QS∆P×PQS Where; Q= Quantity supplied P= Price

Q: means that the products people demand are being produced at a low cost(making the most of…

A: In economics, the problem of scarcity is addressed by economic agents. As the human wants are…

Q: With more money to spend and an increased number of products to buy, became an American way of life.…

A: The economies around the globe are involved in various economic, and financial activities. There are…

Q: what is South Africa’s government doing to help with hunger?

A: "A situation in which households lack access to enough food due to a lack of money or other…