| | | | | Selected Answer: | e-commerce. | Correct Answer: | e-commerce. | | | | | * Question 7 5 out of 5 points | | | In 1995‚ a renegotiation of the General Agreement on Tariffs and Trade (GATT) took bold steps to lower tariffs and to reduce trade restrictions. A tariff is a:Answer | | | | | Selected Answer: | tax on imports. | Correct Answer: | tax on imports. | | | | | * Question 8 5 out
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Advantages of Biomass energy. People says that biomass energy do not have any different than other energy. Biomass energy just have the same amount of carbon dioxide‚ methane released. The most famous debate is about food and biomass energy. Large areas of crop and farm land are used for growing biomass. This cultivation of crops for fuel might just put a little to much strain on our limited resources such as water and land which could be used for food crops. This biomass energy also just not economical
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I have chosen the Comparative Advantage Theory for my key term to discuss. I chose this term because it has a great importance on world trade clearly help shape the pattern of world trade‚ and also to get a better understanding of the concept. Comparative Advantage is the benefit or advantage of an economy to be able to produce a commodity at a lesser opportunity cost. According to Satterlee (2009)‚ opportunity cost is the value of what had to be given up‚ or forgone‚ to consume or achieve the object
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is WTO? The World Trade Organization (WTO) is an organization that intends to supervise and liberalize international trade. The organization officially commenced on 1 January 1995 under the Marrakech Agreement‚ replacing the General Agreement on Tariffs and Trade (GATT)‚ which commenced in 1948. The organization deals with regulation of trade between participating countries; it provides a framework for negotiating and formalizing trade agreements‚ and a dispute resolution process aimed at enforcing
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What are the differences between absolute advantage and comparative advantage? Absolute advantage and comparative advantage are two basic concepts to international trade and perhaps two most important concepts in international trade theory. Under absolute advantage‚ one country can produce more output per unit of productive input than another. With comparative advantage‚ if one country has an absolute (dis)advantage in every type of output‚ the other might benefit from specializing in and exporting
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What is the difference between competitive advantage and comparative advantage? Answer: An advantage that a firm has over its competitors‚ that differentiates the Product or services offered by the firm and allows the firm to reduce it’s Cost or generate Higher Revenue or Margin is known as Competitive Advantage. A competitive advantage is something that a consumer views in a product or service as having higher value than the other competitors of the firm in the industry. It is an expertise that
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ANTACIDS- Classification and Mechanism of Action INTRODUCTION Antacids are defined as a substance‚ generally a base‚ which counteracts stomach acidity. The name antacid means anti-acid (against acid). Antacids are the primary treatment for ailments such as gastric reflux‚ gastritis‚ upset stomach and heartburn. Hydrochloric acid is secreted by the stomach to kill harmful organisms‚ aid digestion and activate digestive enzymes. Excess secretion of acid into stomach or impaired resistance by
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LADY OF LOURDES COLLEGE OF NURSING IN PARTIAL FULFILLMENT OF THE REQUIREMENTS Level of Environmental Sanitation Status of Mercado Compound in Brgy.165 Zone 15 District I‚ Bagbaguin Caloocan City: An Assessment A FAMILY AND COMMUNITY DIAGNOSIS OF MERCADO COMPOUND PRESENTED BY: GROUP 1 Basol‚ Geraldine Cayetano‚ Kristel Ann Gumanit‚ Elyn Lorenzo‚ Donna Montecillo‚ Neriza Sardua‚ Alvin Jr. Tolentino‚ Shanice
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Synthetic Organic Compounds Synthetic organic compounds are a relatively new discovery in the field of chemistry but have had a major impact on the world. These compounds differ from organic compounds as they are manmade. Synthetic organic compounds have been damaging people and the environment since they were created. Synthetic compounds such as chemical pesticides‚ herbicides and fertilizers have been beneficial to food production and
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all ASEAN countries. It encourages a higher market competition which allows the countries to develop. AFTA helps ASEAN countries’ products gain access to a regional market that incorporates many substantial advantages Moreover‚ consumers will benefit from cheaper prices of goods given lower tariffs on a host of raw materials used by the region’s producers. Furthermore‚ the ASEAN Comprehensive Investment Area (ACIA) will encourage the free flow of investment within ASEAN. The overall goal of the
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