<< Chapter < Page Chapter >> Page >
  • Card 25 / 30:
    Why might the unsafe consumer products argument be a more effective strategy (from the perspective of the importing country) than using tariffs or quotas to restrict imports?

    The course author didn't provide an answer for this question

  • Keyboard Shortcuts

    Previous Card ← Previous Card Button
    Next Card → Next Card Button
    Flip Card // Return / Space

Questions & Answers

what is poverty datum lin?
KayEm Reply
central problems for whom to produce
Gauri Reply
please clear it, what is your adject question?
how do lower interest rates affect investment
meek Reply
when ever interest rate lower than investment increases
which capital is best and why
Sanju Reply
outline 4 reasons why public corporation are establush
Ophelia Reply
how does the foreign currency rate affect to your needs and wants?
Donna Reply
a country can not produce everything so it needs to import some of those thing and once the currency rate becomes high we can not import as much as we can
for instance let's say $1=R4 with R16 we can import more goods than when $1=R8
Difference between needs and want?
Tijani Reply
what is a price mechanism
Johnny Reply
dis Is same as market market mechanism... it is the process by Wch a market solves a problem allocating resources especially deciding how much a good shld be produced
it is the shift of the demand curve to the left....which shows that less of a commodity is demanded
Sarpong Reply
what is unemployment
what is meant by a decrease or fall in demand
Lower the demand i.e, lower the consumption
dat is a shift in demand curve
what is industrialization
Santa Reply
Industrialization is the process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods. Individual manual labor is often replaced by mechanized mass production, and craftsmen are replaced by assembly lines.
industrialisation is the period of social and economic change that transforms a human group from an agrarian society into an industry society..involving extensive reorganization of an economy for the purpose of manufacturing
What is monopoly
Nancy Reply
monopoly is market structure
monopoly is a market structure where there is only one producer or seller of a commodity
monopoly is a market where there is only one seller
And the product has no substitute
is type of market where there are only one seller with no close substitute
has no substitute because only producer of the product in market
thanks, its true
what's the summary meaning of economic
what is money as used in economics
Fri Reply
store of value ,unite of account ,
Money is any good that is widely used and accepted in transactions involving the transfer of goods and services from one person to another
money is anything that is generally accepted by the citizens of the country to carry out the transactions of good and services for example CFAF which is generally accepted by the citizens of Cameroon to carry out good and services.
money is anything which is generally accepted by each and every person in order to purchase goods and services to fulfill his/her need or requirements
money is anything dat is generally acceptable as a medium of exchange Nd settlement of debts
how those the government obtain economic objectives?
Santa Reply
how do commercial bank create credit
Santa Reply
commercial bank accept the deposit from the people and provide it to the needy person in the form of credit by keeping a part of deposit as reserve.

Get the best Principles of economics course in your pocket!

Source:  OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
Flash Cards plugin by Curtis Blackwell github.com/curtisblackwell/flash_cards
Google Play and the Google Play logo are trademarks of Google Inc.

Notification Switch

Would you like to follow the 'Principles of economics' conversation and receive update notifications?