What are the advantages of tariffs?

What are the advantages of tariffs? Benefits of Tariffs Tariffs mainly benefit the importing countries, as they are the ones setting the policy and receiving the money. The primary benefit is that tariffs produce revenue on goods and services brought into the country. Tariffs can also serve as an opening point for negotiations between two […]

How do you use territoriality in a sentence?

How do you use territoriality in a sentence? The territoriality was strictly observed by the community members. It is the present rather than that-which-is-to-come that seems to be the home territoriality of their existence. What is territoriality dictionary? noun. territorial quality, condition, or status. the behavior of an animal in defining and defending its territory. […]

What countries are part of the Maghreb?

What countries are part of the Maghreb? The Maghreb region in North Africa comprises the countries Algeria, Libya, Mauritania, Morocco, and Tunisia. Why is Morocco called Maghreb? Etymology. The word maghreb is an Arabic term literally meaning “place of setting (of the sun)”, and hence “West.” It derives from the root ghuroob, meaning “to set” […]

How does technology affect production function?

How does technology affect production function? A change in technology alters the combination of inputs required in the production process. An improvement in technology usually means that fewer and/or less costly inputs are needed. If the cost of production is lower, the profits available at a given price will increase, and producers will produce more. […]

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