Import tariffs are put in place to increase foreign competition. True or False?

Answers

Answer 1

False. Import tariffs are actually put in place to decrease foreign competition by making imported goods more expensive for consumers, which can make domestic goods relatively more affordable and competitive.

Governments may use import tariffs as a tool to protect domestic industries from foreign competition, as they can make imported goods less attractive to consumers by increasing their cost. Tariffs can also generate revenue for the government, as importers must pay a tax on the goods they bring into the country. While it is true that import tariffs can sometimes increase competition among domestic producers, this is typically not the primary goal of such measures. Instead, the aim is often to shield domestic industries from competition from foreign firms, particularly those with lower labor costs or more favorable trade policies. By increasing the cost of imported goods, tariffs can make it more difficult for foreign firms to compete with local producers, which may give domestic industries a boost.

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Answer 2

False. Tariffs are taxes imposed by governments on imported goods and services that are meant to increase the price of the imported product and protect domestic industry from foreign competition.

Tariffs can also be used to increase government revenue, as well as to limit imports of certain products to protect domestic industry from cheaper foreign competitors. Tariffs are designed to make imported goods more expensive relative to domestic goods, thus making them less attractive to consumers. This helps protect domestic producers from foreign competition and allows them to increase their market share and profits. Tariffs can also be used to protect certain industries from becoming uncompetitive and unprofitable. On the other hand, tariffs can also increase prices for consumers, reduce their purchasing power, and lead to economic inefficiencies. Overall, tariffs are used as a tool to protect domestic industries from foreign competition and are not meant to increase foreign competition.

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Related Questions

which organization is your best source of help with the complain about a dangerous product?

Answers

The best organization to contact with complaint about dangerous product would be Consumer Product Safety Commission (CPSC) in United States.

What is a consumer product?

Consumer products are tangible goods or services that are sold directly to end-users for personal, household or family use. These products range from everyday items like groceries, clothing, and personal care products to luxury items like electronics, jewelry, and designer fashion. They can also include household appliances, furniture, and tools. Consumer products are typically marketed and sold through retail channels like supermarkets, department stores, online marketplaces, and specialty shops. They are usually designed to appeal to a specific target market, and their quality, features, and pricing can vary widely depending on the needs and preferences of the intended consumer. The consumer product industry is highly competitive, and companies must constantly innovate and adapt to changing consumer tastes and preferences in order to remain successful.

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what happens if you forgot to file something on your taxes

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Except for late filing penalties, Section 234A accrues tax interest of 1% or a portion thereof each month until taxes are paid.

Losses incurred (other than loss of home ownership) cannot be carried forward to the next year. These losses cannot be penalties against future profits if the declaration is not filed on time. However, loss carry-forwards are allowed in the event of a loss of ownership of the home.

It is important to note that you can only file an ITR if you are paying taxes. Calculation of interest under the section above begins on the date immediately following the Maturity Date. H. August 31, 2022 for 2021-22. So the longer you wait, the higher the price.

If you have been unable to file your ITR in the last few years, you can apply for acquiescence and file your return online.

For example, if you have not filed your FY2020-21 ITR by March 31, 2022, you can apply for a late acquiescence through the electronic filing portal and file your return online

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Which of the following refers to the process of defining a marketing problem and opportunity, systematically collecting and analyzing information, and recommending actions?
marketing activation
marketing communications
marketing research
marketing design
marketing operations

Answers

Marketing research  refers to the process of defining a marketing problem and opportunity, systematically collecting and analyzing information, and recommending actions .

What does marketing research mean?

Marketing research is the methodical collection, logging, and analysis of qualitative and quantitative data about topics related to marketing goods and services. Finding and analyzing the effects of modifying marketing mix components on consumer behavior is the aim.

Which four forms of marketing research are there?

Customer observation, focus groups, interviews, and surveys are the four most popular types of market research procedures. In order for a corporation to sell itself more successfully and ultimately flourish in the market, market research entails obtaining information about target demographics and consumers.

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Based on the information provided in the video, which philosophy best describes Donald Trump's perspective on trade between nations? Multiple Choice: a.Under Trump, the United States is moving toward unrestricted free trade. b.Trump supports Adam Smith's theory absolute advantage. c.Trump agrees with David Ricardo's theory of comparative advantage. d.U.S. trade policy under Trump is pro free trade. e.Trump has a mercantilist philosophy toward trade.

Answers

Answer:

What Video?

Explanation:

True or False a special journal used to record only cash receipt transactions.

Answers

False - a special journal used to record only cash receipt transactions.

This statement is false because a special journal is not used to record only cash receipt transactions.

Special journals are used to record specific types of transactions, such as sales, purchases, cash receipts, and cash disbursements.

For example, a sales journal is used to record all sales transactions, while a cash receipts journal is used to record all cash payments received.

Additionally, a general journal may be used to record transactions that do not fit into any of the other special journals.

Thus, a special journal is not used to record only cash receipt transactions but is instead used to record a variety of different types of transactions.

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When is a business most likely to hire a specialist?

Responses

during the planning and opening phase


before it seeks out venture capital


just as it is planning for expansion


after it has grown to a considerable size

Answers

User experience is essential since it helps to satisfy user needs. It aims to provide pleasurable experiences that keep customers loyal to the product or service. A meaningful consumer experience also enables you to specify consumer journeys in your products that are beneficial to commercial achievement.

What do business specialists do?

A business expert is a professional who offers businesses possibilities, methods, and strategies that are supported by research and data in order to assist them achieve their goals and objectives.

Who is the design industry's target market?

The total market, which consists of all consumers, is segmented into groups with common characteristics in order to build a product which attracts to the majority of potential buyers. who is most likely to purchase The target demographic for your goods is sometimes referred to as the market.

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he world flow of foreign direct investment between 1990 and 2017 increased 600 percent. If a company decides to establish a new operation in a foreign country, that company has engaged in Multiple Choice: O greenfield investment O an acquisition O franchise arrangement O censing arrangement

Answers

The correct answer to the question above is option A "greenfield investment"

Greenfield investment is a type of foreign direct investment (FDI) in which a parent company creates a subsidiary in a different country, building its operations from the ground up. The acquisition is an asset or object brought or obtained, typically by a library or museum. Franchise arrangements are the legally binding agreements between franchisors and franchisees that govern the franchise relation. licensing arrangement agreement that allows one party to use and or earn revenue from the property of the owner.

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how did cornelius vanderbilt treat his workers

Answers

Cornelius Vanderbilt did not treat his workers in a good manner. He always tries to make them work hard at a low cost.

Cornelius Vanderbilt is very particular about money matters and he always misbehaves with his servants, and he left most of his wealth for his family. He makes his laborers work for long hours and he pays very little to them.

He also lowered the road lines' price in order to gain more profit in the business to control the power over the market. Because of his market strategy other competitive road lines ran out of the business.

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Fill The Blank ?world foreign direct investment flows between 1990 and 2017 increased by 600 percent. if a company decides to set up a new operation in a foreign country, what the company has been involved with______

Answers

Fill The Blank ? World foreign direct investment flows between 1990 and 2017 increased by 600 percent. if a company decides to set up a new operation in a foreign country, what the company has been involved with Foreign Direct Investment.

Foreign Direct Investment (FDI) is an investment made by a company or entity in one country into business interests located in another country. It occurs when a company invests directly in facilities such as factories, real estate, or equipment in another country.

FDI is a major driver of economic growth and development, providing companies with access to new markets, and allowing them to benefit from lower production costs and increased efficiency.

Over the past three decades, FDI flows have increased dramatically, with global FDI flows increasing by 600 percent between 1990 and 2017. FDI can also bring with it new technologies and management practices, which can help to boost productivity and competitiveness.

FDI can also create jobs and spur economic growth in the host country, as companies establish new operations and hire local workers. Additionally, FDI can help to increase exports, as countries can benefit from new markets, access to resources, and improved access to capital.

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what company has spent the most money on super bowl advertisements of all time?

Answers

Answer:

Budweiser

Explanation:

Budweiser has spent nearly $500 million on Super Bowl ads, according to Statista. This makes Budweiser the Super Bowl's largest commercial partner.

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a ________ is the simplest form of business structure.

Answers

A sole proprietorship is the simplest form of business structure.

A sole proprietorship is a type of business structure in which an individual owns and operates the business. This individual, known as the sole proprietor, is personally responsible for all aspects of the business, including its debts and liabilities. The sole proprietorship does not have a separate legal existence from its owner, which makes it the simplest and most common form of business structure.

Setting up a sole proprietorship typically involves obtaining any required licenses and permits, registering the business with local authorities, and obtaining a tax identification number. In terms of taxes, a sole proprietorship is not taxed as a separate entity, but rather the profits and losses are reported on the owner's personal income tax return.

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Variable manufacturing overhead costs are treated as period costs under both absorption and variable costing.
True
False

Answers

False , Variable manufacturing overhead costs are treated as product costs and are included in the cost of products sold under absorption costing.

This is due to the fact that the cost of the product includes all manufacturing expenses, including both variable and fixed manufacturing overhead. Variable manufacturing overhead costs are treated as product costs under variable costing, just like direct materials and direct labour are. However, as they are considered period costs, fixed manufacturing overhead expenses must be deducted when they are incurred. This is so because only manufacturing expenses that are variable are viewed as being a part of the product's cost, whereas manufacturing costs that are fixed are viewed as being distinct from the product and are therefore handled as period costs.

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According to the Caux Principles for Business, the ethical ideal of kyosei means: living and working together for the common good. True/False?

Answers

True, The Japanese idea of kyosei refers to coexisting peacefully with healthy and just competition while working and living for the common good.

Why did the Caux standards for Proper Business exist in the first place?

The ethical standards for proper business conduct are outlined inside the Caux Rounds Table (CRT) Guidelines for Responsible Business. Free markets are supported by trust and confidence, and the foundation for this trust and confidence is provided by ethical business practises. Kyosei refers to coexisting in harmony for the benefit of everybody, allowing for both fair and competitive marketplace as well as cooperation and mutual success. When it comes to human dignity, each person is valued as an end in themselves rather than as a tool to further the agendas of others.

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a six sigma program has how many defects per​ million?

Answers

A Six Sigma program is a quality management approach that seeks to eliminate defects in processes and improve efficiency. It aims to produce a process that produces no more than 3.4 defects per million opportunities.

The term "defect" refers to any non-conformance or deviation from the desired output or specifications. An "opportunity" refers to the total number of chances for a defect to occur. For example, if a company produces 100 widgets, and each widget has 5 opportunities to have a defect, then the total number of opportunities is 500.

The Six Sigma program uses statistical methods to measure and analyze processes to identify sources of variability and defects. The goal is to reduce variability and achieve a process that operates with a minimum of 3.4 defects per million opportunities.

Achieving Six Sigma status means that the process is highly reliable, and efficient, and produces a high level of customer satisfaction.

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identify each item as an example of either income or wealth.

Answers

Wealth describes the amount of valuable economic goods accumulated at a given point in time, while income measures the amount of money, which is obtained over a given interval of time.

What is the difference between income and wealth?

The following suggestions characterize each item as an example of either income or wealth.

Social Security checks - wealth

Royalty checks for writing a novel - income

Money in a 401(k) account - income

Equity in an owner-occupied home - income

Stocks and bonds - income

Therefore, social security checks are wealth, while Money in a 401(k) account is income.

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The given question is incomplete, so the most probable complete question is,

Identify each item as an example of either income or wealth.

-Social Security checks

-royalty checks for writing a novel

-money in a 401(k) account

-equity in an owner-occupied home

-stocks and bonds

a _________ presentation should be used to sell a product.

Answers

To market a product, a persuasive presentation should be used.

Influencing you to desire to do or think a certain way: a persuasive speaker or speech. Your justifications are strong.

There are many different types of persuasive writings, such as an advertisement tempting you to buy chocolate, a banner urging people to give up smoking, or a vacation brochure luring the reader to visit a specific nation.

To persuade the reader that the writer's opinion, assertion, or claim is true or valid, one uses the persuasive purpose.

Getting someone to agree with you right away. making it simpler to sell or market your products or services. helping you quickly establish rapport with others. Increasing the likelihood that a negotiation will be successful

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The process of preparing a batch report from a point-of-sale terminal is called.
answer choices.
A. Batching Report.
B. Batching Out.
C. Batch Tax.
D. Batch End Shift.

Answers

B) It is referred to as "batching out" or "batch end shift" when a batch report is prepared from a point-of-sale terminal.

A merchant gathers all the transaction information and groups it into a single batch before processing a group of transactions on their point-of-sale terminal. When the batch is finished, the merchant must "batch out" or "end shift," which is the process of finalising the batch and getting it ready for settlement with the payment processor. The point-of-sale terminal generates a batch report during this procedure, which gives a thorough breakdown of all the transactions completed during the batch. The merchant can next check the batch report against their records to make sure all transactions were recorded and that any problems were found. This promotes the integrity of financial reporting and the upkeep of correct data.

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internal control components are built on the foundation of the tone established by top management in its control environment. True or False?

Answers

True. Internal control components are built on the foundation of the tone established by top management in its control environment.

The tone set by top management in its control environment serves as the basis for the internal control elements. The total efficacy of an organization's internal controls greatly depends on the tone that senior management sets.

By fostering a culture of ethics and integrity, top management establishes the tone for the whole business. This entails developing precise rules and processes, outlining compliance expectations, and setting a good example. The overarching framework for the development, implementation, and monitoring of internal controls is provided by the control environment. Top management must create an effective control environment that stresses the value of internal controls, moral conduct, and risk management. Effective internal control elements, such as risk assessment, are established as a result.

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What is the emphasis of quality management?

Answers

The focus of quality management is on making sure that goods, services, and procedures continuously satisfy or surpass the needs and expectations of customers.

Planning, carrying out, and monitoring actions that are intended to deliver high-quality goods or services require a systematic process known as quality management. The objective of quality management is to consistently raise the calibre of goods and services while lowering expenses and boosting productivity.

Typically, quality management includes a number of crucial components, such as:

Quality planning is the process of determining the procedures and resources required to satisfy the needs of the client.Quality control is the practise of observing and evaluating goods and services to make sure they adhere to accepted standards of quality.Quality assurance is the process of ensuring that defined quality standards are met by the produced goods and services as well as the effectiveness of quality control procedures.Continuous improvement is the process of constantly seeking out and putting into practise changes to processes, services, and goods in order to raise their quality and efficiency.

Quality management is crucial for organisations because it enables them to meet consumer expectations and produce goods and services that do so at a lower cost. Increased client happiness, recurring business, and long-term business success can result from this.

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Sooo, I have this assignment in Family and fiance. I don't know where to find the materials to answer this question though. This is the question, of a few at hand.

"Why might a person assume that Ms. White would be doing well financially? Provide a quote from the interview that supports your conclusion in the answer. "

Any help would be appriacted, Thanks.

Answers

Given that Ms. White has a Harvard MBA, a Hopkins master's in international studies, attended Oberlin for her undergraduate studies, and formerly worked for the World Bank, one may presume that she is financially well.

Who was Ms White ?

The comment from the interview that corroborates my thesis is when she was questioned about both her financial situation and her value.

The fact that Ms. White is a well-known figure in the financial industry may lead some people to believe that she is wealthy as a result of her excellent work at the World

She earned a master's degree in international studies from Harvard Business School, and while an undergraduate at Oberlin, she excelled academically and worked for the World Bank.

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The process of getting information into memory is called priming. chunking ... Unlike implicit memories, explicit memories are processed by

Answers

Option c: Encoding. Encoding is the process of transforming data into the formats required for various information processing needs, such as: Compile and run the program.

Data transmission, storage and compression/decompression, application data processing. File conversion.

Encoding has two meanings:

In computer technology, encoding is the process of applying a specific code, such as letters, symbols, or numbers, to data to convert it into its cipher equivalent.

In electronics, coding refers to analog to digital conversion.

Encoding is also used in to reduce the size of audio and video files. All audio and video file formats have a corresponding coder/decoder (codec) program that is used to encode them into the appropriate format and decode them for playback.

Don't confuse encoding with encryption, which hides the content. Both technologies are widely used in networking, software programming, wireless communications, and storage.

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Complete question:

The process of getting information into memory is called

A) priming.

B) chunking.

C) encoding.

D) registering.

E) storing.

for the hr planning process, how should goals be determined?

Answers

The goal-setting process in HR planning should be aligned with the overall goals and objectives of the organization. It is important to involve all relevant stakeholders, including employees and managers, in the process to ensure that everyone is aligned and committed to the goals.

The following steps can be used to determine goals and conduct a situational analysis: This involves evaluating the current state of the organization, including its strengths, weaknesses, opportunities, and threats.

Define organizational goals: Based on the situational analysis, define the overarching goals of the organization, including both short-term and long-term goals.

Align HR goals with organizational goals: HR goals should support the achievement of the organizational goals. This includes identifying specific HR initiatives and programs that will help to achieve the organizational goals.

Involve employees and managers: Encourage employee and manager input to ensure that the goals are realistic, and achievable, and reflect the needs and expectations of the workforce.

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Is the salesperson usually a firms most direct link with the customer?

Answers

Is the salesperson usually a firms most direct link with the customer : TRUE.

Sales are acts that include the selling of goods or the quantity of goods sold over a predetermined period of time. A sale also includes rendering a service in exchange for payment.

The seller or provider of the goods or services completes a transaction when a purchase, appropriation, requisition, or direct interaction with the consumer takes place at the point of sale. A price is agreed upon for which the ownership of the item will pass, and title (property or ownership) of the thing is transferred. The seller frequently completes the deal rather than the buyer, and it could be done before the loan is due.

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in the last decade, fdi inflows directed at developing nations have increased and even surpassed inflows into developed nations for the first time in 2018. which of these developing economies was the recipient of these fdi inflows?

Answers

Foreign direct investment (FDI) inflows have increased recently in several developing countries.

How can it be explained in detail?

The top receivers of FDI inflows in 2018 were, per statistics from the United Nations Conference on Trade and Development (UNCTAD), as follows:

139 billion from China

American economy: $111 billion

$104 billion for Hong Kong

$65 billion - Singapore

Brazil: $64 billion.

$50 billion in the United Kingdom

Dutch economy: $49.billion

Irish economy: $42 billion

$41 billion - Switzerland

$38 billion - India

As you can see, a combination of developed and developing countries came in second behind China as the leading beneficiary of FDI inflows in 2018. It is important to remember that FDI inflows can vary from year to year and that the COVID-19 epidemic has significantly altered global investment trends.

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the increase in total benefit that results from carrying out one additional unit of an activity is thea. benefit.
b. marginal benefit.
c. marginal cost.
d. average benefit.
e. reservation benefit

Answers

Answer:

b. marginal benefit.

Explanation:

what is called amounts to be paid in the future for goods or services already acquired.

Answers

Accounts Receivable is called amounts to be paid in the future for goods or services already acquired.

What is accounts receivable?

The term in accounting that is "accounts receivable" describes the unpaid bills or cash that customers owe a business. The term describes accounts that a company is entitled to get since it has provided a good or service.

Receivables, also known as accounts receivable, are a company's line of credit that typically include terms that call for payments to be made within a somewhat short time frame. A few days to a fiscal or calendar year are usually included.

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what does ngo stand for

Answers

NGO stands for Non-Governmental Organization. These are organizations that operate independently of any government and are typically non-profit. They are often involved in humanitarian or social causes, such as providing aid to those in need or advocating for certain issues.

Examples of NGOs include Oxfam, Doctors Without Borders, and the World Wildlife Fund. Non-Governmental Organization, which is an organization that is not a part of any government but works towards a common goal. NGO's typically work in the fields of human rights, social justice, or environmental conservation.

NGOs are generally funded by contributions from individuals, corporations and foundations, and may receive grants from governments or international organizations. They often rely on volunteers to do the work and may work with other NGOs, government agencies or private companies to achieve their goals.

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____ is the management philosophy and strategy focussed on creating value for the customer by eliminating waste.

Answers

The management philosophy and strategy focused on creating value for the customer by eliminating waste is called Lean Management, also known as Lean Manufacturing or simply Lean.

  Lean manufacturing is an approach that emphasizes on cutting waste in production processes even while enhancing productivity.

Defining value from the perspective of the end user is a key component of lean management. removing all waste from corporate operations.

Process mapping is a lean method for reducing waste that aids in defining an ideal workflow that can get rid of overprocessing. Process mapping, a crucial technique in lean manufacturing, is not just for carrying out production activities. In additional, reporting, signoff, and document control are also included. Sorting garbage into several categories is one of the first ways that lean manufacturing may assist in the elimination of waste. Traditional classifications of waste include flaws, extra processing, overproduction, waiting, inventory, movement, motion, and unutilized talent.              

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which value proposition offers not only higher​ quality, but also confers prestige upon the​ buyer?

Answers

A prestige value proposition offers not only higher quality but also confers prestige upon the buyer.

This type of value proposition appeals to customers who are willing to pay a premium price for a product or service that not only performs well but also conveys status, exclusivity, and prestige to the buyer. Prestige value propositions are often associated with luxury brands and premium products in industries such as fashion, beauty, automobiles, and real estate. In this type of value proposition, the customer is not just purchasing a product or service, they are also purchasing a social status symbol.

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What is the benefit of applying statistical methods to HR forecasting?

Answers

Compared to judgmental methods , they offer forecasts that are a great deal more accurate.

What kind of forecasting techniques are judgmental?

Methods of judgmental forecasting include opinions, subjective probability estimates, and intuitive judgment. When there is a shortage of previous data or when the market is experiencing wholly fresh and unusual situations, judgmental forecasting is applied.

What does the HR forecasting judgemental technique entail?

In predicting future business requirements, judgmental forecasting uses human experience. This information may come from production managers anticipating employee demands or sales managers identifying business expansion. The Delphi techniques are a well-structured approach that may be utilized for judgment forecasting.

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is a chronic condition characterized by widespread pain and tenderness, fatigue, sleep disruption, worsened mental function, and often depression. What is levels of processing in psychology? Which of the following demonstrates how genre is thought of and employed by the film industry itself in producing movies?- A studio decides to stop production of a fantasy film because of its similarity to another movie of the same genre.- A director with no experience shooting Westerns is chosen to helm the production of the biggest Western in the last several decades.- An actor associated in the publics mind with the persona of the tough-talking, no-nonsense private detective is hired to play the latest version of film noir hero Philip Marlowe.- The sets featured in a recent romantic comedy are reused by another with only slight variations.- The current rise in child-oriented movies forces several producers to go with risky, adult-themed scripts in reaction to what they see as a passing fad. 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If the car wash has a demand of 8 cars per hour, what is the utilization of hand dry? percent perce Round your answer to 2 decimal places. If the car wash has a demand of 8 cars per hour, what is the cycle time of the process (minutes)? minutes Round your answer to nearest whole number. Starting from an empty system (and assuming the stations can work independently), how long would it take (minutes) to wash 7 cars? Assume demand is 14 cars per hour. minutes One character in peas that Mendel studied was yellow versus green seeds.A cross between a homozygous yellow line (GG) and a homozygous green line (gg) will result in F1 plants that are heterozygous (Gg) for this trait and produce yellow seeds.Cross between homozygous yellow and green pea plants When an F1 plant undergoes meiosis, what gamete types will it produce, and in what proportions? Use your understanding of Mendels Law of Segregation to label each gamete possibility as "correct" or "incorrect."Gamete Possibilities Correct or Incorrect?O 3/4 Y 1/4 yO 1/2 Y 1/2 yO 1/2 YY 1/2 yO 1/2 Yy 1/2 YyO 3/4 y 1/4 YO 1/2 Y 1/2y Solve for xShow proofsHelp How do I add a juniper router to Eve Ng? 48g of Magnesium reacts with excess oxygen to produce 84g of magnesium oxide. Calculate how much magnesium oxide would be produced if 2g, 10, and 4kg were reacted with excess oxygen. 0.4 Moles of iron reacts with 0.3 moles of oxygen gas. Calculate the formula of the ir oxide produced and write a balanced equation for it. Develop a response to the following prompt, citing evidence from the material you just read to support your response.Evaluate one the New Deal Programs that you read about.What are its benefits? Are there any drawbacks? Is it still in existence today? Could it be improved? If so, how? A trace fossil tells us?O an animal looked likeO what a plant looked likeO how an organism diedO how an organism lived the data for this problem is provided in pokemon.txt and follows the following format. col 1: pokemon id: a unique identifier for the pokemon. col 2: is legendary: a 1 if the pokemon is legendary, and 0 otherwise. col 3: height: the height of the pokemon in meters. col 4: weight: the weight of the pokemon in kilograms. col 5: encounter prob: the probability of encountering this pokemon in the wild grass. note the sum of this entire column is 1, since when you make an encounter, exactly one of these pokemon appears. col 6: catch prob: once you have encountered a pokemon, the probability you catch it. (ignore any mechanics of the actual game if you've played a pokemon game in the past.)def part_a(filename:str='data/pokemon.txt'):"""Compute the proportion of Pokemon that are legendary, the averageheight, the average weight, the average encounter_prob, and averagecatch_prob. What is the definition of risk-averse?