What are gains from trade? What is the primary benefit of trade? Why is the idea that
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
Gains from trade are the result of having everyone do what is ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
What is the primary benefit of using a holding corporation to hold investments in the shares of other corporations, rather than holding those investments personally?
-
The primary benefit of using non-statistical sampling is that a. It generally results in a smaller sample size. b. It removes the need to consider allowance for sampling risk. c. It is simpler to...
-
5. What's the primary benefit of being prequalified for a mortgage? A). Helps with the moving expenses B). Ensures that you're looking only at homes you can afford C). Eliminates the need for earnest...
-
Refer to the situation described in P 192. Assume Pastner measures the fair value of all options on January 1, 2021, to be $4.50 per option using a single weighted-average expected life of the...
-
What is the difference between a one-tail test and a two-tail test?
-
Modest Mouse SE had the following information related to an account receivable from Counting Crows Inc. Initial face value, 22,000; payments received, 3,000; provision for uncollectibility, 5,000....
-
What factors, other than the ones identified above, could account for the decline in union membership in recent years?
-
Rene Ritter opened a small grocery and related-products convenience store in 1989 with money she had saved working as an A&P store manager. She named it Ritter Dairy and Fruits. Because of the...
-
Determine the stretch of each spring for equilibrium of the 14-kg cylinder in (Figure 1). Determine the stretch of spring AB. Express your answer to three significant figures and include the...
-
Ace Companys income statements for the three years 2012, 2011, and 2010 are given below (all amounts in $ millions): 1. Other income (expense) comprised the following: 2. In 2012, cost of goods sold...
-
Explain why flexible exchange rates allow a country to have independence for its monetary policy and fixed exchange rates do not.
-
What is the difference between absolute advantage and comparative advantage? How can a less developed country like Mexico have a comparative advantage relative to the US? Discuss.
-
What is meant by the terms soil texture and loam, and where would you expect to find soils of sandy texture? Does texture have anything to do with moisture or fertility in soils?
-
Given the series ne" and the function f(x) = xe*: n=2 (a) Compute f(x) dx and [, f(x) da. (b) In a print statement, state your conclusion about the convergence or divergence of the series based on...
-
Local company determines the following demand function during early summer for tomato plants: Q=D(x)=2x+30/x+2 where Q is the number of plants sold per day when the price is x dollars per plant....
-
Define bad debts. Analyze the factors that contribute to bad debts. Describe what is included and excluded in bad debts. Describe potential impacts of bad debts on other consumers.
-
A car with wheels of radius 0.380 m is driving 15.8 m/s. What is the angular velocity of the wheels? (Unit = rad/s)
-
A major textbook publisher has a contract with a printing company. Part of the contract stipulates that no more than 5 percent of the pages should have any type of printing error. Suppose that the...
-
If BAC = $12,000 and CPI = 0.8, then the variance at completion is: A. $3,000 B. +$2,000 C. $3,000 D. $3,000
-
7. Baladna wants to analyze process that includes delivery by suppliers, production inside the company, transportation to to its customers and information systems. Then it also wants to find out...
-
You have found a magic lamp on the beach. The genie in the lamp is a mathematician, and she has decided to fill a bag with rocks in the following way: she tossed a fair coin repeatedly until she got...
-
a. Freds Hardware and Hobby House expects its sales to increase at a constant rate of 8 percent per year over the next three years. Current sales are $100,000. Forecast sales for each of the next...
-
Metropolitan Hospital has estimated its average monthly bed needs as N = 1,000 + 9X where X = time period (months); January 2002 = 0 N = monthly bed needs Assume that no new hospital additions are...
-
Stowe Automotive is considering an offer from Indula to build a plant making automotive parts for use in that country. In preparation for a final decision, Stowes economists have been hard at work...
-
In Country A, the population mean height for 3-year-old boys is 39 inches Suppose a random sample of 15 3-year-old boys from Country B showed a sample mean of 38.6 inches with a standard deviation of...
-
what ways does cultural diversity serve as a catalyst for creativity, innovation, and cross-cultural fertilization, enriching intellectual discourse, fostering intercultural dialogue, and challenging...
-
How can participatory approaches to cultural policymaking, grassroots cultural initiatives, and community-based cultural development projects empower marginalized cultural groups, amplify their...
Study smarter with the SolutionInn App