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jok3333 [9.3K]
3 years ago
12

The first benefit of trade given in Chapter 2 is that "trade makes people better off when preferences differ." How does the stor

y of Professor Boudreaux and Dr. Bostwick demonstrate this?
Business
1 answer:
Bess [88]3 years ago
7 0

Answer:  Dr. Bostwick was able to provide medical services that did not satisfy his own wants, so he exchanged those services for money that he used to buy things that did. Professor Boudreaux had money but desperately wanted a pediatric gastroenterologist to treat his son.

Explanation:

Trade generates value by transferring goods or services from those who value them less to the people who need them more. The only way people can decide to specialize in the making of a single good or service is because they already know they can trade it for other goods they do need.

In the video 'How the Division of Knowledge Saved My Son's Life', Professor Boudreaux explains that it was thanks to Dr. Bostwick specialization on pediatric gastroenterology that his son´s life was saved.

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A company purchased factory equipment on January 1, 2019 for $160,000. It is estimated that the equipment will have a $20,000 sa
Evgen [1.6K]

Answer:

10000

Explanation:

6 0
3 years ago
What happens when the Federal reserve buys a treasury bond
alukav5142 [94]

Answer:

If the Federal Reserve buys bonds in the open market, it increases the money supply in the economy by swapping out bonds in exchange for cash to the general public. Conversely, if the Federal Reserve sells bonds, it decreases the money supply by removing cash from the economy in exchange for bonds.

7 0
3 years ago
Courts can enforce...<br><br> A. Defense <br> B. LLC<br> C. Contracts<br> D. Partnership
Anni [7]
LLC i think that’s the answer
7 0
3 years ago
High Country Apparel signed a $75,000, two-year, interest-bearing, 5% note on October 1, 20XX. The maturity value of the note is
Ket [755]

Based on the information given the maturity value of the note is: $82,500.

Using this formula

Maturity value of note=Principal amount+(Principal amount× Number of year× Interest rate)

Where:

Principal amount=$75,000

Number of year=2 year

Interest rate=5% or 0.05

Let plug in the formula

Maturity value of note=$75,000+($75,000×2 year×0.05)

Maturity value of note=$75,000+$7,500

Maturity value of note=$82,500

Inconclusion  the maturity value of the note is: $82,500.

Learn more about maturity value of note here:brainly.com/question/24374294

4 0
2 years ago
__________ is buying products from another country.
lisov135 [29]

The correct answer is (b) importing.

importer is buying products from another country.

<h3>What Exactly Is an Import?</h3>

An import is an item or service purchased in one nation but manufactured in another. The two pillars of global trade are imports and exports. if a nation's imports are more than its exports in value.

Free-trade agreements and a reliance on imports from nations with less expensive labor frequently appear to be the main causes of the reduction in manufacturing jobs in the importing country. Free trade makes it easier to import products and raw materials from regions with less expensive labor costs, which lessens the need for domestically produced items. Between 2000 and 2007, the effects on manufacturing jobs were noticeable, and the Great Recession and the subsequent slow recovery only made matters worse.

To know more about import and export visit:

brainly.com/question/1060159

#SPJ4

3 0
1 year ago
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