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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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PLZ ANSWER!!!! BRAINLIEST LOTS OF POINTS PLZPLZPLZ 2. Saujani describes that women are highly underrepresented in STEM careers.
Westkost [7]

Greetings friend, I would love to try my best for female to get more confidence in STEM careers.

First they need to realize that they are in male dominante field.

Second they should try and achieve something man can not do and show them quality over quantity of tasks done.

Also I would suggest to create more female centric teams ( 6 female 3 male = team ) just for the sake of experiment and see the results. If you create study of this type let me know the results please. Probably males will try to impress them and do 130% of power just to show off and female will control them and situation in global.

This is my honest opinion. Females are our Muses and they have special place in our hearts and minds, but they can be independent and achieve more just if they have light that leads them right way. Best wishes <3 I hope I was helpfull.

Regards,

Ђорђе

3 0
4 years ago
On October 1st, a company borrowed $60,000 from Eighth National Bank on a 1-year, 7% note. If the company's fiscal year ends on
ExtremeBDS [4]

Answer:

Interest payable $1,050

Explanation:

Based on the information given F the company's fiscal year ends on December 31st, Hillsmith should make a year-end adjusting entry to increase: INTEREST PAYABLE $1,050

Interest payable $1,050

(7%*60,000*3/12)

(October 1st December 31st=3 months)

8 0
3 years ago
Suppose the Fed decides it needs to pursue an expansionary policy. Assume people hold no cash, the reserve requirement is 50 per
DENIUS [597]

Answer:

Because the current money multiplier is <u>2</u>, the Fed would <u>BUY $500,000</u> worth of bonds, <u>INCREASING</u> the monetary base and so increasing the money supply by $1 million.

Explanation:

if the Fed wants to increase the money supply by $1 million, then it would need to purchase US securities worth $500,000. The formulas used to calculate the impact of the Fed's operations are:

increase in money supply = additional funds x money multiplier

  • money multiplier = 1 / reserve ratio = 1 / 50% =  2
  • desired increase in money supply = $1 million

$1,000,000 = additional funds x 2

additional funds = $1,000,000 / 2 = $500,000

6 0
3 years ago
Woody Corp. had taxable income of $8,000 in the current year. The amount of MACRS depreciation was $3,000, while the amount of d
Andrew [12]

Answer:

Option C $10,000

Explanation:

Taxable income is $8000 and the tax allowable depreciation (MACRS) is $3000. To arrive at accounting income we have to deduct Tax allowable depreciation from the taxable income and add the accounting depreciation which is $1000.

This implies:

Accounting profit = Taxable Income + Tax allowable depreciation - Tax disallowed expense + Tax disallowed income

By putting values we have:

Accounting profit = $8000 + $3000 - $1000 = $10,000

8 0
3 years ago
If some of a person's wealth is in cash, it follows that Select one: a. this person's monetary wealth will change as the price l
kvasek [131]

Answer:

The answer is A.

Explanation:

If a person's wealth is in cash, price level changes in the economy will definitely affect the his monetary wealth.

Price level changes arise as a result of inflation. Increase in general price level in the economy will reduce the purchasing power of the cash. For example, a good that used to sell for $2, it now goes for $5.

And if there is decrease in general price level, the purchasing power of the cash will increase.

8 0
4 years ago
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