1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Artemon [7]
2 years ago
8

What are five foundations of economics? increasing trade between two countries makes everyone in those countries better off.

Business
1 answer:
geniusboy [140]2 years ago
5 0

The five foundations of trade are:

  • incentives
  • tradeoffs
  • opportunity cost
  • marginal thinking,
  • principle that trade creates value.

<h3>Why do we engage in trade?</h3>

There are five main foundations of trade that are the reason why people engage in trade. One of them is the profit incentive to make money from trade. Another is the tradeoffs that people are forced to make to survive.

Opportunity cost also leads to trade because people give up one thing for another and so may have to sell the thing they gave up to receive the thing they want. There is also the principle which posits that when we trade, value is created. Finally, there is marginal thinking which is thinking along the lines of the benefit of one additional unit.

Find out more on the foundations of trade at brainly.com/question/2710473

#SPJ1

You might be interested in
Only answer if you're willing to assist. I have a project for Entrepreneurship, in which I need to make a powerpoint for a new k
goldfiish [28.3K]

Answer:

y e s

Explanation:

3 0
2 years ago
Read 2 more answers
"A registered representative has a long-term client who works in a bank. The representative tells the client that he wants to bu
nirvana33 [79]

Answer:

None

Explanation:

Before a bank decides on which interest rate placed on loans given to customers, it will have to be a general agreement between the board of directors in an Annual General Meeting (A.G.M). Or else stated otherwise which is quite rare, interest rates on loans and mortgages are based on a simultaneous agreement. When an interest rate is to be decided for a certain customer, his or her credit scores are evaluated to ascertain the loanee's ability to pay back the loan. When a loanee's credit scores are low, he or she tends to receive a high interest rate on loans and mortgages while when a loanee's credit scores are high, he or she tends to receive a low interest rate on loans and mortgages.

On the case of the client who works in a bank granting the registered representative a mortgage with lower interest rates, this cannot be possible because: first, the client's position in the bank was not clarified and secondly, the registered representative's credit scores will be the evaluation report used by the bank to grant that.

7 0
3 years ago
A government intervenes in the marketplace when it believes that the benefits are _____ the costs. greater than less than the sa
Pavlova-9 [17]

I believe the answer is: Greater

For example, let's say that there is a company that make vehicles with no pollutant for the environment.

The government in this situation might provide the company with incentives with the reason that the amount of incentive is smaller compared to the amount of expense that the government had to spend to fix the damage to the environment.

7 0
3 years ago
What are some jobs people with disabilities cannot work?
Vitek1552 [10]

Answer:

depends on the disability

Explanation:

depending on what kind of disability they have, people with disabilities cant do certain things

7 0
3 years ago
At the year-end, Encore Company has a product for inventory that was purchased at a cost of $23. The product's expected selling
allsm [11]

Answer:

$21

Explanation:

As we know that

The inventory should be recorded in the books of accounts by applying the lower value of cost or net realizable value

In the given case

The cost is $23

And, the net realizable value is

= Expected selling price - selling cost

= $36 - $15

= $21

So by comparing the cost and net realizable value, the net realizable value contains the lower value i.e $21 and the same is recorded on the balance sheet for inventory

6 0
3 years ago
Other questions:
  • The kiwanis club sold citrus fruit to raise money for their scholarship fund. a box of oranges costs $21 and a box of grapefruit
    14·2 answers
  • Marilyn sells her highly successful travel agency to Adelle. In the sales contract, Marilyn agrees never to open a travel agency
    12·1 answer
  • Directional Lock Question #5: This investment is bought with the goal of
    14·1 answer
  • 8. A major electronics firm holds various committee meetings to improve employee morale. However, upper management discovers tha
    14·2 answers
  • Zeibart Company purchases equipment for $225,000 on July 1, 2016, with an estimated useful life of 10 years and expected salvage
    7·1 answer
  • teaching a newly diagnosed client about systemic lupus erythematosus(SLE). What statement by the client indicates the teaching w
    11·1 answer
  • Liz and John formed the equal LJ Partnership on January 1 of the current year. Liz contributed $80,000 of cash and land with a f
    8·2 answers
  • A debit in the T-Account for 'Cash' may be balanced by a credit in which of the following?
    10·1 answer
  • You own a portfolio that has $1,720 invested in Stock A and $3,470 invested in Stock B. The expected returns on these stocks are
    12·1 answer
  • f a tenant remains in possession of leased property after the expiration of the lease term, without paying rent and without the
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!