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]
1 year 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]1 year 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
What is bank interest​
Fynjy0 [20]

Bank interest is when you leave money in the bank for saving purposes. Then the money stays in the bank and you get money for keeping your money in the bank.

3 0
2 years ago
Read 2 more answers
RJ Miller Manufacturing Company produces a product that sells for $120. A selling commission of 10% of the selling price is paid
djverab [1.8K]

Answer:

$48

Explanation:

Contribution = Sales - Variable Costs

where,

Sales = $120

Variable Costs = $120 x 10% + $60 = $72

therefore,

Contribution = $120 - $72 = $48

The contribution margin per unit is: $48

6 0
2 years ago
CAN SOMEONE PLEASE HELP ME????
Vikentia [17]

Answer:

1.D

2.D

Hope this helps

7 0
2 years ago
Joyce’s office building was destroyed in a fire (adjusted basis of $350,000; fair market value of $400,000). Of the insurance pr
professor190 [17]

Answer:

$10,000 gain

Explanation:

The computation of recognized loss or gain is shown below:

= Insurance proceeds amount - adjusted basis

= $360,000 - $350,000

= $10,000 gain

So, it would have a recognized gain of $10,000 by considering the amount of insurance proceed and adjusted basis. We ignore all other information which is given in the question

3 0
2 years ago
Carol has worked for Centrum Springs, Inc., for many years and has now been given the opportunity to advance in the company. Her
levacccp [35]

Answer:

controlling, organizing, planning, and leading

Explanation:

From the question we are informed that Carol's manager is retiring and she will take over. And she will take over management position. Carol needs to have a general understanding of what it takes to be a manager. Therefore in this case, She will need to have knowledge about ✓controlling

✓organizing

✓planning

✓ leading

And all of these are managerial function which are managerial job role as regards to task-based perspective.

Organizing can be regarded as function of management which requires development of organizational structure as well as allocation of human resources so that objective of organization can be met

Planning which requires the manager to create plans so that goals and objectives can be achieved. It involves

delegation of responsibilities, allocation of employee resources

7 0
2 years ago
Other questions:
  • According to the theory of the firm, what is one of the most important decisions that all firms must make?
    15·1 answer
  • etrus Framing's cost formula for its supplies cost is $1,760 per month plus $10 per frame. For the month of March, the company p
    15·1 answer
  • Desertification is thought to be principally due to
    8·1 answer
  • Job-Order Costing and Decision Making [LO2-1, LO2-2, LO2-3]
    5·1 answer
  • Below is selected financial information for Panettone, Inc. Balance Sheet ($ in Millions) Income Statement ($ in Millions) Asset
    13·1 answer
  • Robert is a wealthy businessman who wishes to purchase a particular property. realizing that the price might become inflated if
    9·2 answers
  • An investment advisory firm does its own research, using a group of dedicated employees and has a separate staff of investment a
    5·1 answer
  • distributable net income (DNI) for the Sampson estate is $20,000, including $3,000 of tax-exempt interest income. If the executo
    8·1 answer
  • if the inflation rate is positive, purchasing power is _______. The situation is reflected in the ______ rate of return on an in
    5·1 answer
  • Firms will generally make-to-order when
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!