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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

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Read the following sentence, and determine which technique is most applicable to improve its readability.
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Answer:

The correct option is A. Using numbered or bulleted lists.

Explanation:

EXPLANATION

A. Using numbered or bulleted lists

<em>Use numbered lists when you're explaining instructions that need to be performed in sequence. In situations where numbers are not essential use bullets, especially in business related documents</em>

<em>Bulleted lists are used to make items stand out from the text without implying order of importance. They may include punctuation marks like commas and semicolons</em>

This is the correct answer, use of numbered list. We were told in the question to follow a particular order to fill out an expense report. You begin by writing your name and end by obtaining the supervisor’s signature

B. Using graphic techniques

<em>Graphics are visual elements that can be used to point readers and viewers to a particular information. Graphic techniques are visually engaging in order to attract and inform a large audience. Diagrams and graphs can help learners comprehend abstract concepts using visual language to depict meaning. For instance, in diagrams the connecting lines between elements help learners understand relationships. Bar graphs make it easy to compare data; line graphs help learners understand trends</em>

This option is wrong. The expense report is not a new concept

C. Developing parallelism for balance

Parallelism in literature is the repetition of a word or phrase within a sentence or group of sentences. It is used to help organize ideas, but also to make the ideas memorable.  

This option is also wrong

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3 years ago
Describe at least 3 nonprice competition strategies a company could use to convince customers that its product is better than ot
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3 years ago
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Explanation:

8 0
3 years ago
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For financial reporting purposes, cash generally includes currency and other items that are payable on demand, such as checks, m
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Answer:

The statement is: True.

Explanation:

For accounting purposes, cash is defined as every monetary instrument that can easily be converted into actual cash. Those instruments can be <em>coins, currency, checks, money orders, bank drafts, </em>or <em>Certificates of Deposit (CD), </em>to mention a few. In its most basic essence, cash is the default medium of exchange for goods and services to be traded.

6 0
3 years ago
On January 1, Year 3, Wayfarer Co.'s assets were $330,000 and its stockholders' equity was $146,000. During the year, assets inc
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Answer:

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Explanation:

The basic accounting equation states that Assets are always equal to the sum of Liabilties and Equity.

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The closing balance of Stockholder's equity at Dec 31 Year 3 is:

348000 = 168000 + Equity

Equity = 348000 - 168000 = $180000

8 0
3 years ago
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