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3 years ago

If an economist argues that everyone gains from trade, what reasoning is most likely underlying her argument?

Business

1 answer:

mylen [45]3 years ago

4 0

Answer:

If an economist argues that everyone gains from trade, the following reasoning is most likely underlying her argument:

Production according to the principle of comparative advantage lowers overall costs and therefore allows both countries to have a higher standard of living.

Explanation:

The comparative advantage refer to the situation in which an individual, company or a country offers its services and products at a lower rate as compared to its competitor. This leads to trade-off as you have to comprise for the gain of something.
This comparative advantage also increase the dependencies of nations or companies on each other.
For example, England and Portugal has benefited from this comparative advantage concept as England get the wine at lower cost from Portugal and Portugal also get earning by selling this wine to England.

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Brainliest! What three institutions influence economics the most? Explain how each influences economics and provide examples of

Mandarinka [93]

Hiya!
The answer would be political, legal and social institutions.
1.) Political: Political institutions create and enforce laws, which help the growth of economics.

2.)Legal: Legal institutions is human behavior, which helps the economics have humanly effects.

3.)Social: Social institutions consists of a group of people who come together for a common purpose
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3 years ago

Read 2 more answers

The purpose of planning is setting goals and formulating operational plans to achieve those goals. Managers spend a great deal o

Ivanshal [37]

Answer:

e. program project

Explanation:

programming a project helps you to build a framework for timely executions of plans turning operational plans into goals

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3 years ago

When early settlers needed to buy farming equipment and supplies, they often would use the milk, eggs, and crops their farms pro

Tasya [4]

Answer:

The correct answer is A)

Explanation:

There is no good or service that is unlimited.

The concept of the Barter system was simply a method of exchanging value for value.

It was phased away due to several reasons:
It was not a good store of value as many of the goods were perishable
it didn't make for good administration: It was too cumbersome and problematic. Imagine having to store three trailers of eggs awaiting a barter exchange

Cheers!

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3 years ago

The State of Alabama Board of Tourism ran a series of ads showing traditional families enjoying various attractions in the state

horrorfan [7]

Answer:

B) demographic

Explanation:

Demographic segmentation refers to defining (or segmenting) a specific target market based on demographic variables such as gender, age, income, family status, marital status, education, ethnicity, religion, etc.

Since the Alabama Board of Tourism showed "traditional" families, it is obviously targeting families with their adds, and family status is one of the demographic variables.

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3 years ago

Which statements indicate that Rick’s company is a limited liability company? Rick Douglas is a bright and passionate lighting d

uranmaximum [27]

The statements are:

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The $5 million dollar villa is protected from business liabilities unless the liability is incurred through wrongful acts.

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3 years ago