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Dafna1 [17]
3 years ago
6

Suppose you own a bicycle but haven't found the time to ride it much lately. These days, it is only worth $45 to you. One of you

r close friends, who recently got a job at the college bookstore two miles down the road, wants to take it off your hands. He offers you $70 for the bicycle, and you gladly accept. Your friend is also happy because he thinks the bicycle is worth $103 .
Business
1 answer:
ch4aika [34]3 years ago
3 0

Answer: The total value created from the trade is $58

Explanation: The value created by me is $25 as I sold for $70 a bicycle worth $45 to me. That is $70 - $45 = $25.

On the otherhand, my friend created a value/gain of $33. He bought the bicycle for $70 but the worth to him is $103. That is, $103 - $70 = $33

In essence, the total value created will be the summation of the value created by me and that of my friend

That is, $25 + $33 = $58

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Answer: B. CONFLICT PERSPECTIVE

Explanation:

CONFLICT PERSPECTIVE

This theory which was opined by Karl Marx suggests that society keeps competing for limited resources and as such is in continuous conflict.

According to this theory, individuals and groups within society work to maximize their benefits and hold onto wealth by any means necessary including the disregard of the health and safety of athletes in this scenario.

4 0
3 years ago
What are some of the ways in which the government is involved in the economy? what are the advantages and disadvantages of gover
ArbitrLikvidat [17]
The government can control tariffs and can limit how much can be imported into the usa.
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5 0
3 years ago
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Consumption spending is $4.5 billion, gross private domestic investment is $3 billion, and government expenditures are $2 billio
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Answer:

exports are $15 billion, and imports are $10.5 billion

Explanation:

GDP is the sum of all final goods and services produced in an economy within a given period which is usually a year.

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I hope my answer helps you

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Answer:

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