Answer: Dr. Bostwick was able to provide medical services that did not satisfy his own wants, so he exchanged those services for money that he used to buy things that did. Professor Boudreaux had money but desperately wanted a pediatric gastroenterologist to treat his son.
Explanation:
Trade generates value by transferring goods or services from those who value them less to the people who need them more. The only way people can decide to specialize in the making of a single good or service is because they already know they can trade it for other goods they do need.
In the video 'How the Division of Knowledge Saved My Son's Life', Professor Boudreaux explains that it was thanks to Dr. Bostwick specialization on pediatric gastroenterology that his son´s life was saved.
I will assume this is a true or false question. The answer is true. He is an American media official who has held various posts for extensive and powerful organizations and is for the most part credited with building up the Album Oriented Rock arrange utilized by many radio stations the nation over, and in addition helping to establish XM Satellite Radio.
I guess the best option is perceived risk.
When Kia Motors offers a 10-year, 100,000 mile warranty for the Kia Soul automobile, its strategy is to reduce consumers' perceived risk and encourage purchases.
<span>$20.99 is the price of the box of plant fertilizer. Additionally, $20.99 ends up being 16% off the original price since $25 - $20.99 is $4.01, if you then divide $4.01 by $25 you get 0.16, which is 16% when you multiple by 100.</span>
The machines' second-year depreciation under the straight-line method is $26,500.
To determine the depreciation amount using the straight-line method, we have to consider the machine's useful life only as the depreciation basis. The formula used for the calculation is: (Asset value-salvage value)/asset's useful life.