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Grace [21]
3 years ago
6

What is trade in economics​

Business
2 answers:
NeTakaya3 years ago
6 0

Answer:

Trade is a basic economic concept that involves  the buying and selling of goods and services, in which compensation is  paid by a buyer to a seller, for goods or services or the exchange of goods or services between parties(which is known as trade by barter )

Explanation:

sp2606 [1]3 years ago
4 0

Answer: Trade means we give some thing  for some thing else

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2. Fiscal policy Suppose a hypothetical economy is currently in a situation of deficient aggregate demand of $32 billion. Four e
Umnica [9.8K]

Answer:

For the Economist A the spending multiplier  is = 8, the tax multiplier = 4, the increase in spending is = $4 billion, the tax cut is = $8 billion.

For the Economist B, the spending multiplier is =4, the tax multiplier = 2, the increase in spending is = $8 billion, the tax cut is = $16 billion.

Explanation:

Solution

Given that:

(1)The Economist A

The Spending multiplier = 8

In closing the output gap of $32 billion, required increase in spending = $32 billion / 8 = $4 billion

Thus,

The tax multiplier = 4

To close output gap of $32 billion, required decrease in tax = $32 billion / 4 = $8 billion

(2)The Economist B

Now,

The spending multiplier = 4

To close output gap of $32 billion, required increase in spending = $32 billion / 4 = $8 billion

So,

Tax multiplier = 2

To close output gap of $32 billion, required decrease in tax = $32 billion / 2 = $16 billion

8 0
2 years ago
There would be other changes, too. The "cola wars" were escalating [in the 50s and 60s], and there was a new, all powerful weapo
Tresset [83]

Answer:

The correct answer is: television.

Explanation:

The "Cola Wars" refers to the increasing competition between worldwide known soft drinks Coca-Cola and PepsiCo during the 50s and 60s. Those decades were characterized by rapid changes in the world and the soda business was not left behind. In those years,  a powerful source for marketing was introduced: the television. This boosted propaganda for the drinks of the two companies.

7 0
2 years ago
A consumer products company produces inexpensive goods in underdeveloped markets, then repackages them as cost-effective innovat
Sholpan [36]

Answer:

FALSE.

Explanation:

When a consumer products company produces inexpensive goods in underdeveloped markets, then repackages them as cost-effective innovations for Western buyers. This is not an example of glocalization because glocalization is the term which is the combination of two terms; localization and globalization. In glocalization, global products are offered to the customers with the local modifications. For example, Pizza Hut has launched Tikka Pizza, Behari Pizza and Achari Pizza in India and Pakistan, which is the perfect example of glocalization. Putting it simply we can say that "thinking globally and acting locally."

3 0
3 years ago
You just heard that a​ well-known manufacturer in a different industry segment is going to enter your market with a product that
raketka [301]
<span>You should make sure that everything on your side is in place to go against the new competition. You should be on the same page as your supplier to make sure your supplies are sent on time and complete. You should make sure your consumers are satisfied to prevent them from going to the new competition. Overall, your goal should be to maintain your consumers and suppliers.</span>
4 0
3 years ago
Eva, the owner of eva's second time around wedding dresses, currently has five dresses to be altered, shown in the order in whic
AlladinOne [14]
The correct answer is 2.2 hours.

I<span>f Eva uses the earliest due date priority rule, the order of the dresses will be as follows: W (1 hour processing time, 1 hour due); Y (2 hrs processing time, 3 hrs due); V (3 hrs processing time, 5 hrs due); Z (5 hrs processing time, 7 hrs due); X (4 hrs processing time, 9 hrs due).</span> 

It's easier to do the next step using real numbers. For example, if it's 11am now and W is due in 1 hour, then W is due at noon. If Y is due in 3 hours, then Y is due at 2pm, etc. Then, you need to use the processing time to see how long it will take to make the dresses. For example, since W takes one hour to process, it will be done by noon, its due date. 

This means that W and Y will be altered on time, V will be 1 hour late, Z will be 4 hours late, and X will be 6 hours late. To find the average tardiness, add these extra hours (1+4+6) = 11, and divide by the total number of dresses (even the ones that weren't late) 5: 11/5 = 2.2 hours.
8 0
3 years ago
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