1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
padilas [110]
3 years ago
5

A baseball fan with a Mike Trout baseball card wants to trade it for a Giancarlo Stanton baseball​ card, but everyone the fan kn

ows who has a Stanton card​ doesn't want a Trout card. Economists characterize this problem as a failure of the___________.
A. principle of a double coincidence of wants.
B. theory of comparative advantage.
C. irrational exuberance doctrine.
D. market clearing mechanism
Business
1 answer:
weeeeeb [17]3 years ago
3 0

Answer:

The correct answer is option A.

Explanation:

The double coincidence of wants or coincidence of wants refers to the situation where two parties possess items that the other one wants so they exchange it directly without using money.  

Here, a fan possesses a Mike Trout baseball card who wants to trade it for a Giancarlo Stanton baseball​ card but he does not know anyone who wants a Trout card and possesses a Stanton card.  

Simply put, the fan doesn't know anyone who possesses the item he wants and is willing to trade it for the item he possesses. This is an example of failure in the double coincidence of wants.

You might be interested in
As a person engaged in the image business, the impression you project consists of your outward apperance the conduct you exhibt
MissTica

Answer:As a person engaged in the image business, the impression you project consists of your outward apperance the conduct you exhibt in the workplace is known as

Explanation:j

7 0
3 years ago
All of the following is true about CRM, or Customer Relationship Management except:______.
Rzqust [24]

Answer:

B

Explanation:

The purpose of CRM is not to replace the human resource department.

3 0
2 years ago
Decreasing taxes can stimulate the economy by
just olya [345]

Decreasing taxes can stimulate the economy by putting more money in the circulation or by boosting the spending .The tax cuts stimulate the economic growth only in the short-term.

Explanation:

Due to an decrease in tax the after tax income of an individual increases which is used by individuals to buy more product and services.Thus reduced tax rates leads to an increase in  saving and investment, which leads to an  increase in  the productive capacity of the economy as a whole

5 0
3 years ago
An owner withdrawal of $20,000 would: A. decrease owner’s equity and increase assets by $20,000. B. increase owner’s equity
ch4aika [34]

Answer:

C)  increase liabilities and assets by $20,000.

Explanation :

Any financial transaction affects both assets and liability equally. If asset is increased , liability also is increased and vice-versa.

In the given problem , Option  A and option B states that while one increases , other decreases. which is not possible .

So option C is correct.  

6 0
3 years ago
Bad research is the cause of many marketing failure​
-BARSIC- [3]

Completely True!

better say that the Person is late to do Researches!!

8 0
3 years ago
Other questions:
  • Computing the terminal-year FCF: Miles Cyprus Corp. purchased a truck that currently has a book value of $1,000. If the firm sel
    13·1 answer
  • a manufacturing plant averaged $740 of raw materials .$320 of work in process inventory and $1010 of finished goods inventory du
    9·1 answer
  • Purchase-Related Transactions The Wheatland Company purchased merchandise on account from a supplier for $16,800, terms 1/10, n/
    13·1 answer
  • Lilly's team had trouble keeping up with all the changes being made to the
    15·2 answers
  • Swifty Corporation's allowance for uncollectible accounts was $187500 at the end of 2017 and $180500 at the end of 2016. For the
    9·1 answer
  • Assume that the building the company wants to build is a manufacturing plant and that it was going to be built in a semi-residen
    11·1 answer
  • Assume both portfolios A and B are well diversified, that E(rA) = 13.4% and E(rB) = 15.0%. If the economy has only one factor, a
    12·2 answers
  • Why should employees review their hiring process
    5·1 answer
  • Please answer the questions in the image. This is so frustrating....
    13·1 answer
  • Is interest on loan an expense or a liability....Please help​
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!