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.
1. False, a debit card charges your checking account while a credit card is a loan from the bank.
2. True, they are both ways of quickly purchasing an item.
3. True, a debit takes from the checking.
4. False, the debit card would be rejected unless your account uses overdrafting.
5. False, a credit card a securing a loan.
6. False, a debit card can withdraw cash from an ATM as well as quickly purchase items from almost any store.
7. True, debit cards are linked directly to the bank and its less hassle than a check. A check requires the business to contact the bank for the information before the check is accepted or denied.
8. True, a thief can use the debit card without proof of identity. In some instances they would need to provide your PIN but in most circumstances they can purchase items under the debit cards name.
9. True, keeping keep of spending is important if you have a debit card. If you don't keep track of your spending you wont know when that card will be rejected.
Hope this helped with finances!
The combination is on the consumer's budget line. is Option B. 5A and 6B.
The budget line is a graphical delineation of all possible mixtures of the 2 commodities that can be bought with provided profits and price in order that the charge of each of these combos is equal to the financial income of the patron.
In economics, a budget line constraint represents all of the mixtures of products and services that a customer may also buy given modern-day expenses within his or her given earnings. consumer idea makes use of the principles of a budget constraint and a desire map as equipment to observe the parameters of purchaser choices.
A consumer has an income = of $16
A = $2
B = $1
The sum of the total will be less than $16
Hence. option B 5A and 6B.
Learn more about the budget line here:-brainly.com/question/14524034
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Disclaimer: your question is incomplete, please see below for the complete question.
A. 6A and 5B
B. 5A and 6B.
C. 5A and 5B
D. 4A and 6 B
