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3 years ago

Do all markets function the same way around the world?

1 answer:

7 0

Well honestly, markets are how people function; markets don’t function, people do.

We speak of the “functioning of markets” as a shorthand, a figure of speech because abstracting human behavior to the behavior of a system is useful, as long as we don’t forget that it is an abstraction and not a real thing.

This is the same when we speak of “the roar of the crowd” even though people roar, not crowds. It just takes too long to write “the noise of the people in the crowd roaring at the same time”.

It is easier to write “the functioning of the market” than “what happens as people interact with each other.” Markets are the interactions of people .

So, do people behave and interact the same way around the world? Obviously not. Are the results the same? Yes they are: people serve each other and, in the process, create wealth. But both wealth and service vary by culture.

If that makes sense... anyway, have a nice night!
~Brooke❤️

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Dave is a salaried employee who works in a gas station. He only earns from his job and has no other source of income. He gets a

Grace [21]

Answer:

In my opinion the most suitable answer is E. increase his sources of income to show a rise in his income after taxes

Explanation:

The reason is he could lower his expenses too, but for how long? Inflation is going to eat his salary away anyway possibly in 5 to 10 years so what Daventry ustock do is to create another source of income so that he is safe. Possibly through investing in income generating assets, real estate and possibly a side hustle! (A small time business)

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3 years ago

Research has found that for many products, including soft drinks, coffee, and cosmetics, consumers are unable to distinguish amo

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The correct answer is routine problem solving. Routine problem solving is being defined as having to associate at least one arithmetic operations or even a ratio in regards to solving problems that are likely to be practical in nature or in the environment.

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3 years ago

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In each succeeding payment on an installment note:

Serggg [28]

Answer:

In each succeeding payment on an installment note:

b. The amount that goes to interest expense decreases.

Explanation:

With each installment settled, the principal amount will continue to reduce and as a result, the amount that will be recognized as interest expense will also decrease. This is because the interest expense is calculated based on the principal amount, which is decreasing with each installment. The interest expense for a previous period will not be the same for the future period.

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3 years ago

Sew much fabrics buys fine linens, silks, and other fabrics from sellers in more than 30 countries to retail to local customers.

Viefleur [7K]

Sew much fabrics is an example of a company that imports.

<h3>What does import mean?</h3>

Import is when a good or service is brought into a country from a foreign country. An example of import is when a person living in the US buys silk from Italy.

Reasons for import

There may be more varieties in foreign countries.
The imported good could be of a better quality.

To learn more about imports, please check: brainly.com/question/26497713

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3 years ago

Which one of the following is NOT likely to be a result of deflation? Question 1 options: Menu costs will increase People will b

suter [353]

Answer:

Wealth will be redistributed from creditors to debtors

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Deflation refers to the general fall in the price level of goods and services when rate of inflation becomes lesser than 0%.

Due to the fall in the price level, goods and services become cheaper, credit providers reduce the quantum of credit provided.

Fall in the prices leads to lower expenditure by the purchasers owing to lower level of confidence and such buyers delay their purchases.

Deflation increases the purchasing power of consumers since at the same level of income, buyers can now buy more compared to previously.

Hence, those who earn fixed pension observe an increase in the value of such pension.

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3 years ago