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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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A client who owns an online running shoe store wants to drive sales of a particular model of women's running shoes. What keyword

Mrrafil [7]

Answer:

Brand name, Running, Comfortable, Resistant, Trendy, Heavy duty, Best seller (In case it is)

Explanation:

I would use words that highlight the brand, use, benefits and attributes of that particular model, such as:

Brand name, Running, Comfortable, Resistant, Trendy, Heavy duty, Best seller (In case it is),

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3 years ago

Consider the market for running shoes. draw a firm's average total cost curve with no advertising. label it atc0. draw the fir

Anarel [89]

I believe it’s b..... hope this helps pls tell me if I’m wrong! <3

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3 years ago

Correl Corporation has provided the following data concerning an investment project that it is considering: Initial investment $

Marianna [84]

Answer:

A. $38,500

Explanation:

The net present value is the present value of after tax cash flows from an investment less the amount invested.

Npv can be calculated using a financial calculator.

Cash flow in year 0 = $-190,000

Cash flow each year from 1 to 3 = $75,000

Cash flow in year 4 = $75,000 + $25,000 = $100,000

I = 15%

NPV = $38,417.21

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

6 0

3 years ago

explain the difference between a change in quantity demanded and a change in demand. Provide a real world example of a factor th

Zina [86]

Answer:

A change in quantity demanded is caused by a change in price only. That is, when price rises quantity demanded falls vise versa

A change in demand occurs when there is a shift in the demand caused by a change in other determinates of demand other than price such as change in income, change in taste and fashion, demographic changes etc.

Explanation:

Real word example of change in demand :

Changing Tastes or Preferences

From 1990 to 2020, the per-person consumption of chicken by Americans rose from 48 pounds per year to 85 pounds per year, and consumption of beef fell from 77 pounds per year to 54 pounds per year, according to the U.S. Department of Agriculture (USDA). Changes like these are largely due to movements in taste, which change the quantity of a good demanded at every price: that is, they shift the demand curve for that good, rightward for chicken and leftward for beef.

Simply put it this way> Change in quantity demanded : Price change, quantity demanded change

Change in Demand: Price doesn't change but quantity demanded changes as a result of change in other determinates of demand examples the change in preference

6 0

3 years ago

Tire production in the United States has been on the decline, in both absolute and relative terms. Imported tires are replacing

Helen [10]

Answer:

B. No, because the efficiencies gained from exploiting comparative advantage generate more winners than losers.

Explanation:

Everything has its all pros and cons. When international trade takes place, people in the economy are happy, because of wide variety and options given.

Further the traders, manufacturers also tend to grow as due to competition they improve with the quality standards, designs, variations, etc:

Competition forces to excel in any kind of job you do. And that only the best players and performers stay in the market.

This is the advantage, of such international trades.

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3 years ago