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Harman [31]
3 years ago
9

How does voluntary exchange promote economic progress? Explain three separate reasons.

Business
1 answer:
o-na [289]3 years ago
8 0

Answer:

There are three major reasons why trade is productive—why it increases the wealth of people. First, trade channels goods and services to those who value them most. ... Second, exchange permits trading partners to gain from specializing in the production of those things they do best.

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What is the argument in this formula? =AVERAGE(B11:H14) AVERAGE H11 B11:H14 B11
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The Answer is D. B11:H14

Explanation:

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3 years ago
Which of the following statements is true?
VashaNatasha [74]

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B. Mass communication has cost advantages for firms in consumer goods industries that are trying to sell to a large segment of the market.

5 0
3 years ago
At the end of January of the current year, the records of Donner Company showed the following for a particular item that sold at
Korvikt [17]

    Average     FIFO         LIFO                   Specific        

                                                                                              Identification

Sales                             $ 3,840      $3,840       $3,840              $ 3,840                        

Less: Cost of                 2,256         2,040         2,560                 2,060

Goods Sold

Gross Profit                  $ 1,584        $1,800       $1,280               $ 1,780      

The income statement shows a company's expenses, income, gains, and losses, which can be put into a mathematical equation to arrive at the net profit or loss for that time period.

The balance sheet and income statement represent important information regarding the financial performance and health of a business. An income statement assesses the profit or loss of a business over a period of time, whereas a balance sheet shows the financial position of the business at a specific point in time.

The income statement presents revenue, expenses, and net income. The components of the income statement include revenue; cost of sales; sales, general, and administrative expenses; other operating expenses; non-operating income and expenses; gains and losses; non-recurring items; net income; and EPS.

Learn more about Income statements here brainly.com/question/24498019

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8 0
1 year ago
How many dollars would it cost to buy an edinburgh woolen mill sweater costing 50 british pounds if the exchange rate is 1.50 do
WITCHER [35]

The amount of  dollars that  it would cost to buy an edinburgh sweaters if the exchange rate is 1.50 dollars per one british pound is: $75.

<h3>Dollar amount to buy an buy an edinburgh woolen mill </h3>

Using this formula

Dollar amount=Cost of woolen mill sweater×Exchange rate

Where:

Cost of woolen mill sweater=50 pounds

Exchange rate=1.50 dollars

Let plug in the formula

Dollar amount=50×$1.50

Dollar amount=$75

Inconclusion the amount of  dollars that  it would cost to buy an edinburgh woolen mill sweater is $75.

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4 0
2 years ago
Evaluating your results is important because it helps you to ________. a. Prevent future problems from occurring b. Implement yo
exis [7]

Answer:

all of the above.

Explanation:

8 0
3 years ago
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