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Len [333]
3 years ago
7

People in the U.S. state of Iowa eat both corn and potatoes. It is technically possible for farmers to grow both corn and potato

es in Iowa, yet almost no farmers grow potatoes. Instead, every year, Iowa exports corn and imports potatoes from the U.S. state of Idaho, where farmers specialize in potatoes. Which of the following principles of economic interaction best describes this scenario?
A) When markets do not achieve efficiency, government intervention can improve overall welfare.
B) Trade can make everyone better off.
C) There is a tradeoff between equity and efficiency.
D) All costs are opportunity costs.
Business
1 answer:
ad-work [718]3 years ago
0 0

Answer: The correct answer is "B) Trade can make everyone better off.".

Explanation: <u>The principle that says that Commerce can make everyone better is the one that best describes this scenario.</u>

This happens because each state in question will specialize in what is most efficient. At the same time, the rest of the products in which they are most inefficient in terms of production will be imported.

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Cine Creation sold plant assets at a $ 16 comma 000 loss. Where on the statement of cash flows should Cine Creation report the s
Vanyuwa [196]

Answer:

1. On the statement of cash flow record the sale of the asset under the investment section.

2. -$16,000

Explanation:

In Cash flow Statements every asset purchases and sales are viewed as investments, so you record asset sales in the investment section of the cash flow.

Therefore the exact value of the sales is recorded.

8 0
3 years ago
The wet dog surf company borrows $32,000 for 4 months and will pay $1,120.00 interest . calculate wet dog's annual percentage in
Hunter-Best [27]
The formula is
I=prt
I interest paid 1120
p principle 32000
T time 4/12
R annual percentage interest rate?
Solve for r
R=I÷pt
R=1,120÷(32,000×(4÷12))
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R=10.5%
6 0
3 years ago
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Each year a company selects a number of employees for a management training program. On average, 60 percent of those sent comple
Gnesinka [82]

Answer:

the probability that exactly 8 complete the program is 0.001025

Explanation:

given information:

60 % of those sent complete the program, p = 0.6

the total of people being sent, n = 27

exactly 8 complete the program, x = 8

to find the probability, we can use the following formula

P(X=x)=\left[\begin{array}{ccc}n\\x\\\end{array}\right] p^{x} (1-p)^{n-x}

P(X=8)=\left[\begin{array}{ccc}27\\8\\\end{array}\right] 0.6^{8} (1-0.6)^{27-8}

P(X=8)=\left[\begin{array}{ccc}27\\8\\\end{array}\right] 0.6^{8} (0.4)^{19}

                = 0.001025

3 0
3 years ago
Im trying to help answer questions but when i click the answer button I dont see a text box. (btw im on computer
vova2212 [387]

I dont know what to tell you try contacting brainly or refresh your screen

4 0
3 years ago
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If the recent financial crisis raises awareness about the dangers of not saving, leading to an increase in overall savings rates
Scilla [17]

Answer:

supply of; a decrease

Explanation:

If the recent financial crisis raises awareness about the dangers of not saving, leading to an increase in overall savings rates across the country, the loanable funds market will experience an increase in the supply of loanable funds and a decrease in equilibrium interest rates.

6 0
2 years ago
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