Answer:
d There are gains from trade.
Explanation:
A trade can be defined as the process that typically involves the buying and selling of goods and services between a buyer (consumer) and a seller (producer).
Thus, trade creates an enabling environment that suits a specific service provider or producer of a particular product.
Basically, the interaction of individual choices underlies the fact that there are gains from trade.
This ultimately implies that, as a result of the difference between human needs and wants, there is always an opportunity for various producers to manufacture goods and services to meet the needs or requirements of these customers.
Answer:
$ 1,001,800
Explanation:
The following costs will be included in th cost of land
Purchase cost: 990,000
Closing cost: 2,900
Back Taxes: 8,900
(land taxes are payed every year, so they can't be included in the cost of land)
Total cost of land= 990,000+2,900+8,900= 1,001,800
The milky way is a galaxy and got its name due to its attributes by looking like spilled milk across a pitch black sky. If this helped, plz mark as brainliest and good luck!
Answer:
an institution that brings together buyers and sellers of goods or services
Explanation:
The economic definition of a market is ; it is an institution that brings together buyers and sellers of goods or services. They therefore interact with each other and exchange these goods and services for money. For the given examples of a market, you will make a choice based on the above definition and all of them are correct. NFL players hoping to sign with a team are suppliers of expertise and teams looking for additional players are buyers. Trader Joe's grocery store is a seller of goods and the "foodie" people are the buyers, same to local farmer's market . The New York Stock Exchange is a securities market too.
