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Stells [14]
3 years ago
15

Which economic procedure best encourages voluntary exchange?

Business
2 answers:
Svetlanka [38]3 years ago
5 0

i think its government regulations or possibly scarcity

Mashcka [7]3 years ago
3 0

Answer: (a) specialization  

Explanation: out of all the four options (i.e.: specialization, price ceilings, scarcity, government regulation) specialization is the economic procedure that encourages voluntary exchange the most. This is because in specialization, a country is not self-sufficient; it does not produce everything itself. It only produces those good or services, which it produces best in terms of price and efficiency and hence, since it is only producing limited products, it will have to rely on trade to obtain goods and services that other country, are producing better.


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Which option is best described as a complementary good for computer hard drives?
Nutka1998 [239]

Answer: Computer monitor

Explanation:

A complementary good is a good that's used together with another good. A good example of a complementary good is a car and petrol since they are used together.

A complementary good for computer hard drives would be the computer monitor. The monitor simply looks like a television and it helps in showing the information which is being displayed.

8 0
3 years ago
Discuss how dollar-cost-averaging and the ten percent solution could make someone wealthy
labwork [276]
Dollar cost averaging is an investment technique which can make a person wealthy in the long run. In this technique, you will buy a particular stock constantly and regularly, regardless of the price. This will add-up and without noticing, you have acquired more than you'd imagine. On the other hand, Ten Percent Solution, you invest 10% of your earnings in a long-term investment, and is done on a regular basis.   
6 0
3 years ago
A study by the National Bureau of Economic Research (NBER) examined the responsiveness of consumers to changes in gasoline price
Y_Kistochka [10]

Answer:

Gasoline consumption will decrease by a small amount.

Explanation:

A coefficient of elasticity of less than one indicates that demand is inelastic.

Inelastic demand means that there's little or no change in quantity demanded when there's a change in the price of a product.

Quantity demanded has little or no sensitivity to changes in price.

If the coefficient of elasticity is greater than one, demand is elastic.

Elastic demand is when a small change in price has a greater effect on the quantity demanded.

If the coefficient of elasticity were equal to one, it means that demand is unit elastic.

Unit elastic demand means a change in price leads to the same proportional change on quantity demanded.

I hope my answer helps you

3 0
3 years ago
Robert works in the import-export department of Bank of America and he has noticed the following spot currency quotes: 1 U.S. do
lubasha [3.4K]

Answer:

2.3925

Explanation:

The computation of the Mexican pesos is shown below:

= (1 British pound × 1 U.S. dollar) ÷ 1 British pound for the Danish krone

= (1.65 × 10.875 ÷ 7.5)

= 2.3925 Mexican pesos

Simply we multiplied the 1 British pound with the 1 US dollar and then divide it by the 1 British pound for Danish krone so that the correct spot currency can come

3 0
2 years ago
A warehouse manager who is placing an order for maintenance supplies for delivery vehicles would be making a programmed decision
liubo4ka [24]

Answer:

The Answer is False.

<u>The Ware house manager  who is placing an order for maintenance supplies for delivery vehicles would be making a non-Programmed decision</u>

Explanation:

<u>non-programmed decisions are the decision are basically concerned with the  maintenance supplies for  raw materials.</u>

<u></u>

<u>The Programmed decisions are made in response to situations that are unique,unpredictable  and that are largely  unstructured.</u>

6 0
3 years ago
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