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enyata [817]
2 years ago
5

What's binding means

Social Studies
2 answers:
DochEvi [55]2 years ago
7 0
A strong covering holding the pieces of a book together
Fed [463]2 years ago
7 0

1.

a strong covering holding the pages of a book together.

2.

a mechanical device fixed to a ski to grip a ski boot, especially either of a pair used for downhill skiing that hold the toe and heel of the boot and release it automatically in a fall.

adjective

1.

(of an agreement or promise) involving an obligation that cannot be broken.

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In his theory of absolute advantage, what did adam smith say should be the determinant of what a country imports and what it exp
allochka39001 [22]

In his theory of absolute advantage, Adam Smith maintained that a nation's imports and exports should be decided by the invisible hand of the market mechanism as opposed to governmental action.

In his book The Wealth of Nations from the 18th century, economist Adam Smith introduced the idea of absolute advantage to explain how nations might profit from trade by specializing in manufacturing and exporting the things that they can manufacture more successfully than other nations. Absolute winners might choose to focus on manufacturing and selling a particular commodity or service, and then use the money they make to buy goods and services from other nations.

The rationale for why it is advantageous for people, companies, and nations to trade with one another is based on absolute advantage. Each has a distinct edge in manufacturing certain items and services, therefore the exchange will be advantageous to both parties.

Learn more about Adam Smith here:

brainly.com/question/21764310

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True?
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