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3 years ago

How does the trade benefit the society?

Business

1 answer:

alexdok [17]3 years ago

4 0

Answer:

<em>Trade is critical to America's prosperity - fueling economic growth, supporting good jobs at home, raising living standards and helping Americans provide for their families with affordable goods and services.</em>

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Decide whether each of the following descriptions most closely corresponds to being part of a command system, a market system, o

Lady_Fox [76]

Answer:

a. Command system

b. Market system

c. Laissez-faire system

Explanation:

a. Command System, This is an economic system where the means of production and distribution of goods and services are owned and control by the government, in this system, the economic activities are controlled by a central planning committee.

b. Market system: A market system is an economic system where the market forces, that is the forces of demand and supply allocate resources.

c. Laissez-faire system : Under the Laissez-faire system is an economic system in where there is minimum government intervention in the economy. sometimes the words Laissez-faire system and capitalism are used interchangeably. The major difference between capitalism and laissez faire depends on the extent of government interference in the economy.

6 0

3 years ago

The measure of economic performance that compares how much a system produces versus the resources required to produce it, is kn

pogonyaev

<span>The measure of economic performance that compares how much a system produces versus the resources required to produce it, is known as *productivity*.</span>

8 0

3 years ago

Cartel A large share of the world supply of diamonds comes from Russia and South Africa. Suppose that the marginal cost of minin

matrenka [14]

Well if you think about it in the long run the darkness shall take over in about 44 years from now

7 0

3 years ago

Consider the determination of whether a worthwhile enterprise should be developed now, or at a later date. Consider a hydro-elec

Setler79 [48]

Answer:

The second alternative is the better alternative. That is, it is better to build first stage only is now for $40,000,000, and the balance in 20 years time.

Explanation:

Note: See the attached excel file for the calculation of the present values of the total cash outflows of the two alternatives.

From the attached excel file, we have:

r = interest rate = 6%

Present values of the total cash outflows of the first alternative = -$122,662,039

Present values of the total cash outflows of the second alternative = -$94,492,585

Based on the above, since the present values of the total cash outflows of the second alternative of $94,492,585 is less than the present values of the total cash outflows of the first alternative of $122,662,039, the second alternative is therefore the better alternative. That is, it is better to build first stage only is now for $40,000,000, and the balance in 20 years time.

Download xlsx

4 0

3 years ago

Name and describe the type of economy a country will have when the central government makes all the economic decisions

kupik [55]

Central gov to produce and serve for others in an economically advancement to which all means are needed to improve others and prosper in control

3 0

3 years ago