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mezya [45]
3 years ago
6

Describe how buying on credit and installment plans work and why they can be dangerous to an economy.

Social Studies
1 answer:
MatroZZZ [7]3 years ago
8 0
You can borrow too much and go into debt and some people never pay the debt so it is money that the economy never gets back
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PLEASE HELP ASAP!!
gizmo_the_mogwai [7]

Answer: Erasmo Sequin led Austin to Governor Martinez while Baron de Bastrop helped Austin translate. They had to go to convince the Mexican authourities to approve the colony again because Mexico won its independence.

Explanation: Did quiz, got it right.

3 0
3 years ago
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What is the relationship between competition and consumer action in these situations?
Mashutka [201]

Answer: In the carrot scenario, Derek is able to find carrots at the price he wishes to pay because one competitor offers a lower price. That competitor is successful in making a sale and competition causes the consumer to keep looking until the desired price is found. Likewise in the computer scenario, Melissa still searches in a number of places for the desired computer. Competition again is driving the consumer action of shopping around. However, in this case, the consumer is unable to find the desired price and ultimately decides that since all competitors are asking the same price, this must be a fair market price. In that case Melissa wants the model she wants and is willing to pay a higher price for it, but only after exhausting all of her available options by checking out many competitor prices.

5 0
3 years ago
Elton's mother has been nagging that he should practice at the piano for the upcoming competition. Elton eventually complies to
mr Goodwill [35]

Answer:

Negative reinforcement

Explanation:

Negative reinforcement can be defined as the acts or behaviour carried out by person in order to encourage someone to do what he /she said.

Negative reinforcement are often use to encourage or motivate someone and as well change the person behaviour. It also strengthened a person behaviour by removing negative result.

This example "Elton's mother has been nagging that he should practice at the piano for the upcoming competition. Elton eventually complies to stop her nagging" simply illustrates NEGATIVE REINFORCEMENT because Elton's mother was nagging in order to encourage Elton's to practice the piano for the upcoming competition and as well change is behaviour in which Elton finally complies to do what she said due to her nagging.

7 0
3 years ago
What are the benefits and drawbacks of international trade? please explain in two or more paragraphs
kari74 [83]
International trade has flourished over the years due to the many benefits it has offered to different countries across the globe. International trade is the exchange of services, goods, and capital among various countries and regions, without much hindrance. The international trade accounts for a good part of a country’s gross domestic product. It is also one of important sources of revenue for a developing country. With the help of modern production techniques, highly advanced transportation systems, transnational corporations, outsourcing of manufacturing and services, and rapid industrialization, the international trade system is growing and spreading very fast. 

International trade among different countries is not a new a concept. History suggests that in the past there where several instances of international trade. Traders used to transport silk, and spices through the Silk Route in the 14th and 15th century. In the 1700s fast sailing ships called Clippers, with special crew, used to transport tea from China, and spices from Dutch East Indies to different European countries. 

The economic, political, and social significance of international trade has been theorized in the Industrial Age. The rise in the international trade is essential for the growth of globalization. The restrictions to international trade would limit the nations to the services and goods produced within its territories, and they would lose out on the valuable revenue from the global trade.

The benefits of international trade have been the major drivers of growth for the last half of the 20th century. Nations with strong international trade have become prosperous and have the power to control the world economy. The global trade can become one of the major contributors to the reduction of poverty. 

David Ricardo, a classical economist, in his principle of comparative advantage explained how trade can benefit all parties such as individuals, companies, and countries involved in it, as long as goods are produced with different relative costs. The net benefits from such activity are called gains from trade. This is one of the most important concepts in international trade. 

Adam Smith, another classical economist, with the use of principle of absolute advantage demonstrated that a country could benefit from trade, if it has the least absolute cost of production of goods, i.e. per unit input yields a higher volume of output.

According to the principle of comparative advantage, benefits of trade are dependent on the opportunity cost of production. The opportunity cost of production of goods is the amount of production of one good reduced, to increase production of another good by one unit. A country with no absolute advantage in any product, i.e. the country is not the most competent producer for any goods, can still be benefited from focusing on export of goods for which it has the least opportunity cost of production. 

Benefits of International Trade can be reaped further, if there is a considerable decrease in barriers to trade in agriculture and manufactured goods.

6 0
3 years ago
Explaining what you think Sojourner Truth's, "Ain't I A Woman" speech. What was the point of her speech? What did she want to wa
Ira Lisetskai [31]

Answer:9

Explanation:

3 0
2 years ago
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