Answer:
<em>Countries will completely specialize in the product in which they have a comparative advantage if free trade is allowed to occur. ( first choice)</em>
Answer:
When Economists say that humans make decisions at the margin they mean that decisions are made on the basis of the cost and benefit of getting an additional unit of a good/ service.
Marginal benefit refers to the additional utility that we will derive from consuming one extra unit of a good or service and factors in heavily into our decision making. We usually accept a decision if the Marginal benefit is higher or equal to the Marginal cost ( cost of the additional unit) of the good/service.
If the Marginal Cost is instead higher, the decision would most probably be cancelled.
A subset of e-commerce that uses social networks to assist in marketing and purchasing products is known as A. social commerce.
Explanation:
Social commerce is the subset of eCommerce wherein social media is used for assistance on products and costumer service. it also serves as a tool for marketing of products and assisting purchases.
Use of social media for online transactions is the insistent goal of the use of social commerce as it relies on social media for buying and marketing of the products to their potential consumer base which is able to find their product on the social media platforms only.
Answer: The correct answer is d) Frame of reference.
Explanation: Frame of reference refers to a set of criteria or stated values used in measurements or inferring judgements.
The question "Don't you agree that something must be done to save social security?" is a typical case of a frame of reference as it can be inferred that the interviewer already had a frame of mind as such was leading the President.
Answer:
As an "entrepreneur" you can make money while doing things you like.
Explanation:
