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UkoKoshka [18]
3 years ago
9

What is global trade?

Business
2 answers:
kvv77 [185]3 years ago
6 0

Answer:

Answer letter B

When products,services,money are exchanged between different countries.

asambeis [7]3 years ago
4 0

Answer:

B. When products, services, and money are exchanged between different countries

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Valerie promised to buy Nicole's car for $2,000. Nicole drew up the contract providing that the exchange would occur the next we
Nimfa-mama [501]

Answer:

That the mistake resulted from an accidental clerical error and that it would be unconscionable to enforce the contract.

Explanation:

Nicole mistake is a clerical error.

An error is said to be clerical if it's a mistake that changes the meaning of a document after.

Typographical error and unintentional addition or removal of a word, phrase, or figure in the document can count as clerical error.

Mistakes like this should be readily rectified without objection by the court acting sua sponte, on its own, or on the motion of either party.

8 0
3 years ago
A firm can manufacture a product according to the production function: Q = F(K, L) = K3/4L1/4. a. Calculate the average product
Bad White [126]

Answer: 15.1875

Explanation: k = 81 units L = 16 units

(81 × 3/4) × (16÷4) = 243

Q =243

APL = Q / L

243 ÷ 16 = 15.1875 units of labour

4 0
3 years ago
A group in an overall market whose members have something in common is called a <br> ______.
andrey2020 [161]

Answer:

market segment

Explanation:

A market segment is a group of people in a homogeneous market who share common marketable characteristics.

3 0
3 years ago
A restaurant sells salsa and guacamole, each of which can be eaten with the tacos that the restaurant sells. The manager of the
sergiy2304 [10]

Answer:

The cross price elasticity of salsa and guacamole is 0.2. The two goods are substitutes.

Explanation:

The price of guacamole is increased from $2 to $2.5.

Percentage change in price

= \frac{new price\ -\ initial\ price}{initial\ price} \times100

= \frac{2.50\ -\ 2}{2} \times100

= 25%

The demand for salsa rises by 5%.

The cross price elasticity will be

= \frac{percenatge\ change\ in\ quantity\ demanded}{percenatge\ change\ in\ price}

= \frac{5}{25}

= 0.2

We see that the cross price elasticity is positive. This means that the two goods are substitutes. When price of one good will increase consumers will prefer the cheaper substitute, increasing its demand.

3 0
4 years ago
he kinds of money Personal possession of currency is prohibited in U.S. prisons, although, in practice, prisoners still exchange
riadik2000 [5.3K]

Answer:

A) One important difference between using cigarettes and using dollars as money is that cigarettes have intrinsic value.

B) U.S. dollars are an example of fiat money.

Explanation:

Prisioners had two uses for cigarettes: they could use them as a medium of exchange, thus acted as money, and they could use cigarettes to smoke. Therefore the intrinsic value of cigarettes would be the tobbacco which is used to smoke, as opposed to U.S. dollars where its intrinsic value is just the paper or metal if it were a coin.

U.S. dollars are an example of fiat money because it's a currency that has been established as legal tender by the U.S. Government, but it has no intrinsic value of its own.

3 0
3 years ago
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