what is trade in economics​

Answers

Answer 1

Answer:

Trade is a basic economic concept that involves  the buying and selling of goods and services, in which compensation is  paid by a buyer to a seller, for goods or services or the exchange of goods or services between parties(which is known as trade by barter )

Explanation:

Answer 2

Answer: Trade means we give some thing  for some thing else


Related Questions

In the context of behavioral economics, the belief that outcomes that have not occurred in the recent past are more likely to occur soon, and that recent outcomes are unlikely to be repeated in the near future is best referred to as the ________ fallacy.

Answers

Answer:

Gamblers.

Explanation:

This is a belief by a certain people from a school of thought that something is likely to or not occur and this is seen to happen within a period of time. This belief carriers the said person to keep in line or stop within this period in his endeavours towards a particular goal or work. This is seen in human which try their chances a lot in gambling in the likes of casinos etc and also human to human risk. This fallacy can be seen when a team has won the coin toss for the last three games. So, they are definitely going to lose the coin toss tonight. Also the last time they spun the wheel, it landed on 12. So, it won't land on 12 this time.

Security dealers: are limited to trading non-listed stocks. buy and sell from their own inventory. operate exclusively in auction markets. operate on a physical trading floor. match buyers with sellers.

Answers

Answer:

The answer is B. buy and sell from their own inventory

Explanation:

A dealer is someone who buys and sells from its own account or inventory.

A dealer is a seller to an investor that wants to buy securities and he is also a buyer to an investor that wants to sell his securities.

A broker is different from a dealer in that it transacts(sells or buys securities) on behalf of his or her clients.

Mary transferred a life estate in her home to John based on the life of Ned Green. Mary's interest in the property is known as a(n)

Answers

Answer:

The correct answer will be "Reversion interest".

Explanation:

Reversionary interest seems to be an individual's involvement in something like an asset that whenever a prior estate continues to function. It indicates any desire that is deferred to something like the pleasure of. It generally means after enough duration either on a particular arrangement, the charity's grantor seems to have an intention of having again an exchanged asset.

SalientVision Inc., a construction company, receives more than $2,000 in federal money. The company pays its employees at rates at least equal to the prevailing wages in the area. The calculation of prevailing rates by the company is based on 30% of the local labor force. In this case, which laws does the company comply with?

Answers


Hi I’m sorry I forgot to tell you that I’m gonna answer your question about the money I have to go with my grandma to get her meds and she can not be there until she probably gets home and ya
The answer is Pay differential

What feature of the operator’s manual provides supplemental information such as References, basic issue item (BII) lists, and lubrication procedures?

Answers

Answer:

Appendices

Explanation:

Operator's manual have various Chapters in it. Each of them are designated to some particular topic.

As for example the first chapter towards the basic description of vehicle, second towards the operating instructions, as to where and how the vehicle shall run and the basic guidelines, third chapter might contain the details for the use of vehicle in case of any emergencies.

Further at the last or near to last there is appendices which shows the references, all the items basically issued, vehicle sign/ decal information, lubrication etc:

According to the law of​ supply, as the price of the good decreases​, it causes A. a movement downward along the supply curve. B. a shift of the supply curve to the left. C. a movement upward along the supply curve. D. a shift of the supply curve to the right.

Answers

Answer:

A. a movement downward along the supply curve.

Explanation:

According to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

This accounts for why the supply curve is positively sloped.

A change in price of a good leads to a movement along the supply curve and not a shift of the supply curve.

Please check the attached image for a graph showing the supply curve

Your company has formed a partnership with another company and you want to allow certain resources to be shared between the two companies. What should you create?

Answers

Answer:

joint venture

Explanation:

Based on this scenario, the best thing for you to create would be a joint venture. This is a business arrangement in which the parties involved decide to combine their specific resources in order to accomplish a specific task that both companies are trying to accomplish and which will benefit both parties greatly. Therefore, since you want to share resources with your partner company this would be the best organizational agreement.

What is an opportunity cost? How does the idea relate to the definition of economics? Which of the following decisions would entail the greatest opportunity cost: Allocating a square block in the heart of New York City for a surface parking lot or allocating a square block at the edge of a typical suburb for such a lot? Explain.

Answers

Answer:

Opportunity cost is a situation whereby a potential gain in doing or choosing something is lost as a result of choosing the other. For example, between using electricity or solar panel for water  heating in a house. When the solar panel is used, the potential gain of using electricity is lost. this loss is called opportunity cost.

"Allocating a square block in the heart of New York City for a surface parking lot or allocating a square block at the edge of a typical suburb for such a lot"  would entails the greatest opportunity cost. This is because, New York is already crowded with people and lack of parking lots for cars thereby increasing the [tex]CO_{2}[/tex] content of the city. Not allocating the square block at the edge of a typical surbub for such a lot would put undue pressure in the heart of the city, New York.

Explanation:

In relatively ____ markets, ____ might be acceptable; however, with substantial _____, they often lead to poor trade-off decisions

Answers

Answer: stable, heuristic, heterogeneity and volatility

Explanation:

In relatively stable markets, heuristic might be acceptable; however, with substantial heterogeneity and volatility, they often lead to poor trade-off decisions.

It should be noted that heuristics are simply mental shortcuts that help ease decision making and examples rule of thumb, using trial and error, an educated guess etc. This often leads to poor decisions in the end.

The process of spreading the costs of long-lived assets such as buildings and equipment over the total number of accounting periods in which they are expected to be used is called

Answers

Answer:

Depreciation

Explanation:

Depreciation is the process of reallocation of tangible assets over its useful life. Depreciation is an expense which is charged on the entire cost of a long-term tangible fixed asset. The depreciation expense is computed by reducing the scrap value of the asset from its cost and dividing it by the entire useful life of the asset. There are several methods used to depreciation tangible assets such as straight-line method, MACRS, double declining etc. Salvage value is the expected value of the asset at the end of its life. For example, if an asset has been purchased at $110,000 with a useful life of 5 years and salvage value of $10,000 then using straight-line depreciation per year over 5 years will be ($110,000-$10,000)/5 = $20,000.

Jon is a broker who manages properties. Kevin owns an apartment building that he wants Jon to manage. When negotiating the property management agreement, Jon includes a clause that says if Kevin ever wants to sell the building, he must list it with him. This is an illegal:______

Answers

Answer:

The clause is an illegal provision.

Explanation:

An illegal provision is a clause or condition that is unenforceable by it's very nature. Kevin owns all the legal interest in the apartment. Jon has no legal interest in the apartment.

A legal interest refers to the right to legally possess and use a property. This right is enforceable under the law.

If Jon as a broker co-owns the apartment, then the clause or provision he inserted becomes legal. Given that he doesn't, the clause is void ab initio.

Cheers!

An employee earning $40/hour works in a department where the overhead is 125%. A billable or charge back hour to this department would be:

Answers

Answer:

$90

Explanation:

Calculation for what the billable or charge back hour to this department would be

First step is to multiply overhead percentage by the employee earning per hour

125%×$40/hour

=$50

Now let calculate for the billable or charge back hour to the department

Billable or charge back hour=$50+$40/hour

Billable or charge back hour=$90

Therefore A billable or charge back hour to this department would be: $90

Any information useful to decision makers should be provided in the financial statements, subject to the cost effectiveness constraint. This describes which accounting principle

Answers

Answer:

Fulldisclosure principle

Explanation:

The fulldisclosure principle states that any financial information that is relevant to the firm's stakeholders should be disclosed in the financial statements.

This principle is closely related with the materiality principle, which states that all relevant information should be recorded except for that information that is simply not relevant due to its intrisic characteristics (for example, a very small transaction in monetary value inside a very large company).

A worker in Vietnam can earn $6 per day making cotton cloth on a hand loom. A worker in the United States can earn $85 per day making cotton cloth with a mechanical loom. What is the likely explanation for the difference in wages?

Answers

Answer:

c. Labor is more productive making cotton cloth with a mechanical loom than with a hand loom.

Explanation:

Here are the options to this question :

. U.S. textile workers belong to a union, whereas Vietnamese textile workers do not belong to a union.

b. There is little demand for cotton cloth in Vietnam and great demand in the U.S.

c. Labor is more productive making cotton cloth with a mechanical loom than with a hand loom.

d. Vietnam has a low-wage policy to make its textile industry more competitive in world markets.

The mechanical loom would produce more cotton cloth than a hand loom. So, due to higher productivity of the mechanical loom,  the worker who uses a mechanical loom would be paid higher than a worker using a hand loom

explain the difference between capital and capital goods

Answers

Explanation:

Capital: The most important city or town of a country or region.

Capital goods: Goods that are used in producing other goods, rather than being bought by consumers

Jasmine is the director of marketing for a chain of clothing stores. She's been given a set budget and needs to drive as many potential customers to her website as possible. Which automated bidding strategy should she use in her campaign?

a. Target impression share
b. Maximize conversions
c. Target return on ad spend (Target ROAS)
d. Maximize clicks

Answers

Answer: Maximize clicks

Explanation:

From the question, we are informed that Jasmine is the director of marketing for a chain of clothing stores and that she's been given a set budget and needs to drive as many potential customers to her website as possible.

The automated bidding strategy should she use in her campaign is "maximize click". This will help in getting many clicks and is cheap.

A 16-year-old female applied for a conventional loan in order to purchase a condominium. The lender denied the application, citing the applicant's age as the reason for the denial. Which of these is TRUE?

a. The lender violated the ECOA because the applicant is female and sex cannot be a lending consideration.
b. The lender violated the ECOA because lending decisions cannot be based on age.
c. The lender lawfully denied the application because the applicant was under 18 and therefore was too young to legally sign a contract.
d. None of these.

Answers

Answer:

C.

Explanation:

The lender lawfully denied the application because the applicant was under 18 and therefore was too young to legally sign a contract.

A 16 year old is not up to the age to sign a contract and even at that Every lender has their own requirements for approving a loan. And for a person who is just 16 getting a loan approval is going to be near impossible except it is done with the cosignature of a parent. This is because several checks are usually done before a loan is approved and a 16 year old may not pass all of them.

A person, group, or organization that has a meaning it intends and attempts to share with a receiver or an audience is a

Answers

Answer:

Source

Explanation:

Source, also known as sender in communication is a concept of generating information or data with the intent of communicating or reproducing exact information somewhere else within a short time .

A source can be a person , organization or a group of people and the source information must have a meaning it intends to share with a receiver or an audience. This means that the information must be encoded in a way that makes it easy for the receiver or audience to understand before transmitting the message.

A customer sells 1 ABC Corporation put for 2 on February 22, 2019, with a strike price of 50 and an expiration date of March 16, 2019. On March 15, 2019, ABC is put to the customer. Which of the following statements about this transaction is correct?

a. He has an acquisition cost of $4,800 and a date of acquisition of March 15, 2007.
b. He has an acquisition cost of $4,800 and a date of acquisition of February 22, 2007.
c. He has a $200 short-term gain on the sale of his put. His cost of acquisition is $5,000 and the date of acquisition is February 22, 2007.
d. He has an acquisition cost of $5,000 and a date of acquisition of March 16, 2007.

Answers

Answer: a. He has an acquisition cost of $4,800 and a date of acquisition of March 15, 2007.

Explanation:

A Put amount gives the holder the right to sell underlying assets. As the Put was exercised, the customer would have to buy the underlying stock and the price they will pay for it is the strike price of the Put less the cost of the Put.

Options contracts come in 100s so;

Acquisition cost = (50 - 2) * 100

= 48 * 100

= $4,800.

The date of acquisition is the day the put was exercised.

Specify and explain the typical shapes of the marginal-benefit and marginal-cost curves. How are these curves used to determine the optimal allocation of resources to a particular product. If current output is such that marginal cost exceeds marginal benefit, should more or fewer resources be allocated to this product? Explain.

Answers

Answer:

The completely accurate definition of the particular subject is outlined in the following subsection including its clarification.

Explanation:

The marginal profit trajectory has so far been sloping down, MB decreases, and since most of a commodity is collected as much more quantities of something like a good offer fewer sense of achievement, unlike earlier versions. This same marginal cost of production is pointing down upward, becomes rising as more than just a commodity is generated as additional items need progressively inappropriate utilization of resources.The optimum amount of something like a given substance exists whenever MB is equivalent to MC. If MC reaches MB everything should still be made available fewer resources. In any other context, the services are more useful.

The information regarding the marginal-benefit and marginal-cost curves is explained  below:

The following information should be considered:

The marginal profit trajectory has so far been falling down, MB decreases, and because many commodity is collected as much more quantities of something such as sense of achievement. This same marginal cost of production is pointing falling upward, that increased as more than just a commodity is produced as extra items required progressively non-appropriate utilization of resources. The optimum amount of something such as given substance exists in the case when MB is equivalent to MC. If MC reaches MB so it still be made available fewer resources.

Learn more: https://brainly.com/question/17429689?referrer=searchResults

Cost structure ______. refers to how a cost will change as activity level changes is the relative proportion of each type of cost in an organization is a detailed analysis technique used to determine whether costs are fixed or variable

Answers

Answer:

is the relative proportion of each type of cost in an organization

Explanation:

The cost structure of an organization lists the different costs of the firm, and the proportion of each cost category in the overall cost chart of the firm.

The cost structure can be defined in several ways, but it is most commonly structured in variable costs and fixed costs.

Another important cost structure division is direct costs and indirect costs.

All licensees should give earnest money checks to their sponsoring broker immediately who must deposit said earnest money by:_______

a. the third day following the contract acceptance.
b. the next business day of contract acceptance.
c. within seventy four hours from the time the offer is delivered.
d. the third day following the final counteroffer.

Answers

Answer:

b)the next business day of contract acceptance.

Explanation:

A license which is reffered to as a permit to authority should make sure their sponsoring brokers were given earnest money checks after the contract has been accepted so that it can becomes a legal deal.

It should be noted that All licensees should give earnest money checks to their sponsoring broker immediately who must deposit said earnest money by the next business day of contract acceptance.

1. Which of the following lists include only traits of diversity?
A. Race, gender, religion, age
B. Gender, religion, physical handicap, hair color
C. Religion, physical handicap, food preferences, attire
D. Age, race, attire, physical handicap

Answers

Answer:

A. Race, gender, religion, age

A __________ is a group of customers who love their brand so much that they like to connect with other customers who think like themselves.

Answers

It is a Brand community

which piano is the best for beginners? List 5 best pianoes.​

Answers

Answer:

1:Yamaha YPT-269

2:Casio PX-770

3:Korg EK-50

4:Roland

5:Go:keys

Answer:

1. Yamaha P-45

2. Yamaha YDP-S34

3. Casio PX-770

4. Korg B1SP

5. Roland RP102

Explanation:

What refers to a thorough analysis of the circulation procedures, outlets of distribution, readers, and other factors by companies such as ABC?

Answers

Answer:

circulation audit

Explanation:

A circulation audit is a term that describes a distinct form of audit which validates publisher's real printing and distribution, and at the same time, verifies publisher's books, records, and documents relating to circulation.

In other words, it is considered as a standardized, authoritative statement of a publication's printing, distribution, and readership.

Hence, CIRCULATION AUDIT refers to a thorough analysis of the circulation procedures, outlets of distribution, readers, and other factors by companies such as ABC

Question # 6 Multiple Choice A hotel in the Virgin Islands offers an all-inclusive deal, which includes, flight, lodging, and food. However, there are not selling because people feel it's too expensive. Which of the following is not one of the Ps illustrated in this example? packaging partnership price people ​

Answers

Answer:

The correct option is;

Packaging

Explanation:

The four Ps of marketing are Product, Price, Promotion, Place. Some additional Ps have been added due to present day market structure and serve to fine-tune the marketing organization.

The additional Ps includes; People, Process, Physical evidence, Packaging, Performance, Partnerships and Programs

Among the Ps listed, the P not illustrated in the example is packaging which contributes to building a public image for the business

Answer:

People

Explanation:

The hotel is doing what the customers want. I also just got it right.

The essence of _____ marketing is the belief that if businesses deliver valuable information to buyers, customers will reward them with their business and loyalty.

Answers

Answer:

Explanation:

The essence of marketing is the belief that if businesses deliver valuable information to buyers, customers will reward

Answer:

Content

Explanation:

Actually, the right answer, found it in the textbook.

On October 1, Callison accepts a 5-year interest bearing note receivable for $1,000. The note bears interest of 12%. Both principal and interest are received at maturity. The journal entry required on December 31, Year 1, to accrue interest will include:_______

Answers

Answer:

Dr Interest Receivable $30

Cr Interest Revenue $30

Explanation:

Based on the information given we were told that Callison accepts an interest bearing note receivable for the amount of $1,000 in which the note has the interest of 12%,This means that journal entry on December 31, Year 1, to accrue interest will include:

Dr Interest Receivable $30

Cr Interest Revenue $30

Calculated as :

Accrued interest =12%×$1,000×(3/12)

Accrued interest=$30

Mintzberg determined that managers tend to rely more heavily on ______ communication than ______ communication when conducting business.

Answers

Answer:

Verbal; written.

Explanation:

Professor Henry Mintzberg is a prolific and an amiable author on business and management. He was born on the 2nd of September, 1939 and works at the Desautels Faculty of Management in McGill University, Canada.

According to Prof. Mintzberg in his book titled "Mintzberg on Management: Inside our Strange World of Organizations," there are ten (10) primary roles which can be used to classify the functions of a manager; figurehead, liaison, leader, monitor, negotiator, entrepreneur, disturbance handler, spokesperson, resource allocator and disseminator.

Additionally, Mintzberg determined that managers tend to rely more heavily on verbal communication than written communication when conducting business. This is simply because managers consider a written communication such as memo, reports, or letters consume more time when compared with verbal communication such as telephone calls, meetings or face-to-face conversations .

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