lillysmithraleigh
lillysmithraleigh lillysmithraleigh
  • 01-04-2020
  • Business
contestada

How does voluntary exchange promote economic progress? Explain three separate reasons.

Respuesta :

TreSwervo TreSwervo
  • 01-04-2020

Answer:

There are three major reasons why trade is productive—why it increases the wealth of people. First, trade channels goods and services to those who value them most. ... Second, exchange permits trading partners to gain from specializing in the production of those things they do best.

Answer Link

Otras preguntas

The best definition of a "citizen" is a person who gives allegiance to a government pays money to gain rights moves to a new country works many years for a
If the government wants to jump-start the economy resulting in more consumer spending, it will raise taxes. true or false?
What was the headright system? a. a system in which a new settler would be given land and transportation in exchange for working the land for a set number of y
. Which of the following is the correct linear model to fit this data? Number of Text Messages (t) 8 16 20 72 Bill Amount (b) $12 $14 $25 $28 A. b = 8t +
in what way did president taft accomplish more than president roosevelt?
Solve for all values of q that satisfy the equation √(3q+7) = q+3
Which of the following is an example of a concept album? a. the joshua tree b. nevermind c. tapestry d. songs for swingin' lovers
which phrase defines “mortified” best
Why is it a myth that aerobic exercise is the only way to burn fat?
Billy Cobham is a talented and respected fusion drummer, and he was born in Panama. What is wrong with the sentence?