What exactly allows individuals to consume more if they specialize and trade than if they dont?
Question:
What exactly allows individuals to consume more if they specialize and trade than if they don’t?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (8 reviews)
The fact that each person specialize...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Increased Liquidity, Procrastination and National Savings: Over the past few decades, increasingly sophisticated financial investment possibilities have enabled individuals to place their savings...
-
a. Draw a graph of Kims PPF and Liams PPF. b. On your graph, show the point at which each produces when they spend 30 minutes of each hour producing pies and 30 minutes producing cakes. c. On your...
-
When a country specializes in the production of a good, this means that it can produce this good at a lower opportunity cost than its trading partner. Because of this comparative advantage, both...
-
In Exercises, use the alternative form of the derivative to find the derivative at x = c (if it exists). f(x) = 1 x + 4' c = 3
-
The table shows the total national expenditures for health (both actual and projected, in billions of dollars) for the years from 2001 to 2018. (These data include expenditures for medical research...
-
Describe a typical process of the development of a genetic algorithm for solving a real problem. What is the fundamental difficulty of genetic algorithms?
-
Refer to the simple linear regression on drug reaction. Find a 95% confidence interval for the mean reaction time when the concentration of the drug in the bloodstream is 4%. LO9
-
1. How would you characterize the main economic, legal-political, and sociocultural difference influencing the relationship between the partners in Shui Fabrics? What GLOBE Project dimensions would...
-
Dallas Pierce's most recent credit card statement follows. Her finance charge is 18% APR. Calculate Dallas's average daily balance, finance charge, and new balance. Note: Round your final answers to...
-
Knowing that the tension in wire BD is 300 lb, determine the reaction at fixed support C for the frame shown. 180 Ib 6 in. 10 in. -20 in. 100 lb 24 in. 16 in.
-
Use the PPF framework to explain something in your everyday life that was not mentioned in the chapter.
-
Illustrate constant opportunity costs in a table similar to the one in Exhibit 1(a). Next, draw a PPF based on the data in the table.
-
Are Southern and Western states equally prone to fatal lightning strikes? The National Weather Service maintains a database that provides information on lightning strike fatalities by state. The...
-
Solve (c) 8 WI n=1 5 cos n N5
-
- Pierce Company reported net income of $160,000 with income tax expense of $19,000 for 2020. Depreciation recorded on buildings and equipment amounted to $80,000 for the year. Balances of the...
-
ABC Company had the following results as of 12/31/2020: ABC's hurdle rate is 10% CONTROLLABLE REVENUE CONTROLLABLE COST CONTROLLABLE ASSETS CONTROLLABLE INCOME 21. What is the division's margin? A....
-
A gray kangaroo can bound across a flat stretch of ground with each jump carrying it 10 m from the takeoff point. If the kangaroo leaves the ground at a 20 angle, what are its (a) takeoff speed and...
-
Since 1900, many new theories in physics have changed the way that physicists view the world. Create a presentation that will explain to middle school students why Quantum Mechanics is important, how...
-
Find (a) u v, (b) u u, (c) v 2 , (d) (u v) v, (e) u (3v). u = 3, 4, v = -1, 5
-
Determine the volume of the parallelepiped of Fig. 3.25 when (a) P = 4i 3j + 2k, Q = 2i 5j + k, and S = 7i + j k, (b) P = 5i j + 6k, Q = 2i + 3j + k, and S = 3i 2j + 4k. P
-
Why are most production possibilities frontiers for goods bowed outward (concave downward)?
-
Within a PPF framework, explain each of the following: (a) a disagreement between a person who favors more domestic welfare spending and one who favors more national defense spending; (b) an increase...
-
Explain how to derive a production possibilities frontier. For instance, how is the extreme point on the vertical axis identified? How is the extreme point on the horizontal axis identified?
-
Docs Auto Body has budgeted the costs of the following repair time and parts activities for 2009: Doc's budgets 6,000 hours of repair time in 2009. A profit margin of $7 per labour hour will be added...
-
QUESTION 28 In a perpetual inventory system, the cost of inventory sold is: Debited to accounts receivable. Debited to cost of goods sold. O Not recorded at the time goods are sold. O Credited to...
-
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $105,709 69,500 66,800 4,700 246,700 127,eee...
Study smarter with the SolutionInn App