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

Which would have the higher osmotic pressure: a 0.10 M solution of NaCl or a 0.10 M solution of KBr?
Which of the following authors was not part of the American Romanticism movement? A) Washington Irving. B) Edgar Allan Poe. C) Nathaniel Hawthorne. D) William W
need help dont get it cause of the fraction
Please check if these are right! this took me 1 hour to do!
#1. What was one effect of new British taxes on colonists?
If sin (thetA) = 0.3, find sin (theta+pi)
On the Celsius scale, one degree indicates the same temperature change as A. one degree Fahrenheit. B. 5/9 degree Fahrenheit. C. one kelvin. D. 9/5
How are presidents elected? directly, by eligible voters indirectly, by the Electoral College indirectly , by the state legislatures indirectly, by members
1. What is work done in holding a 15kg suitcase while waiting for a bus for 15 minutes?
compare # 394,284 328,234