Exchange is the necessary consequence of specialization
Explain: “Exchange is the necessary consequence of specialization.”
Expert
When resources are specialized, they are no longer self-sufficient. Exchange is essential to attain the products as well as services which one requisite. Moreover, result in specialization will be in excess of precise products which is being produced. The excess of one product will be over the excess manufacture of other products.
Briefly explain the term Price Earnings Ratio (or P/E Ratio)?
Illustrate Competition among buyers and sellers is a controlling mechanism?
Illustrate several theories about causation?
Give a brief introduction of the term combined leverage? And in what manner it is calculated?
Briefly describe the term explicit cost and implicit cost?
Illustrate the advantage and disadvantage of Corporations?
Question: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments." Briefly comment on this
One early involvement of Adam Smith to the theory of gains by international trade, although later thoroughly revised and refined through David Ricardo, was the conception of: (1) mercantilism. (2) absolute advantage. (3) comparative a
Describe briefly high financial leverage, low operating leverage?
After the Spanish found the new world, they promptly began to plunder this. They imported huge amount of gold and silver to Spain. It inflow of bullion caused a rapid increase in inflation, that would have grave consequences for Spain. It is quick inflation made this
18,76,764
1954073 Asked
3,689
Active Tutors
1449731
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!