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 cafeteria has 75 tables and 912 chairs. What is the total number of tables and chairs?
Organic chemistry is the study of compounds containing A. carbon. B. nitrogen. C. hydrogen. D. oxygen.
What is syntax? A. the use of rambling, private thoughts B. the arrangement of words in a sentence C. the point of view from which a story is narrated D. langua
How long is an individual monarch's term of rule? A.for as long as the people allow B.limited by a term of four years, with a maximum of two terms C.from the ti
The element Ag has how many protons?
How do you answer this question.
In what port city did U.S. Marines make a surprise amphibious counterattack during the Korean War? Incheon Pusan Pyongyang Yalu
Which is bigger, 40% of 180 or ¼ of 320?
Which of the following people was of similar status to the pope in the Middle Ages' social hierarchy? bishop vassal king knight
How does conserving and recycling paper help manage energy resources? A. Paper that has been used can be burned to produce energy B. Making paper requi