State and explain five importance of trade to a nation ​

Answers

Answer 1

Answer:

Trade is central to ending global poverty. Countries that are open to international trade tend to grow faster, innovate, improve productivity and provide higher income and more opportunities to their people. Open trade also benefits lower-income households by offering consumers more affordable goods and services.

Answer 2

Answer:

Five Importance Of Trade To A Nation:

Explanation:

1. It's important to ending global poverty because countries that grow faster, usually end up providing higher income and more opportunities to people that are less fortunate.

2. It benefits lower income households because it means there will be more affordable goods and services.

3. It means there are more job opportunities to people that are unemployed or cant get a job at the moment.

4. Also, its important because then there will be more goods at cheaper cost, meaning it wont be as expensive and easier for some people to afford it.

5. It's important because then there will be different resources for different technology advancements and more opportunities to expand our knowledge on the pros of having technology at hand.


Related Questions

Exporting versus Producing Abroad. What are the advantages and disadvantages of limiting a
firm's activities to exporting compared to producing abroad?

Answers

Some advantages of limiting a company's activity to export compared to production abroad are related to tax incentives at home and production costs.

The disadvantages are related to the loss of opportunities for market expansion.

What impacted the internationalization of companies?

Globalization was the phenomenon that narrowed economic and social relations between countries, making it possible for companies to expand to other countries, in search of profitability and competitive advantages.

Therefore, the company must analyze the advantages and disadvantages related to the internationalization of its processes, aligning its objectives and strategies to identify the best course of action to be followed.

Find out more about internationalization here:

https://brainly.com/question/26330420

#SPJ2

What is the main disadvantage of choosing a high deductible on an insurance
policy?
A. The policyholder will have a larger expense if they file a claim.
B. The policyholder will have to pay a higher premium,
C. The insurance carrier will not cover "acts of God."
D. The insurance carrier will make a higher payout if something
happens.
SUBMIT

Answers

Answer:

A. The policyholder will have a larger expense if they file a claim

Having a higher deductable will reduce your monthly payments but you will pay more when a claim is filed. Insurance will cover the rest after you have paid your deductable.

Hope this helps :)

The policyholder with a higher deductible will have a larger expense at the time of claim. Thus, option A is correct.

What is an insurance policy?

An insurance policy is a legal document between the policyholder and the insurance company, which is there to help them insure at the time of need so that they can claim. and that will be covered by the insurance company. an insurance policy can be for health, a house, or a company.  

When a person chooses high deductibles, then it means he will have to pay a huge sum of amount for himself to get care before his insurance begins to fulfill the policy.

The policyholder would face a major disadvantage if he selects a  deductible on an insurance policy and has to pay a huge sum from his/her pocket.

Learn more about insurance policy, here:

https://brainly.com/question/14210737

#SPJ5

Name a laws that affects economic choices

Answers

Answer:

Labor Laws

Explanation:

Labor laws are laws that directly affect economic choices.

What effect do challenging team goals have on social loafing?
A) Challenging team goals causes incidences of social loafing to waver.
B) Challenging team goals have no effect on the incidence of social loafing.
C) Challenging team goals greatly increase the incidence of social loafing.
D) Challenging team goals greatly reduce the incidence of social loafing.

Answers

I think it’s C but I’m not quite sure about that

The impact the difficult group objectives have in friendly loafing is Testing group objectives significantly diminish the frequency of social loafing.

In this manner, choice (D) is precise.

Testing group objectives have been displayed to emphatically affect diminishing social loafing. Social loafing alludes to the propensity of people to apply less exertion while working in a gathering contrasted with while working separately.

At the point when colleagues are confronted with testing objectives, it makes a feeling of direction and inspiration inside the group. People are bound to feel responsible for their commitments and are less disposed to participate in friendly loafing conduct.

Learn more about Social loafing, from:

brainly.com/question/29750055

#SPJ6

Which sentences in the passage correctly describe the exit strategy of succession planning?

Anne plans to quit her business, as she wants to retire. She undertakes succession planning. She hires the services of a broker to invite suitable buyers for her company. She organizes self-assessment tests to understand the perceived strengths and weaknesses of the suitable candidates for her position. She organizes meetings to sell off her business assets.

Answers

Answer:

She organizes self-assessment tests to understand the perceived strengths and weaknesses of the suitable candidates for her position.

Explanation:

I took the test on edmentum/plato and got it right :)

The Martin Schneider Company manufactures a product called "The Super Magical Paper Clip" in a competitive market. It faces the following cost schedule.


At what minimum price would the Martin Schneider Company sell a box of 100 paper clips to cover production costs?

$5.58

$6.00

$6.42

$7.00

Answers

Answer:

the answer on edge is 6.00

Explanation:

you add the numbers on the chart

Buyer Beware Toy Company is unsure of whether to sell its product assembled or unassembled. The unit cost of the unassembled product is $30 and Buyer Beware Toy would sell it currently for $65. The cost to assemble the product is estimated at $21 per unit and the company believes the market would support a new price of $85 on the assembled unit. What decision should be made about whether to sell or process further?

A)
Sell before assembly, the company will be better off by $1 per unit.

B)
Sell before assembly, the company will be better off by $20 per unit.

C)
Process further, the company will be better off by $29 per unit.

D)
Process further, the company will be better off by $14 per unit.

Answers

I think it $1 per unit

Assuming Eliza gets rave reviews from the Hollywood star after the event, what might
happen to the demand for her business?
O It will increase
O It will decrease
O It will move to the left
O It will stay the same

Answers

it will increase :)!

What role does the government play in the economy’s circular flow ?

Answers

the government uses goods, and services to provide public goods like education, roads, and more


Which of the following is not an example of how you can reduce the full
cost of higher education?

Answers

To reduce the cost of higher education, what should not be done is to get low grades, because they can sanction you and you will have to repeat some subjects.

What is higher education?

Higher education is the education that a person accesses to specialize professionally in an area of ​​knowledge. Higher education is found in universities and there different specialized subjects are taken around a profession.

What to do to reduce the value of higher education?

To reduce the value of higher education, some students access scholarships that allow them to reduce these costs. However, scholarships generally require them to have high grades and maintain a high level of academic performance.

Therefore, if we want to reduce these costs we must get high grades and maintain a high average. On the other hand, if our grades are low, we are going to increase costs because we are going to have to pay for additional classes or repeat some of them.

Learn more about higher education in: https://brainly.com/question/2500637

#SPJ1


If you make only the minimum payment on your credit card by the due date
every month, what do you have to pay?

Answers

Answer:

Only a small percentage of a minimum payment is applied to the card's principal balance.

Explanation:

helping!!!

PLEASE HELP IN ONE MINUTE WILL MARK BRAINLIST



Answers

Answer:

B

Explanation:

It is the only positive incentive

A nonprofit organization is not a business.
A). True
B). False

Answers

Answer:

False

Explanation:

Im pretty sure this is the answer. Sorry if im worng.

Diane changes the size of an image with the format picture pane and keeps the original ratio of height to width of the object. What has Diane done to the image?

She has cut the object.
She has changed the aspect ratio.
She has resized the object.
She has scaled the object.

Answers

The aspect ratio is a measure of length and width. Diane by changing the size of the image, has resized the object.

What is the aspect ratio?

An image is the ratio of its width to its height and is expressed with two numbers separated by a colon, such as 16:9, sixteen-to-nine, which is called an aspect ratio.

Keep the aspect ratio the same and resize the image. And it's a feature that helps to zoom in or out the image of the object, and always maintains a balance between the same length and width.

This ensures that we have a view of the object with the same correction in aspect ratio. However, the aspect ratio is tied to the maximum length and maximum length. If we go beyond that, our image will fade.

Thus, the correct statement is Diana has resized the object.

Learn more about aspect ratio here:

https://brainly.com/question/21735495

#SPJ1

Sharpie Markers sells their markers directly to consumers for $2/marker.

Revenue: $500,000

Plastic: $200,000

Ink: $1,000

Advertising: $5,000

Overhead: $1,000

Depreciation: $25


Assume Sharpie wants to launch a “Holly Jolly” promotion, where they would discount their pens by 10%. How many more pens would they have to sell to justify this promotion from a contribution perspective?

A) 25.13% more pens
B) 20.08% more pens
C) None of the above, but I could find this answer with the info given
D) None of the above because I can't find the answer with the info given

Answers

The increase in pens that would be sold to justify this promotion from a contribution perspective is B. 20.08% more pens.

How to calculate the value?

The revised contribution will be:

= 0.2 - 1.196 = 0.996

The amount sold to maintain contribution will be:

= 299000/0.996 = 300201

The increase in volume will be:

= 50201/250000 × 100

= 20.08%

Learn more about promotion on:

https://brainly.com/question/7156426

#SPJ1

Carley is balancing her checkbook. She has written several checks on her account that do not show as being paid on her bank statement. Based on this information, which of the following will she need to remember to include when reconciling her account?
A.
Only deposits showing on her bank statement
B.
Outstanding withdrawals
C.
Outstanding deposits
D.
Only withdrawals showing on her bank statement

Answers

B: outstanding withdrawals

Given that there is a serious disadvantage to cost-based pricing, how would you account for its widespread use in retailing and other businesses?

Answers

Cost-based pricing is sometimes justified by arguing that it ensures that a company receives a good profit on the products that it sells.

What is cost based pricing?

It should be noted that cost based pricing simply means a pricing method based on cost of production and distribution of a product.

In this case, cost-based pricing is sometimes justified by arguing that it ensures that a company receives a good profit on the products that it sells.

Learn more about cost based pricing on:

https://brainly.com/question/18489977


Stephen discovers that the tennis shoes he just purchased are being offered
at a lower price by the same company. This is an example of:

Answers

The discovery of Stephen realizing that the same shoes he just purchased are being offered for a lower price by the same company is known as predatory pricing.

What is Predatory Pricing?

Predatory pricing is a marketing strategy that employs the approach of discounting on a wider scale, in which a dominating corporation in an industry may purposefully lower the prices of a product to potential loss levels within the short term.

Predatory pricing typically causes customers harm or loss and is viewed as anti-competitive in many regions, rendering the practice unlawful under several legal provisions.

Learn more about predatory pricing here:

https://brainly.com/question/14451551

What can you add in the Performance centre?

A. Banking alerts
B. New customer names
C. Additional charts
D. Amortization schedules

Answers

Answer:

The answer is A. Banking Alerts.

Explanation:

It helps people stay on top of things.

Banking alerts can you add in the Performance center. Thus option (A) is correct.

What is the performance?

A play, concert, or another type of entertainment is staged or presented as a performance. It can also be described as the process or action of doing or completing a deed, task, or function. A qualitative methodology known as "performance research" uses

You can add KPIs to your dashboard that are important to you as well as additional reports and measures of your data against previous periods or the same period last year.

Another exclusive feature of QBO Advanced is the performance center and configurable graphing. Your financial data can be shown in chart form, which makes it easier to grasp than just numbers alone. You are able to design a chart that shows up to 10 groupings of values on a single line.

Therefore, You can add banking notifications in the Performance center. As a result, choice (A) is right.

Learn more about performance here:

https://brainly.com/question/15466511

#SPJ2

Nikki is buying a new house and new furniture to decorate her new home. What kind of tax- progressive or regressive - will Nikki pay on each of her new purchases? Your response should also explain the difference between a progressive and a regressive tax.

Answers

Nikki is buying a new house and car which is the property he will hold. And property taxes are prone to regressive taxes.

What is the difference between a progressive and a regressive tax?

Property taxes are essentially regressive because, regardless of income, two individuals in the same tax jurisdiction pay the same amount of property tax if they live in homes with the same values.

In general, lower-income earners are assumed to dwell in less expensive homes, partially indexing property taxes to income.

A progressive tax is one that takes a larger share of the revenue from high-income persons than from low-income people.

A regressive tax is one that takes a bigger percentage of low-income people's income than high-income people's income.

Check the link below to know about tax-progressive-regressive;

https://brainly.com/question/9695290

#SPJ1

importance of information systems in organizations and management​

Answers

Answer:

Every organization needs records of its activities to find the cause of problems and proper solutions. Information systems come in handy when it comes to storing operational data, communication records, documents, and revision histories. Manual data storage will cost the company lots of time, especially when it comes to searching for specific data.

Explanation:

According to the video, what are some qualities that Cashiers need? Check all that apply.

efficiency
design skills
trustworthiness
courteousness
good spelling
independence
patience

Answers

Answer:1,3,4,7

Explanation: got it right ☃️

Answer:

its efficiency and trustworthiness and courteousness and patience

Explanation:

i got it right

You have been appointed as a manager at XTZ company. Your style of leading is an Autocratic style. this is a style where you take strict controls and actions over all management activities. the old culture that was present at XTZ company was very flexible due to the nature of old manager and all employees are now resisting to adjust to the new manager.Explain how are you going to solve this matter as a manager

Answers

It's important for the manager to change his leadership style in order to lead the workforce.

Who is a manager?

It should be noted that a manager simply means an individual who leads a team to achieve a common goal.

In this case, it's important for the manager to change his leadership style in order to lead the workforce. This is needed to being about unity and promote growth.

Learn more about managers on:

https://brainly.com/question/24553900

Mark told Maria he left her keys under the porch mat, but she
could not find them. Was a bailment created?
A. No, because she should not have given them in the
first place.
B. Yes, because he told her he was going to leave them.
C. Yes, because she agreed to the arrangement
originally.
O D. No, because the keys were not delivered to Maria.

Answers

Answer is B.,,,,,,,,

Answer:

D. No because the keys were not delivered to maria

Explanation:

Showing interest in your coworkers' views and culture is

Answers

A great way to make you and your coworkers feel great, even if you don't really care, showing interest in others P.O.V (point of view) and/or culture can actually peak your interest and make them feel proud of themselves! Have a great day! :)

-Matrix


Why might a business person purchase a fidelity bond?
A. To cover employee theft
B. To avoid purchasing insurance
C. To show loyalty to employees
O D. To fund a new company

Answers

Answer: A. To cover employee theft.

When entering the provider's Social Security number (SSN) or employer identification number (EIN) in CMS-1500 Block 25, a

a. hyphen is not entered.
b. hyphen is entered.
c. space is entered instead of a hyphen.
d. space or hyphen is entered.

Answers

Answer:

When entering the provider's Social Security number (SSN) or employer identification number (EIN) in CMS-1500 Block 25, a

Answer:

hyphen is not entered

Explanation:

Usually a CMS-1500 Block 25 looks like a bunch of digits

for example

999927999

We can't use hyphen inbetween

So option A

What should a consumer consider when deciding whether to purchase health insurance?
A.Whether they can use the money to travel instead.
B.Whether the policy will outlast the risks of making a claim
C.Whether the deductible is higher compared to other policies
D.Whether they can afford the cost of a serious accident or illness

Answers

Answer:

What should a consumer consider when deciding whether to purchase health insurance

D whether they can afford the cost lf a serious accident or illness.

A consumer should consider whether they can afford the cost of a serious accident or illness when deciding to purchase health insurance. Therefore, Option D is correct.

What is health insurance?

It is insurance that covers medical expenses that arise due to an illness. It includes all the expenses that could be related to hospitalisation costs, cost of medicines, or doctor's consultation fees.

This insurance covers all those who pay for health and medical expenses. Some of the insurance also covers all of the costs of routine care, emergency care, and treatment for chronic illnesses. It is a kind of financial protection in the event of having a serious accident or illness.

Therefore, Option D is correct.

Learn more about health insurance from here:

https://brainly.com/question/27356829

#SPJ5

Which of the following is NOT an example of a good?
A) a pair of shoes
B) a print advertisement
C) a dozen farm-fresh eggs
D) a barrel of oil

Answers

The answer is B, since a print advertisement is not a good and it is mainly used for marketing your product. Meanwhile all the other options are a good since it is tangible which means you can touch them.
I hope you find this answer helpful

Adrienne has several receipts from recent transactions that she entered in her records. The receipts include an ATM receipt for a $60.00 withdrawal (plus a $2.00 transaction fee), a grocery store receipt for $32.50, and a $1,200 paycheck deposit slip.

When she finishes entering her transactions, Adrienne realizes that her balance is incorrect. Assuming that Adrienne’s beginning account balance was $320.00, why is her balance incorrect?

Adrienne forgot to include the $2.00 ATM transaction fee.
Adrienne did not use $320.00 as her starting balance.
Adrienne deducted $23.50 from her balance instead of $32.50.
Adrienne did not enter her ATM withdrawal correctly.

Answers

Answer:D

Explanation:

When she finishes entering her transactions, Adrienne realizes that her balance is incorrect. Assuming that Adrienne's beginning account balance was $320.00, her balance is incorrect because Adrienne did not enter her ATM withdrawal correctly. The correct option is d.

What is an ATM?

An automated teller machine is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff.

ATMs are known by a variety of names, including automatic teller machine in the United States. In Canada, the term automated banking machine is also used, although ATM is also very commonly used in Canada, with many Canadian organizations using ATM over ABM. In British English, the terms cashpoint, cash machine and hole in the wall are most widely used.

Other terms include any time money, cashline, tyme machine, cash dispenser, cash corner, bankomat, or bancomat. ATMs that are not operated by a financial institution are known as "white-label" ATMs.

Learn more about ATM, here:

https://brainly.com/question/29773910

#SPJ5

Other Questions
What does tromp loeil arch mean? a. rounded arch b. secret arch c. fool the eye arch d. eye of the needle arch please select the best answer from the choices provided a b c d If an object goes through achemical reaction, but does notchange in mass, that object hasA. the same amount of gravityB. more gravityC. less gravity What was the purpose of European exploration?to discover trade routes to the New Worlddiscovery of new landsto determine if the world was roundto discover trade routes to Indiawind Now you should be prepared to write a draft of your essay. think back to your prompt, and complete this checklist to make sure youre ready. check all that apply to you. i know which side i am arguing. ive chosen evidence to support my claim. my evidence and reasons are appropriate for the task and purpose. my evidence and reasons appeal to logic by using facts, details, and statistics. ive identified a counterargument, and i know how i will respond to it. i have a strong outline. Hi, I need help, am struggling with this. Question is in image below. Cole goes to the farmers' market every month to buy some of Ms. Lin's homemade jam. The jam costs $5 per jar. Last weekend, Ms. Lin gave a 20% discount for buying at least two flavors. So, Cole bought b jars of blackberry jam and s jars of strawberry jam.Pick all the expressions that represent how much Cole spent on jam last weekend.0.20b + 0.20s0.80 (5b + 5s)4b + 4s4 (b + s)Please include an understandable explanation Edgy question please help What is the true solution to the equation below?2 in en 2x - In en 10x - In 30x - 30O x - 75OX-150X-300 how neglecting your homework effect your results negatively PLEASE HELP ME!!!I WILL MARK BRAINLIEST 5 The comparison drawn in lines 50 through 53expresses the Grandmother's(1) awareness of varying experiences of city life(2) contempt for the residents of the city(3) frustration with the inconvenience of city life(4)) inability to accept the beauty of the city Simplify: -15 + 23r + 9r^2 - 16r + 10 What food group would you find at the top of the food pyramid The principal limitation of wind power is unpredictability. please select the best answer from the choices provided t f _____ is a transition word that indicates time order.A.) MoreoverB.) NearbyC.) LikewiseD.) Meanwhile You guys r my people. I can't imagine life without you. If anyone reads this I mean you to know that: I love you no matter who you are, what you have done, what you will do, as long as you love me. Jupiter has a diameter86.881 mi. What is thecircumference of theplanet? What does "Her heals click-clacked across the hardword floor" means in Onomatopoeia examples. A coin is tossed two times what is the probability of getting tails twice For a certain reaction with an average percentage yield of 80 %; if the theoretical yield was 5.0 g then the actual yield will be ? write an expression to represent a number squared, added to 5