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Q: Based on the excerpt below what benefit would do US gain by investing in the rehabilitation of Europe through the Marshall plan?
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Continue Learning about Economics

The excerpt below is from Adam Smith and The Wealth of Nations. Which of his economic philosophies can be seen in modern free enterprise systems?

Capitalist countries rely on competition between businesses to set fair prices for goods.


The meaning estoppel in real estate?

Here is an excerpt from a previous Answers.com topic regarding estoppel. I take no credit for this definition, but believe it will accurately address your inquiry.A doctrine of law that stops one from later denying facts which that person once acknowledged were true and others accepted on Good Faith.Example: Abel signs a certificate acknowledging that he owes $10,000 on a Mortgage as of a certain date. Later he contends that he owed only $5,000. Abel is prevented from asserting this new contention under estoppel.


Subway franchise business plan example?

An excerpt of their business plan is: "Customers want fast food to be just that, fast. Potential Subway customers will choose McDonalds, Burger King, or Wendy's because the restaurants make known the fact that they seek to deliver the customer's order in the least amount of time possible. Some of these customers may be daunted from choosing Subway because they expect a longer weight time for a custom sandwich. Because they must instruct workers how to make their sandwiches almost from scratch, potential customers may also be concerned that Subway employees may make errors when constructing their orders." You can directly obtain this information from Subway together with their Franchise information by visiting the Related Links below, and filling out the short form.


Q3 Explain briefly the technique of marginal costing In what ways do you consider this?

The marginal cost of an additional unit of output is the cost of the additional inputs needed to produce that output. More formally, the marginal cost is the derivative of total production costs with respect to the level of output. Marginal cost and average cost can differ greatly. For example, suppose it costs $1000 to produce 100 units and $1020 to produce 101 units. The average cost per unit is $10, but the marginal cost of the 101st unit is $20 The Econ Model applications Perfect Competition and Monopoly emphasize the roles of average cost and marginal cost curves. The short movie Derive a Supply Curve (40 seconds) shows an excerpt from the Perfect Competition presentation that derives a supply curve from profit maximizing behavior and a marginal cost curve.


What is Dow Jones index based upon?

This was a good question as it made me learn the answer myself! Here's the link from wikipedia: http://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average And here's an excerpt explaining the Index. The Dow Jones Industrial Average (NYSE: DJI, also called the DJIA, Dow 30, or informally the Dow industrials, the Dow Jones or The Dow) is one of several stock market indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow. Dow compiled the index as a way to gauge the performance of the industrial component of America's stock markets. It is the oldest continuing U.S. market index, aside from the Dow Jones Transportation Average, which Dow also created. Today, the average consists of 30 of the largest and most widely held public companies in the United States. The "industrial" portion of the name is largely historical—many of the 30 modern components have little to do with heavy industry. To compensate for the effects of stock splits and other adjustments, it is currently a scaled average, not the actual average of the prices of its component stocks—the sum of the component prices is divided by a divisor, which changes over time, to generate the value of the index.

Related questions

Based on this excerpt what benefit would the US gain by investing in the rehabilitation of Europe through the Marshall Plan?

Answer this question… The United States would benefit through world economic stability.


What does the excerpt suggest about European imperialism during the late 19th-century?

You need to answer this question because we don’t have the excerpt nor do we do homework. Your teacher is looking for your critical thinking skills.


What part of speech is excerpt?

Excerpt is a noun.


What is the abbreviation for excerpt?

Exc. is the abbreviation for excerpt.


What question was Thucydides trying to answer in this excerpt?

Give the excerpt and you might get an answer.


What is a sentence for excerpt?

The teacher asked us to read an excerpt from the novel before class.


Which line from this excerpt contains imagery?

I'm not sure which excerpt you are referring to. Can you provide me with the excerpt so I can identify the line containing imagery for you?


What does this excerpt reveal about the temperaments of psyche of burma?

You need to include the excerpt.


What does this excerpt reveal about the temperaments and pysche of the burma?

You need to include the excerpt.


How do you use the word excerpt in a sentence?

An excerpt is a selected portion from a longer work such as a film or book. So long as you bear in mind its correct meaning, you can use the word "excerpt" in much the same way that you use the word "sample."The trailer shows an excerpt from the film "Avatar."The author read an excerpt from his new novel. I used an excerpt of the speech in my term paper.


read this excerpt from Harrison Bergeron: The ballerinas - which societal problem is best represented from this excerpt?

The need for everything to be fair


read this excerpt from "the grapes of wrath". Which best describes the tone of this excerpt?

sympathetic