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Q: What does the excerpt point to as an advantage of exporting goods to another country?
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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

Which sentences in this excerpt from Ernest Hemingway's In Another Country reflect the theme of the psychological alienation caused by war?

Please provide the excerpt from Ernest Hemingway's In Another Country so I can help you identify the sentences that reflect the theme of psychological alienation caused by war.


Which country is Lewis refuring to in this excerpt from his journals?

The ohio territory


What are example sentences with excerpt in?

An excerpt is a part of a piece of writing generally used to back up another piece of writing. If you are quoting a book for an essay, you are using an excerpt. A sentence might be, "The excerpt from 'Little House on the Prairie' was useful in my essay about pioneer life."


What does this excerpt reveal about Crusoe's attitude toward other cultures?

Crusoe is willing to manipulate different cultural values to his advantage. -Apex


Henry's actions in this excerpt illustrate an important theme the desire within man to prove his patriotism to his country. This theme stands in contrast to which other theme within this excerpt?

D


A literary term for a passage taken from another work?

The literary term for a passage taken from another work is an "excerpt." This is a brief selection or quotation from a book, article, or other piece of writing. Excerpts are often used to support an argument, provide evidence, or introduce a text.


What part of speech is excerpt?

Excerpt is a noun.


What is the abbreviation for excerpt?

Exc. is the abbreviation for excerpt.


What do the words liberty and all men created equal in this excerpt from Lincoln's Gettysburg address?

All of the above


What excerpt from Good Country People is the best example of figurative language?

The reson for her keeping them So long was that they were ... good county people


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.