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politicians
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What are two types of trade protection that economist do support?
two types of trade protection that economists
Explain why some economists argue that payment by cheque is thesame as giving trade credit?
Some economists argue that payment by cheque is the same as giving trade credit since both involve transactions which are not made in cash .
When a nation imports more than it exports economists say it has what?
Its known as a trade surplus
When a nation exports more than it imports economists say it has?
Its known as a trade surplus
Do economists use graphs to analyze the choices and trade offs that people make in society?
True
Who benefits from free trade According to economists like Adam Smith?
politicians
According to Adam smith who benefits from free trade?
politicians
What do economists generally support?
Economists generally support international trade.
What did economists measure and define trade-offs as?
When economists defined trade-off, they measured opportunity cost. Trade-off is letting go something of value in exchanging for something else that still has some value.
What are two types of trade protection that economist do support?
two types of trade protection that economists
Explain why some economists argue that payment by cheque is thesame as giving trade credit?
Some economists argue that payment by cheque is the same as giving trade credit since both involve transactions which are not made in cash .
When a nation imports more than it exports economists say it has what?
Its known as a trade surplus
When a nation exports more than it imports economists say it has .?
Its known as a trade surplus
When a nation exports more than it imports economists say it has?
Its known as a trade surplus
When a nation imports more than it exports economists say it has a?
Its known as a trade surplus
The industrial revolution began in Great Britain partly because economists there?
unrestricted trade
According to smith why did chief Powhatan decide to spare smith's life?
Chief Powhatan decided to spare Smith's life after Smith's own account of the events earned him respect and admiration in Powhatan's eyes. Smith's stories of the powerful English king and threats of retaliation if he were harmed likely played a role in Powhatan's decision to let him live. Additionally, Powhatan may have seen potential benefits in maintaining a positive relationship with the English for trade and mutual protection.
