Ask Question
BusinessBusiness
25 October, 07:10

Why do markets need social ties? A. to maintain alliances of kinship and friendshipB. to maintain levels of trust necessaryC. to carry out economic transactions D. to facilitate repeated transactions E. to diminish the influence of random, one-shot transactions on market exchanges

+5
Answers (1)
  1. 25 October, 10:24
    0
    The correct answer are letter "B" and "C": to maintain levels of trust necessary and to carry out economic transactions.

    Explanation:

    The world market we are into today would not have been possible without countries having social ties. Every good relationship is base on trust, so for economies to risk assets over another, there must be a certain level of trust developed between them. Those economic transactions are not only useful to boost each country's revenues but also it is a reference for unusual regions to get interested in them to start new commercial partnerships.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Why do markets need social ties? A. to maintain alliances of kinship and friendshipB. to maintain levels of trust necessaryC. to carry out ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A company uses a behaviorally anchored rating scale (BARS) for performance appraisals, but it is finding that is at work;
Answers (1)
Which of the following has the lowest housing prices and the smallest population density
Answers (2)
Gideon company uses the direct write-off method of accounting for uncollectible accounts. on may 3, the gideon company wrote off the $2,000 uncollectible account of its customer, a. hopkins.
Answers (1)
Select all that apply. If you want more information about services available at a bank, you can use the following resources. a. printed material b. customer service representative c. bank teller d. loan officer e. bank web sites
Answers (1)
Carmen owns a 2009 toyota camry that has been driven 24,000 miles and, to his knowledge, has no mechanical problems. he offers to sell the car to his friend jamie for $12,000. jamie accepts carmen's offer. jamie and carmen have a (n) :
Answers (1)
New Questions in Business
The attribution theory of leadership says leadership is merely an attribution people make about other individuals. T/F
Answers (1)
A gift shop ended the year with a balance of $20,000 in the Merchandise Inventory account. A physical count of the inventory revealed that only $19,500 of inventory existed at year end.
Answers (2)
Write a persuasive answer to the question: should the minimum wage be raised? support your answers with details from the wall street journal articles, and chapters 9 and 10 of economics: principles in action, or any other activity from unit 3.
Answers (1)
You want to restrict data entry to whole numbers greater than 100. what do you create to enforce this data-entry restriction
Answers (1)
Suppose that the inverse demand equation is p = 100 minus 2Q and the supply equation is p = 2Q. If the price is controlled at $60 , this is a price floor.
Answers (1)
Home » Business » Why do markets need social ties? A. to maintain alliances of kinship and friendshipB. to maintain levels of trust necessaryC. to carry out economic transactions D. to facilitate repeated transactions E.
Sign Up Forgot Password?