Ask Question
BusinessBusiness
12 April, 11:02

Which economic procedure best encourages voluntary exchange?

specialization

price ceilings

scarcity

government regulation

+4
Answers (2)
  1. 12 April, 12:24
    0
    Answer: (a) specialization

    Explanation: out of all the four options (i. e.: specialization, price ceilings, scarcity, government regulation) specialization is the economic procedure that encourages voluntary exchange the most. This is because in specialization, a country is not self-sufficient; it does not produce everything itself. It only produces those good or services, which it produces best in terms of price and efficiency and hence, since it is only producing limited products, it will have to rely on trade to obtain goods and services that other country, are producing better.
  2. 12 April, 13:23
    0
    i think its government regulations or possibly scarcity
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which economic procedure best encourages voluntary exchange? specialization price ceilings scarcity government regulation ...” 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
Fazel Company makes and sells paper products. In the coming year, Fazel expects total sales of $19,730,000. There is a 3% commission on sales.
Answers (1)
Sagan Co. had these transactions during the current period. June 12 Issued 80,000 shares of $1 par value common stock for cash of $300,000. July 11 Issued 3,000 shares of $100 par value preferred stock for cash at $106 per share. Nov.
Answers (1)
Which of the following roles is responsible for writing programming code?
Answers (1)
When a country that exported a particular good abandons a free-trade policy and adopts a no-trade policy, A. producer surplus decreases and total surplus decreases in the market for that good. B.
Answers (1)
An investment today of $8,424 at 6% will yield payments of $2,000 per year for five years, or total payments of $10,000 over five years. The reason for this increase is that the interest is being earned on principal that is left invested each year.
Answers (1)
New Questions in Business
A business purchases equipment by paying $6,276 in cash and issuing a note payable of $19,177. Which of the following occurs? Select one: A. Cash is credited for $6,276, Equipment is credited for $25,453, and Notes Payable is debited for $19,177. B.
Answers (1)
Using an example, explain the relationship between human resources and business objectives ...
Answers (1)
An investor purchased 100 shares of stock x at / small 6/frac{1}{8} dollars per share and sold them all a year later at 24 dollars per share.
Answers (1)
True or false: Google manages every aspect of Google Cloud Platform customers' security.
Answers (1)
Which sentences describe characteristics of a partnership? A. The owners are free from personal liability. B. The owners pool their resources to raise capital. C. The owners in a partnership are called members. D.
Answers (1)
Home » Business » Which economic procedure best encourages voluntary exchange? specialization price ceilings scarcity government regulation
Sign Up Forgot Password?