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Trade creates value because: O idle resources are put to use. O people get what they want. O raw materials are transformed inHow are wealth and economic growth related? Economic growth causes increases in wealth. Increases in wealth help facilitate eTrade makes people better off when: O some people are less productive than others. O people cannot specialize in certain actiAs a result of an increase in the supply of savings: O both the interest rate and the demand for borrowing increase. O the inWhich investment strategy is typically more profitable over a long period of time? O passive O subversive O introversive O ac

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Answer #1

1. Ans - people exchange things they do not want for things they do.

Trade provides an avenue that people exchange things they dont want with the things they need.

2. Ans - Economic growth causes increases in wealth.

3. Ans - people have different prefrences.

4. Ans - the interest rate decreases, but the number of borrowing increases.

Explanation:

The increase in saving shifts the loanable fund supply curve to write which decreases the interest rate and the quantity or the amount of lonable fund demand increases in the equilibrium

5. Ans - Passive

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