Mary buys a new toaster for $500. the toaster's label bears a disclaimer stating that the manufacturer is not liable for consequential damages. one morning while mary is using the toaster, it emits sparks and damages the electrical wiring in the kitchen. the electrician tells mary that the toaster malfunctioned and that the cost of repairs in her kitchen would amount to $2,000. what amount of monetary damages can mary likely recover from the manufacturer of the toaster

Which of the following best explains how the invention of money affected the barter system? a. the invention of money supplemented the barter system by providing a nonperishable medium of exchange b. the invention of money completely replaced the barter system with a free-market system c. the invention of money had no effect on the barter system d. the invention of money drastically reduced the value of goods used in the barter system 2b2t

How supply and demand work together to reach the equilibrium price in the marketplace? give at least a paragraph. you!

Suppose that: 1. malaysia requires 1 hour of labor to produce 1 pound of rice and 2 hours of labor to produce 1 pencil; 2. indonesia requires 2 hours of labor to produce 1 pound of rice and 4 hours of labor to produce 1 pencil; 3. each country has 10,000 hours of labor to allocate between the production of rice and pencils; and 4. in autarky, malaysia consumes 5,000 pounds of rice and 2,500 pencils. which country has an absolute advantage in rice production? in pencil production? which country has a comparative advantage in rice production? in pencil production? will trade between the two countries be mutually beneficial?