What does the concept of scarcity explain? Choose three answers.
why a product could lose significant value over time.
why people continue to purchase different products.
why consumers are willing to pay high prices for items.
why decisions must be made on how to use resources
why resources can be both renewable and nonrenewable.
why a single resource has more value than another resource.
'Scarcity' is defined as the economic concept that refers to the situation of 'having finite resources and infinite demands.'
The concept of 'Scarcity' explains:
C). why consumers are willing to pay high prices for items.
D). why decisions must be made on how to use resources
F). why a single resource has more value than another resource.
The term 'scarcity' elaborates the causes of all the above-stated problems. Since the demand for produced goods, as well as, services is endless and the resources available to meet this demand are limited, there is an imbalance between the demand and supply. This leads to the hike in prices of the available goods so that one could afford to pay higher will take the good. This makes it important for deciding upon the efficient utilization of resources so that every individual's demand can be satisfied up to some extent.The single resources cost higher due to this reason only as it develops a competition among the buyers.Learn more about 'scarcity' here:
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Answer:
C, D, F
Explanation:
How the business can use creative thinking to solve business problems
Explanation:
Creative thinking helps you to see opportunities in the marketplace or come up with a unique solution to a problem—and isn’t this the cornerstone of any business?
Creativity is key to innovation. When issues come up, you’ll be able to think of ways over, under, or through the roadblocks.
Creativity stimulates the brain and helps us to wake up and pay attention. Noticing more of what’s around us aids in developing novel approaches to help your business stand out.
Creative thinking helps you keep your business presence fresh. You’ll be able to constantly reinvent your business in order to stay in your customers’ awareness.
Creativity helps you shift your perception so you can better understand your customers’ point of view.
Creativity gives you a higher tolerance for risk—you’re used to working through fear of failure.
Creativity improves your leadership skills. Being an effective leader means being creative in your approach and problem-solving. When you have the capacity to let go of the outcome and be open to out-of-the-box thinking, you free your business team up for generating new ideas.
Creativity helps you to broaden your vision of what it means to be successful in your business—what it can offer to the world.
Creativity strengthens your resilience. When those inevitable stressful periods come up, you’re able to bounce back faster instead of getting derailed.
Creativity invites flow and feels good, and when you feel good, you attract your ideal customers and clients.
Can you creatively think of even more ways that creativity can help your business?
Please, discuss 2-3 major advantages and disadvantages of both free market and the command way of running the cafeteria.
Answer:
Free MarketA free market economy promotes the production and sale of goods and services, with little to no control or involvement from any central government agency.
Explanation:
Advantage:
Absence of Red TapeFreedom to InnovateCustomers Drive ChoicesDisadvantage
Limited Product RangesDangers of Profit MotiveMarket Failurescommand way of running the cafeteria.There are advantages and disadvantages of running the cafeteria in either way. In the original example, the cafeteria is being run like a command economy. In this scenario, all students are looked after; the meals are cheaper because they are government subsidized, and the food is healthier because the students do not have as much of a say. Some disadvantages of this way of running the cafeteria include that the students are very dissatisfied with the school food, there are feelings of frustration because the principal won’t listen to the students’ requests, and the students have turned to a silent rebellion to voice their opinion. Running the school like a market economy also has advantages and disadvantages. The students are far more satisfied with their school food, and are pleased that their voice is listened to, however they are eating less healthy foods, and the lunch is more expensive because it is not government.
Jacob, the owner of Unicorn Systems, wants to inform employees that they will receive a twenty percent salary cut to help the company survive a recession. If Jacob communicates this bad message in an honest and an open manner, it will likely
A. enhance Jacob's credibility.
B. undermine Jacob's character.
C. increase the negative impact of the bad news on employees.
D. signify that Jacob is incompetent in challenging situations.
E. damage the company's chances of long-term success.
FCCLA's mission is: to promote personal growth and _______ ________ through family and consumer sciences education.
Answer:
FCCLA's mission is:to promote personal growth and leadership development through family and consumer sciences education.
On July 1, 2021, Bonita Industries issued 3500 of its 10%, $1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2021 and mature on April 1, 2031. Interest is payable semiannually on April 1 and October 1. What amount did Bonita receive from the bond issuance
Answer:
On July 1, Year 1, Howe Corp. issued 300 of its 10%, $1,000 bonds at 99 plus accrued interest.
The bonds are dated April 1, year 1 and mature on April 1, year 11. Interest is payable semiannually on April 1 and October 1.
What amount did Howe receive from the bond issuance?
a) $304,500
b) $300,000
c) $297,000
d) $289,500
a) $304,500
The amount received is the price of the bonds plus interest from April 1, the bond date, to July 1, the issue date:
Amount received = .99(300)($1,000) + .10(3/12 year)(300)($1,000) = $304,500
The second term in the above calculation uses 3/12 of a year, which is the portion of a year between April 1 and July 1.
Which of the following is NOT a function of the Federal Reserve?
To promote stability of the financial system.
To collect taxes from taxpayers.
To conduct monetary policy.
To provide banking services to commercial banks.
To provide banking services to the federal government.
Answer:
To collect taxes from taxpayers
What is the rationale behind the optimal choice of the consumer?
According to the Law of Supply, what's the result of an increase in the supply of workers for a job, if all other factors remain equal?
Question 12 options:
A:The wage rate will increase, since the pool of talented workers has increased.
B:The wage rate for that job will be pushed down.
C:The wage rate for that job will shift closer to the average rate in that country.
DThe wage rate will be unaffected, since jobs factor in skill and experience.
Answer:
Its A
Explanation:
i just took the test
Assuming all other conditions are equal, the outcome of a rise in the supply of workers for a job Due to the increase in the number of qualified people, wages will rise. Hence option A is correct.
What is Law of Supply ?A key tenet of economic theory is the rule of supply, which asserts that an increase in price will result in an increase in the quantity supplied, all other things being equal.
In other words, there is a direct correlation between price and quantity, and quantities react to price changes in the same way. This indicates that manufacturers are willing to increase production as a means of raising profits in order to sell more of a product on the market at higher prices.
The law of supply, to put it simply, is an association between quantity supplied and the supply curve's rising slope is caused by price and.
According to some heterodox economists like Steve Keen and Dirk Ehnts, the supply curve for mass-produced items is frequently downward-sloping: as production rises, unit prices fall, and vice versa, if demand is extremely low, unit prices rise.
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# SPJ 5
how does the inflation affect the standard of living
Answer:
Inflation affects your standard of living because it can reduce your spending power. Retirees are often greatly affected by inflation because many retirees live on a fixed income.
Explanation
Consequently, their disposable income is reduced as day-to-day expenses consume an ever growing portion of their income.
Explanation:
Inflation affects your standard of living because it can reduce your spending power. Retirees are often greatly affected by inflation because many retirees live on a fixed income.
Answerrsss please!!!!!
Answer:
A- Lender
B- Plan
C- closing Balance
3
A- False
B- True
C- True
D- False
Many economists believe that the growth of the money supply is A. not related to output growth. B. inversely related to the price level. C. directly related to interest rate growth. D. positively related to the growth of real GDP.
Answer:
D.
Explanation:
They believe that controlling the supply of money directly influences inflation and that by fighting inflation with the supply of money, they can influence interest rate in the future.
How do u explain evil deeds done by otherwise!
PREJUDICE IS A THEME DEVELOPED IN HUMAN BEINGS, WHEN SOMEONE IS ABOUT TO SUCCEED AND A MIDDLE PERSON CANNOT AFFORD TO SEE THE GROWTH IN OTHER THAT ARE NOT HIMSELF(S) / HERSELF(S).
AND THIS BEHAVIOR IS MOSTLY PRESENT IN PEOPLE WHO HAVE NOT HAD GOOD EXPERIENCES IN DURING THEIR LIVES.
MARK “BRAINLIEST.”
Identify an accurate statement about groups of customers with similar need sets. Multiple choice question. They always have identical demographics. They belong to a single, homogeneous demographic group. They can have sharply different demographics. They never have varied demographic features.
When there is a group of customers that have the same requirement sets so the following should be the accurate statement.
The statement "It could have clear various demographics" is correct.
The following information related to the customer is:
It is an individual or the business that buys the goods or services of the company. Without customers, the company could not survive out, neither company could able to make a profit. Now if there are various customers and all have the same kind of needs so it means that there are different demographics.Therefore all other options should not be considered.
Thus we can conclude that The statement "It could have clear various demographics" is correct.
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The following is the trial balance of kencho sales located in Tabs, Thimphu as on 31st December 2019.You are required to prepare financial statements as at 31st December 2019.
which of the following assets is the most liquid
Answer:
A. A $20 bill
because cash is the most liquid asset
Reference:
https://africa.businessinsider.com/markets/what-are-liquid-assets-a-guide-to-the-investments-that-are-easiest-to-cash-in-and-why/k6073h1
From the provided options, the most liquid asset is the bill stating $20.
Option A is correct.
What is an asset?An asset is the monetary resource of a company which is acquired in order to get benefits in the future years.
The bill of $20 is considered to be the current asset as it can be converted into cash in short span of time in comparison to the checking account. The current assets are most liquid assets of the balance sheet.
Therefore, the asset given in option A is correct.
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#SPJ2
Which of the following is not an example of
institutional consumers?
Answer:
which of the following but where are the following broo
como hacen las siclas para que uno no se caiga
con materials duro que aguantan bastante peso.
Answer:
lo que dijo thay
Explanation:
wat is the definition of economics
How do you redeem a winning lottery ticket?
sick leave programs Sick leave programsA) must be provided by all employers according to the law.B) are based solely on the age of employees.C) pay employees for days not worked due to illness.D) are mandatory forms of unpaid leave.E) are forms of floating holidays.
Answer:
A
Explanation:
Paid sick leave allows workers to keep their jobs and increases worker loyalty. ... Paid sick leave increases worker productivity by allowing workers to be absent, recover at home, seek medical help in time, and then return to work being more productive.
four reasons why Corona virus could be harmful to economic growth??
Answer:
Employees have to be let go because social distancing is a thing
Businesses are not getting enough customers because of quarantine, which leads to them shutting down
Factories that supply stores are shut down to prevent spread in factory lines
For those with computer jobs, working from home does not give an employee as much freedom with printing or scanning as it does at work, which slows down the completion of assignments and lowering the business`s dependability
Takisha Jorimoto works in finance for a small microbrewery. This week Takisha is working on a budget for the next 12 months. She has been doing research to determine prices for the new equipment the company will need in the next 12 months to stay competitive in this market. Which of the steps in financial planning is Takisha involved in
Answer:
to follow her heart
Explanation:
and you will follow the steps
Your business has conducted four market research surveys in the past year . The cost per survey is as follows : survey 1: $900 survey survey 2 : 1,200 survey 3: 1,500 survey 4: 1,700. What is the average cost of the market research surveys?
Answer:
$1325
Explanation:
[tex](900 + 1200 + 1500 + 1700) \div 4[/tex]
[tex] = 5300 \div 4[/tex]
[tex] = 1325[/tex]
1. Who makes trade-offs?
Answer:
individual, government and businesses makes trade-offs.
Explanation:
this question is in economic chapter 1 session 2 right ?
ummm.......please mark me brainlist
Briefly explain how the government uses taxation as a redistribution method
Answer:
The purpose of this is to increase economic stability.
List the basic elements of business plan
Answer:
Company Description
Market Analysis
Competitive Analysis
Marketing Plan
Sales Strategy
Explanation:
Mark me the brainliest if it helped
1) A small firm employs nine workers. The wages it pays to these workers are $200, $220, $280, $300, $310, 320, $330, $350 and $390 a week. What is the average wage paid?
solution :
sum of dollar =200+220+280+300+310+320+330+
350+390
Now,
average =total sum of all dollar
total sum of worker
=2370
9
=263.333#
A trust established by your will that becomes effective upon your death is called a(n) ____________ trust.
testamentary
living
irrevocable
revocable
Answer:
testamentary trust is the answer.
Answer: hello, your answer would be TESTAMENTARY
Explanation:
i just finished the test and got it right
When a salesperson is discharged for a violation of any of the provisions of the Real Estate Law, the employing broker must immediately file a __________ with the Commissioner.
