scarcity forces people to

Answers

Answer 1

Answer:

Because we don't have enough resources to provide all of the goods/services in the quantities that are wanted, scarcity forces us to make decisions about which goods/services we value higher.

Explanation:

Answer 2

Answer:

make choices

Explanation:

Scarcity forces all of us to make choices by making us decide which options are most important to us. The principle of scarcity states that there are limited goods and services for unlimited wants.


Related Questions

poor farmer intends to cultivate three acres of paddy but the necessary credit facilities for such farming. The farmer needs money to prepare and till the land. Farmer approaches you for expert advice on how to get the necessary credit facilities. Advise the farmer on the best mode of Islamic microfinance for their needs and explain the procedure and conditions for the validity of the contract.

Answers

The advice which I would give to a poor farmer who intends to collect a loan to cultivate three acres of paddy with Islamic microfinance is that he should show his business plan to the bank.

The procedure which he needs to take include:

Submitting his business plan.Checking his credit history/worthiness.Talk to the bank finance advisor about their loan plans and validity.

What is a Loan?

This refers to the money collected for the purpose of solving a need or making an investment in a business.

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Supply-side economics attempts to stimulate output and lower unemployment by

A).reducing taxes to stimulate investment and consumer spending.
B.)increasing government spending on public works projects.
C.)increasing government spending during times of high employment
D.)providing social programs as a safety net for the unemployed.

Answers

Supply-side economics attempts to stimulate output and lower unemployment by reducing taxes to stimulate investment and consumer spending.

What is supply-side economics?

Supply-side economics is a economics theory that focuses on the  supply of labour and goods. It postulates that taxes and benefits can be used as incentives to stimulate the economy.

Supply-side economics was introduced by Arthur Laffer and implemented by Pres. Ronald Reagan in the 1980s.

What is the difference between the distribution and the consumption of an item?
A. One deals with the creation of an item; the other deals with the use of an item.
B. One deals with transporting the item from where it was produced to the location where it will be sold; the other deals with the consumer's use of the item after purchase.
C. One deals with deciding how much to charge for an item; the other deals with reconstructing the item in another format.
D. One deals with the creation of an item; the other deals with the transportation of the item from where it was made to where it will be sold.

Answers

Answer:

A. One deals with the creation of an item; the other deals with the use of an item.

Explanation:

Production means "To make" and consumption is putting to use of something.

factors of production

Answers

Answer:

Land, capital, labor, and entrepreneurship are factors of production.

The percentage change in the quantity supplied in response to a percentage change in the price is known as the
Select one:

A.
slope of the supply curve.

B.
excess supply.

C.
price elasticity of supply.

D.
All of these.

Answers

Answer:

I think it is A I don't think I am correct so yeah

NEED HELP PLEASE
1. Explain why celebrity endorsements are risky agreements for companies.
2. Why do you think the FTC creates laws governing celebrity endorsements? To whom do these laws benefit?

Answers

Answer:

The FTC created laws governing celebrity endorsements to protect all parties involved in the endorsement because without them, celebrities could lie about their contracts

Explanation:

Max wants to become a dentist. He knows he needs to keep his GPA high to reach this goal. Which of the following is a mid-term goal to help him do this?

Answers

Answer: A goal refers to something you want to achieve. These goals could be short term, mid-term and long term. Short term goals are the ones you want to accomplish in less than a year. Mid-term goals refers to the things you want to achieve in three to five years and long term goals refers to things that take 10 years to accomplish.

(Guessing, i could be wrong but i like helping so here your go i guess)

Explanation:

DOs and DON’Ts

DO Organize your response. Look at the question; it has a natural

organizational pattern – a blueprint.

DO Ask your friends and family to help you remember all the details

from which you can select when you write your essay. It is easy

to forget things you have done in the past.

DO Fit your essay into the big picture of your application. If you say

you have always wanted to be a veterinarian, but have no

evidence to show that you have ever been exposed to that

career, your words will be suspect.

DO Show what you are like as a person, but be as selective as

possible. This is not a biography, but a demonstration of the

characteristics that prompted your career choice.

DO Find a controlling idea for your essay. Smooth prose leaves a

good impression. A series of short, curt sentences does not.

DO Find a controlling idea for your essay. Smooth prose leaves a

good impression. A series of short, curt sentences does not.

DO Be positive and upbeat in tone.

DO Show that you know something more about the field you have

chosen than what you have seen on TV or in movies.

DO Take your drafts to the College Writing Center or ask a

guidance counselor for help. Does the essay flow? Is the main

point clear? Do you sound like a real person (preferably an

interesting real person)? Do you have enough detail? Too much

detail?

DO Revise the essay and proofread.

DO Show your final draft to friends. Ask them, “Does this sound like

me?”

DON’T Just tell a story. You want to explain your career goals in

an interesting way, not entertain with descriptive

adjectives.

DON’T Assume names of people and places give enough

information. Describe your activities and experiences as

they relate to your career goals.

DON’T Write what you think the scholarship committee wants to

hear. The committee members can detect b.s. before

opening the packet.

DON’T Use clichés or generalities. This wastes valuable space and

time.

DON’T Brag. Trust that your good points will shine through

Answer:

"Max will work hard to earn all A's on his report card next year."

Explanation:

Design Thinking is the discipline of developing solutions to create significant
value for clients by keeping end user experience at its core.
True or False?

Answers

This is a true statement

Adah works in logistics for a manufacturing firm and manages inventories. Her managers want the organization to be more lean, but Adah knows that stockouts can lead to customer dissatisfaction. Thus, determining optimal reorder points is vital. If the usage rate of her current product is ten units per day, the order lead time is five days, and the safety stock is ten, what is the reorder point

Answers

The reorder point for Adah's Logistics Company is 60 units.

What is the reorder point?

The reorder point (ROP) is the specific level at which stock needs to be replenished to avoid customer dissatisfaction while achieving inventory leanness.

In other words, the reorder point is the point at which orders can be placed to replenish stock without encountering a stockout or overstocking.

The calculation of the reorder point is to multiply the average daily usage rate by the lead time in days, plus safety stock.

Data and Calculations:

Usage rate per day = 10 units

Lead time = 5 days

Safety stock = 10 units

Reorder point = 60 (10 x 5 + 10)

Thus, the reorder point for Adah's Logistics Company is 60 units.

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PB10-4 (Algo) Comparing Bonds Issued at Par, Discount, and Premium [LO 10-3]
Marshalls Corporation completed a $540,000, 8 percent bond issue on January 1, 2021. The bonds pay interest each December 31 and mature 10 years from January 1, 2021.



Required:

For each of the three independent cases that follow, provide the amounts to be reported on the January 1, 2021, financial statements immediately after the bonds were issued

Answers

The amounts that would be reported on January 1, 2021, financial statements of Marshalls Corporation after the issuance of the bonds under these three independent cases are as follows:

Financial statements                  Case A             Case B             Case C

                                          (Issued at 100)   (Issued at 96)    (Issued at 104)

a. Bonds Payable                   $540,000         $540,000          $540,000

b. Unamortized Premium      

   (or discount)                      $0                         $21,600              $21,600

c. Carrying Value                 $540,000            $518,400           $561,600

Data and Calculations:

Face value of bonds payable = $540,000

Bond interest = 7%

Bonds issued at par (at 100):

Face value of bonds payable = $540,000

Cash proceeds = $540,000

Unamortized premium (or discount) = $0 ($540,000 - $540,000)

Bonds issued at discount (at 96):

Face value of bonds payable = $540,000

Cash proceeds = $518,400 ($540,000 x 96%)

Unamortized discount = $21,600 ($540,000 - $518,400)

Bonds issued at premium (at 104):

Face value of bonds payable = $540,000

Cash proceeds = $561,600 ($540,000 x 104%)

Unamortized premium = $0 ($561,600 - $540,000)

Question Completion:

Marshalls Corporation completed a $540,000, 7 percent bond issue on January 1, 2021. The bonds pay interest each December 31 and mature 10 years from January 1, 2018.

Required: For each of the three independent cases that follow, provide the following amounts to be reported on January 1, 2018, financial statements immediately after the bonds were issued: (Deductions should be indicated by a minus sign.) January 1, 2018—Financial statements Case A (Issued at 100) $ 650,000 Case B (at 96) 650,000 Case C (at 104) 650,000 $ $ a. Bonds Payable b. Unamortized premium (or discount) c. Carrying Value

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Match each graph with the correct location where it could be used in that scenario.

Answers

Answer:

f

Explanation:

the first is with the fourth and the third is with the second and 1 is with 1

Answer:   Purple- top left

green- top right

blue- bottom left

red-bottom right.

Explanation:

The Purchase and sales agreement provides for release of earnest money to the seller after the buyer's property inspection. The seller requests the earnest money prior to the property inspection. The broker should *

Answers

The broker should refuse to release the earnest money even after the  seller requested the earnest money prior to the property inspection.

What is earnest money?

Earnest money refers to the deposit paid by a buyer to a seller, reflecting the good faith of a buyer in purchasing a home.

It is the money paid to a merchant or seller to complete a contract or money paid to a merchant / seller to show good faith in the transaction.

Hence, the broker should refuse to release the earnest money even after the  seller requested the earnest money prior to the property inspection.

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larner corporation is a diversified

Answers

Larner Corporation is a diversified manufacturer of industrial goods.

Fund P has one-third of its funds invested in each of the three stocks. The risk-free rate is 4.5%, and the market is in equilibrium. (That is, required returns equal expected returns.) What is the market risk premium (rM - rRF)

Answers

The market risk premium of Fund P will be 5.5%.

How to calculate the market risk premium?

It should be noted that as per CAPM, the return in stock will be:

= Risk free rate + Beta × Market risk premium

8.90% = 4.5% + 0.8 × Market risk premium.

Market risk premium = 5.5%

In conclusion, the market risk premium of Fund P will be 5.5%.

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In business letters the salutation must address a position. a. True O b. Rarely OC. Always O d. False​

Answers

Answer: True

Hope that helps!

True or False: Cutting advertising expenses often causes an erosion of profit

Answers

Answer:

So True

Explanation:

Assume that as part of Hilton’s interview process, the company asks applicants how they would behave in hypothetical, hospitality-related job situations. This would be considered a ________ interview, which is ________.

Answers

The interview in Hilton's process would be considered a situational interview, which is structured.

What is a situational interview?

This is a type of interview where the people that are being interviewed are asked hypothetical questions.

The questions that they are asked is usually to get to know how they would behave in given situations.

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A manufacturing company has budgeted direct labor hours of 600 at a variable overhead rate per direct labor hour of $20. The budgeted fixed cost is $500 per month. The total budgeted overhead cost will be $: ____________

Answers

Based on the labor hours and the overhead rate as well as the fixed cost, the total budgeted overhead cost will be $12,500.

What is the budgeted overhead cost?

This can be found as:

= (Variable cost per labor hour x Number of labor hours) + Fixed overhead cost

Solving gives:

= (20 x 600) + 500

= 12,000 + 500

= $12,500

In conclusion, the total overhead cost that would be budgeted is $12,500.

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Swifty Corporation purchased a new machine on October 1, 2022, at a cost of $115,000. The company estimated that the machine will have a salvage value of $10,500. The machine is expected to be used for 10,000 working hours during its 5-year life. (a) Compute the depreciation expense under straight-line method for 2022. 2022 Depreciation expense $enter depreciation expense amount in dollar

Answers

The depreciation expense under straight-line method for 2022 is $5225.

What is the depreciation expense?

The straight-line depreciation allocates the depreciation expense evenly over the useful life of an asset.

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

(115,000 - $10,500) / 5 = $20,900

Depreciation expense in 2022 = 3/12 x 20,900  = $5225

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In your opinion what do you think is the best anime game and why then put their sales.

Answers

Answer:

nourto 4 is my faveret game in anmie sauske and oboito are my faifret peple in the game

Explanation:

1. How should Dow Corning make good use of its two brands to grasp the China to maintain its long-term growth

Answers

The way Dow Corning has to use its brands to maintain long term growth would be to:

use its brands to provide value added service to its customers that are in China.To engage in more innovation and product design that would keep customer interest.Making sure that the brand is loyal to customers.Continuous engagement in research.

What is the Dow Corning business?

This is a silicone technology based company that is interested in having a presence in China.

The market in China is a large market and the company through its product is able to supply raw materials to other diversifying businesses.

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Consider a single period problem where the riskless interest rate is zero, and there are no taxes. A firm consists of a machine that will produce cash flows of $210 if the economy is good and $80 if the economy is bad. The good and bad states occur with equal probability and the covariance of these states with the market portfolio is zero (no systematic risk). Initially, the firm has 100 shares outstanding and debt with a face value of $50 due at the end of the period. What is the share price of the firm

Answers

Assuming the firm has 100 shares outstanding and debt with a face value of $50 due at the end of the period. The share price of the firm is $0.95.

Share price

First step is to calculate the expected payoff to equity

Expected equity=[($80 ×0.5) + ($210 × 0.5)]-$50

Expected equity=($40+$105)-$50

Expected equity = $145-$50

Expected equity=$95

Now let calculate the share price

Share price=$96/100 shares

Share price=$0.95

Inconclusion the share price of the firm is $0.95.

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How do companies effectively go global?

Answers

Answer:

Some of the specific advantages presented by successfully growing globally include:

•You can extend the sales life of existing products and services by finding new markets to sell them in.

•You can reduce your dependence on the markets you have developed in the United States.

and more....

Explanation:

hope it helps......

How are the effects of inflation and a recession similar, and how are
they different?

Answers

Answer:

When the price of goods and services rises, inflation happens; when the price of goods and services falls, deflation occurs. The delicate balance between these two economic circumstances, which are opposite sides of the same coin, is difficult to maintain, and an economy can quickly shift from one to the other.

A recession occurs when the Gross Domestic Product falls for two consecutive quarters, resulting in a reduction in overall economic activity. Inflation, on the other hand, is the rise in the price of goods and services over time in a given economy.

James has a credit card balance $5000 after Black Friday and he decides to pay $300 at the beginning of every month at 2.1% annual interest rate . In how many months can he pay off the balance

Answers

Answer:

16 months

Explanation:

2.1% of 300 is 6.3, 5000/3.06.3 = 16.32

What is your own personal definition of the word "Support"?

Answers

Answer:

1..give assistance to ...help out someone

2..give emotional support

3...stand by someone

Explanation:

i hope this helps

When complimentary trading firms have specialized workers and processes in a particular product, and they engage in intra-industry trade, it creates benefits from working together by creating ________.

Answers

When complimentary trading firms have specialized workers and engage in intra-industry trade, it creates benefits from working together by creating: Economic gain.

What is a Complimentary Trade?

It is a form of trade that specializes in free trade. They compliment Each other. It can also be seen as a free-market idea that applies to international trade.

When trading firms have specialized workers and do intra-industry trade, especially in a complimentary trade, it helps the economy grow faster and also increases output.

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What the 10 president

Answers

Answer:

John tyler

Explanation:

He was the tenth president of the USA

Megan, Inc. has fixed costs of $390,000, sales price of $46, and variable cost of $38 per unit. How many units must be sold to earn profit of $50,000

Answers

Based on the information given the number of units that must be sold to earn profit of $50,000 is 55,000 units.

Number of units sold

Using this formula

Units sold=(Fixed cost+Profit)/( Sales price-Variable cost)

Let plug in the formula

Units sold= ($390,000 + $50,000)/($46 - $38)

Units sold=$440,000/8

Units sold=55,000 units

Inconclusion the number of units that must be sold to earn profit of $50,000 is 55,000 units.

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A company has the choice of either selling 600 apples or processing them into applesauce. The company could sell the apples as is for $1,200. Alternatively, the apples could be made into applesauce with incremental costs that consist of $360 of direct materials, $600 of direct labor, and $480 of overhead. The applesauce can be sold for $3,000. Required:
What is the amount of incremental revenue from processing the apples into applesauce?

Answers

The amount of incremental revenue from processing the apples into applesauce is $1800.

What is the incremental revenue?

Incremental revenue is the change in revenue when the total income earned from a product changes as a result of modifying the product.

Incremental revenue = revenue from the applesauce - revenue from selling apples

$3000 - $1200  = $1800

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