What is meant by the economic problem?

Answers

Answer 1

Answer:

hey! hope this helps love! Economic problems asserts that an economy's finite resources are insufficient to satisfy all human wants and needs. Economics involves the study of how to allocate resources in conditions of scarcity.


Related Questions

When irobot introduced new robot models that would clean gutters and mop​ floors, this innovation represented which type of market growth​ strategy?
a. Diversification
b. Product development
c. Market segmentation
d. Market development
e. Market penetration?

Answers

Answer:

b. Product development

Explanation:

When irobot introduced new robot models that would clean gutters and mop​ floors, this innovation represented the product development type of market growth​ strategy.

The rules an organization establishes to guide behavior are called
A. respect
B. crimes
C. laws
D. ethics

Answers

Answer:

ethics

Explanation:

Answer:D

Explanation:a p e x

What is scarcity? I need to know

Answers

Answer:

being in short supply of something

Answer: An inadequate amount of something; a shortage.

Scarcity means to be on low of something. So if you were low on stuff in your house like paper towels that means you have a shortage of something.

How is the value of a product determined?

Answers

Answer:

One approach is to use the simple equation Value = Benefits / Cost. The plus side to this approach is that it is concrete and quantifiable. You can measure the profit consistently throughout the life of the product, charting changes in value over time.

Differentiate among the following.
a. full warranty:
b. limited warranty:
c. implied warranty:

Answers

Full Warranty means the coverage meets the federal minimum standards for comprehensive warranties, while "Limited Warranty" means the coverage does not. ... This is an example of a full warranty. It specifies that the customer has a right to a replacement or a refund if repairs are not possible.

Which of the following reflects an acceptable yearly developmental goal as identified on an employee’s Individual Development Plan? (Select all that apply.)
improve my listening skills and interpersonal communication.

complete the training to become a master aircraft mechanic.

reconnect with high school friends in similar careers for networking.

enroll in post-graduate courses and complete studies for a master’s degree.

Answers

Answer:

improve my listening skills and interpersonal communication.

enroll in post-graduate courses and complete studies for a master’s degree.

Explanation:

The stock market represents small businesses. A. True B. False

Answers

I would say the answer is Falsr

If you owe $2000 on a credit card, at an 18.4% interest rate and you make $50
monthly payments, how long will it take you to pay this card off?

Answers

Answer: A

Explanation:

It will take 7.5 years

A company is doing business with a German entity and, as a result, has entered into a forward exchange contract on December 18, year 2, under which it will purchase 300,000 Euros on February 18, year 3. Relevant exchange rates are as follows: Spot rate Forward rate for 2/18, year 3 November 18, year 2 $1.27 $1.30 December 18, year 2 1.32 1.25 December 31, year 2 1.35 1.31 February 18, year 3 1.37 The company purchased printing supplies from a German supplier on November 18, year 2, on 90 day terms, and is required to pay 300,000 Euros on February 18, year 3. When the exchange rate increased on December 18, the company decided to enter into the forward exchange contract, which was not designated as a hedge. What amount of foreign currency gain or loss should be recognized in income on December 31, year 2

Answers

Answer:

$18,000 gain

Explanation:

Calculation for the amount of foreign currency gain or loss that should be recognized in income on December 31, year 2

Since Forward rate was given as:

December 18, year 2 $1.25

December 31, year 2 $1.31

Which means we have to Deduct the forward rate of December 18, year 2 which is $1.25 from the forward rate of December 31, year 2 which is $1.31 and then multiply it by the amount in which forward rate was purchased which is 300,000 Euro which will in turn give us the amount of foreign currency gain that should be recognized in income on December 31, year 2

Now let calculate

Forward rate December 18, year 2 $1.25

Less Forward rate December 31, year 2 $1.31

=$0.06 gain per Euro

Now let calculate for the amount of foreign currency gain that should be recognized in income on December 31, year 2

Hence,

Forward rate purchased amount 300,000 Euro ×$0.06 gain per Euro

=$18,000 gain

Therefore the amount of foreign currency gain that should be recognized in income on December 31, year 2 will be $18,000 gain.

Scientific management is the study of work methods to improve the productivity of _____.
A.accounting practices
B.the supply chain
C.individual workers
D.external vendors

Answers

Answer:

C. Individual workers

Explanation:

An architect’s functions may include which of the following? (SELECT ALL THAT APPLY.)

-planning and designing houses, commercial buildings, and other structures
-ensuring worksite safety
-collaborating with engineers
-acting as a construction manager and supervising contractors

Answers

The answer is a b and d

Answer:

the answer is planning, ensuring, and acting

ASAP How do the French measure success?

Answers

Answer:

The French measure success by how much time they got to spend with their family

Explanation:

while someone in the US bragging about work 100 hours a week making tons of money but never seeing their family or having outside of work hobbies could consider him/herself a success, a French person would probably not call that person a failure but would also not envy him/her at all.

According to the systems perspective, transformational processes are responsible for turning:_____.

Answers

Answer:

inputs into outputs

Explanation:

According to the systems perspective, transformational processes are responsible for turning inputs into outputs.

What is perspective?

The term perspective refers to the art or technique of painting or drawing a scene so that objects in it seem to have depth and distance. A particular way of considering something or to think about a situation or problem in a wise and reasonable way. Perspective is the way individuals see the world.

According to the viewpoint, transformation processes are in charge of turning off the process's input and output. A process is defined as any activity or collection of activities who takes one or more inputs, perspective and contributes to them, and produces outputs for consumers or clients.

As a result, the perspective, transformational processes are responsible for turning inputs into outputs.

Learn more about on perspective, here;

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Many jobs have been replaced because of new _____. a. weather patterns b. interest rates c. workplaces d. technology Please select the best answer from the choices provided A B C D

Answers

Answer:

d. technology

Explanation:

Technology may be defined as it the addition of the skills, methods, process in which the manufacturing of goods and services or can be achieved of the aim.

Here according to the given scenario, many of the jobs have been exchanged as of new technology as it innovates the goods and services for the benefit of the organization.

Therefore the correct answer is d

Answer:

         D

Explanation:

journal entries
sold goods costing Rs. 15000 for Rs.5000 profit​

Answers

Answer:

sales cr profit cash dr

Taking an online class doesn’t require any special skills.
a) true
b) false

Answers

Answer:

b) false

Explanation:

Taking an online class requires Primary Technology Skills. These skills help both the educator or teacher and the students to know how to navigate through the computer working space environments and the web or internet-enabled applications that are necessary for the online class.

Some of the primary technology skills needed include the following:

1. Skills in Word Processing.

2. Skills in Spreadsheets.

3. Electronic Presentation Skills.

4. Web Navigation Skills.

5. Skills in E-Mail Management.

Hence, the correct answer is FALSE

Answer:

b false

Explanation:

Peter, who works at a go-kart manufacturing company, parts for karts co., became aware after talking with co-workers that he was being paid substantially less than workers with the same experience and level of seniority. after noticing this, he decided to pursue a lawsuit against parts for karts co. for wage discrimination. however, when peter was hired, he had signed a binding arbitration clause in his work contract. when parts for ka

Answers

Answer: The arbitrator displayed bias and exceeded her authority.

Explanation:

There is need for integrity and fairness when carrying out a job especially avoiding bias. It is also out of place and being unprofessional for an arbitrator or human resource to discriminate in decisions as regards employment; placing some on a better pay and position while another is not especially when they have the same criteria and experience for the job. Doing this is unethical and an exceed of authority.

After Juan wrote down the week's tasks, schoolwork, and after-school activities in his assignment notebook, he highlighted all the entries. Instead of highlighting every entry in his assignment notebook, what should Juan have highlighted? activities for that week only important dates and tasks only after-school activities due dates for all the entries

Answers

Answer:

Its B

Explanation:

Answer:

B

Explanation:

just did it

If the price elasticity of supply is 0.75, then when the price of Good Y falls by 10 percent, the quantity supplied of Good Y:________.
A) rises by 7.5 percent.
B) rises by 133 percent.
C) falls by 7.5 percent.
D) falls by 133 percent.

Answers

Wait I did This let me go get the answer rq so I can answer this question rq

Ethical standards in business are principles or codes for how a business conducts itself with ___, customers, and the public.

A. Other businesses
B.Employees
C.the government
D.charity organizations

Answers

Answer:

B. Employees

Explanation:

The correct answer is B)Employee’s hope this helps.

Six equal partners own a local pizzeria. The partners have made a tremendous profit and bought many personal items such as cars, boats, new homes, and so on. In order to protect their personal possessions, they decide to incorporate the pizzeria, so that the six partners own shares in the corporation and have limited liability. The business is worth $675,000. After an accident, the partners lose a lawsuit and have to pay $1.2 million in damages. How much money will each partner personally lose to pay this lawsuit

Answers

The amount of damage payable by each partner individually is $112,500 because their loss is limited to their maximum shares.

Given data

Number of partners in Pizzarie is 6 with all having equal shares.

Value of business is $675,000

Total Damage $1.2 million

Hence, the money to be paid by each partners individually is:

= $675,000 / 6

= $112,500.

In conclusion, the amount of damage payable by each partner individually is $112,500 because their loss is limited to their maximum shares.

One element of ethical research consists of being open minded while researching and ensuring that data is leading your thoughts and not your own bias. Choose the element of ethical research that best describes these ideals.

Answers

Answer:

Objectivity

Explanation:

Objectivity as an element of ethical research requires a researcher to carry out the full research study or experimentation right from the design stage to the final analysis or interpretation to be free of any form of bias towards the outcome of the research study, findings or conclusion.

Hence, in this case, the element of ethical research that best describes these ideals is OBJECTIVITY.

Hillary’s family is thinking of relocating to a different city to save money. They set up a budget comparing the cost of living in four cities.

Answers

Answer:

I think the answer is Santa Fe

Explanation:

When a line cook in a restaurant uses raw meat to cook a hamburger that becomes part of the restaurant's Super Burger Special, the cook is taking part in a

Answers

Answer:

Transformation process.

Explanation:

When a line cook in a restaurant uses raw meat to cook a hamburger that becomes part of the restaurant's Super Burger Special, the cook is taking part in a transformation process.

A transformation process can be defined as the capabilities possessed by an organization, which are then integrated into technology, internal processes, and management, for the singular purpose of converting inputs into outputs in order to meet the needs or requirements of their customers.

In this scenario, the cook uses raw meat as an input in the creation of an output, which is the restaurant's Super Burger Special.

What is the first step in amending the Texas Constitution?

Answers

Answer:

The answer is below

Explanation:

According to Article 17 of the Texas Constitution which is otherwise known as "Mode of Amending the Constitution of This State"

The first step in amending the Texas Constitution is that the Texas State Legislature must make a proposition of the amendment in a joint resolution, involving both the Texas State Senate and the Texas House of Representatives. This joint resolution, however, can emerge in either the House or the Senate.

hello im Michal the fox how may tails i have three,two or,four

Answers

Answer:

2

Explanation:

Why would a company choose to work through intermediaries when selling products in a foreign country?

Answers

Answer:

It is a way of reducing the risk and cost of operating in a foreign country. They will avoid hassles involved in international distribution and would not need to develop distribution networks.

Explanation:

Companies often use local intermediaries when they want to sell products and run operations in a foreign country.

A major reason for this is to avoid the cost of developing distribution channel from scratch. The intermediaries already have the distribution network so it is an easier option.

Also local intermediaries have the know-how to operate in the foreign country. This includes knowledge on how to access resources cheaply, sourcing for low cost labour, and navigating the political environment.

Costs such as tariffs and custom duties paid dusting international distribution are also avoided by using local intermediaries.

Which is an example of E-commerce? A. Hot dog stand B. Cable company C. Online boutique D. Car wash

Answers

An example of an E-commerce is an online boutique.

What is E-commerce?

E-commerce is a business that exists online. For example, if a person establishes sells items on a website or on a social media platform, the person is operating an e-commerce. An example of an e-commerce business is ASOS.

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Slim purchases equipment with cash. The accounts affected are:____.
A. Equipment and accounts payable.
B. Cash and equipment.
C. Cash and revenues.
D. Cash and inventory.

Answers

Answer:

Option B, Cash and equipment, is the right answer.

Explanation:

Option “B” is correct because the purchase of equipment shows that the Equipment account debit and cash account credit. Here the debit of equipment account shows that the equipment has been increased and the cash account credit means the cash has been decreased. Therefore, both accounts, cash, and equipment will be affected. The equipment account will be increased while the cash account will be decreased.

What were the main factors in both the North and South for the abandonment of Reconstruction?

Answers

Social effects were bringing families back together, the Emancipation act, and churches and schools being available to former slaves. What were the main factors, in both the North and South, for the abandonment of Reconstruction?- Land, jobs, and establishing the Bureau were the main factors for both.
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