Which is the most accurate definition of the study of economics?

Economics is the study of:

A. the distribution of surplus goods to those in need.

B. affluence in a morally bankrupt world.

C. ways to reduce wants to eliminate the problem of scarcity.

D. the choices we make because of scarcity.

Answers

Answer 1

The most accurate definition of the study of economics is Economics is the study of D. the choices we make because of scarcity.

Economics is the study of how people interact with one another and with the natural world in order to produce their livelihoods. Households produce commodities and services as well, however unlike corporations, they may not sell their outputs in the market.

In addition to generating products and services, homes also produce people—the next generation of workers.

The labor of parents, carers, and others is paired with structures (for example, your home) and equipment (for example, the oven in that home) to reproduce and raise the future labor force working in firms, as well as the people who will work and reproduce in future households.

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Related Questions

What are the benefits of comparing different brands?.

Answers

Brand comparison enables businesses to develop marketing strategies that are information and based on the what consumers want and anticipate from similar products.

A brand is a product, service, or concept that's also openly distinguished from other brands, services, or concepts in order to facilitate communication and marketing. Branding is the method of creating and promoting the brand name, as well as its characteristics and personality. Branding can refer to both the overall corporate identity and specific products, services, or concepts. David Ogilvy, the founder of the advertising agency Ogilvy & Mather, defined a brand as "the intangible total amount of a company's attributes: its name, wrapping, and price, its history, prestige, and the way it's publicised."

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as presented in this chapter, the tiny house movement is a reaction to failures in

Answers

The Tiny House Movement is a social, environmental and economic movement that has gained popularity in recent years and It is a reaction to the perceived failures of the traditional American Dream, which is often associated with homeownership, large homes, and material wealth.

Tiny house advocates believe that living in smaller homes is a more sustainable, affordable, and fulfilling lifestyle. Many tiny house owners are seeking to simplify their lives and live with less clutter and possessions, reduce their carbon footprint, and live more in harmony with nature.

Tiny houses are usually built on wheels to allow for mobility and can be easily relocated. They are also designed to be energy efficient and environmentally friendly, using renewable energy sources like solar panels.

Despite its growing popularity, the Tiny House Movement faces challenges, including zoning and building regulations, as well as financing and insurance. Overall, the Tiny House Movement represents a cultural shift towards minimalism, sustainability, and self-sufficiency, and it provides an alternative to traditional homeownership.

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for each cost item, indicate whether it would be variable or fixed with respect to the number of units produced and sold; and then whether it would be a selling cost, an administrative cost, or a manufacturing cost. if it is a manufacturing cost, indicate whether it is a direct cost or an indirect cost with respect to units of product. three sample answers are provided for illustration.

Answers

Variable costs are those impacted by the production of units. A fixed cost is one that stays the same regardless of quantity units are made. Selling expenses are those incurred when finished items are sold and stored.

Cost of administration

The cost is tied to office space and is an administrative expense that is unaffected by the number of units produced. Manufacturing costs are those incurred while turning raw materials into finished items, and they vary depending on the number of units produced.

The cost of manufacturing is either directly impacted by the number of units produced or indirectly impacted by the number of units produced.

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Why do mixed economy in both public and private sectors have a vital role in the growth of economy?.

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In a mixed economy, the private and public areas coincide. There is some monetary scope, permitting organizations to conclude how best to allot their assets and pursue benefits.

A mixed economy blends the private and public areas. Most of the methods for creation are in many cases still exclusive in blended economies, with government mediation coming as regulations.

In a mixed economy, components of both private enterprise and communism are available. A country with this kind of economy comprises public and confidential areas, with private organizations holding back nothing and the public authority zeroing in on the government assistance of the populace.

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determine whether each of the following accounting duties mainly involves financial accounting, managerial accounting, or tax accounting.

Answers

The accounting duties which mainly involve financial accounting are options D, and F, managerial accounting are options A, and B, and tax accounting are options C, E, G, and H.

Financial accounting refers to the type of accounting, which is concerned with the summary, analysis and reporting of financial transactions related to a business. It involves the preparation of financial statements available for public use. It is intended to provide financial information on a company's operating performance. From the given options external auditing and analyzing external financial reports are financial accounting duties.

Managerial accounting refers to is a type of accounting that generates statements, reports, and documents to help management in making better decisions related to their business' performance. Managerial accounting is used primarily for internal purposes. From the given options consulting with treasurer on cash flows and internal auditing are managerial accounting duties.

Tax accounting refers to a type of accounting that focuses on taxes. It generates tax assets and liabilities in the accounting records of a business. It is governed by the Internal Revenue Code, which indicates the specific rules that companies and individuals must follow when preparing their tax returns. From the given options, estate planning, tax consulting, planning transactions to minimize taxes, and enforcing tax laws are tax accounting duties.

Note: The question is incomplete. The complete question probably is: Determine whether each of the following accounting duties mainly involves financial accounting, managerial accounting, or tax accounting. A. Consulting with treasurer on cash flows B. Internal auditing C. Estate planning D. External auditing E. Tax consulting F. Analyzing external financial reports G. Planning transactions to minimize taxes H. Enforcing tax laws.

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what happens to treasury bonds if the government defaults

Answers

Bond prices increase when bought on the open market, but they decrease when sold on it. Bond prices increase and interest rates decrease when the Federal Reserve issues Treasury bonds.

By expanding the money supply and decreasing the interest rate on the money market, open market purchases reduce the value of money.

In other words, it motivates banks to increase lending. Banks' cash reserves at the Fed rise as a result of the Fed buying their bonds.

As their liquidity buffer increases, banks are more motivated to provide loans. Increased expenditure and investment are supported by credit that is more accessible and less costly.

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Keyanna is thinking of marketing consulting as a potential future career. Identify each task associated with consulting as either producing research or consuming research.1. collect and analyze data, and present the results to clients2. keep up to date on current product trends3. look at analyses conducted by other firms, and inform clients of the findings4.test different marketing strategies to identify the best one1. producing2. consuming3. consuming4. producing

Answers

Producing - Collecting and analyzing data, and presenting the results to clients is a task associated with producing research.

Consuming - Keeping up to date on current product trends is a task associated with consuming research. This is because it involves reviewing and analyzing existing research or data on product trends, rather than conducting new research.

Consuming - Looking at analyses conducted by other firms, and informing clients of the findings is a task associated with consuming research. This is because it involves reviewing and analyzing existing research or data, rather than conducting new research.

Producing - Testing different marketing strategies to identify the best one is a task associated with producing research. This is because it involves conducting new research by testing different marketing strategies and analyzing the results to determine the best approach.

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What is the formula used for solving the unemployment rate in economics?.

Answers

We can calculate the unemployment rate by dividing the number of unemployed people by the total number in the labor force, then multiplying by 100.

Inflation is assumed to be a temporary problem that does not affect financial decisions.

Answers

While it is true that inflation is often temporary, it can still have a significant impact on financial decisions.

What is financial?

Financial refers to the management of money, including its investment, lending, budgeting, and saving. It is based on the principles of economics, which studies how people, businesses, and governments make decisions about money. Financial activities include the buying and selling of stocks, bonds, mutual funds, and other investments, borrowing money from lenders such as banks, and managing personal budgets. Financial planning and advice are important for individuals and businesses to make wise decisions about their finances and ensure long-term financial stability.

Inflation can affect the cost of goods and services, for example, and can reduce the purchasing power of a currency. It can also cause interest rates to rise, which affects the cost of borrowing. As such, it is important to consider the potential impact of inflation when making financial decisions.

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Which one of the following characteristics applies to a limited liability company?
A. available only to firms having a single owner
B. limited liability for limited partners only
C. taxed similar to a partnership
D.taxed similar to a C corporation
E. all income generated is totally tax-free

Answers

Out of the provided characteristics, it may be concluded that a limited liability company is such an organization which is taxed similar to a partnership company. Therefore, the option C holds true.

A limited liability company is usually to be taken into consideration as a company whose members are subjected to have limited liability only up to the limit of capital that they have invested into the business. Moreover, no members are held personally liable, and taxation is as per the rules of a partnership firm.

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what is letter head paper

Answers

Answer:

A letterhead, by definition, is a heading on the topmost sheet of your business paper. It carries your company name, address, contact details, and logo. It is meant to be used for all the documents and letters you create and send in your business. Letterheads are important because of their wide range of uses.

Answer:

A letterhead, by definition, is a heading on the topmost sheet of your business paper. It carries your company name, address, contact details, and logo. It is meant to be used for all the documents and letters you create and send in your business. Letterheads are important because of their wide range of uses.

I Taking Assignment Right Now And Have a Day.

Individuals who are involuntarily working part‑time are considered?

Answers

Individuals who are involuntarily working part-time are considered as underemployment.

Underemployment is a total number of people in an economy who are unwillingly working in low skill and low paying jobs or only part time because they cannot get full time jobs that their skills. Underemployment is calculated by dividing the number of underemployed by the total number of workers. There are two types of underemployment and they are Visible underemployment and Invisible underemployment. Visible underemployment is that in which an individual works fewer hours than full time job in their chosen field. Invisible underemployment is situation in which an individual is not able to find a job in their chosen field.

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What is the simplest change that can be made to the budget to produce more saving next month?.

Answers

Decrease food expenses is the simplest change that can be made to the budget to produce more saving next month.

Make a plan for how you will spend your money for the upcoming month at the beginning of the month. Write down your estimated earnings and spending.Record your spending in writing.Check to see if you spent exactly what you had planned at the end of the month.Use the data to assist you in creating your budget for the following month.The general rule of thumb is to allocate your monthly after-tax income into three categories for spending: needs (50%) wants (30%) and savings (20%). You can put your money to work more effectively by consistently maintaining a balance between these key areas of spending.

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The State required a community management firm to do what with the department prior to conducting business in Florida?
a community association management firm that is responsible for more than 10 units or a budget greater than $100,000 must be licensed by the department. They must submit an application and fee.

Answers

Community association” means a residential homeowners' association in which membership is a condition of ownership of a unit in a planned unit development, a lot for a home or mobile home, or a townhouse, villa, condominium, cooperative, or other residential units that are part of a residential development scheme and authorized to impose a fee that may become a lien on the parcel.

"Community association management" denotes any of the following practices requiring substantial specialized knowledge, judgment, and managerial competence when done for remuneration.

When the association or associations served to have more than 10 units or a budget over $100,000: controlling or disbursing community association funds, preparing budgets or other financial documents.

Assisting in the noticing or conduct of community association meetings, determining the number of days required for statutory notices, determining amounts due to the association, collecting amounts due to the association before the filing of a civil action, calculating the votes required for a quorum or to approve a proposition or amendment.

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why are most of the world’s desalination plants in southwest asia?

Answers

Most of the world's desalination plants are located in Southwest Asia for several reasons water scarcity, high energy costs, strategic importance, and high population density.

Water scarcity: Southwest Asia is one of the driest regions in the world, with many countries experiencing severe water shortages. Desalination provides a reliable source of fresh water for these countries, which are heavily dependent on groundwater and surface water resources that are scarce.

High energy costs: Desalination requires a significant amount of energy, which can be expensive. Strategic importance: Many countries in Southwest Asia are strategically important due to their oil resources, and they have invested heavily in desalination to ensure water security for their population and their economy.

High population density: Southwest Asia is home to several countries with high population density, as well as growing urban areas, which put pressure on water resources.

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which type of firm invests in lean manufacturing programs in order to improve customer service levels for a given inventory investment?

Answers

make-to-stock  type of firm invests in lean manufacturing programs in order to improve customer service levels for a given inventory investment.

A concept known as "lean manufacturing" aims to increase productivity while eliminating waste in industrial systems. Anything that buyers do not think adds value to and are not prepared to pay for is considered waste. Lean manufacturing has many advantages, some of which include shorter lead times, lower operational expenses, and better product quality.

Organizations from a variety of industries can enable the practice of lean manufacturing, commonly referred to as lean production or lean. Toyota, Intel, John Deere, Nike, and other well-known corporations all employ lean techniques. The strategy is still employed by numerous other businesses and is based on the Toyota Production System. A lean production system might be advantageous for businesses that use enterprise resource planning (ERP).

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The um of two number i 22. Twice the firt number minu the econd i 17. Find the two number

Answers

Two numbers add up to 22, thus. The two numbers are x=13 and y=9 since the first number is twice the second, which is 17.

We can find the values of x and y by solving this equation

The word "equation" refers to a mathematical assertion where two expressions with equal values are separated by the sign "equal to." Equations come in a variety of forms, including linear, quadratic, cubic, and others. There are many different methods to define an equation. The definition of an equation in algebra is a mathematical statement that demonstrates the equality of two mathematical expressions. Mathematical algebraic equations typically include one or more variables.

Three numbers add up to 50. The first number is divided in half by the third number, which is divided in half by the second number.

x + y = 22

2x-y = 17

Adding above equation we get,

3x=39

x=13

substitute the value in above equation we get,

13+y=22

y=22-13

y=9

Here, a linear equation is formed. More than one variable may be present in a linear equation. An equation is said to be linear if the maximum power of the variable is consistently 1. Another name for it is a one-degree equation. This linear equation may be solved to determine the values of x and y.

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Choose one kind of indoor and one kind outdoor work environment, such as factory work and construction or office work and oil field work.



Answers

Access to comfortable and adequate seating, clean workspaces and functional desks can ensure indoor workplaces remain efficient.

Explain the term indoor workplaces.

Indoor workplace refers to any indoor location of employment or job-type service, whether part-time or full-time, paid or unpaid, performed for or at the direction of another individual or individuals, or any public or private institution. Any service rendered by an owner, employee, independent contractor, agent, partner, proprietor, manager, officer, director, apprentice, trainee, associate, servant, or volunteer must qualify as one of these services. An indoor workplace is any space between a floor and ceiling that is primarily or entirely enclosed by walls or windows, regardless of doors, doorways, open or closed windows, stairways, or the like. This includes work areas, employee lounges, restrooms, conference rooms, classrooms, employee cafeterias, hallways, and any other spaces used or visited by employees.

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What are the three main employment sectors?.

Answers

Three main employment sectors are: government sector, agriculture sector, and health care sector.

A job or employment sector is a broad category of jobs and industries that are linked by what they perform.

Example of employment sectors are:

Government sector: This sector is an important aspect of a country's economy since it supports it through key policies. This sector makes all high-level decisions and implements policies, but it also enforces all laws necessary to ensure that everyone of the country's residents can benefit from what the country has to offer.Agriculture sector: includes grain industry, potato farming, etc.Health care sector: It is one of the most essential in the country, employing a large number of people. The industry is critical to ensuring that individuals have access to cheap health care services as well as prompt treatment when needed.

There are other employment sectors such as: information and technology, education sector, construction, mining, etc.

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a proof of the equality of debits and credits in a general ledger.

Answers

Correct reply is A trial balance is a proof of the equality of debits and credit in a established ledger.

To take a look at the arithmetical accuracy of books of account, path stability is prepared. Both the aspects of trial stability i.e. debit and credit score need to have the equal total. This equality proves that the books are arithmetical correct. Trial stability can be organized on a ordinary intervals.

Where do debits equal credits?

For each and every transaction, a debit is recorded with a corresponding credit. Multiple money owed can be affected by way of a single transaction, however there need to be at least two bills concerned and debits will always equal credits.

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If the Federal Reserve wants to reduce interest, what will they do to the money supply?.


A). Decrease the Money Supply
B). Increase the Money Supply

Answers

B is the correct answer

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which one of the following statements regarding corporations is correct?A. A corporation is a separate legal entity.B. A corporation has easy transferability of ownership.C. A corporation may have the ability to raise large amounts of capital.D. A corporation's owners have unlimited liability.

Answers

A corporation is a separate legal entity is a most correct  among the following regarding corporation.

Option A is correct.

Corporation:

A corporation is a type of business owned by shareholders who elect a board of directors to oversee the company's operations. The business's actions and finances are the responsibility of the corporation, not the shareholders.

What is a corporation's purpose?

Academics refer to the "shareholder primacy norm," and many refer to the task of corporate managers as "shareholder wealth maximization." Today, the standard response is that a corporation exists to benefit its shareholders.

What is the corporate structure?

A management team and a board of directors make up the most common corporate structure in the United States. Most of the time, there are both inside directors who work every day at the company and outside directors who can make sound decisions.

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I need a 2 paragraph essay about the importance of careers

Answers

Answer: Career is a very important thing in one's life. Whatever career path you choose to follow, it will impact your life greatly. Your career will define your status in a society in addition to your lifestyle. In other words, your career will determine your social circle and relationships.

Explanation:

Mitch has $100 to spend and wants to buy either a new amplifier for his guitar or a new mp3 player to listen to music while working out. Both the amplifier and the mp3 player cost $100, so he can only buy one. This illustrates the basic concept that
a. trade can make everyone better off.
b. people face trade-offs c. rational people think at the margin. d. people respond to incentives

Answers

The correct option in B.

This exemplifies the fundamental idea that humans must make trade-offs.

Every individual and organisation in the world is aware that resources are limited. Even the wealthiest individual or organisation has a limited supply of cash, time, and other resources. For instance, if we choose to work 12 hours a day, we would earn more money but have less time to engage in other enjoyable activities.

Mitch only has $100 and wants to purchase both items, but she can only do so. If she wants to buy the second product, she will need to get a job and make some money, or if she already has a job, she will need to find a job and earn some more.

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What is communist command economic system?.

Answers

The communist command economy, also kno-wn as a planned econ-omy, requires that a nation's central govern-ment own and control the me-ans of production. Private owner-ship of land and capital is non-existent or severely limit-ed.

In a command economy, it is the govern-ment that decides what to pro-duce, how to produce go-ods and how to distribute goods and ser-vices within the eco-nomy. Today, the existing communist states in the wor-ld are in China, Cuba, Laos, and Vietnam. These commu-nist states often do not claim to have achie-ved socialism or communism in their count-ries but to be build-ing and working toward the establish-ment of social-ism in their countries.

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It is better for businesses to have opportunity costs, as it often gives them a comparative advantage.

Answers

It is better for businesses to have opportunity costs, as it often gives them a comparative advantage. The required answer is Lower.

What do you mean by a business?

A business is an organization or entity involved in the trade of goods, services, or both to consumers. Businesses are prevalent in capitalist economies, where most of them provide goods and services to customers in exchange for other goods, services, or money. Businesses may also be not-for-profit or state-owned. A business owned by multiple individuals may be referred to as a company, although that term also has a more precise meaning. Businesses range in scale from a sole proprietorship to an international corporation. Broadly, the term covers all activities by which goods and services are provided to consumers.

So, The required answer is Lower.

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Hunter i nine year younger than rachel. In ten year hunter will be two-fifth of rachel' age. How old i rachel right now math problem

Answers

Rachel is a 26-year-old flight instructor from Clermont, Florida, near Orlando.

“what is 2/5 of 10?”

As a number is 4.

26-9= Hunter age

17 is hunter age

Rachel and Rod were married from 1990 until 2006. In her caption she said she had been apart from her kids. ’18 months it’s been. I know so many out there are still missing this moment reconnection with family,’ said Hunter.Rachel confessed in the After the Final Rose special that she had called it quits with her fiancé, Tino Franco. The pair got engaged in Mexico, but the relationship didn’t last. And I mean brief. It ended practically before their love tale was even shown on television. Rachel proposed to Tino on season 19 of The Bachelorette, which she co-hosted with Gabby Windey. However, the two separated up after he kissed another lady, and their breakup was shown in After the Final Rose.

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mel, macy, and maggie work together to achieve a specific purpose, so they are part of an organization. true or false

Answers

Mel, Macy, and Maggie work together to achieve a specific objective, making them members of an organized state. This claim is untrue.

Working together for a certain goal does not always mean Mel, Macy, and Maggie are a part of an organization. A formal structure of people or groups cooperating to accomplish a shared purpose or set of goals is called an organization.

It often has a defined set of tasks and responsibilities, a clear structure of power, and a set of guidelines that govern how it should be run.

Without a clearly defined hierarchy of authority, duties, responsibilities, rules, processes, and policies to direct their work, Mel, Macy, and Maggie can collaborate informally. They could be a part of a team or an unofficial group working together to accomplish a certain goal.

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the globalization of _____ is the term used to describe the merging of national markets into one large global place.

Answers

The globalization of market is  used to describe the merging of national markets into large global place.

What exactly is meant by market globalization?

Globalization has increased the interdependence of markets. the globalisation of economies; the increasing frequency of cross-border sourcing, manufacturing, trading, and investment activities

Manufacturing costs are typically reduced by globalisation. Because of this, companies can sell their goods to customers for less money. The cost of goods on average plays a significant role in rising standards of living. Customers can choose from a wider variety of goods as well.

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Juan is spinning a wheel with 4 unequal spaces marked with values of $200, $300, $400, and $600. The probability of landing on $200 is. The probability of landing on $300 is. The probability of landing on $400 is. The probability of landing on $600 is. The expected value of spinning the wheel once is $ , and the expected value of spinning the wheel three times is $.

Answers

The expected values ​​for three spins of the wheel are 333 and 1000.

What is the probability?

Probability refers to the probability of dealing with the occurrence of random events.

All events must have a probability of 1.

The expected value for spinning the wheel is given by the formula:

E(x) = 2/9(200)+4/9(300)+2/9(400)+1/9(600)

E(x) = 44 4/9 + 133 1/3 + 88 8/9 + 66 2/3

E(x) = 333 1/3

The expected value for three rotations of the wheel is:

= (expected single spin)*(number of spins)

=333 1/3*3

=1000/3*3

=1000

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