Compared to how many units would be traded at the equilibrium price, 200 fewer units would be traded at the price ceiling.
What happens when the price ceiling exceeds the equilibrium price?A price cap above the level of the equilibrium competitive price will result in a surplus. If the price cap is less than the price at which there is an equilibrium of competition, a scarcity will result.
What effect does the price cap have on the market equilibrium?Because more is desired while less is offered, the equilibrium quantity changes as a function of the ceiling price. The quantity Qd - Qs suffers as a result. Furthermore, a deadweight loss is brought on by the price cap.
What occurs when the equilibrium price is less than the market price?Both a price above and below the equilibrium price will produce surpluses—a price below the equilibrium price will produce a shortage. There is a shortage when the amount needed is greater than the quantity being offered at the current price.
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according to research, self-construals vary within a culture. which american man below is most likely to have an independent self-construal? group of answer choices john, who is a middle-class teacher george, who is a lower-class factory worker paul, who is an upper-class businessman richard, who is a middle-class office manager
According to research, self-construals conception of self that is more prevalent in collectivistic societies with the western or individualistic conception of self as an independent. The correct answer is D. who is a middle-class office manager.
In social psychology, a construal is a person's perception, understanding, and interpretation of their environment, particularly how other people are acting towards them. The significance of a subjective construal has been accepted by virtually every branch.
Of psychology, especially in regard to the ideas of the false consensus effect and the basic attribution error. Self-construal and construal in a social context are different things. Environmental perception is a perception of one's surroundings, whereas self-construal is a perception of oneself. When one lacks the information to properly handle a problem, conceptualization is crucial. Western or individualistic and Composite are hence the appropriate responses.
Complete question:
According to research, self-construals vary within a culture. which american man below is most likely to have an independent self-construal? group of answer choices
A. john, who is a middle-class teacher george,
B. who is a lower-class factory worker paul,
C. who is an upper-class businessman richard,
D. who is a middle-class office manager
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an increase in europe's taste for u.s.-produced fords would cause the dollar to a. appreciate and would decrease u.s. net exports. b. appreciate and would increase u.s. net exports. c. appreciate, but the total value of u.s. net exports stays the same. d. depreciate and would decrease u.s. net exports. e. depreciate and would increase u.s. net exports.
An increase in europe's taste for u.s.-produced fords would cause the dollar to appreciate, but the total value of u.s. net exports.
What refers to an increase in a currency's value based on how much foreign money it can purchase?An gain in the particular currency in comparison to another is known as currency appreciation. For a variety of factors, including governmental policies, mortgage rates, current account, and business cycles, currencies appreciate against one another.
What of the foregoing will lessen the net capital outflow of a nation?The difference between domestic residents' purchases of foreign assets and foreign residents' purchases of domestic assets is known as the net capital outflow. Net investment outflow (NCO) of a nation will always be equal to net exports (NX). In the absence of change in other factors, a state's real interest rate rises reduce net capital outflow.
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question content area in the chart of accounts, the balance sheet accounts are normally listed in which order?
Accounts are displayed on a chart of accounts in the same order as they do on your financial statements. As a result, the balance sheet accounts for assets, liabilities, and shareholders' equity are displayed first, followed by the accounts for revenue and costs (income statement accounts).
In the chart of accounts, the balance sheet accounts are normally listed in order of liquidity, starting with the most liquid assets, such as cash and short-term investments, and ending with the least liquid assets. This arrangement allows for a clear picture of a company's financial position, including its ability to pay debts as they come due. The order of the balance sheet accounts typically follows the sequence of assets, liabilities, and equity.
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alfred will receive a payment 9 years from now totaling $10,500. based on a discount rate of 9.5%, how much is the trust fund payment worth in today's dollars?
In 9 years Alfred will receive a payout of $10,500. With a 9.5% discount rate, trust fund payment of $10,500 in 9 years is worth $6,058.14 in today's dollars.
To calculate the present value of the trust fund payment, we need to use the formula:
PV = [tex]FV / (1 + r)^tx^{2}[/tex]
where:
PV is the present value
FV is the future value ($10,500)
r is the discount rate (9.5%)
t is the number of years until the payment is received (9 years)
First, we need to convert the discount rate from a percentage to a decimal: 9.5% = 0.095
Next, we plug in the values into the formula:
PV = $[tex]10,500 / (1 + 0.095)^9[/tex]
Finally, we can use a calculator to perform the calculation:
PV = $[tex]10,500 / (1.095)^9[/tex]
= $6,058.14
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the continuing dependence and foreign domination for managerial and technical expertise, investment capital, and manufactured goods to keep former colonies subservient is known as
Formal colonies were kept in a submissive position by their reliance on more industrialised countries, including their previous colonial masters, for managerial and technical know-how, investment capital, and manufacturing commodities. Neo-colonialism describes such persistent reliance and foreign dominance.
What is Neo-colonialism?Neocolonialism has been broadly construed as an extension of capitalism that allows capitalist powers—both states and corporations—to govern over subordinate nations indirectly through the workings of the global market. Formal colonies were kept in a submissive position by their reliance on more industrialised countries, including their previous colonial masters, for managerial and technical know-how, investment capital, and manufacturing commodities. Neo-colonialism describes such persistent reliance and foreign dominance. Neocolonialism is the covert promotion of socioeconomic and political activities by former colonial powers intended to strengthen capitalism, neoliberal globalization, and the cultural enslavement of their former colonies.
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which point on the graph is most likely to be the new equilibrium after an increase in wages of bicycle workers, and a significant increase in the price of gasoline?
The point in a graph that show about the new equilibrium after an increase in wages of bicycle workers, and a significant increase in the price of gasoline is point 4.
In the term of economic market, Equilibrium generally can be defined as a point where achieved at the price at which quantities demanded and supplied are equal. The economic market can be presented in the equilibrium in a graph by showing the combined price and quantity at which the supply and demand curves intersect.
The question above is incomplete, the complete question is:
Refer to the above graph, which shows the market for bicycles. S1 and D1 are the original supply and demand curves. D2 and D3 and S2 and S3 are possible new demand and supply curves. Starting from the initial equilibrium (point 1), which point on the graph is most likely to be the new equilibrium after an increase in wages of bicycle workers, and a significant increase in the price of gasoline?
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refer to table 12.2. the externality created by the refrigerator production was $100. however, once we accounted for both the private and additional external costs, the market price increased by only $50. if the external costs were $100 why did the price only increase by $50 when we accounted for all costs?
The external costs of production are typically not reflected in the market price of a good, since they are external to the production process. In this case, the external costs of refrigerator production were $100, but they were not included in the market price of the good.
When all costs are taken into account, the market price only increased by $50, since the external costs of production were not included in the original market price. Therefore, the external costs of production were not fully reflected in the market price, leading to an undervaluation of the true cost of production.
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brian has an account with a fv of $500,000, 40 years from now. how much is it worth today (pv) based on a rate of 6.5%? this account has monthly compounding.
The present value of the given final value for the 40 years at the rate of interest compounded monthly is equal to $40,270.3.
Final value 'FV' in the account is equal to $500,000
Time period 't' = 40 years
Let us consider 'PV ' be the present value in the account
Rate of interest ( compounded monthly ) 'r' = 6.5%
Using compound interest formula we have,
FV = PV ( 1 + r )^t
Substitute the value in the formula we get,
⇒ $500,000 = PV ( 1 + 6.5/100 )^40
⇒ $500,000 = PV ( 1 + 0.065 )^40
⇒$500,000 = PV ( 1.065 )^40
⇒ $500,000 = PV ( 12.4161)
⇒PV = 500,000 / 12.4161
⇒PV = $40,270.3
Therefore, the present value in the Brian account as per rate of 6.5% compounded monthly is equal to $40,270.3.
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the likelihood that political forces will cause drastic changes in a country's business environment and adversely affect the potential for a company to make a profit is called a risk. multiple choice question. political legal social economic
the likelihood that political forces will cause drastic changes in a country's business environment and adversely affect the potential for a company to make a profit is called a Political risk.
Political risk refers to the possibility that political forces will cause significant changes in a country's business environment, leading to unfavorable conditions for a company operating within that country. This type of risk is particularly relevant for companies operating in foreign markets, where they may be vulnerable to the unpredictable actions and decisions of foreign governments, as well as local political instability, conflicts, or even war. Examples of political risks that companies may face include changes in government policies and, such as changes in tax laws, trade policies, or labor laws. Companies may also be impacted by political unrest, civil war, or coups that can disrupt their operations and result in losses. The risk may also be in countries with weak institutions, inconsistent enforcement of laws and regulations, or a history of political instability. It's important to note that political risk is different from other types of risks, such as economic, legal, or social risks, as it specifically relates to the political environment in which a company operates. Companies must assess the political risk associated with each market they are considering doing business in and weigh it against the potential benefits of entering that market. They may also use political risk insurance to mitigate the risk associated with operating in politically unstable environments.
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All of the following shift the supply of watches to the right except
A. An increase in the price of watches
B. An advance in the technology used to manufacture watches
C. A decrease in the wage of workers employed to manufacture watches
D. Manufacturers’ expectations of lower watch prices in the future
The option that will not shift the supply of watches to the right is A. An increase in the price of watches.
Why does price not cause a shift in supply ?Only factors other than price adjustments can create changes in the supply and demand curves. Only a movement along the supply or demand curve results from price changes. This is due to the fact that consumers will simply desire fewer products at higher price points, which causes us to move down the demand curve to a lower level of quantity.
The shift in the supply curve is related to the change in supply. A change in amount supplied rather than a change in supply occurs when the price of the commodity itself changes.
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which aspect of argentina’s economic environment are international businesses most likely to perceive as attractive? Infrastructure Natural resources Educational system Economic system
International enterprises are likely to find Argentina's economic environment to be favorable.
The right response is A.
What is the foundation of Argentina's economy?Fisheries, forestry, and agriculture are all significant industry. Argentina is a significant supplier of beef, wheat, and soybeans to other countries. Along with wine, it is a significant producer of wool, though most of its champagne is consumed locally.
What makes Argentina's economy unique?
Due to the quantity of extremely productive farmland in the nation, Argentina has distinct competitive advantages in the agricultural sector. Between 1860 and 1930, economic prosperity was fueled by the extraction of the rich pampas land.
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according to philosopher norman bowie, managers have a responsibility to maximize profits as long as they multiple choice are confident and do charitable work. respect human rights and cause no harm. adhere to rules and regulations. contribute to charitable organizations.
According to philosopher Norman Bowie, managers have a responsibility to maximize profits as long as they B: "respect human rights and cause no harm".
According to philosopher Norman Bowie, managers have a responsibility to prioritize ethical considerations when making business decisions. This includes ensuring that their actions respect human rights and cause no harm to individuals, communities, or the environment. Bowie argues that maximizing profits should not be the sole focus of managers and that they must also consider the social and ethical implications of their decisions. By considering these factors, managers can make decisions that not only benefit the business but also contribute to a better society and environment.
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do you think that there should be more formal requirements for a house member? fewer? explain your answer.
No, there are just enough requirements. They are acceptable.
The house of Representatives shares identical duty for lawmaking with the U.S. Senate. As conceived by using the framers of the constitution, the residence become to symbolize the famous will, and its members were to be without delay elected through the human beings. In contrast, individuals of the Senate were appointed by using the states until the ratification of the 17th amendment (1913), which mandated the direct election of senators.
Every state is assured at least one member of the residence of Representatives. The allocation of seats is based totally on the populace in the states, and the club is reapportioned every 10 years, following the decennial census. residence individuals are elected for two-yr terms from unmarried-member districts of the approximately identical populace.
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read the scenario and answer the question. the wedding party and guests dance the night away, enjoying delicious food and incredible live music. every table is littered with trash and tiny pieces of confetti. chairs are tipped over, and linens are stained. they party the night away until 3 a.m., and the events team can't get started on cleanup until the last guest leaves. which element of the hospitality attitude is needed to do this job well?
By refusing to begin cleaning before the final guest has left, the events staff is just abiding by the laws and regulations of the hospitality sector.
The task of event management is enormous.
The preparation and cleaning are the first and most crucial tasks.It makes no difference whether you're hosting a small, intimate dinner in your home or a large convention in a large meeting space. To ensure that the area is as clean as it should be, you must inspect it. Cleaning the space in advance of the event is essential. People get hired to make the area more beautiful.Making sure the building is clean before, during, and after decorators enhance the area requires advance planning.
The event companies follow some of the things to clean up after parties:
1)Clean out the trash cans.
2)Put the garbage in bags and leave the area.
3)Clean sinks and counters.
4)Change all of the liners.
5)Spot Sticky Stains to Remove
6)Remove visitor smudges off the windows and mirrors.
7)Gather the trash
8)Mop and vacuum the floors.
9)Clean the seats and tables.
10)The tables and chairs should be folded and stored.
11)grill and outdoor kitchen are clean.
12)Take care of any leftover catering waste.
13)Take down every decoration you have.
terrace with a garden hose
14)Wash large items by hand.
sanitise the doors
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what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00
The amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually is $8.00. Hence, the correct option is (A).
What Is Interest?Interest is the amount of money that is the right of the borrower to the recipient of the loan. This interest can be in the form of expenses for money borrowers and can be in the form of revenue for lenders. Basically, this interest is a monetary charge given as profit from the loan. Interest is generally calculated periodically in one year. In the illustration above, we see that the money deposited is $100 and the interest rate is 4%. Therefore, interest in 1 year amounts to $ 4.00 and becomes $8.00 because it has been running for 2 years.
The question was incomplete, but most probably your question was:
The amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually is
A. $8.00
B. $4.08
C. $8.16
D. $4.00
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nike's retained earnings account was decreased for dividends during the most recent reporting period (in millions). a. $1,265 b. $3,370 c. $1,692 d. $5,727
For the most recent reporting period (in millions), dividends reduced Nike's retained earnings account by $3,370.
Is a retained profit an expense or a profit?After expenses are covered and dividends are distributed to shareholders, a company's remaining value is known as retained earnings. The amount of capital that a corporation "kept up" as unspent net revenue is known as retained earnings.
What function does retained income serve?A crucial financial statement that details the amount of earnings a firm has accumulated and held from its founding is really the statement of retained earnings. The figures reveal information about the financial health of a firm and the owner's perspective on expanding and reinvesting in their enterprise.
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ndividuals are the principal taxpaying entities in the federal income tax system. question content area bottom part 1 true false
The given statement "individuals are the principal taxpaying entities in the federal income tax system" is true because individuals are the principal taxpaying entities in the federal income tax system.
In the United States, individuals are responsible for paying federal income tax on their earnings, such as wages, salaries, and tips. The amount of tax an individual owes depends on their income, filing status, and other factors. In addition to individuals, other entities, such as corporations and trusts, may also be required to pay federal income tax.
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you have a $2 million portfolio consisting of a $100,000 investment in each of 20 different stocks. the portfolio has a beta of 1.4. you are considering selling $100,000 worth of one stock with a beta of 0.9 and using the proceeds to purchase another stock with a beta of 1.7. what will the portfolio's new beta be after these transactions? do not round intermediate calculations. round your answer to two decimal places.
The portfolio's new beta after these transactions is 1.44. The new beta of the portfolio is the measure of the portfolio's systematic risk (also known as market risk) in relation to the overall market.
The portfolio's beta can be recalculated after these transactions as follows:
First, we need to determine the impact of selling the stock with beta 0.9:
Initial weight of the stock = $100,000 / $2 million = 0.05
New weight of the stock = 0
Change in weight = New weight - Initial weight = 0 - 0.05 = -0.05
Impact on portfolio beta = Change in weight * Stock beta = -0.05 * 0.9 = -0.045
Next, we need to determine the impact of purchasing the stock with beta 1.7:
Initial weight of the stock = 0
New weight of the stock = $100,000 / $2 million = 0.05
Change in weight = New weight - Initial weight = 0.05 - 0 = 0.05
Impact on portfolio beta = Change in weight * Stock beta = 0.05 * 1.7 = 0.085
Finally, we can calculate the new beta of the portfolio:
Initial beta = 1.4
New beta = Initial beta + Impact on portfolio beta = 1.4 + (-0.045) + 0.085 = 1.44
So, the portfolio's new beta after these transactions is 1.44.
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Adjusting entries help to ensure that all ______ are recorded in the period in which they are incurred.A. cash transactionsB. closing entriesC. journal entriesD. expenses
Adjusting entries aid in making sure that every expense is documented during the time that it occurs.
What are expenses in account?The money spent, and expenses incurred, by a corporation in an effort to create revenues are referred to as expenses in accounting. Accounts expenses are essentially the aggregate of all the actions that presumably result in a profit; they are the cost about doing company.
What are basic expenses?As the name suggests, basic living expenses are those required for daily existence. As the name suggests, basic living expenses are those required for daily existence, with the main categories being housing, nutrition, clothing, transport, healthcare, and pertinent miscellaneous items.
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abco works hard to maintain a positive working relationship with employees, suppliers, and vendors. they have developed clear positions on how the firm and the employees will conduct business. which of the following should abco use to encourage and guide ethical behavior in the workplace? group of answer choices monitoring of online searches and other electronic activity social responsibility programs statement of rights to privacy e-mail monitoring code of conduct
The ABCO works hard to maintain a positive working relationship with employees, suppliers, and vendors. they have developed clear positions on how the firm and the employees will conduct business. The ABCO use to encourage and guide ethical behavior in the workplace that "monitoring of online searches and other electronic activity".
The vendor is the term which is defined as the anyone or usually trader who buys and sells the products or services from taking the products from companies and sells directly to the customers and consumers like retailers, and so on.
The ethical behavior in the workplace is to obey the company's rules and regulations, good communication, trust and respect of other workers.
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Which technology are retailers using to identify shoppers as they enter a store to allow store staff to customize the shopper’s buying experience?
Facial recognition technology are retailers using to identify shoppers as they enter a store to allow store staff to customize the shopper’s buying experience.
Who is said to be retailers?
Typically, retailers would purchase products from a producer, wholesaler, or other distributor and resale them to the general public. Small, family-run pharmacies or your neighborhood grocery shop can buy from the same outlets or from smaller suppliers, unlike large merchants like Walmart and Target which buy products in bulk from producers or wholesalers.
In either case, the merchant charges the customer a markup (the distinction between the product's purchase price and resale price) for such things. Retailers achieve profitability in this way.
Retailers must be set up to sell to customers directly in some way. Making decisions regarding physical and digital venues as well as how to sell things and engage with customers are all part of this.
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the problem solving approach followed by an organizational buyer in a new task buying situation is: a. selective. b. extensive. c. cerebral. d. systematic. e. none of the answer choices
The problem solving approach followed by an organizational buyer in a new task buying situation is: b. extensive.
The required details about organizational buyer is mentioned in below paragraph.
Organizational buyers are people who represent an organization. When making purchases, these buyers frequently consider both their own tastes and the expected preferences of the customers to whom the organizational buyer's business will sell.. There are various types of organizational purchasers. Resellers are either wholesalers or retailers who purchase goods from one company and resell them to another. For instance, major grocery chains may purchase goods directly from producers and resell them to final customers.
The three different buy classes are: (1) new buy, where an organization purchases a good or service for the first time; (2) straight rebuy, where an organization purchases a good or service from a list of approved suppliers again; and (3) modified rebuy, where an organization's buying center modifies the good's specifications.
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we purchased a vehicle for $45,000. it has an estimated useful life of 5 years and no residual value. what is the dollar amount we would record in our adjusting entry each month for depreciation of the vehicle if we use the straight-line method of depreciation?
The dollar amount that we would record in our adjusting entry each month for the depreciation of the vehicle using the straight-line method would be $750.
The straight-line method of depreciation calculates the depreciation expense evenly over the useful life of an asset. To calculate the monthly depreciation expense, we first need to determine the total amount of depreciation over the useful life of the asset, and then divide that amount by the number of months in the asset's useful life.
The total depreciation over the useful life of the vehicle can be calculated as follows:
Depreciation = Cost of Asset - Residual Value
= $45,000 - $0 (since there is no residual value)
= $45,000
The number of months in the useful life of the vehicle is 5 years * 12 months/year = 60 months.
Therefore, the monthly depreciation expense can be calculated as follows:
Monthly Depreciation = Depreciation / Useful Life in Months
= $45,000 / 60 months
= $750
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Understanding key document terms in a job cost shop (Learning Objective 2)Listed below are several document terms. Match each term with the corresponding statement in the list provided. Some terms may be used more than once and other terms may not be used at all.Termsa. Bill of materialsb. Job cost recordc. Production scheduled. Purchase orderse. Raw materials recordf. Labor time recordg. Receiving reporth. Materials requisitioni. Invoice1. A(n) ___is used to accumulate all of the costs affiliated with each job.2. All direct laborers in the factory fill out a(n)____3. The accounting department will not pay a(n)___ unless it agrees with the quantity of parts both ordered and received.4. Each item in the raw materials storeroom has its own____5. The___ is a control for the materials stored in the storeroom. In order to get direct materials, a(n)____must be presented.6. Before production begins, a manufacturer's purchasing department issues___to its supplier for needed direct materials.7. A(n)__ is typically a duplicate of the purchase order but without the quantity prelisted on the form. 8. The____is like a list of ingredients in a recipe, stating the materials needed to produce a product.
1. (b)job cost record 2. (f) labour time record. 3. (i)invoice 4. (e)raw materials record. 5. (e) raw materials record,(h) materials requisition must be presented. 6 (d) purchase orders.7 (g) receiving report 8. (a) bill of materials.
What is a job cost record?A job cost record is used to aggregate the costs of direct materials, direct labor, and the overhead to be applied to a specific job. As such, it is a source document for a job costing system, in which costs are accumulated for batches of units.
The materials listed on the record are extracted from material requisition forms, while the hours listed on it are taken from employee and contractor timesheets.
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shayley's reading an article about hiking trails on her mobile phone and sees an ad for hiking boots from outdoor retailer onestop. she has the onestop app installed and clicks on the ad. onestop has enabled deep linking. what will happen next?
Shayley will be taken directly to the hiking boots section of the OneStop app.
What is Business strategic planning?The process of developing a business strategy and an accompanying business strategic plan to carry out a company's vision and accomplish its objectives over time is known as business strategic planning. Leaders of a company develop their future vision and determine their organization's goals and objectives through the process of strategic planning. Establishing the order in which these objectives should be accomplished can help the organization attain its stated vision. A strategic plan comprising a goal, a strategy, and a tactic can look like this: Goal (what the organization wants): Over the following two quarters, boost online sales by 20%. Strategy (how the organization will obtain it): In the next two quarters, increase internet marketing and social media presence by 25%.
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the main reasons certain products dominate energy usage around the world is because they are group of answer choices easy to store and transport. favored by most governments. the cheapest form of fuel. the most efficient forms of fuel. unlimited.
The main reasons certain products dominate energy usage around the world can be attributed to a variety of factors. Firstly, these products are often easy to store and transport, making them more convenient and cost-effective for businesses and consumers.
What is transport?Transport is the movement of people, animals and goods from one place to another. It is a key component of the economy, and is necessary for the functioning of society. Transport can be divided into three main categories: land, air, and water.
Secondly, many governments favor these products due to their cost-effectiveness, which helps to reduce energy costs for the public. Thirdly, they are often the cheapest forms of fuel, making them attractive to those who are looking to save money. Finally, many of these products are the most efficient forms of fuel, meaning that they are able to produce more energy with less resources. While some energy sources may be unlimited, the majority of products used for energy are finite, meaning that their availability can be limited.
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you can easily identify covalent compunds because all elements in the compunds are classified as -------------
You can easily identify covalent compounds because all elements in the compounds are classified as non-metals.
What are covalent compounds?
When two or more nonmetal atoms join together via shared valence electrons, a covalent molecule is created. Once two atoms start sharing electrons, covalent bonds are created.
Water (H2O), methane (CH4), oxygen (O2), nitrogen (N2), and hydrogen (H2) are five examples of covalent bonding.
A covalent bond is a chemical connection formed when two atoms share electron pairs.
Although the structure of a water molecule is ionic, the bond is covalent because two hydrogen atoms place their positive charges on opposite sides of the oxygen atom, which has a negative charge.
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At the center of all analyses of the marketing environment is the _____ and his or her specific behavior and attitudes.
The consumer and his or her distinct behaviour and views are at the focus of any analysis of the marketing environment. consumer.
What are the central questions underlying every analysis of the marketing environment?
The consumer is crucial to the examination of the marketing environment.
What is marketing environment analysis?
The consumer and his unique behaviour and views are at the focus of all studies of the marketing environment.
The phrase "marketing environmental analysis" describes a strategic analytical tool that aids in locating internal and external environmental aspects that have an impact on an organization's capacity to function effectively. The organization's structure, culture, and rules are developed by managers to provide employees with clear guidelines.
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a 6% return that you could have earned if you had made a particular investment._______
Answer:
Explanation:
Opportunity cost of funds
because of scarcity: question 4 options: a) choices are unlimited. b) we face tradeoffs in nearly every choice we make. c) wants are limited. d) resources are limitless.
We must make sacrifices in almost every decision we make because of scarcity (b).
What is a scarcity?
The term "scarcity" as used in economics "refers to the fundamental truth that there are only finite amounts of both human and nonhuman resources, and that even the best specialist knowledge cannot alleviate all of the global challenges." can only be employed to generate finite maximum amounts of any economic commodity," according to the Oxford Dictionary. Natural resources, such as gold, silver, and other fossil fuels, are by their very nature rare. These resources become limited and their costs could rise when demand exceeds supply. Diamonds, for example, are a rare commodity that monopolizes the market and fetches high prices. Scarcity can be classified into three categories: structural, supply-driven, and environmental. decline in supply caused by environmental or other factors, increasing demand, and an economic deficit.
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