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oee [108]
2 years ago
15

Explain how farmers' economic choices were affected by the scaricity of the resources.

Business
1 answer:
oksano4ka [1.4K]2 years ago
3 0

It means that the demand for a good or service is greater than the availability of the good or service. Therefore, scarcity can limit the choices available to the consumers who ultimately make up the economy. Scarcity is important for understanding how goods and services are valued.

<h3>How has scarcity forced you to make economic choices?</h3>

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. Thus, people need to make choices in order to satisfy the wants that are most important to them.

<h3>What is scarcity of resources?</h3>

Scarcity in economics refers to when the demand for a resource is greater than the supply of that resource, as resources are limited. Scarcity results in consumers having to make decisions on how best to allocate resources in order to satisfy all basic needs and as many wants as possible.

To learn more about Scarcity , refer

brainly.com/question/1888324

#SPJ4

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There are a lot of ways to deal with an indecisive co-worker.
But for me here are some important tips that might be very helpful to make them not to be indecisive.  
First - boost their confidence, let them do the talking sometimes
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8 0
3 years ago
A(n)
eduard

Answer:

"Pension fund" is the appropriate solution.

Explanation:

The term "pension plan" for employers would be a recognized plan or organization which offers an amount of livelihood throughout pensions.

  • Sometimes staff, potential employees, or sometimes both pay toward funding or contributions.
  • Governments around the world throughout all concentrations give retirement compensation.

Thus the above is the correct answer.

8 0
2 years ago
Sadik Inc.'s bonds currently sell for $1,180 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year ma
Nadya [2.5K]

Answer:

7.74%

Explanation:

The yield to call would be the internal rate of return considering the cahsflow until the bodn is called. W can solve for that using excel IRR function;

We list the cashflow in order.

F0 -1180

F1 105

F2 105

F3 105

F4 105

F5 1205 (105 coupon payment plus 1100 principal)

We now write the function and get the YTC

=IRR(B1:B6) 7.7366%

3 0
3 years ago
Assume that Simple Co. had credit sales of $258,000 and cost of goods sold of $158,000 for the period. Simple uses the aging met
Sphinxa [80]

Answer: The amount of bad debt expense the company would record would be $3,470.

Explanation: Bad debt expense is an estimate of accounts receivable that is deemed as uncollectible while allowance for doubtful accounts is a balance sheet allowance account that warehouses the total balance of accounts receivable that is deemed irrecoverable.

In this scenario, Simple Co. estimated, using the aging method, that the allowance for doubtful accounts is $3,800. However, it had a credit balance of $330 in the same account. The reinstate the allowance account to $3,800, $3,470 has to be adjusted for by debiting bad debt expense and crediting allowance for doubtful account.

3 0
3 years ago
A suite of integrated software modules for finance and accounting, human resources, manufacturing and production, and sales and
marissa [1.9K]

Answer:

(b) ERP system

Explanation :

ERP is know as enterprise resource planning , it is a software which is utilized for business process  

it enables an association to utilize an arrangement of incorporated applications to deal with the business and computerize many back office capacities identified with innovation, administrations and HR.  

ERP programming coordinates these different capacities into one complete framework to streamline procedures and data over the whole association. The main focus of all ERP frameworks is a mutual database that supports various capacities utilized by various specialty units.

6 0
3 years ago
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