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prisoha [69]
3 years ago
10

The scarcity problem:- Persists only because countries have failed to achieve continuous full employment.- persists because econ

omic wants exceed available productive resources.- has been solved in all industrialized nations.- has been eliminated in affluent societies
Business
1 answer:
ladessa [460]3 years ago
3 0

Answer:

Persists because economic wants exceed available productive resources.

Explanation:

According to Lionel Robbins, Economics is the science which studies human behavior as a relationship between ends and scarce means which have alternative uses.

The problem of scarcity is that our wants are always beyond what we can produce with our resources.

Economics is the solution to this problem of what resources to use, how best to use them, and when to use them.  

Because of this scarcity, all people have to make choices. When making choices, we assess the opportunity cost or the alternative forgone.

The opportunity cost of taking action is what we could have got if we had taken an alternative action.

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The detail you need to add to your next slide should address the issue of questions from the audience.

<h3>What is a Presentation?</h3>

This refers to the use of diagrams, charts, and tables to present an idea to an audience.

Hence, we can see that The detail you need to add to your next slide should address the issue of questions from the audience.

This is because you are being proactive by adding a slide of potential questions from the audience.

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2 years ago
A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed i
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Answer:

Direct labor time (efficiency) variance= $22,000 favorable

Explanation:

<u>To calculate the direct labor efficiency variance, we need to use the following formula:</u>

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (3*8,000 - 22,000)*11

Direct labor time (efficiency) variance= (24,000 - 22,000)*11

Direct labor time (efficiency) variance= $22,000 favorable

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2 years ago
Briefly list and discuss two problems that a purchasing department sometimes has in meeting objectives.
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identify a correct statement according to those who believe that regulation of discrimination and other areas of employment rela
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An accurate statement according to individuals who trust that regulation of discrimination and other areas of the employment relationship is vital: financial forces do not have the funds for absolute safety against employment discrimination on the basis of race, gender, nationality, or different covered categories.

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