1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
prisoha [69]
4 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]4 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.

You might be interested in
The income statement reports financial information related to the following broad areas of business except
AleksandrR [38]
The answer is B. Operating expenses
6 0
3 years ago
Bob is angry at his company XYZ Corp. since his annual bonus was too small. Bob who has authority to sign checks on behalf of XY
hoa [83]

Answer:

d) The bank does not need to pay because of the fictitious payee rule.

Explanation:

Here, the instrument is issued to a payee who has no interest in instrument and thus it is referred as fictitious payee. According to UCC's fictitious payee rule, the indorsement to fictitious payee is not considered forgery. In this case, the maker or drawer of instrument is liable for it. The drawer bank and collecting bank both are not liable for it.

7 0
3 years ago
Aria has a credit card that gives a 5% discount on every purchase and free shipping when used online. The annual percentage rate
tekilochka [14]

Answer:c

Explanation:

I jus took it

5 0
3 years ago
At the beginning of the year, the Finance Committee and the Planning Committee of a certain company each had n members, and no o
Alexus [3.1K]

The ratio of the total number of members who left at the end of the year to the total number of members at the beginning of the year was 1:6.

There were 24 members on the Finance Committee at the beginning of the year.

Explanation:

We are given that at the beginning of the year, the Finance Committee and the Planning Committee of a certain company each had n members, and no one was a member of both committees. At the end of the year, 5 members left the Finance Committee and 3 members left the Planning Committee.

First, we see that the total number of members of both committees at the beginning of the year is 2n. Also, since 5 members left the Finance Committee, the number of members who are on the Finance Committee at the end of the year is n – 5 and since 3 members left the Planning Committee, the number of members who are on the Planning Committee at the end of the year is n – 3.

We need to determine the value of n.

Considering the Statement  in the question

The ratio of the total number of members who left at the end of the year to the total number of members at the beginning of the year was 1:6.

We know that a total of 8 individuals left the committees at the end of the year. Using the information in statement one we can set up the following equation:

(number of members who left)/(members at the beginning)

8/(2n) = 1/6

Cross-multiplying, we obtain:

48 = 2n

24 = n

Thus, there were 24 members on the Finance Committee at the beginning of the year.  

4 0
4 years ago
____ is the process of gathering, storing, accessing, and analyzing data about a company in order to make better business decisi
scoundrel [369]

Every process that has to do with <em>gathering, storing accessing and analyzing data</em> for a company to make business decisions is referred to as: Business Intelligence.

The business world is faced with many vagaries such as risks and uncertainties. Every business intends to <em>minimize cost and maximize profits</em>. In order to do this, wise and better decisions must be made daily.

For business decisions to be made, <em>predictive views, data mining, process analysis, descriptive analytics, and performance benching</em> are all business intelligence entails.

  • Therefore, every process that has to do with <em>gathering, storing accessing and analyzing data</em> for a company to make business decisions is referred to as: Business Intelligence.

Learn more here:

brainly.com/question/21765674

7 0
3 years ago
Other questions:
  • "jerrod dean starts the month with a balance on his credit card of $1,000. on the 10th day of the month, he purchases $200 in cl
    11·2 answers
  • Continental Company is building a new hockey arena at a cost of $2,500,000. It received a downpayment of $500,000 from local bus
    5·1 answer
  • What is the correct term that describes the withdraw of protection or support or the discontinuance of medical care without prop
    7·1 answer
  • Using the concept of overfitting, explain why when a model is fit to training data, zero error with those data is not necessaril
    9·1 answer
  • At the beginning of the year, an investor buys 1,000 shares of XYZ stock, purchased at $33 per share. Subsequently, the stock ri
    11·1 answer
  • Sarah and James Hernandez purchased 140 shares of Macy's stock at $31 a share. One year later, they sold the stock for $35 a sha
    11·1 answer
  • 15 points :)!! Does reducing interest rates make it so banks make more loans, which overall increases the money supply????
    8·1 answer
  • A federal tax is paid to?
    7·2 answers
  • Suppose that you open a mutual fund account with a deposit of 500 dollars. 5 months later, the fund balance is 600 dollars, and
    15·1 answer
  • The goal of inventory management is to have the right ______, in the right _______, at the right _______.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!