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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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Select the correct answer
Luda [366]

Answer:

option. C. $50

Explanation:

Your loss is limited to $50 if you notify your financial institution within two business days after learning of the theft.

7 0
2 years ago
6.Which statement applies to all centrally-planned economies?
Art [367]

Answer: C) the government makes all important economic decisions.

<span>A centrally planned economy is an economic system in which the  government makes all important economic decisions rather than leaving them to  consumers and businesses.</span>

<span>In these type of economy, prices are all controlled, the government sets plans, and the  economy is handled by bureaucrats. </span>

4 0
2 years ago
Harrelson Company manufactures pizza sauce through two production departments: Cooking and Canning. In each process, materials a
riadik2000 [5.3K]

Solution:

Instructions Journalize the April transactions:

Date                           Account Titles and Explanation

4/30                              Work in Process—Cooking

                                     Work in Process—Canning

                                                     Raw Materials Inventory

4/30                              Work in Process—Cooking

                                     Work in Process—Canning

                                                              Factory Labor

4/30                             Work in Process—Cooking

                                   Work in Process—Canning

                                                  Manufacturing Overhead

4/30                             Work in Process—Canning

                                    Work in Process—Cooking

Cooking and out the debits

Debit                               Credit          

22,800

10,900                             33,700      

9,400

7,230                              16,630

33,800

28,100                            61,900

55,900                          

                                      55,900

6 0
3 years ago
In what three ways does the government affect production of goods and services in the US economy?
denpristay [2]
Government activity affects the economy in four ways: The government produces goods and services, including roads and national defense. Less than half of federal spending is devoted to the production of goods and services
8 0
3 years ago
Data that are observed or collected directly from respondents are called: a. primary data. b. direct samples. c. secondary data.
Anon25 [30]

Answer:

Data that are observed or collected directly from respondents are called primary data.                      

Explanation:

Primary data are data obtained directly from respondents via field survey. These data are usually collected through the use of questionnaires or interviews.

4 0
3 years ago
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