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AlekseyPX
1 year ago
13

consider your decision to read this textbook on economics. identify which of the four core principles of economics is most relev

ant for each aspects of that decision.
Business
1 answer:
Verizon [17]1 year ago
7 0

The four core principles of economics that  is most relevant for each aspects of that decision are:

  • scarcity
  • supply and demand
  • costs and benefits
  • incentives

<h3>What are the core principles of economics?</h3>

Scarcity can be regarded as the  economic concept  which serves as the basic fact of life that there exists only a finite amount of human and nonhuman resources .

Supply and demand  serves as the  economic model of price determination that is bee used in the  market and it seen  in a competitive market, the unit price for a particular good, .

Learn more about economics from

brainly.com/question/17996535

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Which of the following is an example of a shortage?
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Answer:

Consumers cannot find enough of a popular new toy in stores.

Explanation:

If there is a shortage, there is not enough supply for the demand.

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3 years ago
A hamburger stand near the local mall sells hamburgers for $3.99, drinks for $1.99, and fries for $1.49, while a gourmet restaur
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Psychological pricing

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Psychological pricing also known as price ending, charm pricing is a pricing and marketing strategy based on the theory that prices produces a psychological impact. This involves setting prices as odd prices being a little less than a whole number such as $9.99 or £2.99. It is believed that consumers think that this prices are lower than they actually are.

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3 years ago
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Bank reconciliations are normally prepared on a monthly basis to identify adjustments needed in the depositor's records and to i
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Answer:

B.

Explanation:

The benefits of bank reconciliation is to detect errors such as double payments, missed payments, calculation errors etc.

Therefore they will be no need for adjustment to be recorded for bank errors, outstanding checks, and deposits in transit.

4 0
3 years ago
A _________ is generally considered an appreciating asset because it may _________ in value over time.
jeka94

A house is generally considered an appreciating asset because it may increase in value over time. Appreciation is an increase in the value of an asset over time. The increase of the value of the house may occur for a number of reasons, including increased demand or weakening supply, or as a result of changes in inflation or interest rates. One example would be: the neighborhood became very famous, so the value of the houses there will increase, because the demand will increase.

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Iggie took a university teaching job as an assistant professor in 1974 at a salary of $10,000. By 2003, she had been promoted to
tiny-mole [99]

Answer:

$36,000

Explanation:

The computation of the lggie's salary is shown below:

= (Iggie salary in 1974) × (2003 price index ÷ 1974 price index)

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= $10,000 × 3.6

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Since we have to compute the 2003 salary based on 1974 salary so we consider the 1974 salary and took the 2003 price index as a numerator and 1974 price index as a denominator.

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