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Romashka [77]
4 years ago
5

From an economic context, select the correct definition of a market.

Business
1 answer:
ivanzaharov [21]4 years ago
5 0

Answer:

an institution that brings together buyers and sellers of goods or services

Explanation:

The economic definition of a market is ; it is an institution that brings together buyers and sellers of goods or services. They therefore interact with each other and exchange these goods and services for money. For the given examples of a market, you will make a choice based on the above definition and all of them are correct.  NFL players hoping to sign with a team are suppliers of expertise and  teams looking for additional players are buyers. Trader Joe's grocery store is a seller of goods and the  "foodie" people are the buyers, same to local farmer's market . The New York Stock Exchange is a securities market too.

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Why is zero unemployment and zero inflation not ideal for the economy?
TEA [102]
Zero unemployment and zero inflation is not good fpr the economy because inflation is important to keep the economy running.economis t call this sustainable inflation. when there is an inflation , you know that the price will rise in the future. your money is more valuable now since the price is lower then the future thus you sped noe instead of saving. this keeps the economy running.
If unmeployment were zero that would mean no new business could start, no existing business could expand and no one is entering the labor force. shortage of labor like this would increase the wage as the existing business  have to compete for the labors and if wage sgoes up then prices goes up as well: inflation.

3 0
4 years ago
Happy​ Trails, Inc. manufactures railway coaches and uses the FIFO method of process costing to record costs. The Workminusinmin
sertanlavr [38]

Answer:

80 % of materials ;  43 % of conversion costs

Explanation:

The FIFO method traces equivalent units for materials and conversion costs for the following categories :

  1. Opening Work in Process units
  2. Units started and completed
  3. Ending Work in Process units

So the units not completed from last months are the first to be completed during the month (hence To finish Opening Work in Process). During the year there are units started and completed (hence Units Started and Completed) and units started that never gets completed (hence Ending Work in Process units).

All these physical units need to be expressed to the percentage of work done on them - equivalent units.

The question is focusing on Number 3 - Ending Work in Process units. So 80 % of materials and 43 % of conversion costs were added during October for these units.

4 0
3 years ago
What is scarcity and can u give websites to explain this and some examples?
dlinn [17]

Answer:

When something/substance scarce .

Meaning it’s hard to find it, and there’s not a lot. Almost like rarity. But when something is rare there’s not a lot of it and never was, scarcity, cAN sometimes be when there is a lot of something and now there isn’t.

Hope this helped!!

LunarRose3

Explanation:

3 0
3 years ago
38. Mary Catherine, an international student from Ireland, has a Form W-2 that shows amounts withheld for Social Security and Me
Lera25 [3.4K]

Answer: Form 843

Explanation:

As a taxpayer, Mary can use Form 843 to claim a refund of her Social Security taxes. First she tried to obtain the refund through her employer and should this fail, she should fill out a form 843 and submit it to get help on the claim.

The form can also be used to get an abatement on FUTA taxes as well as a refund of interest, penalties, or additions to taxes.

6 0
3 years ago
_____ media are specifically designed to help bring customers eyeball to eyeball with the product--often at the point of sale or
cupoosta [38]

Answer:

This question is incomplete, the options are missing. The options are the following:

a) Exhibitive.

b) Transit.

c) Direct mail.

d) Outdoor.

e) Print.

And the correct answer is the option A: Exhibitive.

Explanation:

To begin with, the term known as <em>"Exhibitive Media"</em>, in the field of marketing and business, refers to the strategy used by the companies whose approach is in the point of sale marketing. This type of strategy focus on exhibiting the product to the costumer the closer as possible so it will generate an impulse on the client of buying the product without having it thought before seeing the product. A very common example of this strategy is the situation in where the supermarkets fill their lines to the cashier with other retails that have product that are attractive at first sight.

6 0
3 years ago
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