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2 years ago

A country decides to produce wool. Which of the following key economic questions does this decision address?

Business

2 answers:

goldenfox [79]2 years ago

7 0

I believe the answer is: a. What should be produced?

-What should be produced?- is one of the three basic economic question that could only be asked after considering the available resources in the country, technology development, and purchasing power among the people.

The end answer for this question should be in the form of product.

ehidna [41]2 years ago

6 0

The correct answer is letter A. What should be produced. It is one the key economic decision questions that has to be answered so that the reason of making something won't go to waste.

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You are considering investing $1,000 in a T-bill that pays 0.05 and a risky portfolio, P, constructed with two risky securities,

kozerog [31]

Answer:

$240; $160

Explanation:

The computation is shown below:

As we know that

if there is 40% of money engaged in the risk portfolio is

= $1000 × 40%

= $400

Now amount in X is

= $400 × 0.60

= $240

And, the amount in Y is

= $400 × 0.40

= $160

hence, the last option is correct

All other valeus i.e. given in the question is not relevant. hence, ignored it

5 0

3 years ago

Lisa’s pizza is trying to compete with the larger domino’s pizza down the street for customers. She feels she can deliver a bett

jolli1 [7]

Lisa's Pizza is trying to compete with the larger Domino's Pizza down the street for customers. Lisa here is trying to practice operations management.

More about operations management:

Operations management is a branch of management that focuses on planning, organising, and redesigning the production process for goods or services as well as business operations.

The management of business procedures to achieve the best level of productivity within an organisation is known as operations management (OM). In order to increase an organization's profit, it is concerned with transforming resources like labour and materials into products and services as effectively as feasible.

Teams in charge of operations management strive to produce the maximum net operational profit by balancing costs and revenues.

Learn more about Operations management here:

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8 0

1 year ago

Harry’s shoe store has noticed a significant increase of revenue of $123,000. The manager has also determined that the total exp

Elis [28]

Answer:

Net loss; $5,000

Explanation:

$123,000 (income)

- 128,000 (expenses)

_________________

-5,000

5 0

3 years ago

If rice is an inferior good: a. the income elasticity of demand for rice will be positive. b. an increase in income will cause t

tatuchka [14]

Answer: The answer is b -an increase in income will cause the demand curve of an inferior good to shift to the left.

Explanation: An inferior good is a good whose demand reduces as income increases. It's demand has an inverse or negative relationship with income. Therefore as the income of the individual increases, the demand for an inferior good reduces. On a graph, the reduction in demand is depicted by an inward shift of the demand curve or a shift of the demand curve to the left to show a reduction in demand. Income is one of the factors that leads to a shift in the demand curve. The income elasticity would be negative

3 0

3 years ago

A trial balance will not balance if a. a journal entry is posted twice. b. a wrong amount is used in journalizing. c. incorrect

svet-max [94.6K]

Answer:

d. a journal entry is only partially posted.

Explanation:

a. a journal entry is posted twice

This will lead to incorrect account balance, but the accounts will balance.

Because we are repeating a correct entry twice, so it will not make the trial balance not balance.

EXAMPLE

inventory 100 debit

cash 100 credit

inventory 100 debit

cash 100 credit

b. a wrong amount is used in journalizing

Similar as before, the accounts are being increased or decreased for a different amount than it should be. But this do not generate any trouble in the trial balance.

EXAMPLE

inventory 80 debit

cash 80 credit

c. incorrect account titles are used in journalizing

using a diferent name will generate impact on another account, the debit and credit imapct will be the same anyway, it will not affect the balance

EXAMPLE

Inventory 80 debit

Taxes payable 80 credit

d. a journal entry is only partially posted.

in this case, the entry is not balanced, generating a difference in total debit and credit.

EXAMPLE

Inventory 80 debit

We are not posting anything on credit, this is not in balance

4 0

3 years ago