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Fudgin [204]
3 years ago
15

The scarcity problem: Group of answer choices has been solved in all industrialized nations. persists because economic wants exc

eed available productive resources. persists only because countries have failed to achieve continuous full employment. has been eliminated in affluent societies such as the United States and Canada.
Business
1 answer:
Zina [86]3 years ago
4 0

Answer:

persists because economic wants exceed available productive resources.

Explanation:

The scarcity problem is the fundamental economic problem in every kind of society: from the most primitive, to the most advanced, and this is because the nature of human beings is that they are never fully satisfied, and always want more, no matter how rich or poor they are.

In advanced nations such as the United States, Switzerland, or Norway, the scarcity problem still exists. This is why there are economists in these countries in the first place, and why economic policy is a central part of any politician's and government's platform.

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For each of the following pairs of firms, explain which firm would be more likely to engage in advertising.
lions [1.4K]

Answer:

The correct answers are:

a) Family owned restaurant

b) A manufacturer of cars

c) A company that invented a very comfortable razor

Explanation:

First of all, the family who owned a restaurant will be the one that would most likely engaged in advertising due to the fact that they provide a service that has to be known for the people of the community around the place and all the tourists that go that area, meanwhile the other familiy would obviously just sell its products to the better buyer that they could find.

Secondly, the manufacturer of cars would be the one that most likely engaged in advertising due to the fact that they found themselfs in a very competitive and oligopoly market that is the car market and therefore that they highly need to stand out their making them better than the ones from the competitors.

Finally, the company who invented a very comfortable razor would be the one who engaged more in advertising due to the fact that they known they have a better product that the rest of the competitors so they need to take advantage of that and make sure that the consumers know about it and with that they would sell more and therefore invest more in advertising as well.

7 0
3 years ago
4. AirCar LLC, a producer of consumer electronics, had provided its employees an annual bonus. After a change in management, the
Ivan

Answer:

Option C. It provided individual incentives; now it provides organizational incentives.

Explanation:

The reason is that incentives were previously assessed on the individual performance and now changing it to stock option reflects that if the whole of the organization will perform well then all of them will benefit from the increase in the value of the company shares which benefits employee, organization and the shareholders as well.

3 0
3 years ago
Each day you have $5 for lunch. Today, you decided to save $2
prisoha [69]

Each day you have $5 for lunch. Today, you decided to save $2  and buy the chicken salad tomorrow for $6.50-<u>In this case the money is being used </u>

<u>to save and store the purchasing power</u>

Explanation:

The term money can be defined as a thing that serves as

  • A medium of exchange which is usually financial in nature.
  • It is used by the borrower to repay back to the lender-used to repay the debt.
  • It is used as an unit of accounting to measure your income and expenditure.
  • It is used to store the value of money -in other words used to save  the  purchasing power of an individual

Thus we can say that ,

Each day you have $5 for lunch. Today, you decided to save $2  and buy the chicken salad tomorrow for $6.50-<u>In this case the money is being used </u>

<u>to save and store the purchasing power</u>

8 0
3 years ago
a. Create the most efficient way to move products from producer to consumer b. Create a network of suppliers, intermediaries and
schepotkina [342]

Answer:

a. producers-wholesalers-retailers-consume

b.

Explanation:

it is easy to cut cost of transport, storage ,etc

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3 years ago
Rachelle purchased a warehouse 19 years ago in the month of September. The purchase price was $400,000. In May of the current ye
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3 years ago
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