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Novosadov [1.4K]
3 years ago
11

which of the following best explains why resources need to be allocated in the game of economics? A) natural resources are often

found in places far from where they are used for production B) if sufficient resources are not set aside for future production, scarcity cannot be eliminated C) there are not enough resources to produce all of the good and services that everyone wants. D) there are always different production methods for the same goods and services
Business
2 answers:
professor190 [17]3 years ago
8 0

Which of the following best explains why resources need to be allocated in the game of economics? C. There are not enough resources to produce all of the good and services that everyone wants. There will never be enough resources available to produce everything that every person wants, so there needs to be a purpose for the ones we do have available and where they need to be allocated. Although, in a perfect world, there will be enough goods and services that everyone wants available when they want them, that just isn't the case so it's important to make sure the needs are produced before the wants.

DerKrebs [107]3 years ago
4 0

C) there are not enough resources to produce all of the good and services that everyone wants.

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A _____ grants the inventor of a new product or process exclusive rights for a defined period to the manufacture, use, or sale o
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Answer:

patent

Explanation:

A patent is a type of intellectual property that is classified as an intangible asset. It provides the patent holder protection for any invention that he/she has developed and registered with the proper government authorities. Patents usually last between 14 to 20 years and during that time the patent holder has the exclusive right to manufacture, use or sell his invention.

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3 years ago
Carey is a waiter at a restaurant that pays a small hourly amount plus tips. Customers are not required to tip the waiter. Carey
Nina [5.8K]

Answer:

Yes, she is required to include her tips in gross income.

Explanation:

Yes, Carey is required to include her tips in gross income. She is required to include both her small hourly amount and her tips, declaring both as a total sum amount. Even though the customer has no obligation to pay any tip of any kind to Carey, any tip she receives will count as compensation for services, as the tips are payments for her service to the customer.  

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3 years ago
Unlike goods, services:
harina [27]

Answer:

(D) are more heterogeneous and less standardized and uniform

Explanation:

Since services have greater heterogeneity, there is some variability of inputs and output in services, so they tend to be less standardized and uniform than goods.

7 0
3 years ago
Why did many banks fail after the stock market crashed?
kumpel [21]
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6 0
3 years ago
Read 2 more answers
In Kuehn v. Pub Zone, the intermediate appellate court whose decision is featured in the case summary ruled that the Pub Zone __
omeli [17]

Answer:

The correct word for the blank space is: did not.

Explanation:

The Kuehn v. Pub Zone is a court case where Karl Kuehn sued Maria Kerkoulas -the owner of Pub Zone bar in Union, New Jersey- because Kuehn was beaten by a motorcycle gang inside the men's bathroom of Pub Zone. Kerkoulas had knowledge of the irrational behavior of motorcycle gangs in the area though, on the day when the attack took place, the Pagan's gang surpassed security in Pub Zone yet Kerkoulas decided to attend them. Later, the gang was heading towards the back of the pub. Kerkoulas thought they were leaving but they were following Kuehn to the men's bathroom where he was seriously injured.

Kuehn sued Pub Zone and the jury awarded $300,000 in damages but the trial court judge overruled the jury's decision and Pub Zone ended up owing nothing to Kuehn. <em>The owner of a business is not the insurer of the customers and has no duty on any care of one of them until a major event occurs</em>. Then, even if Kerkoulas knew about the behavior of the motorcycle gang, she is not responsible for the care of Kuehn on the gang attacking him.

3 0
3 years ago
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