1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alchen [17]
3 years ago
8

Which of the following statements is​ true?

Business
1 answer:
raketka [301]3 years ago
8 0

Answer:

The correct answer is option C.

Explanation:

n economics, we know that the basic problem is the scarcity of resources. These resources have alternative uses. We have unlimited wants and needs. Whenever we decide how to use scarce resources to satisfy our wants and needs, we face a trade-off.  

We cannot satisfy all our wants and needs, if we want to satisfy one we have to sacrifice the other. Anytime a person decides to take any action, he/she faces trade-offs. Every individual regardless of his wealth and income is faced with making trade-offs.

You might be interested in
Morris owns a bicycle store. he often leaves daniel in charge of the store. one saturday evening, after daniel leaves the store,
White raven [17]
If Daniel took the cash, he could be found guilty of the crime of embezzlement. Embezzlement is a specific type of theft. It is when someone was entrusted with someone else's property (like an employer) and they steal some/all for their personal benefit.

Hope this helps! :)
3 0
3 years ago
Read 2 more answers
"Which of the following is correct?
ICE Princess25 [194]

Answer: Option (B) is correct.

Explanation:

The nominal GDP is equal to the real GDP in the base year, that's why GDP deflator in the base year is equal to 100.

GDP deflator is calculated as the nominal GDP divided by the real GDP multiply by 100. It is shown as:

GDP deflator = \frac{Nominal\ GDP}{Real\ GDP} \times 100

GDP deflator would be used as the conversion factor that transformed the real GDP into nominal GDP.

5 0
3 years ago
which describes the economic role of a worker? a buys goods and services b provides goods and services c is uninterested in good
maria [59]

Answer:  b provides goods and services

Explanation: I m pretty positive this is the ans bye

3 0
3 years ago
What is the first step in amending the Texas Constitution?
kolezko [41]

Answer:

The answer is below

Explanation:

According to Article 17 of the Texas Constitution which is otherwise known as "Mode of Amending the Constitution of This State"

The first step in amending the Texas Constitution is that the Texas State Legislature must make a proposition of the amendment in a joint resolution, involving both the Texas State Senate and the Texas House of Representatives. This joint resolution, however, can emerge in either the House or the Senate.

3 0
3 years ago
Consider the following simple economy that produces only three​ goods: 2009​ (Base Year) 2017 Product Quantity Price Quantity Pr
Oxana [17]

Answer:

The answer is $6680

Explanation:

To calculate the Real GDP we use prices from the base year.

GDP =  100x40 + 80x11 + 20x90 = $6680

8 0
3 years ago
Other questions:
  • When was the word integer introduced?
    9·1 answer
  • What are the three main reasons unethical business practices happen?
    7·1 answer
  • In human services, some administrative positions include the board of directors, development directors, grant writers, program d
    10·2 answers
  • NOVA Chemicals is a plastics and chemical company whose products are used in a wide variety of applications, including food and
    10·1 answer
  • Which business letter feature is found at the top of the page?
    13·1 answer
  • A researcher would like to study the average amount of debt owed by retired people in the United States. What could be an exampl
    6·1 answer
  • Block transactions are transactions for more than _______ shares, and they account for about _____ percent of all trading on the
    14·1 answer
  • The United States and France both produce sweaters and caps. Suppose that a US worker can produce 50 caps per hour or 1 sweater
    6·1 answer
  • T or F #7 QUICK
    6·1 answer
  • Jan tells Lee she will pay him to babysit her son Mark weekday evenings for six months. Lee agrees. Jan and Lee have formed Grou
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!