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PSYCHO15rus [73]
4 years ago
12

How does the concept of scarcity affect economic decision making?

Business
1 answer:
GuDViN [60]4 years ago
4 0

Answer:

The ability to make decisions comes with a limited capacity. The scarcity state depletes this finite capacity of decision-making. ... The scarcity of money affects the decision to spend that money on the urgent needs while ignoring the other important things which comes with a burden of future cost.

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What will happen when individuals and businesses are permitted to trade freely over a larger market area?
nydimaria [60]

They will be able to produce more and have access to buying a more diverse set of goods.

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7 0
3 years ago
How would the issuance of common stock for cash affect the accounting​ equation?
shepuryov [24]

Answer:

Explanation:

The journal entry to record the given transaction is shown below:

Cash A/c Dr XXXXX

    To Common stock A/c XXXXX

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3 0
3 years ago
A budget primarily comprises two categories, including what
Blizzard [7]

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Explanation:

3 0
3 years ago
During the current month, the Acme company had receivables of $16,590. It also had outgoing expenditures of $12,730. The company
andreyandreev [35.5K]

Answer:

$3,849.87

Explanation:

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