The following statements describe the economic concept of scarcity:
1. All useful resources are limited.
2.Resources are scarce which explain why we are willing to pay for them.
3. Because of scarcity, individuals must make choices.
In economics, scarcity is the study of how people attempt to satisfy their needs and wants by making choices. The principle of scarcity states that limited goods and services are available to meet unlimited wants.
Answer:
Have specific assets of the issuing company pledged as collateral.
Explanation:
The concept of a secured bond is similar to that of a secured loan. The secured bond requires the issuer to attach some specific assets as collateral. If the bond issuer fails to honor his bond obligations, the title for the assets passes on the bond buyers.
Secured bonds assure the investors that at least end up the certain assets should the bond issuer fail in bond payments. Corporations or government agencies that lack convincing financial track records use a secured bond to attract investors.
Answer:
The answer is Option B.
$48000
Explanation:
Guaranteed payment $30,000.00
Balance distribution [($210000-$90000)*40%] $48,000.00
Stephanie's adjusted gross income $78,000.00
Less : Guaranteed Payment every year $30,000.00
Increase in Stephanie's adjusted gross income $48,000.00
Answer:
B) increases in the value of a product to each user, including existing users, as the total number of users rises.
Explanation:
A network effect happens when a product or service gains value because more people are consuming or using it.
The perfect example of network effects are social networks, the larger the quantity of people using them, the more valuable they become for both new and existing users.