When you have to give up one thing in order to get another this is called a <u>Tradeoff</u>.
<h3>Why do we have tradeoffs?</h3>
- As a result of scarcity, the resources available to us are not enough for all our needs and wants.
- We are forced to choose between needs and wants that will be satisfied.
Tradeoffs therefore lead to opportunity costs because we would be giving up the benefits of the alternative to the option we chose.
Find out more on tradeoffs at brainly.com/question/7072776.
Answer:
1,081,000
Explanation:
Here we will use the formula
Material Purchase = Beginning raw material - (Ending raw material + raw material used)
by applying this formula we can calculate Material purchased.
= 547,000 - (610,000+1,018,000)
= 1,081,000
Answer:
$152,600
Explanation:
The computation of the cost of the land is shown below:
Cost of the land = Purchase price + real estate commissions + delinquent property taxes + closing costs + clearing and grading of the land
= $125,000 + $9,500 + $1,800 + $3,500 + $12,800
= $152,600
We considered all the given information
hence, the cost of the land is $152,600
<span>The extent to which the income from individual transactions is affected by fluctuations in foreign exchange values is known as Transaction Exposure.</span><span />
Answer:
a. Classical theory
b. Monetarist school.
Explanation:
Classical theory assumes that the fall in aggregate demand will create temporary affect on employment and ;later in the long run economy will adjust itself and will be at full employment automatically. Keynesian theory believes that demand is the factor which drives the economy. If the economy is at recession then efforts should be made to increase demand which will turn the economy growth upright.
