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Andru [333]
3 years ago
7

How does a market system prevent people from getting as many goods and services as they wish?

Business
1 answer:
Dvinal [7]3 years ago
7 0
Prices prevent this. Lots of people can't afford to get as much as they wish, rather as much as they can buy. That's why a market system and stores don't sell out so easily, because people don't buy as much as they really wish for, but how much they need. 
Hope this helps!
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Which of the following describes a situation in which there would be decreasing marginal utility?
Ray Of Light [21]
Marginal utility<span> is the additional satisfaction a consumer gains from consuming one more unit of a good or service.

so the decreasing in satisfaction from getting goods is (I think) B</span>
4 0
4 years ago
Read 2 more answers
Maria sees a leather coat in a department store and purchases it immediately even though it is expensive. Before purchasing, she
igomit [66]

Answer:

cognitive dissonance

Explanation:

Cognitive dissonance occurs when an individual pursues more than one contradictory value, idea, or belief. This leads to stress as the person is form between multiple choices.

For example a HR manager is responsible for staff welfare and also owes allegiance to the management. If management is carrying out a policy that has adverse effect on staff the HRanager will be torn between conflicting beliefs.

In this case although Maria purchased the coat at higher price she experiences tension because she would have purchased it at lower price somewhere else.

3 0
3 years ago
List at least 6 things your credit card company must clearly disclose to consumers.
never [62]

It is important to review the credit card disclosure for information on APRs, Penalties, Grace periods, Minimum financing charges, Calculation methodologies, and Fees.

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The interest rate that a client will pay on outstanding balances is the most obvious example of a cost listed on a credit card disclosure. Basic elements like the monthly payment deadlines will also be covered in the disclosure.

Learn more about Credit Card here:

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8 0
1 year ago
Which of the following is true about specification ?
IceJOKER [234]

Answer:

b. Specifications should not be set arbitrarily. If you set a specification to loosely, the customer will be dissatisfied or upset with the performance of what you provided, even though it meets the specification.

Explanation:

Specification is defined as a set of requirements that needs to be met when producing a product. They give a value that seperate this product from others in performance.

Specification should be narrowly defined as this will help effectively meet the customer needs.

When specifications are too loosely defined the product might not meet customer needs.

For example if a developer requires a laptop with high processing power and the company decides to provide a more generic and lower processing power, the target customer will not be satisfied

7 0
3 years ago
Nominal gross domestic product (GDP) increased from $15.62 trillion to $16.09 trillion, and the price level increased from 120.0
Vesna [10]

Answer:

2.0 percent

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Inflation can be defined as the persistent rise in general price levels.

Inflation can be calculated by determining the change in price levels.

(122.4 / 120 ) - 1 = 0.02 = 2%

I hope my answer helps you

5 0
4 years ago
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