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Elis [28]
3 years ago
5

Economics is different from other social sciences because it gives special emphasis to the study of ______; it is similar to oth

er social sciences because they are all concerned with the study of _______.
Business
2 answers:
neonofarm [45]3 years ago
8 0

Answer:

Economics is different from other social sciences because it gives special emphasis to the study of ______; it is similar to other social sciences because they are all concerned with the study of _______.

the answers are opportunity cost; choices

Explanation:

The major emphasis of economics is how people choose among the alternatives available to them. Economics studies the concept of opportunity cost (i.e) the wants left unsatisfied in other to satisfy more pressing needs. Since the study of economics arises as a result of scarcity, the act of choosing important want to be satisfied and leaving less  the less important ones unsatisfied is an important aspect that economics studies

However, It is similar to other social  sciences  because it involves people and their behavior. (i.e people and their choices) subjects such as political science, sociology, psychology etc. all studies human behavior and how human reacts to what they are faced with daily.

KIM [24]3 years ago
3 0

Answer:

The correct answer is letter "C": opportunity costs; choices.

Explanation:

The main focus of Economics is the study of scarcity. Scarcity pushes individuals to make trade-offs because their needs are unlimited but the resources to fulfill those needs are finite. Then, <em>individuals must analyze the </em><u><em>opportunity costs</em></u><em> of </em><u><em>choosing</em></u><em> one product or service or another to satisfy their wants</em>.

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Explain how the basic economic problems are solved under capitalism?​
Brums [2.3K]

Answer:

Under capitalistic economy, allocation of various resources takes place with the help of market mechanism. Price of various goods and services including the price of factors of production are determined with help of the forces of demand and supply. Free price mechanism helps producers to decide what to produce.

The goods which are more in demand and on which consumers can afford to spend more, are produced in larger quantity than those goods or services which have lower demand. The price of various factors of production including technology helps to decide production techniques or methods of production. Rational producer intends to use those factors or techniques which has relatively lower price in the market.

Factor earnings received by the employers of factors of production decides spending capacity of the people. This helps producers to identify the consumers for whom goods could be produced in larger or smaller quantities. Price mechanism works well only if competition exists and natural flow of demand and supply of goods is not disturbed artificially.

Explanation:

7 0
2 years ago
Ivanhoe Corporation issued $468,000 of 6% bonds on May 1, 2020. The bonds were dated January 1, 2020, and mature January 1, 2023
max2010maxim [7]

Answer:

May 1, 2020

Dr Cash $477,360

Cr Bonds Payable $468,000

Cr Interest Expense $9,360

July 1, 2020

Dr Interest Expense $14,040

Cr Cash $14,040

Dec 31, 2020

Dr Interest Expense $14,040

Cr Interest Payable $14,040

Explanation:

May 1, 2020

Dr Cash $477,360

Cr Bonds Payable $468,000

Cr Interest Expense $9,360

(Accrued Interest = 468,000 x 6% x 4/12)

July 1, 2020

Dr Interest Expense $14,040

Cr Cash $14,040

(Bond interest expense = $468,000 x 6% x 6/12)

Dec 31, 2020

Dr Interest Expense $14,040

Cr Interest Payable $14,040

6 0
3 years ago
A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's una
wlad13 [49]

Answer:

$3,355

Explanation:

Accounts receivables = $ 352,000

Debit Allowance for uncollectible accounts = 630

Net Sales = $797,000

The company estimates that 0.5% of net credit sales are uncollectible

Estimates of uncollectible receivables

= 0.5% × $797,000

=$3985

This is the total amount to be recognized at the end of the year as Bad Debts Expense. Since a debit of $630 has been recognized already, additional debit required

= 3985 - 630

= $3,355

The amount to be debited to Bad Debts Expense when the year-end adjusting entry is prepared is $3,355.

5 0
2 years ago
While attending a staff meeting and listening to a coworker present information on the legal use of copyrighted images, Darrell
Oxana [17]

Answer:

He should tell his coworker that there is mistakes, but in a polite way.

Explanation:

hope this helps

8 0
2 years ago
Pastina Company sells various types of pasta to grocery chains as private label brands. The company's fiscal year-end is Decembe
RUDIKE [14]

Answer:

1) The net income for the period ended December 31, 2018, is 68103.

2)The total liabilities and stockholders equity is 261615.

Explanation:

1) 1920 sales revenue is an unearned revenue since delivery will be made in 2019  

Interest payable on note oct 1 :Interest =71400\times.12\times3/12=2142             [1 Oct - 31 Dec]  

Interest receivable on march 1 :Interest= 29400\times.08\times10/12=1960    [1 Mar -31 -Dec]  

Supplies used = 1850 unadjusted -980 ending inventory = 870  

Insurance expired for the period =[6200\times1/2 ] =3100 per year \times 9/12 =2325               [1april -31 dec ]

3 0
2 years ago
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