1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
koban [17]
3 years ago
15

Which activity does economics primarily study?

Business
1 answer:
SashulF [63]3 years ago
3 0

Answer:

c. best utilization of scarce resources

Explanation:

Economics is the study of how society uses its scarce resources to meet the insatiable needs of its members. Resources are the inputs that a county uses to produce goods and services. They are the four factors of production.

Human needs are unlimited and cannot be satisfied with the available scarce resources, necessitating human beings to make choices. Economics will involve analyzing production decisions amidst limited resources. It also analyses how the goods produced are distributed to satisfy the different needs and wants of its members.

You might be interested in
Revenues, Expenses, and Cost of Goods Sold are closed to which of the following accounts:_________
iren2701 [21]

Answer: A) Income Summary

Explanation:

The Income Summary account is used to compile temporary accounts before posting them to capital accounts. Revenues, Expenses and Cost of Goods are temporary accounts which will be compiled in the Income summary account.

The Income summary account has a debit and a credit side with income going on the credit side and expenses going on the debit side. If the credit side is higher than the debit side then profits have been made. The reverse is true.

6 0
3 years ago
Melinda, who works in a jewelry store owned by Cindy, was picking up some gem stones for use in the store. On the way back to th
baherus [9]
Yes she should be held liable
6 0
3 years ago
Energy Unlimited, LP, is a limited partnership to which its partners, including Fink, have contributed capital. Energy's credito
fenix001 [56]

Answer: c. Grave first

Explanation:

In dissolving a limited partnership business all creditors are paid first.

4 0
3 years ago
A mask company set up a hospitality tent outside the Olympics arena. Its goal was to eoncourage patrons to view it as an Olympic
Grace [21]

Answer: Ambush Marketing

Explanation:

The mask company is engaged in Ambush marketing in the Olympics event.

Ambush marketing is a marketing technique that businesses use to give the public an impression that they are sponsoring an event when they aren't.

3 0
3 years ago
At October 1, Arcade Fire Enterprises reported stockholders' equity of $70,000. During October, no stock was issued and the comp
viva [34]

Answer:

$10,000

Explanation:

As provided no equity is issued, therefore,

Common stock + Net income = Stockholder's equity

We know common stock = $70,000

Further there might be some dividend paid, which shall be deducted from net income to compute total value of Stockholder's equity.

Therefore,

$70,000 + $18,000 - Dividend = $78,000

$88,000 - $78,000 = Dividend = $10,000

Therefore, dividends paid during the month = $10,000

5 0
3 years ago
Other questions:
  • A machine with a cost of $144,000, accumulated depreciation of $92,000, and current year depreciation expense of $20,500 is sold
    7·1 answer
  • The following information has been taken from the ledger accounts of Bridgeport Corporation.
    7·1 answer
  • In the formula for roi, idle plant assets are question 32 options:
    5·1 answer
  • Bonita Industries is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures wer
    10·1 answer
  • What does it mean to capitalize interest
    5·1 answer
  • Samson's purchased a lot four years ago at a cost of $398,000. At that time, the firm spent $289,000 to build a small retail out
    15·1 answer
  • A ___________ is established when an individual confers legal title to property to another person or institution to manage the p
    7·1 answer
  • Atlantis Fisheries issues zero coupon bonds on the market at a price of $455 per bond. If these bonds are callable in 5 years at
    9·2 answers
  • 27. When a person buys stock in a company, that person is buying ________, but when a person buys a bond in a company, that pers
    12·1 answer
  • Marigold Corp. bought a machine on January 1, 2011 for $806000. The machine had an expected life of 20 years and was expected to
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!