All categories

2 years ago

In most societies, resources are allocated by

1 answer:

7 0

In most societies, resources are allocated by the combined action of millions of households and firms.
Resources are very important to setup and build societies. Resources are scare and this is the reason why societies and households faces many decisions. How societies manage scare resources, we study this in economics.

You might be interested in

Which factor could influence an employer to increase an employee's wages?

ElenaW [278]

Answer:

B most likley because i dont see hwo it can be A or D because both will lower an employees wages

Explanation:

7 0

2 years ago

During a presidential campaign, the incumbent argues that he should be reelected because nominal GDP grew by 12 percent during h

bearhunter [10]

Answer:

Grew by 2%

Explanation:

Given: nominal GDP =12% positive value cause it grew by 12% during these years.

Population grew by 4%

GDP deflator = 6% positive value cause it also grew by 6%

Question says we must find real GDP per person for the 4 year term that the president has served for so we will use the formula to calculate GDP Deflator to actually solve for Real GDP as we know the formula is GDP Deflator= (nominal GDP per person%)/(Real GDP per person%)x100

So we already have the nominal GDP and the GDP deflator therefore we substitute to the above formula:

6% = (12%)/ (Real GDP per person percentage) x100, and now we solve for Real GDP per person%

Therefore we multiply both sides with Real GDP percentage and get:

Real GDP per person %( 6%) = 12% and then we divide both sides with 6%,

Therefore Real GDP is 2% so we also see that real GDP has actual grown by 2% because the GDP deflator grew instead of decreasing where nominal GDP is also positive so if we have a fraction where an answer is positive we know both fraction values must be positive pus if the GDP deflator increases both nominal and Real GDP increase and that’s the relationship they have.

4 0

2 years ago

Using the percentage of receivables method for recording bad debt expense, estimated uncollectible accounts are $11,000. If the

frosja888 [35]

Answer:

Adjustment balance will be $13800

Explanation:

We have given estimated uncollectible accounts are $11,000

And doubtful account is $2800

We have to find the balance after adjustment

Balance after adjustment will be sum of uncollectible accounts and doubtful account

So the adjustment balance will be equal to $11000 + $2800 = $13800

So the adjustment balance will be $13800

8 0

3 years ago

In a standard cost accounting system, the entry to record purchase of raw materials on account for $13500 when the standard cost

Sedaia [141]

Answer:

a. Debit to raw material inventory for $12,750, debit to material price variance $750 and credit to account payable for $13,500.

Explanation:

Date Journal Entry Debit Credit

Raw Material Inventory $12,750

Material Price Variance $750

Accounts Payable $13,500

3 0

2 years ago

when all-in-one technology offers its customers a discount for ordering their television, internet, and phone service all with a

Archy [21]

Penetration evaluation could be a strategy utilized by businesses to draw in customers to a brand-new product or service by giving a cheaper price ab initio.

The cheaper price helps a brand-new product or service penetrate the market and attract customers far from competitors.

EDLP is related to Walmart because the company has used it systematically in its selling. As an evaluation strategy, Walmart founder SAM Walton used EDLP once gap his initial stores.

In a predatory evaluation theme, area unit costs are set low to drive out competitors and build a monopoly. Shoppers could enjoy lower costs in the short term. However, they suffer if the theme succeeds in eliminating competition, as this could trigger an increase in costs and a decline in selection.

To learn more about monopoly, visit here

brainly.com/question/5992626

#SPJ4

8 0

10 months ago