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Inga [223]
3 years ago
8

Scarcity: Group of answer choices

Business
1 answer:
Rudiy273 years ago
5 0

Answer:

c. is a problem that exists in every economy.

Explanation:

Scarcity is shortage of supply with respect to demand.

This arises because of (causes) : Unlimited Wants, Limited resources having alternative uses.

Scarcity is a problem of each & every economy : underdeveloped, developing or developed economy.  Eg - Developed Economy like US might be labour scarce, capital abundant & Developing Economy like India might be capital scarce, labour abundant.

This leads to (effects) : 3 Central Problems of Economy - What to produce , How to produce , For Whom to Produce .

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A wool​ suit, discounted by 60 % for a clearance​ sale, has a price tag of $ 620. What was the​ suit's original​ price?
never [62]

Answer:

$1,550

Explanation:

Given that

Price tag = $620

Discount percentage = 60%

By taking the information,

The computation of the suit original price equal to

= Price tag ÷ (1 - discount percentage)

= $620 ÷ (1 - 0.60)

= $620 ÷ 0.40

= $1,550

Therefore, the suit original price is $1,550 after considering the discount percentage and the price tag.

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3 years ago
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Answer:

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Explanation:

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3 years ago
When the federal reserve decreases the federal funds target rate, it means that
Alex
That it increases the money supply and the inflation is higher. More money can be loaned out by the bank.
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3 years ago
ABC Machine
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Answer:232165

Explanation:

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6 0
3 years ago
Consider the following data for a closed economy:
notsponge [240]

Answer: The answer is given below

Explanation:

a. . Private saving

Private saving=Y+TR-C-T

= $11t + $1t - $8t - $3t

= $12 trillion - $11 trillion

= $1 trillion

b. Public saving

Public Saving= T-G-TR

Since G is not given, we can use:

I = public saving + private saving

$2t = public savings + $1t

Public saving= $2 trillion - $1 trillion

Public savings = $1 trillion

c. Goverment purchases

Since public savings = T - G - TR

$1t = $3t - G - $1t

G = $3t - $1t - $1t

G = $3 trillion - $2 trillion

G = $1 trillion

d. The goverment budget deficit or budget surplus.

There is a budget surplus of $1 trillion which has been calculated in the public savings.

4 0
3 years ago
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