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Trava [24]
3 years ago
6

It is necessary for all economic systems to provide people with goods and services and also restrict them from getting as much o

f these goods and services as they wish, because failure to do this could ________ the efficiency of the system by producing some goods and services that are ________.
Business
1 answer:
solong [7]3 years ago
8 0

Answer:

The correct answer is: reduce; not as highly valued as others.

Explanation:

All the economic systems must provide people with the goods and services that they want and need. But it is also necessary to limit them from getting as much as they wish.

This is because providing as many goods and services as they want may lead to a reduction in efficiency. Economic efficiency is achieved when resources are allocated in such a way that there is no wastage and resources are allocated to most valued use.

If the economic systems do not restrict the production of goods and services as much as they want it may lead to the production of those goods and services that are not as highly valued as others. This will cause wastage of resources, thus reducing the economic efficiency of the system.

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About 13 to 16 guests out of every 100 are purposefully out to scam us and get something for free.
Oxana [17]

Answer:

Find attached complete question with the multiple choices:

The correct answer is false

Explanation:

The statement implies that in an hospitality business,13% to 16% of the guests checked in, in order to be served for free.

Hospitality business sector prouds itself in having clients that have taste and want value for money,this is evident in their ability to make payments for hotel reservations prior to arrival,as a result ,it would be out of place to say 13% to 16% of such individuals want free service.

Everyone knows that such luxury of service comes at a premium price,it is not in anyway similar to buying a course online where to some extent you enjoy a free service(freemium) and expected to pay for any service above the minimum.

All in all,hospitality is pay as you go.

Download xlsx
7 0
3 years ago
In a few sentences, explain how a credit score affects creditworthiness and the cost of credit.
Anastasy [175]
A credit score is the number that is assigned to the lenders that measure how well they are able to pay a debt. Credit scores are affected by how the previous loans were paid as well the amount of the loan. Late payments, short term loans, and small loans will result to a low credit score.
3 0
3 years ago
Managing diversity isA. Recognizing the characteristics common to specific groups of employeesB. Dealing with employees as indiv
Dafna11 [192]

Answer:

The answer is (D) all of the above.

Explanation:

Managing diversity is a workplace practice where companies focus their efforts in establishing a working environment where people with various demographic characteristics can thrive and perform to their fullest potential according to their work responsibilities. This means employers, more specifically, the human resources department, need to pay attention to the individuals’ background in order to create a work environment that is fair to each individual.  

7 0
3 years ago
"You save $3,260.00 in a savings account earning a 3.55% APR compounded monthly. How much is the total interest earned by the en
sammy [17]

Answer:

$ 29.018 ( approx )

Explanation:

The amount formula in compound interest,

A=P(1+r)^t

Where,

P = principal amount,

r = rate per period,

t = number of periods,

Here, P = $ 3260.00,

Since, the amount is compounded monthly,

So, the number of periods in 3 months, t = 3,

Also, annual rate = 3.55 % = 0.0355,

So, the rate per month, r = \frac{0.0355}{12}  (∵ 1 year = 12 months)

Thus, the amount after 3 months,

A=3260(1+\frac{0.0355}{12})^3=3289.01817638\approx 3289.018

Hence, the total interest earned,

I = A - P =3289.018 - 3260 = $ 29.018

3 0
3 years ago
Why does an oligopoly only work if there are high barriers to entry in a market?
erastovalidia [21]
An oligopoly is the limitation of competition. If you can keep competitors out of the marketplace, you have more of a chance to make a profit. If you are in a business with a very high capital outlay or you have an extremely well trained labor force that your competitors can't match then you have effectively created or have created for you a very high barrier. Hence an oligopoly.
4 0
3 years ago
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