Answer:
A) we often do not have sufficient resources to achieve our objectives
Explanation:
Scarcity is an economic problem that comes with scarce resources and unlimited wants. In this situation people have to decide on how to allocate resources better so as to satisfy their need, which involves opportunity cost.
Scarcity occurs when resources needs to satisfy ends are limited in supply. It is a foundational problem in economics.
Answer:
The correct answer is letter "D": An increase in the number of consumers in the market for tablet devices.
Explanation:
Several factors can make the quantity demanded of a product increase. Mainly, <em>when the price of that good or service decreases the quantity demanded increases</em> (demand theory). However, there are some other factors such as the increase of the same product consumers in the market, who will directly ask for the good or service.
Answer: When economists say that the demand for labor is a derived demand, they mean that it is: related to the demand for the product or service labor is producing.
Explanation:
Answer:
Performance Appraisal
Explanation:
Performance appraisals (not leadership) is used to aid in decision making about training, raises, and promotions, because they identify gaps between desired performance and actual performance. Mostly, these gaps are knowledge gaps that require to be closed through staff training.
In the case where staff performance appraisal reveals that there are no gaps between desired and actual performance, management could give a salary raise; and when it reveals that staff performance exceeds expectation of management, they could be promoted
<span>If a country has a trade surplus, we can conclude that it also has a net capital outflow.
</span><span>A trade surplus is an economic measure of a positive balance of trade, where a country's exports exceed its imports.</span>