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mr Goodwill [35]
3 years ago
15

What is scarcity, as a term used in economics? What is an every day example of scarcity that demonstrates why scarcity is a basi

c economic problem that faces every society.
Business
1 answer:
kirill115 [55]3 years ago
5 0

Answer:

Scarcity refers to the basic economic problem, the gap between limited – that is, scarce – resources and theoretically limitless wants. ... Any resource that has a non-zero cost to consume is scarce to some degree, but what matters in practice is relative scarcity

Scarcity dictates that economic decisions must be made regularly in order to manage the availability of resources to meet human needs. Some examples of scarcity include: The gasoline shortage in the 1970's. ... Coal is used to create energy; the limited amount of this resource that can be mined is an example of scarcity.

Explanation:

HOPE it helps

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Which characteristic gives the term preference shareholder its distinct name?
wolverine [178]

Answer: dividends

Explanation:

Dividends are not liability of the firm. The preferred dividends are differed. The dividends and preferred dividends must be paid to the individual stakeholders so that equal share share can reach out to the individual owner before the common shareholders can receive any monetary gain. Dividends are the taxes that are not included in the business expenses but it is included as corporate tax. The dividends by the shareholders are included with the tax.

6 0
3 years ago
A proposed project has fixed costs of $47,000 per year. The operating cash flow at 11,000 units is $69,000. a. Ignoring the effe
Mademuasel [1]

Answer: 1.68

Explanation:

From the question, we are informed that a proposed project has fixed costs of $47,000 per year and that the operating cash flow at 11,000 units is $69,000.

Ignoring the effect of taxes, the degree of operating leverage will be:

= 1 + ($47,000/$69,000)

= 1 + 0.68

= 1.68

4 0
3 years ago
Many demographers predict that the United States will have zero population growth in the twenty-first century, in contrast to av
ANTONII [103]

Answer and Explanation:

Different things being constant, a slowdown in population growth will lead to an increase in the availability of capital per worker and output per worker.

At the steady state, output per worker will grow at the rate of g while. Thus, steady state per person output growth will be same, however total output will increase at the rate n+g.

In case of transition between steady states, during the transition phase, output per worker will grow at a rate greater than g. Overtime in the long run with a fall in population growth, total output will fall while output per worker will increase.

6 0
3 years ago
The Red Wolf Society, a nongovernmental not-for-profit organization, receives numerous contributed hours from volunteers during
Allushta [10]

Answer:

$1,600

Explanation:

Revenue is recognized as and when the <em>control</em> of a good or service is transferred to the customer.

Total Hours = 10 hours × 8 weeks

                    = 80 hours

Use the <em>rate of pay at the utility office</em> to determine the contribution revenue for Red Wolf Society

Revenue = 80 hours × $20 per hour

               = $1,600

4 0
3 years ago
I have question with it can you help me please??​
Simora [160]

Answer:

Pick-up Later:

Set a pickup date

Process the transaction

Place all the items in the pickup area near the front of the store

Place a note on the items indicating they are sold.

Explanation:

The purpose of the above procedure is to enable the customer to take delivery of purchased goods hitch-free.  The pick-up area needs to be covered against rain so that the mulch and topsoil do not degrade.  It is assumed that the customer's contact information and payment have been secured before the arrangement for pick-up later.

5 0
3 years ago
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