a. at a price of zero, there will not be enough to satisfy everyone's desire for it.
A good or service is said to be scarce when at a price of zero, there will not be enough to satisfy everyone's desire for it. Scarcity is one of the pillars of economy as basically it says that we do desire certain goods because they are scarce, otherwise we are not interested in those goos as much as when they are scarce.
Answer:
Return on Investment
The statement that is true is:
b) If a company has $2,000,000 invested in buildings, equipment, and other assets and desires to earn a return on investment of 30%, the company will need to earn a net income of $600,000 (30% of $2,000,000).
Explanation:
The company's Return on Investment is a financial performance measure that calculates the efficiency of the use of investment resources by dividing the returns generated by an investment by the cost of the investment during a period of time. It can be used to evaluate a divisional manager's performance based on the returns generated from the investments made in the division.
Answer:
(B) Just-in-time inventory system
Explanation:
*Just-in-time inventory system" is a system used to cut costs such as holding or storage costs and it improves efficiency and reduces wastage as some products may be damaged during storage.
This system involves quick delivery of the required quantity of goods to stores right when they are needed and just before they go out of stock. It helps to eliminate the cost of storage that would result if goods are purchased in large quantities.
Answer:
B. S and I drop by $0.60 trillion.
Explanation:
We know that
Y = C + I + G
$12 trillion = $8 trillion + I + $2 trillion
$12 trillion = $10 trillion + I
So, I = $12 trillion - $10 trillion
= $2 trillion
As the government purchases increase from $2 trillion to $2.60 trillion
and the rest of the things remain the same.
So New I = $12 trillion - $8 trillion - $2.60 trillion
= $1.4 trillion
So, the difference would be equals to
= $2 trillion - $1.4 trillion
= $0.6 trillion
The $0.6 trillion reflect fall in the investment
And the saving and the investment are equal to each other
Hence, the B option is the right answer
Answer:
The characteristics of a mixed economy include allowing supply and demand to determine fair prices, the protection of private property, innovation being promoted, standards of employment, the limitation of government in business yet allowing the government to provide overall welfare, and market facilitation by the self-interest of the players involved.
