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Minchanka [31]
3 years ago
11

People have unlimited desires but limited resources. Economics tries to understand how we make decisions in such a world of ____

__ resources.
Business
1 answer:
Afina-wow [57]3 years ago
8 0

Answer:

Scarcity, is the right answer.

Explanation:

Scarcity is the answer because economics refers to decision making when there is scarcity. Since we know that human wants are unlimited but the resources are limited. Thus, the scarcity of resources gives birth to the problem of choice. Basically, economics studies the social human behavior in relation to resource allocation. Therefore, economics is all about that is generated to understand the allocation or decisions in the case of scarce resources.

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Smart lites is a company that manufactures lighting products for industrial businesses. the managers at smart lites want to incr
nexus9112 [7]

The correct answer in the space provided is the total quality management. The total quality management is where it is responsible for causing an improvement in regards of improving the ability of an organization or group in a way of delivering their services or products to their consumers.

5 0
3 years ago
Torrey Co. manufactures equipment that is sold or leased. On December 31, 2021, Torrey leased equipment to Dalton for a five-yea
topjm [15]

Answer:

$850,000

Explanation:

The computation of Amount of income should Torrey realize from the lease transaction is shown below:-

Amount of income should Torrey realize from the lease transaction = Sale price - Cost

= $3,850,000 - $3,000,000

= $850,000

Therefore for computing the amount of income should Torrey realize from the lease transaction we simply deduct the cost from sales price.

5 0
3 years ago
Piere Imports uses the perpetual system in accounting for merchandise inventory and had the following transactionsduring the mon
frozen [14]

Answer:

<u>If records invoices at gross amounts</u>

October 2th

inventory    3,000 debit

    A/P                    3,000 credit

October 2nd

A/P              500 debit

      inventory           500 credit

October 17th

inventory       5,400 debit

      A/P                    5,400 credit

October 26th

A/P                5,400 debit

           Inventory          108 credit

           cash               5,292 credit

October 31th

A/P             2,500 debit

      Cash                 2,500 credit

<u>If records invoices at nets amounts</u>

October 2th

inventory    2,940 debit

    A/P                    2,940 credit

October 2nd

A/P              490 debit

      inventory           490 credit

October 17th

inventory       5,292 debit

      A/P                    5,292 credit

October 26th

A/P                5,292 debit

           cash               5,292 credit

October 31th

A/P             2,490 debit

Inventory         10 debit

      Cash                 2,500 credit

Explanation:

gross amount: we use the invoice nominal

net amount: we use the net nominal

October 2nd net:

3,000 x (1-2%) = 2,940

returns net: 500 x ( 1 - 2%) = 490

October 16th invoice net:

5,400 x ( 1 - 2%) = 5,292

october 31th

october 2th invoice balance:

2,940 - 490 = 2,450

8 0
4 years ago
If a country has a working-age population of 200 million, 135 million people with jobs, 10 million people who were looking for a
spayn [35]

Answer:

The labor force is 140 million.

Explanation:

The working-age population refers to the portion of the population that is of the working age. It does not include children and old people.

People who have a job or business are considered employed.

The workers who do not have a job and are actively looking for one are considered unemployed.

Those workers who do not have a job and are not actively looking for one are called discouraged workers.

Working-age population = 200 million

Number of people employed = 135 million

Number of discouraged workers = 10 million

Number of people unemployed = 5 million

Labor force = Number of people employed + Number of people unemployed

Labor force = 135 million + 5 million

Labor force = 140 million

6 0
3 years ago
Tracking a website you visit and compiling information could be an example of _____.
ololo11 [35]

Answer:

ISP

Explanation:

Internet Service Providers (ISPs) can see everything you do online. They can track things like which websites you visit, how long you spend on them, the content you watch, the device you're using, and your geographic location.

7 0
3 years ago
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