Answer:
D) a society's wants exceeding its scarce resources.
Explanation:
All resources are scarce, starting with time, money, materials, everything. Even the richest person or corporation in the world, has a limited amount of money (it may be huge, but it is still limited). There is not enough to satisfy the needs of society, not enough food, money, cars, clothes, phones, TVs, space, etc.
There are some things that seem to be unlimited though, and those are our needs, wants and desires. One of humankind's greatest defects is that there is no balance (or enough) in our lives, we always want more and more. That is why we are killing our own world and justify it by saying that our lives are getting better.
Answer and Explanation:
journal entry amount amount
cash A/c (500,000*$10) DR $5,000,000
common stock A/c (500,000*$1) $500,000
additional paid in excess of value A/c $4,500,000
(500,000*$9)
Answer:
Do it youselfe. You probley know that answer , Knowone should give you answers, People can help but they should nerver give you answers, God has giving you a brain to use so please use it?
Explanation:
Answer:
Jane's total cost is $60,000.
Explanation:
This is because of the phenomenon called Opportunity Cost.
Simply put, opportunity cost is the cost of the next best alternative use of resources when a choice is made at the detriment of another.
We can also define it by saying, Opportunity Cost is the forgone alternative.
So we know she spent $50,000 to start her business, but would have made 10% of $100,000 which is $10,000 which is the opportunity cost, she has incurred a total cost of $60,000.
Answer: $360 billion
Explanation:
In a private closed economy, there will be two components missing which are Government spending and Net exports.
There will be no Government spending because the economy is private and there will be no net exports because the economy is closed.
GDP will therefore be:
= Consumption + Investment
If Investment is $12 billion then the equilibrium level of GDP will be the GDP which when Consumption is deducted, the investment amount of $12 billion will be the result.
That GDP level is $360 billion.
When the consumption amount of $348 billion is subtracted from the GDP, you get $12 billion for investment.
