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Dvinal [7]
3 years ago
14

The fundamental economic problem is meeting people’s virtually unlimited needs and wants with limited resources.Question 3 optio

ns:True False
Business
1 answer:
Solnce55 [7]3 years ago
7 0

Answer:

The correct answer is: True.

Explanation:

The basic or fundamental problem in economics is people have unlimited wants and needs and the resources are limited. These limited resources have alternative uses and are used to satisfy unlimited wants and needs.

These resources are to be used rationally in such a way that total utility or consumption derived is maximized.

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bought 2,000 shares of Print Company stock for $12,780. She sold the stock for $7 per share and paid a sales commission of $26.
Svetach [21]

Answer:

$1,194

Explanation:

The buying price of the shares was  $12,780

The selling price was $7 dollars for each.

The total amount realized is 2000 share  x $ 7

=$14,000

The commission paid is $26

Net amount obtained is $14,000 -$26

=$13,974

Profit will be $13,974 -$12,780

=$1,194

6 0
3 years ago
_____ is the degree to which a company relies on a provider because of the importance of the provider's product to the company a
ra1l [238]

Answer:

Supplier dependence

Explanation:

When an entity finds itself in a situation where it has to rely on a particular supplier or provider of service for its business operations, either as a result of not being able to get an alternative supplier or the importance of the suppliers product to the entity, such is called supplier dependence.

It is very risky for an entity to depend on a particular source for input. This reverse order of an entity depending on the supplier for business strategy instead of the supplier depending on the entity is not a good business practice.

It’s easy for our own strategy to be determined by what our suppliers are doing. If we become too dependent, we risk having our strategy set by our suppliers rather than having them support our strategy. I’ve been thinking a lot here recently about how much suppliers can direct you  

3 0
2 years ago
In terms of commonly traded organizational currencies, sharing tasks that increase someone's skills and abilities and letting ot
saveliy_v [14]

Answer:

Personal

Explanation:

Personal related currencies refers to the currencies that deals with the insipitration and the morality, vision, strength. It basically shows the needs of the person nd the value that actually what person could do

Since in the question it is mentioned that the if the tasks are shared that rise the skills and ablities of the person than this would represent the personal related currencies and hence the same is to be considered

3 0
3 years ago
g Brandon and Jane Forte file a joint tax return and decide to itemize their deductions. The Fortes' income for the year consist
murzikaleks [220]

Answer:

$1,500

Explanation:

Investment interest expenses = Interest Income + Non qualifying dividends

Investment interest expenses = $500 + $1,000

Investment interest expenses = $1,500  

$1,500 < $2,500 (Investment interest expenses)

The long term capital gains are not considered in investment income because this income is taxed at a preferential rate.  Hence, the Investment interest expenses deduction for the year is $1,500.

8 0
3 years ago
If producers moved the price from P3 to p1 A) producers would encounter a shortage. B) buyers would likely purchase fewer widget
andrew-mc [135]

Answer: D) buyers would scramble to get all available widgets.

Explanation:

The law of demand states that more quantity is demanded at a lower price, therefore if producers move prices from P3 to P1  there would be an increase in quantity of widgets demanded. Buyers would scramble to get all available widgets wich will create a shortage in the market

7 0
3 years ago
Read 2 more answers
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