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3 years ago

In what ways do people cope with the problem of scarcity (5 sentence)

Business

1 answer:

lianna [129]3 years ago

7 0

There are three ways to cope up with the problem of scarcity:

a. Economic growth.

b. Improvement of use of available resources.

c. Reduction of wants.

Explanation: Economic growth mean the ability if an economy to produces products and services. Using the products wisely can improve the usage and helps in saving the resources. Society can improve the use their existing or available resources in order to reduce the scarcity by: Efficiency in productivity, efficient allocation of resources, full employment with minimum wastage and equity.

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ABC opened for business on January 1, 2018, and paid for two insurance policies effective that date. The liability policy was $5

Whitepunk [10]

Answer:

The balance in ABC's Prepaid insurance-account as on Dec 31, 2018 is <em>$27,000</em>

Explanation:

Liability policy = ($54,000 / 18) × 6 months

Liability policy = $18,000

Crop damage policy = ($18,000 x 12 / 24)

Crop damage policy = $9,000

ABC's Prepaid insurance-account balance as on Dec 31, 2018 = $27,000

Thus,

Total Liability insurance period = 18

Now,

Expired period period - 12 months ( Jan 1, 2016 to Dec 31, 2016 )

Unexpired period = (18 - 12) months = 6 months

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3 years ago

Which Marriott Luxury brand is MOST LIKELY to provide the timeless glamour of its heritage in pristine locations while offering

Korvikt [17]

Answer:

Bvlgari Hotel

Explanation:

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3 years ago

What should you do 10 to 15 minutes before a webinar begins?

goblinko [34]

Go to the bathroom, get a glass of water and review you topics.

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3 years ago

Depreciation--Jerry Company purchased machinery for $315,000 on May 1,2020 . It is estimated that it will have an useful life of

Gemiola [76]

Answer:

The depreciation for the first year is $75,000

Explanation:

In working hours method the depreciation on a fixed asset is charged using the ratio of numbers of hours utilized by the asset in a period and lifetime working capacity in hours.

First, we need to calculate the Depreciable value

Depreciable value = Cost of Asset - Salvage value = $315,000 - $15,000 = $300,000

Depreciation = Depreciable value x Numbers of hours worked / Total working capacity of Asset = $300,000 x 25,000 / 100,000 = $75,000

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3 years ago

What were the main reasons grange decided to leave school in order to start his own team?

aleksandr82 [10.1K]

One of the main reason is He <span>Knocked out in one of the games during high school. Grange remained unconscious for two days after the blow and started to experience difficulity in speaking. This make his career became really blurry and none of the team want to sign him. In the end, he had to make his own team.</span>

3 0

4 years ago

In what ways do people cope with the problem of scarcity (5 sentence)​

In what ways do people cope with the problem of scarcity (5 sentence)