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mezya [45]
4 years ago
15

A ______ is the difference between a desired state and an actual state, while a _______ is the satisfaction of some need. questi

on 9 options:
Business
1 answer:
skelet666 [1.2K]4 years ago
4 0

The concept used here is related to <em>Abraham Maslow’s hierarchy of needs</em>, where he states that a person can only reach his need for self-actualization and transcendence if she or he has managed to fulfill his lower needs first, which ranges from physiological needs to self-esteem needs.

Thus, the answers to the question above are:

  • Need: <u>the difference between a desired state and an actual state </u>
  • Motive: <u>the satisfaction of some need </u>

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Classical economics is based on the principle that prices:a. remain constant even in the face of shocks that cause excessiveunem
telo118 [61]

Answer:

c. adjust in a natural way to bring the markets for goods and labor intoequilibrium

Explanation:

A classical economy operates under the logic of the competitive market in which the interaction between supply and demand determines price and quantity traded. Consumers are rational and their consumption choices will depend on their needs and price. The firm, in turn, will choose to produce when the price is attractive. Thus, price acts as a vector of supply and demand adjustments. In situations of increased demand, price and supply will increase. In situations of low demand, the price decreases and the supply also, until a equilibrium. The same reasoning goes for the job market. The wage will be the adjustment price between supply and demand for work.

6 0
3 years ago
Innovative entrepreneurs and their business firms that destroy existing business models are referred to as ________.A) crowdfund
Salsk061 [2.6K]

Answer: C) disruptors

Explanation:

Disruptors as the term implies, tend to disrupt the normal way of doing things by creating new and more efficient methods of production that will usurp the dominance of those are the top such that they eventually take over the industry.

In coming up with new ways of doing things, these disruptors are innovators and they are usually entrepreneurs who are not weighed down by the belief that the industry should work in a certain way and so they are more open to coming up with these new ideas that are so disruptive.

3 0
3 years ago
Recently, Verizon Wireless ran a pricing trial in order to estimate the elasticity of demand for its services. The manager selec
tatyana61 [14]

Answer:

C) Yes: The one-week measures show demand is elastic, so a price increase will reduce revenues.

Explanation:

The error that the Manager did was to under-estimate the principles of elasticity of demand that posits that increase in price is inversely proprtional to demand. Perhaps, she also overrated the quality of their services without given thoughts to the presence of competition and customers’ decisions in a competitive market.

The survey carried out was a proof of the fact that price increase had an inverse effect on the demand for the services, as was shown by the rate of decline in the number of customers who enrolled in Verizon's cellular plans especially in those states where they had the best of customers’ loyalty.  

7 0
3 years ago
Read 2 more answers
Balance Sheet The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earned $705,555 Offi
insens350 [35]

Answer:

<u>Assets  </u>                                                    Liabilities

Current Assets                                         Acount Payable       17,640

Cash                         222,485                 Equity

Account receivable    49,390                Common Stock       135,000

Supplies                 <u>       8,465  </u>              Retained Earnings <u> 353,700  </u>

Total Current Assets 280,340               Total Equity             488,700

Land                         <u>  226,000 </u>

Total Assets               506,340              Toal Liab+ SE          506,340

Explanation:

RE will be calculate using the accounting equation as is quicker than calculate net income and do the RE statement

Assets = Liab + Equity

Where: Equity = Common Stock + RE

506,340 = 17,640 + 135,000 + RE

RE = 506,340 - 17,640 - 135,000 = 353,700

3 0
3 years ago
Consider the exchange rate between Ethiopia and Canada. Typically exchange rates vary over time, sometimes quite dramatically. T
slava [35]

Answer: Please refer to Explanation

Explanation:

The magazine The Economist publishes an article indicating that analysts expect the value of Canadian dollars to rise relative to Ethiopian birr.

-The Ethiopian Birr will DEPRECIATE in relation to the Canadian Dollar because the article will lead to a rise in demand for Canadian dollars and a drop in Demand for the Birr.

The central bank in Ethiopia announces that it is going to raise interest rates on government bonds.

-Ethiopian Birr will APPRECIATE relative to the CAD as the demand for the Birr will increase due to the attractiveness of it's bonds.

Based on a World Bank report, the inflation rate in Ethiopia is going to be 0% next year, while the inflation rate in Canada is going to be 10%.

- The Birr will APPRECIATE relative to the CAD because goods will be more expensive in Canada. This causes the demand for the Birr to rise as it is the preferred currency.

The price of a specific basket of goods in Ethiopia is roughly 1.9 times higher than an identical basket of goods in Canada, even after adjusting for the exchange rate.

- The Birr will DEPRECIATE relative to the CAD as a higher basket price indicates that the price is higher in Ethiopia than in Canada which will reduce the demand for the Birr increase that of the CAD.

7 0
4 years ago
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