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BigorU [14]
3 years ago
8

What is the basic economic problem that makes choices necessary ?

Business
1 answer:
Vesna [10]3 years ago
6 0

The answer to your question is - Scarcity.

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Market competition is described as a:
podryga [215]

Answer:

Survival of the fittest

Explanation:

Survival of the fittest, term made famous in the fifth edition (published in 1869) of On the Origin of Species by British naturalist Charles Darwin, which suggested that organisms best adjusted to their environment are the most successful in surviving and reproducing. Darwin borrowed the term from English sociologist and philosopher Herbert Spencer, who first used it in his 1864 book Principles of Biology. (Spencer came up with the phrase only after reading Darwin’s work.)

3 0
3 years ago
Read 2 more answers
Stoltenberg Co. had the following information for the month of June: Work in process beginning inventory, June 12,300units Units
solniwko [45]

Answer:

the number of units started and completed in June is 24,900 units

Explanation:

The computation of the number of units started and completed in June is shown below;

= Opening work in process inventory + transferred units - ending work in process units

= 12,300 units + 16,900 units - 4,300 units

= 24,900 units

hence, the  number of units started and completed in June is 24,900 units

4 0
3 years ago
A bond that is callable has a chance of being retired earlier than its stated term to maturity. Therefore, if the yield curve is
wlad13 [49]

Answer: false

Explanation: investors of callable bond are compensated with attractive interest, It benefit the issuer. Callable bond are also called redeemable bond, it is a bond that is redeemed or paid off by the issuer prior to date the bond mature.

It is a false statement, that if the yield curve is upward sloping, an outstanding callable bond should have lower yield to maturity than noncallable bond.

7 0
3 years ago
The following statements provide some analysis of policy regarding the global financial crisis of the late 2000s. Categorize eac
alexandr402 [8]

Answer:

Positive statement

Positive statement

normative statement

normative statement

Explanation:

Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.  

For example, the statement - the lack of effective regulation contributed to a risk-seeking culture in the financial services industry- can be test empirically

Normative economics is based value judgements, opinions and perspectives. For example, the statement - Central banks should have imposed tighter regulations on banks to prevent the financial crisis- is based on opinion. Everyone would have an opinion on what the Central bank should have done

5 0
3 years ago
A business anticipates future operating revenue of $200 million, future operating costs of $150 million, and sunk costs of $60 m
Art [367]
Depends on the upcoming predicted sales when compared to the cost to run the buisness
7 0
3 years ago
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