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Artemon [7]
3 years ago
8

A basic concept in economics is that all resources are?

Business
2 answers:
shtirl [24]3 years ago
7 0
All resources are limited, that is the basic concept in economics. Economics is the study of human efforts to satisfy unlimited wants with limited resources. There are three basic economic questions. What to produce? How to produce? For whom to produce? 
alexgriva [62]3 years ago
5 0

Answering the question, a basic concept in economics is that all resources are scare

Scarcity is an economic problem and it is in between resources and unlimited wants. The problem of limited resources and unlimited wants is a basic economic problem that requires people to be careful when allocating their resources.  

<h2>Further Explanation</h2>

Scarce resources mean the available resources cannot be enough to go round and therefore should be distributed properly, in other words, these scares resources should be efficiently allocated so that basic needs can be taken care of. Any resources that cannot be provided without cost will certainly be scarce to some level; free resources can also be scares if the need arises to acquire them at a certain cost.

However, resources are limited in 2 ways and these include:

  • Limited in use, for example, machine and labor which only serve one purpose at a time
  • Limited in physical quantity, For example, the physical quantity of land is limited. There is a shortage of land as a result of desertification of the Sahara, which has resulted in a shortage of fertile land for farming.

Also, scarcity fall into 3 major categories, these include:

  1. Demand induced
  2. Supply induced
  3. Structural

Therefore, a basic concept in economics is that all resources are scare

LEARN MORE:

  • A basic concept and economics is that all resources are  brainly.com/question/2734962
  • A basic concept in economics is that all resources are?  brainly.com/question/12612755

KEYWORDS:

  • scarcity
  • economics
  • basic concept
  • limited resources
  • land
  • demand induced
  • structural induced
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antiseptic1488 [7]

In-group collectivism simply means how much pride and loyalty individuals have for their family or organization.

<h3>What is In-group collectivism?</h3>

In-group collectivism means the degree to which individuals are able to express pride, and cohesiveness in their families or organizations.

Countries with high institutional collectivism have individuals that identify with their families or organizations and obligations determine behaviors.

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2 years ago
You think this intensive production schedule will deplete the nutrients in the soil, which ensure good wheat. Does this matter i
katovenus [111]
Yes, it matters very much. The crops that will plant on our farmlands ought to be rotated in such a way that the soil fertility will be maximized. If the nutrients in the soil are depleted, the soil will become infertile and the yields that a farmer will get from his planting will be drastically low. Thus, it is important to protect soil nutrients at all time during planting operation.
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3 years ago
Read 2 more answers
In addition to a control condition, a functional analysis typically consists of what test conditions?
Blizzard [7]

Answer:

The correct option is c. Alone.

Explanation:

Note: This question is not complete as it omitted the options. The complete question with the options is therefore provided before answering the question as follows:

In addition to a control condition, a functional analysis typically consists of what test conditions?  

a. Contingent attention

b. Contingent escape

c. Alone

d. All of these

The explanation of the answer is now provided as follows:

Functional analysis is a type of psychological formulation that is used to figure out how human behavior works. Functional analysis is a method of assisting in comprehending the reason a person acts the way he does.

In functional analysis, there are four conditions: three test conditions (social positive (attention), social negative (escape), and alone, as well as a control condition (play).

Therefore, the correct option is c. Alone.

3 0
3 years ago
Lincoln Corporation used the following data to evaluate their current operating system. The company sells items for $ 12 each an
bezimeni [28]

Answer:

The static budget variance of​ revenues is 36000 Unfavorable

Explanation:

Lincoln Corporation

Static Budget Variances

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                                  Units sold         Units sold                Variance

                               42,000 units          39,000 units

Sales Price               $ 12                        $ 12

Revenues               504000                 468000              36000 Unfavorable

Variable costs         $ 168,000            $ 158,000           10,000 Unfavorable

Fixed costs           $ 46, 000               $ 48,000              2000 Favorable

The Static Budget Variance is calculated by subtracting the budgeted amounts from the actual amounts.

In a static budget the actual amounts are not changed for different activity levels. Instead the actual is compared with the budgeted so that exact variance is obtained for an organization.

7 0
3 years ago
_____ skills refer to the ability to grasp a big-picture view of the overall organization and the relationship between its vario
choli [55]

Answer:

Conceptual skills

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Conceptual skills are the skills or the abilities which allow an individual or a person to understand the complex problems or situations in order to develop the successful as well as creative solutions.

So, Conceptual skills refer to the ability for understanding the view of the overall firm and the relationship among its various parts. And also helps in understanding how the company fits into the wider competitive environment.

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