Answer:
Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people
hope this helps
Explanation:
Answer:
1. an amount after continuing operations.
Explanation:
In preparing the income statement the transactions resulting into gain or loss from the discontinued operations are always reported in income statement.
For this there is special heading that is
Amount after continuing operations
This basically reflects the gain or loss from the sale of such segment.
This provides for reporting all the transactions as part of business but in an highlighted manner.
Answer:
d) competitors are similar to monopolists.
Explanation:
Monopolistic competition refers to a condition of the market in which it connects with various irms that are closely linked to each other but sell distinct products.
Also, there is free entry and exit in this market
In case when consumer taste and preferences are different so the monopolistic competitors are the same as the monopolist
hence, the correct option is d.
Answer: Analogy
Explanation:
The method of forecasting that this example illustrate is analogy. Forecast by analogy refers to the forecasting method which simply assumes that two different kinds of situations have identical models and therefore share the same model of behaviour.
This can be infered from the situations that once the per capita GDP is known for the country, the per capita demand for the toys can be estimated.
