The basic economic problem is that of scarcity and choice. This is because people have infinite wants in the face of limited resources, therefore decisions have to be made. The basic economic problem ensures that every society has to decide what to produce, how best to produce it, and for whom to produce it.
Answer:
I think the answer is E. The employment rate is 100%
Explanation:
Answer:
The correct answer is: False positive.
Explanation:
In statistics, a False positive outcome refers to the scenario when ac action is carried out expecting a negative result but eventually the action works. The term is widely used in medicine in cases, for instance, when women have positive results on pregnancy tests but they are not expecting a baby.
Answer:
C. Fixed Factory Overhead Per Unit
Explanation:
Variable costing and marginal costing income statements mainly differ because of treatment of fixed factory overhead.
Inventory costs under variable costing include only direct material, director labor and variable factory overhead.
Whereas in absorption costing, fixed factory overhead also become part of product cost in addition to direct material, direct labor and variable factory overhead.