1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alinara [238K]
3 years ago
15

A recurring theme in economics is that people:

Business
2 answers:
forsale [732]3 years ago
5 0

Answer:

The correct answer is letter "D": Have unlimited economic wants, but limited resources.

Explanation:

Scarcity <em>is the major economic problem by which individuals have unlimited wants but depend on limited resources to fulfill them</em>. That scenario pushes people to make trade-offs, meaning to sacrifice the satisfaction of part of a need so other desire can also be covered. Due to scarcity, individuals must find ways to allocate their resources efficiently.

Leni [432]3 years ago
3 0

Answer:

D. Have unlimited economic wants, but limited resources

Explanation:

Economics studies human behaviour in relation to ends and scarce means. Wants are unlimited but the resources to satisfy these wants are limited hence the resources are used to meet the unlimited wants in order of importance (scale of preference).

The wants forgone are known as the opportunity cost of the wants that are satisfied with the limited resources.

Hence a recurring theme in economics is that people have unlimited economic wants, but limited resources.

You might be interested in
The callable feature of a bond protects the issuer when market interest rates are falling.
Lelechka [254]

The answer isss "true"

4 0
3 years ago
What happens to the cost of foreign goods when the dollar is strong?
-Dominant- [34]
The cost of foreign goods rises briefly,then falls
4 0
3 years ago
Read 2 more answers
The partnership of X and Y shares profits and losses in the ratio of 60 percent to X and 40 percent to Y. For the year 20X8, par
kaheart [24]

Answer:

D. $ 600,000

Explanation:

if X's withdrawals = y

Net Income = 2y

X 's share of profit = 2y ×60%

                              = 1.2 y

X's Closing capital + X's withdrawals = Opening Capital + Share of Net income

$ 140000 + y = $ 80000 + 1.2y

1.2y - y = $ 140000 - $ 80000

           = $60000

0.20y = $ 60000

        y = $ 300000

Therefore,

Net Income = 2y

                    = 2×300000

                    = $ 600000

3 0
3 years ago
You want a new cell phone. Which of these sources would be the most dependable?
ahrayia [7]
I would say that b is the best answer
3 0
3 years ago
Read 2 more answers
There will be a lower equilibrium price and quantity if
denis23 [38]

Answer: demand decreases and supply stays the same

Explanation:

The equilibrium price refers to the price whereby the quantity of goods that's demanded and the quantity of goods that's supplied is equal.

On the other hand, the equilibrium quantity is gotten when the quantity of goods demanded and supplied are equal. This is gotten when the demand curve and the supply curve intersects.

It should be noted that there will be a lower equilibrium price and quantity if

In a situation whereby the demand increases and the supply remains the same, the equilibrium quantity and the equilibrium price will increase and vice versa.

8 0
3 years ago
Other questions:
  • On october 1, 2014, donald anderson exchanged an apartment building having an adjusted basis of $375,000 and subject to a mortga
    8·1 answer
  • Suppose an increase in the price of rubber coincides with an advance in the technology of tire production. As a result of these
    15·1 answer
  • Which of these contributes to a budget deficit?
    8·1 answer
  • Which of the following are the assumptions of locational cost-profit-volume analysis : (I) nonlinear variable costs. (II) fixed
    5·1 answer
  • Icarus Aviation, Athena Instrumentation, and Hercules Miniaturization are strategic business units of Olympia Industries. One ca
    7·1 answer
  • A company just starting business made the following purchases in August: August 1 300 units $1,560 August 12 400 units 2,340 Aug
    13·2 answers
  • Required Information
    6·1 answer
  • Stock in Daenerys Industries has a beta of 1.3. The market risk premium is 7 percent, and T-bills are currently yielding 4.5 per
    14·1 answer
  • While a loan must be repaid, factoring is the selling of _____ to a finance company who then assumes responsibility for collecti
    10·1 answer
  • Today, benefit and service offerings add nearly _________ to an organization payroll costs
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!