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dlinn [17]
3 years ago
13

Economists are concerned with an individual's wants because 1. wants always lead to shortages in the economy. 2. needs because e

conomists define needs to be the goods people need to survive. 3. wants because the existence of wants leads to scarcity. 4. needs because needs are most important to an individual's well being.
Business
1 answer:
trasher [3.6K]3 years ago
4 0

Economists are concerned with an individual's wants because wants because the existence of wants leads to scarcity.

<u>Explanation:</u>

Wants are the wishes of the human beings. It is the desire that is to be achieved by human beings. Every individual wants something in life for the survival. The wants of human beings has led to the technology advancements and discovery of many new things.

Wants are never ending things in human life. When something is achieved and there arises another want to be achieved again. This is to live better and this betterment will be never ending one, hence, economists view wants of individuals to lead to scarcity.

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The macroeconomic theory holding that business cycles are caused by changes in aggregate demand and that such cycles can and sho
ch4aika [34]

Answer:

Keynesian Theory

Explanation:

The Keynesian economic theory focuses on aggregate demand. Economic growth is achieved by fostering aggregate demand through fiscal (increasing government spending) and monetary (expansionary) policies.

The economy has two sides, aggregate demand and aggregate supply. If suppliers believe that consumers will demand larger quantities, they will produce more. But if suppliers do not believe that they will be able to sell the goods and services they produce, they will reduce supply and halt investment.

Therefore, if aggregate demand is strong, producers will increase output because they know they can sell more, and that promotes economic growth without necessarily increasing inflation. Keynesian economics considers both suppliers and consumers expectations and how they affect economic growth.

3 0
3 years ago
For the month of november, whetzel corporation. predicts total cash collections to be $1 million. also for november, whetzel cor
aivan3 [116]
The projected cash disbursements for Whetzel Corporation for November is $1,090,000. This is calculated as follows: the beginning cash balance of $50,000 will be increased for the November cash collections of $1,000,000 and the cash borrowed of $70,000 (a cash inflow). This amount of total cash inflows would then be reduced by the total disbursements to get to the ending balance of $30,000. By subtracting the $30,000 ending balance from the above number we will get the total disbursements. See below:  
$50,000+$1,000,000+$70,000=$1,120,000
 $1,120,000-$30,000=$1,090,000 
 Check:
 $50,000+$1,000,000+$70,000-$1,090,000=$30,000 (agrees to ending balance)
4 0
4 years ago
Blossom Company purchased machinery with a list price of $88000. They were given a 10% discount by the manufacturer. They paid $
frez [133]

Answer:

$5,450

Explanation:

Data provided in the question:

List price of the machinery = $88,000

Discount offered = 10%

Amount of discount = 10% of $88,000

= 0.1 × $88,000

= $8,800

Shipping paid = $400

Sales tax = $4,900

Useful life = 10 years

Residual value = $30,000

Now,

Total cost of the machine = List price - Discount + Shipping + sales tax

= $88,000 - $8,800 + $400 + $4,900

= $84,500

Annual depreciation using straight line method is given as:

= \frac{\textup{Total cost - Residual value}}{\textup{Useful life}}

= \frac{\textup{84,500 -30,000 }}{\textup{10}}

= $5,450

8 0
3 years ago
Which abbreviation correctly replaces the underlined word? this year the family reunion will be in november in cleveland.
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The answer is:  [A]:  " Nov. "
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Normally it's C, good day
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3 years ago
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