All categories

3 years ago

Explain the principle of scarcity and how it applies to people as well as countries

1 answer:

5 0

The basic economic problem that arises because people have unlimited wants but resources are limited. Because of scarcity, various economic decisions must be made to allocate resources efficiently. BREAKING DOWN 'Scarcity' When we talk of scarcity within an economic context, it refers to limited resources, not a lack of riches. These resources are the inputs of production: land, labor and capital. People must make choices between different items because the resources necessary to fulfill their wants are limited. These decisions are made by giving up (trading off) one want to satisfy another.

You might be interested in

6. The Spliced Barclays USAgg Float Adj Ix is the complete bond index against which this fund can be judged. What

romanna [79]

Answer:

Sector bets

Explanation:

Vanguard funds are not a true representation of indexes they are supposed to track because of the occurrence of sector bets.

Sector bet is when the fund manager for the Vanguard fund chooses to invest in parts of the fixed income universe. He feels this will yield good returns in the future.

So what makes up the fund portfolio is different from the index itself, and this causes different investment returns.

A way to make Vanguard funds more accurate is to tighten volume of different types of bonds that the manager can purchase. This will reduce deviation from index figures

6 0

3 years ago

Decide whether each of the following statements is true or false for each of three different types of market: perfect competitio

GuDViN [60]

Answer:

THE ANSWERS ARE BELOW:

Explanation:

a. Firms equate price and marginal cost

Perfect competition: TRUE

Monopoly: False

Monopoly competition: false

b. Firms equate marginal revenue and marginal cost.

Perfect competition: TRUE

Monopoly: TRUE

Monopoly competition: TRUE

c. Firms earn economic profits in the long run

Perfect competition: FALSE

Monopoly: TRUE

Monopoly competition: FALSE

d. Firms produce the quantity that minimizes long-run average cost.

Perfect competition: TRUE

Monopoly: FALSE

Monopoly competition: FALSE

e. New firms are free to enter this industry.

Perfect competition: TRUE

Monopoly: FALSE

Monopoly competition: TRUE

8 0

4 years ago

How is the market segmented? at what segment should crescent be targeting?

raketka [301]

Markets are segmented as <span>behavioral, demographic, geographic, and psychographic. The crescent should be targeting the geographic segment

Hope this helps :))</span>

6 0

4 years ago

Security M has expected return of 17% and standard deviation of 32%. Security S has expected return of 13% and standard deviatio

Murljashka [212]

Answer:

0.047424

Explanation:

Given that

Expected return of security M = 17%

Standard deviation of Security M = 32%

Expected return of security S = 13%

Standard deviation of security S = 19%

And, the correlation coefficient = 0.78

So, by considering the above information the co variance is

= Correlation coefficient × Standard deviation of Security M × Standard deviation of security S

= 0.78 × 0.32 × 0.19

= 0.047424

5 0

3 years ago

You design HR management and payroll software. At a recent networking event, you met the HR manger at a small local accounting f

ratelena [41]

I believe it is formal

7 0

3 years ago