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Ksju [112]
3 years ago
5

Scarcity can be eliminated if

Business
1 answer:
bogdanovich [222]3 years ago
6 0

Answer:

The scarcity is the key problem that the economics are trying to find an answer to and try to mitigate by making the resources more productive.

The scarcity arises because of 2 main factors,

  1. The human wants are Unlimited
  2. The resources available to satisfy these wants are Limited

In theory, if we need to "eliminate" scarcity complete we should either Limit our Needs or find an Unlimited source of resources we require.

However, these are not practical solutions.

So because of this, economics try to utilize technology and other factors to harness the full potential of resources and to use them optimally.

Explanation:

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A ____ is drawn on a financial institution and is payable upon demand?
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Answer: check

Explanation:

A <em>check</em> is drawn on a financial institution and is payable upon demand.

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What is the principle of the law of supply?
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B. The higher the price, the larger the quantity produced.

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4 years ago
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This year, Mesa Inc.’s before-tax income was $11,252,000. It paid $529,000 income tax to Minnesota and $451,000 income tax to Il
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Answer:

Before-tax income                                                                   $ 11,252,000

Less: Deduction for state income tax(529000+451000)   $      980,000

Taxable Income                                                                   $   10,272,500

Tax rate                                                                                                        21%

Federal income tax                                                           $   2,157,225.00

Mesa’s combined tax rate

= ([$980,000 state tax + $2,157,225 federal tax] ÷ $11252000) 27.88%

Explanation:

6 0
3 years ago
Rodney Halpern works in the marketing department of a major manufacturing firm. Much of his job involves managing the movement o
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Letter D is correct. <u>Supply chain management.</u>

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It can be said that Rodney's professional responsibilities focus on supply chain management.  The entire logistical process of a product or service, ranging from its manufacture to its delivery to the final consumer can be defined as a supply chain.

Rodney's job is to ensure that the flow of all stages that make up the production process, such as raw materials, work in progress, finished products, and information are managed correctly so that there is an effective supply chain, which ensure delivery of products and services to the right place at the right time.

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