Answer:
B. the study of how limited resources are allocated to satisfy unlimited wants
Explanation:
According to Professor Lord Robbins, Economics is social science which studies human behavior in relation to ends and scarce means. Economics is the study of how humans allocate limited resources to satisfy unlimited wants.
Human wants are unlimited whereas the resources available to satisfy those wants are limited and as such a scale of preference would be drawn to determine what wants are to be satisfied first.
Therefore, the right option is B. the study of how limited resources are allocated to satisfy unlimited wants.
Answer:
$181,300
Explanation:
Net cash flow provided or used by operating activities is the net income plus depreciation since depreciation is not cash expense,plus the decrease in accounts receivable minus the increase in merchandise inventory plus the increase in accounts payable.
cash from operating activities=$149,000+$37,500+$11,900-$23,000+$5,900=$181,300
The cash flow provided by operating activities is $181,300
The increase in accounts payable was added because it represented cash saved by not paying accounts payable
A lot of issues affect an economy. when government borrowing to finance the economy, an increase in the deficit will lead to high increase in interest .
- Higher interest rates will tend to limit or “crowd out” a lot of private investment, and this in turn will limit growth.
<h3>How will the financing of government spending influence national savings?</h3>
Due to an increase in government expenditures, the government finances will have to try and get additional spending via borrowing.
This then will bring about reduction in public savings. When private savings are unaffected, the effect of a reduction in public savings will tend to lower the total levels of national savings.
Learn more about government spending from
brainly.com/question/25125137
Answer:
1. harnessing the benefits of competition.
2. reducing trade barriers
3. regulating markets.
Explanation:
harnessing the benefit of competition
The use of competition in a market will enable consumers get the best possible prices, quantity, and quality of goods and services. competition in a market will also boost innovation allowing each firm producing similar goods to improve the quality of their products so as to gain more market share.
Reducing trade barriers
When trade barriers such as quota, embargo, tariffs are reduced in the market, it becomes easier for firms to compete with a other firms. Reduction of trade barriers will encourage more firms to enter a market that previously had a single supplier of a commodity .
Regulating market
A regulated market is a kind of market where government control the force of demand and supply like determining who is allowed to enter the market and determine what price to be charge. Markets that are natural monopolies are usually regulated to avoid exploitation of consumers
