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MrRa [10]
3 years ago
8

What are the 3 basic economic questions all societies must answer?a. who gets to produce goods, who gets to consume them, and wh

o collects the profits?b. why, when, and how goods and services should goods be produced?c. where should goods be produced, who sells them, and who should get the profits?d. what, how, and for whom should goods and services be produced?
Business
1 answer:
Hitman42 [59]3 years ago
8 0

Answer:

b. why, when, and how goods and services should goods be produced?

Explanation:

The three fundamental questions of economics are solving the basic problems faced by economic agents. What to produce? How to produce? Who to produce for?

These questions are pertinent because resources are scarce, but human needs are unlimited. Therefore, one has to choose the best combination of resources to make a production that meets human needs. The timing of production will depend on the perception of needs (demand), so that as man evolves, new demands emerge to improve people's quality of life.

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Which of the following would be considered the highest risk portfolio? AA portfolio made up of 20% savings accounts, 50% mutual
Vlad [161]

Answer

C. A portfolio made up of 60% stocks, 30% mutual funds and 10% Treasury bonds.

Explanation

In this option, the investment is more than 50% for  the money placed in stocks and the prices for stock keep on fluctuating on daily basis. This is a highly risky investment though investments in stock can give a good return. To safeguard the amounts that were saved, a person has to avoid putting more investments on stock.


7 0
4 years ago
Read 2 more answers
Why is real GDP a more accurate measure of an economy's production than nominal GDP? Real GDP does not include the value of inte
klasskru [66]

Answer: Option (b) is correct.

Explanation:

Real GDP is totally based on the base year price level. This means that base year price level remains the same over all the periods. Therefore, Real GDP is generally not affected by the changes occur in the price level. Hence, it only includes the changes in output.

Nominal GDP takes into account the effect of changes in the price level. Therefore, it is affected by the changes in the price level and it is also measured in current U.S dollars. Hence, it doesn't show the true value of the goods and services produced in a given year.

4 0
4 years ago
What is the controlling account for the accounts payable ledger?
Kruka [31]

Contains the account of each vendor that make credit sales to the company

5 0
3 years ago
Bramble Corp. reported the following information for 2016: October November December Budgeted sales $1250000 $1150000 $1450000 A
Stolb23 [73]

Answer:

b. $1200000

Explanation:

Calculation for How much cash will Bramble receive in November

Using this formula

Cash receive in November = October Budgeted sales + Budgeted sales of November

Let plug in the formula

Cash receive in November= ($1,250,000 × 50%) + $1,150,000 × 50%)

Cash receive in November= $625,000 + $575,000

Cash receive in November= $1,200,000

Therefore the amount that Bramble receive in November will be $1,200,000

3 0
3 years ago
What do you understand from the term, ‘monopoly’. Give an example of a government-created monopoly. Is creating this monopoly ne
hodyreva [135]

Answer:

A monopoly is a company that can control the market. For example the government could put a hight import tax on shoes so no one would ship shoes into the countryman this means that the only shoe brand in the country can adjust there prices of their shoes and people would still buy them because there is no other shoe brand. This shows that they have control over the market (Or sitting at at monopoly position)

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3 years ago
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