Answer:
The correct answer is: the problem of scarcity.
Explanation:
Scarcity is the basic economic problem that arises because individuals have unlimited wants but posses limited resources. To maximize the level of satisfaction, individuals trade-off some goods or services to acquire others and keep a balance between them.
Answer: C: The cost of rice at a market rises by 20 percent over three years.
Explanation:
inflation is a measure of the rate of rising prices of goods and services in an economy.
Answer:
using this information can result in time and cost savings
Explanation:
Answer:
$2,297.50
Explanation:
The annual lease value for Brent's Toyota Prius is $9,750. Since he uses the car approximately 20% of the time for personal use, then Brent's share of the annual lease is = $9,750 x 20% = $1,950
This 20% of personal use represents 6,950 miles (= 34,750 miles x 20%), if the company charges him five cents per mile, then Brent is receiving $347.50 (= 6,950 x $.05
) for personal fuel use.
Brent's total taxable benefit = $1,950 + $347.50 = $2,297.50
You can buy at a low price for a stock and sell it for a higher price.
