1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kaheart [24]
3 years ago
15

Which statement about wants and needs is TRUE?

Business
1 answer:
valentina_108 [34]3 years ago
8 0

Answer:

The correct answer is letter "D": Wants and needs are what can lead to vastly different budgets among different people.

Explanation:

Needs represent what individuals cannot survive without. Wants are desires individuals have but are not necessary for their existence. People project their budgets based on their income and the needs and wants they would like to satisfy. <em>Thus, different people will have different budgets</em>. Most of the income is dedicated to needs usually but one single want can take a considerable percentage of an individual's income -buying a new high-end cell phone, for instance.

You might be interested in
Much of our communication is nonverbal, which accounts for at least: select one:
Gwar [14]
The answer is D. 45 to 55%
4 0
3 years ago
Mr. Romeri's actions in deceiving Ms. Conley were legal and ethical.
galina1969 [7]
Mr. Romeri's actions in deceiving Ms. Conley were legal and ethical --- this statement is FALSE. Deception is never legal nor ethical. Especially in this case where a man deceived a woman for his personal gain. This may be acquitted in some courts but normally this is not acceptable. 
4 0
3 years ago
When the price of erasers increases from $1.50 to $2.50, the quantity demanded of pencils is unchanged. The cross-price elastici
xeze [42]

Answer:

Perfectly Inelastic

Explanation:

Demand can be defined as the total quantity of a commodity which a consumer is willing and able to buy at a particular time and price.

There are several types of elasticity of demand a perfectly elastic demand is one that quantity remains the same regardless of a change in price

3 0
3 years ago
When the economy is operating at point C, the Federal Reserve may decrease the discount rate to
brilliants [131]

Answer:

D ; increase growth

Explanation:

The discount rate is one of the tools that the Federal Reserve uses to direct monetary policy.  Banks are subject to minimum reserves requirements. If a bank falls below this minimum, it can borrow from the banks with a surplus,  or borrow from the federal reserve. If it borrows from the Fed, the interest rate that applies is the discount rate. The discount rate is always higher than the fed fund rate; hence, banks use it as a last resort.

The discount rate and the fed rate have similar effects on the economy.  The Fed uses the discount rate to regulate the money supply in the country. When the growth in slow, the fed will reduce the discount rate.  A low discount rate means the cost of borrowing money goes down. The impact is that individuals and businesses will afford to borrow money for consumption and investment.

Increased levels of investments and consumption will mean a higher GDP, which is growth.

7 0
3 years ago
Do all rational consumers think alike why or why not
jeka57 [31]
Being rational does not necessarily mean that you have to think what others might be thinking for rationality means you consider what is most beneficial and try to balance it out with the negative effects of a specific actions. The benefits and detriments of a certain act might be varied in each person. 
4 0
3 years ago
Other questions:
  • Which of the following is true? AChecks and Debit Cards both withdraw money directly from a bank account. BDebit Cards often hav
    13·1 answer
  • Succulent Juice Company manufactures and sells premium tomato juice by the gallon. Succulent just finished its first year of ope
    5·1 answer
  • Most suppliers of travel products pay travel agencies____percent commission on any sales they make.
    7·1 answer
  • If the interest is compounded semiannually, look up on the chart half the rate and twice the years. If the interest is compounde
    9·1 answer
  • If your credit reports show different scores, what should you do?
    5·1 answer
  • What is pure competition?a. A theoretical market structure with very large numbers and identical products.b. A theoretical marke
    8·2 answers
  • What is the typical relationship between time and interest rate
    11·1 answer
  • Indicate the effect on the accounting equation and on the debit-credit analysis. Aug. 1 Opens an office as a financial advisor,
    8·1 answer
  • Suppose that the most popular car dealer in your area sells 10 percent of all vehicles. Instructions: Enter your answers as whol
    6·1 answer
  • All of these careers may require you be good with numbers.<br> A. <br> True<br> B. <br> False
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!