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kicyunya [14]
3 years ago
7

What is the meaning of the X​- and Y​-intercepts? A. These points demonstrate an inefficient use of resources. B. These points s

how the preferred amount of goods X and Y that a society will produce. C. These are the limits of production if all resources are used to produce only one good. D. These are the limits of production if all resources are used to produce both goods. Suppose the economy produced at a point inside the PPF. Why would an economy produce at this​ point? A. Inefficient production at full employment. B. Lack of the best possible technology. C. Unemployment or underemployment. D. All of the above. Suppose you succeeded in lifting your economy to a point on its PPF. What point would you​ choose? How might your small society decide the point at which it wanted to​ be? A. This depends on the value the society places on necessities and luxuries. B. The society will choose a combination that includes more luxuries than necessities. C. The society will choose a combination that includes the same amount of necessities and luxuries. D. A and C only.
Business
1 answer:
Nikitich [7]3 years ago
4 0

Answer:

  • What is the meaning of the X​- and Y​-intercepts?

C) These are the limits of production if all resources are used to produce only one good.

When the production possibilities frontier (PPF) intersects the X or Y axis, it shows the maximum output level if all the resources are used to produce only one good.

  • Why would an economy produce at this​ point?

D) All of the above.

When an economy is producing at either intersection point (X or Y), it is usually not because of extreme specialization but rather due to failures or negative factors that prevent the production of the other good. Employment failures that lead to an ineffective allocation of labor or capital deficiencies which result in an ineffective allocation of capital resources (including technology).

  • Suppose you succeeded in lifting your economy to a point on its PPF. What point would you​ choose? How might your small society decide the point at which it wanted to​ be?

A) This depends on the value the society places on necessities and luxuries.

The theory behind the PPF not only applies to economies, it also applies to consumers and the consumption possibilities frontier (CPF). Consumers decide what products to buy depending on how they want to satisfy their needs, either by purchasing products that satisfy basic necessities or purchasing luxury products.  

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Carlos does a good job of keeping track of his understanding of the material he is reading, and if he gets confused, he always r
padilas [110]

Answer:

Comprehension monitoring

Explanation:

This example suggests that Carlos has good Comprehension monitoring skills

4 0
2 years ago
At the beginning of 2014, Sabrina Company had the following normal ledger balances: Accounts Receivable: $24,000 Allowance for U
zimovet [89]

Answer:

$10,300

Explanation:

Accounts receivable, beginning = $24,000

Credit sales = $450,000

Cash collections from customers = $460,000

Accounts receivables written off = $3,700

Accounts receivables, ending = Accounts receivable, beginning + Credit sales - Cash collections from customers - Accounts receivables written off

Accounts receivables, ending = $24,000 + $450,000 - $460,000 - $3,700

Accounts receivables, ending = $10,300

So, at the end of the year, the balance in the Accounts receivable is $10,300.

7 0
3 years ago
Q: What determines the balance of production and consumption?
ANTONII [103]
Resources is referred to as the available asset that can be used for further purposes may it be for business or consumption. This is what determines the balance between the production and consumption for without these, production would not be possible and if nothing is produced, nothing would also be consumed. Resources come in different forms and each has its own availability. Answer for this would be C.
6 0
3 years ago
The system that compares actual results to a budget so that significant deviations can be flagged and investigated further is ca
horrorfan [7]

The system that compares actual results to a budget so that significant

deviations can be flagged and investigated further is called management by

exception

Management by exception is the type that helps the managers to focus on

the most important variances while ignoring unimportant changes between

the budget and actual results.

This is commonly used in budgets preparation to ensure that the important

factors which may affect project completion are taken into consideration to

prevent shortages.

Read more on brainly.com/question/25408603

4 0
2 years ago
The ________ is the difference between merchandise imports and exports and a measure of a country's international trade in goods
Levart [38]

Answer:

balance of trade

Explanation:

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

Basically, trade can be categorized into two (2) main groups and these are;

I. Import: this involves bringing in goods from a foreign country to sell in a different (domestic) country.

II. Export: it involves the sales of goods produced in a domestic country to a foreign country.

In Economics, a balance of trade is a measure of the difference between merchandise imports and exports, as well as a country's international trade in goods. Thus, it's a measure of the difference between the monetary value of the import and export of goods of a country over a specific period of time.

3 0
3 years ago
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