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
Sholpan [36]
2 years ago
10

Immediately after an ice storm brought down power lines throughout the region, hardware stores were sold out of batteries and fl

ashlights. However, within a couple of days, special deliveries brought in extra batteries and flashlights, and everyone who wanted to buy a flashlight or batteries was able to do so. Which of the following principles of economic interaction best describes this scenario? a. When markets do not achieve efficiency, government intervention can improve overall welfare. b. All costs are opportunity costs. c. There are gains from trade. d. Markets allocate goods effectively.
Business
1 answer:
Lisa [10]2 years ago
7 0

Answer:

D) Markets allocate goods effectively.

Explanation:

The two main principles of capitalism are that individuals are rational and act according to their best self interest, and markets will allocate goods and service more efficiently than governments.

In this case, the stores ran out of batteries and flashlights due to a sudden increase in the demand, but since the stores make a profit by selling batteries and flashlights, they immediately replenished their stocks and were able to satisfy all the customers' needs.

If the stores would have needed government permission for replenishing their inventories, they would have never done it so fast and so efficiently.

You might be interested in
Grizzly Company had Retained Earnings at December 31, 2018 of $300,000. During 2019, the company had revenucs of $600,000 and ex
scZoUnD [109]

Answer:

b. $358,500

Explanation:

Given;

Retained Earnings at December 31, 2018 = $300,000

In 2019,

Revenue = $600,000

Expenses = $525,000

Declared and paid dividends = $16,500

Retained earnings on the balance sheet as of December 31, 2019

= $300,000 + $600,000 - $525,000 - $16,500

= $358,500

The right option is b. $358,500

3 0
3 years ago
One of the three basic questions: concerned with the distribution of goods and services
Harman [31]
How to transport the goods ie by truck, plane or train for example for goods like vegetables and fruits from California to Canada and for services like consulting services it could be if they are available and at what cost.
4 0
3 years ago
Which of the following journal entries will record the payment of a $675 accounts payable originally incurred for Office Supplie
sweet-ann [11.9K]

Answer:

C. Debit Office Supplies; credit Cash

Explanation:

The journal entry is shown below:

Accounts Payable A/c Dr $675

             To Cash A/c $675

(Being the payment of an account payable is recorded)

For recording this transaction, we debited the account payable account and credited the cash account as cash is paid so it reduces the cash account for $675 so that the correct posting could be done

8 0
3 years ago
Use each of these key terms to best complete the following sentences. Use each term no more than once. Agreeableness
Lilit [14]

Answer:

4

1

3

2

Explanation:

The big 5 personality traits include

Openness - it includes people who are open to new things and enjoy learning new things.

Ted is high on this trait

Extraversion - it includes people who enjoy meeting new people and are very sociable.

Betty is high on this trait  

Conscientiousness - includes people that are organised and pay attention to details. Aiden is low on this trait

Agreeableness - includes people that trust people easily and are kind

Neuroticism - includes people that are usually moody or sad

3 0
2 years ago
Arbor Corporation had reported the following amounts at December 31, 2014: Sales revenue $184,000: ending inventory $11,600: beg
Rudiy27

Answer:

The cost of goods available for sale is $74100.

Explanation:

The cost of goods available for sale is the total cost of the inventory that a business has available during a period of time for sale. The cost of goods available for sale is calculated by adding the beginning inventory with the cost of goods purchased.

The cost of goods purchased during the year = 60400 - 3000 - 1100 + 600 = $56900

The cost of goods available for sale = Beginning inventory + cost of goods purchased

The cost of goods available for sale =  17200 + 56900 = $74100

5 0
3 years ago
Other questions:
  • Why would countries want to create protectionist trade policies?
    11·1 answer
  • Based on the description of Elm City​ Market's selection method for new​ employees, its best recruiting source would likely be​
    8·1 answer
  • Virginia's parents gave her money to put in her cafeteria account at the beginning of the school year. the function f (s) = 60 –
    14·2 answers
  • Link Company uses a process cost system and the weighted average method. During the year the company completed 1,300 units of pr
    15·1 answer
  • The manager at the Overton Hotel in Lubbock believes that the success of the Texas Tech Red Raider Basketball team has an impact
    5·1 answer
  • What is my level of education if I just finished 10th grade?
    7·2 answers
  • On November 1, Jasper Company loaned another company $270,000 at a 8.0% interest rate. The note receivable plus interest will no
    13·1 answer
  • McCoppin Industries has three employees: Dean, Annie and Kent. Dean works entirely in State A and was paid a salary of $130,000
    13·1 answer
  • 4. Which of the following would most likely produce the best rate of return on your investment?
    15·2 answers
  • What is term for the ability to easily turn assets or investments into cash?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!