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Firlakuza [10]
3 years ago
5

Why scarcity and choice are basic economic problems faced by every Society??

Business
1 answer:
Ksju [112]3 years ago
3 0
The basic economic problem is that of scarcity and choice. This is because people have infinite wants in the face of limited resources, therefore decisions have to be made. The basic economic problem ensures that every society has to decide what to produce, how best to produce it, and for whom to produce it.
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What is being discussed in the unit
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Give 3 Examples of Product/Service
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Unemployment insurance makes workers _____ likely to negotiate for job security when searching for a job and _____ likely to hav
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Unemployment insurance makes workers less likely to negotiate for job security when searching for a job and more likely to have a long job search.

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7 0
3 years ago
g which is debt-free and finances only with equity from retained earnings. You were given the following information: rRF = 3.50%
Pachacha [2.7K]

Answer: 7.46%

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Rc = 0.0350 + 0.88(0.045)

= 0.0746

The firm's cost of equity from retained earnings based on the CAPM is therefore 7.46%

3 0
3 years ago
The diagram shows the three-step process by which economic policy is created.
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3 years ago
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