All categories

3 years ago

3. Why are many resources allocated through markets?

Business

1 answer:

inysia [295]3 years ago

6 0

Answer:

d. Because resources are so abundant price can help us choose amongst them.

Explanation:

Different markets would value the same item at different prices, and buyers can compare prices to buy the desired item at its lowest cost (in order to save money)

You might be interested in

When a product is a ______, the more ______ its demand.

Dominik [7]

Answer:

oil

Explanation:

5 0

3 years ago

Read 2 more answers

In accumulating raw materials costs, the cost of raw materials purchased in a perpetual system is

Viktor [21]

Answer:

B. raw materials inventory

Explanation:

A perpetual inventory system is a system in accounting records to ensures that the number of goods in a store or in storage facility is accurately and immediately reflected by the books

4 0

3 years ago

A business pays weekly salaries of $30,000 on Friday for a five-day week ending on that day. The adjusting entry necessary at th

algol [13]

Answer:

debit Salaries and Wages Expense, $24,000; credit Salaries and Wages Payable, $24,000.

Explanation:

The journal entry is shown below:

Salaries and Wages Expense A/c Dr $24,000

To Salaries and Wages Payable $24,000

(Being salary and wages is adjusted)

The computation is shown below:

Five day salary = $30,000

Per day salary = $30,000 ÷ 5 days = $6,000

Now Monday to Thursday salary i.e 4 days salary = $6,000 × 4 days = $24,000

3 0

4 years ago

GDP is adjusted for inflation bias computed in different years using a common set of fixed base-period prices.

icang [17]

Answer:

True.

Explanation:

The nominal GDP is the estimation of all the last products and enterprises that an economy created during a given year. It is arrived by utilizing the costs that are at present in the year in which the yield is delivered. In financial matters, an ostensible worth is communicated in money-related terms. For instance, a notable quality can change because of movements in amount and cost.

The real GDP is the all-out estimation of the entirety of the last products and ventures that an economy produces during a given year, representing inflation.

6 0

4 years ago

Which fact supports the idea that renting is a good option for living in a place for a short period of time?

Nostrana [21]

Answer:

Which fact supports the idea that renting is a good option for living in a place for a short period of time?

The idea about renting is a good option as far is for a short period of time which enables one to increase savings which would lead to accumulation of more savings before getting ones permanent residence.

Explanation:

6 0

4 years ago