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3 years ago

An economy is created by the interactions between which two groups of people? (Select the best answer.)

Business

2 answers:

Veronika [31]3 years ago

8 0

<span>An economy is created by the interactions between producers and consumers.</span>

marishachu [46]3 years ago

8 0

Answer: Producers and consumers

Explanation:

An economy is the term which refers to the system of the production, distribution, trade and the consumption different types of services and the product in the specific area.

Economy is basically created by the producers and the consumers interactions. In most of the economics, the money of the services the different types of products are paid by the consumers.

As, the consumer is the person that buys the services and the product to run its company and organization. The producer is the person who produces the different types of products and services.

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It is early in the year, and Keesha would like to start saving money for next year’s holiday presents. What type of account shou

tigry1 [53]

Keesha should open up a savings account if she is trying to save money for holiday gifts

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3 years ago

Mary signed up and paid $1,260 for a 6 month ceramics course on June 1st with Choplet Ceramics. As of August 1st, Choplet’s acco

Karo-lina-s [1.5K]

Answer:

$420 of revenue, $840 of deferred revenue

Explanation:

Data provided in the question

Paid amount = $1,260

Given months = 6 months

Number of months = 2 months

For two months, the revenue is

= Paid amount × number of months ÷ given months

= $1,260 × 2 months ÷ 6 months

= $420

Now the deferred revenue is

= Paid amount - revenue

= $1,260 - $420

= $840

Hence, the revenue is $420 and the deferred revenue is $840

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3 years ago

When a reduction in the price of a good allows a consumer to purchase more of all goods, this effect is called the a. elasticity

kogti [31]

Answer:

The correct answer is b. income effect.

Explanation:

The income effect describes how the change in the price of a good can change the quantity that consumers will demand of that good and related goods, based on how the price change affects their real income.

7 0

4 years ago

Read 2 more answers

Peyton's Palace has net income of $13.4 million on sales revenue of $114 million. Total assets were $80 million at the beginning

Romashka [77]

Answer:

Return on Assets = 159.52%

Profit Margin = 11.75%

Asset Turnover Ratio = 1.36 times

Explanation:

The computation of return on assets, profit margin, and asset turnover ratios is shown below:-

a. Return on assets

Average Total Assets = Assets in the beginning + Assets at the end ÷ 2

= ($80 million + $88 million) ÷ 2

= $168 ÷ 2

= $84 million

Return on Assets = Annual Net Income ÷ Average Total assets

= $13.4 million ÷ $84 million

= $159.52 million

b. Profit Margin

Profit Margin = Net Income ÷ Net Sales

= $13.4 million ÷ $114 million

= 11.75%

c. Assets turnover ratio

Average Total Assets = Assets in the beginning + Assets at the end ÷ 2

= ($80 million + $88 million) ÷ 2

= $168 ÷ 2

= $84 million

Asset Turnover Ratio = Net Sales ÷ Average Total assets

= $114 million ÷ $84 million

= 1.36 times

4 0

3 years ago

What are three common causes of scarcity??

musickatia [10]

Poor distribution of resources, when demand increases and supply cant keep up, and or government intervention.

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3 years ago