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PtichkaEL [24]
3 years ago
13

What do economists mean by​ scarcity? A. Economists mean that trade is not possible. B. Economists mean that unlimited wants exc

eed limited resources. C. Economists mean that production is inefficient. D. Economists mean that the economy is unable to produce increasing quantities of goods and services. E. Economists mean that people are not employed.
Business
1 answer:
Stels [109]3 years ago
6 0

Answer: Option A

Explanation: Scarcity refers to the situation when there is limited availability of a commodity. This term is usually used for the natural resources like coal, drinking water etc.

In economics it refers to the situation when there is not limited quantity of resources available for fulfilling the market demand. Scarcity deals with the problem of limited resources in nature and unlimited wants of the population.  

Hence, from the above we can conclude that the correct option is A.

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3 years ago
On June​ 30, Coral, Inc. finished Job 750 with total job costs of $ 4 comma 500​, and transferred the costs to Finished Goods In
kherson [118]

Answer:

B. debit Cost of Goods Sold $ 4,500 and credit Finished Goods Inventory $ 4,500

Explanation:

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and credit the finished goods inventory as the amount of goods available for sale decreases.

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3 years ago
On December 31, 1991, Jet Co. received two $10,000 notes receivable from customers in exchange for services rendered. On both no
aleksklad [387]

Answer:

Hart Corp.'s note should be reported at $10,000

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Interest bearing notes that represent current accounts (due within one year) should be reported at face value. Hart Corp.'s note is due in nine months, so it should be reported at = $10,000

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3 0
3 years ago
According to anthony downs model, a rational party will adopt the policy position that is
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Closest to the view of the majority of voters.

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3 years ago
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3 years ago
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