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
Art [367]
3 years ago
8

The study of how people choose to use scarce resources to satisfy their wants and needs​

Business
1 answer:
NeTakaya3 years ago
5 0

Answer:

Economics

Explanation:

Economics is the study of the activities that individuals and society undertake to satisfy their unlimited wants using scarce resources. Economics involves analysis of the production of goods and services, their distribution and consumption in a country. It involves the study of how individuals, firms, and the government allocates scarce resources to meet the need of society.

Economics is categorized in microeconomics and macroeconomics.  Microeconomics concentrates on the key economic indicators such as demand, supply, and income and how they affect an individual, firm, or product.  Macroeconomics studies the economic conditions in a country as a whole. It is concerned with issues such as inflation, Unemployment rate, and GDP

You might be interested in
How many government agencies does the united kingdom have to oversee the financial industry?
Leni [432]
I believe the answer is: one

The name of the government agency is Financial Service authority (FSA).
FSA would act as a <span>a quasi-judicial body that had the power to regulate the whole financial sector in united kingdom. Even though they are a part of government agencies, they do not work directly under any government official.</span>

6 0
3 years ago
Read 2 more answers
More and more schools are requiring students to wear uniforms. This means that more uniforms must be produced. Describe how the
timofeeve [1]

Answer:

The demand for uniforms Increase by shift to the right, it cause the price increase, therefore the supplies increase and move upward.

Explanation:

8 0
3 years ago
suppose that the value of an investment in the stock market has increased at an average compound rate of about 5% since 1912. it
Nat2105 [25]

The investments today’s worth is $203001.61.

We have to calculate the future value of the investments. So we can use the formula,

A=P (1+r/100)ⁿ

Where, A stands for future value, P stands for Present value, R stands for Interest rate, n stands for Time period.

Interest rate (r) = 5%= 0.05 and Time period is from 1912 to 2020 so, it is equals to 108 years. (2020-1912year)

On putting the values in the above formula we get,

A = 1000× (1+ 5/100)^108

=1000*203.001612

=$203001.61

The worth of a current asset at some point in the future based on an estimated rate of growth is known as future value (FV). The future value calculation enables investors to forecast, with varying degrees of accuracy, the amount of profit that can be generated by various investments.

Investors and financial planners use the future value to estimate how much an investment made today will be worth in the future. The future value equation is used to assess various possibilities since the growth produced by holding a given amount in cash will probably differ from that produced by investing that same amount in equities.

To learn more about future value, refer this link.

brainly.com/question/24703884

#SPJ4

5 0
2 years ago
Sam is an associate broker who wishes to purchase an investment property. What must Sam do when the property is not listed with
trapecia [35]

Answer:

A) disclose to the seller that he has a license and inform his broker of the transaction

Explanation:

Even though Sam is trying to purchase the property for himself, he must still inform the seller about his broker status. It probably wouldn't affect the sale in any way, but the obligation to disclose the information exists.

The same applies to Sam's broker, even though the transaction will not generate any commission, he still has to inform about it.

8 0
3 years ago
A policy that provides coverage for losses over an extended period of time up to a maximum benefit limit is known as a(an):
Tom [10]

Answer:

A policy that provides coverage for losses over an extended period of time up to a maximum benefit limit is known as Lifetime Limit Policy.

Explanation:

This policy is also know as Lifetime Maximum Benefit or Maximum Lifetime Benefit Policy where an insured individual will get paid the maximum amount of any health plan during his entire lifetime.

This policy has proved much beneficial for the people because they get a sign of relief without any kind of worry, if their medical treatment exceeds their allocated or allowed limit.

These policies particularly are limited only to the essential medical services,  but here it needs to be defined what does this essential services means. Because the services considered as essential by one person might not be of the same importance for another person.

4 0
4 years ago
Other questions:
  • Tee gave an informative speech on the poor quality of potable drinking water available locally. he brought in a test kit and pre
    7·1 answer
  • Do you think it is easier to increase or decrease government spending
    15·1 answer
  • 8th business day of this month
    6·1 answer
  • If Colombia spends 2 hours producing coffee and 6 hours producing oranges, and Cuba spends 3 hours producing coffee and 1 hour p
    15·1 answer
  • Patricia, the manager of Prime Health Club, was telling her new trainer that "I have many decisions to make in a day, and as the
    14·1 answer
  • Suppose autos cost consumers $30,000 and trucks cost consumers $15,000. What contribution does the production of 200 autos and 2
    8·1 answer
  • If Japan has a comparative advantage in the production of microchips,how would that affect their international trade?
    11·2 answers
  • Kasey Corp. has a bond outstanding with a coupon rate of 5.86 percent and semiannual payments. The bond has a yield to maturity
    10·1 answer
  • ___ are costs that don't show up as part of the market price for a product.
    11·2 answers
  • if you are interested in a career in the hospitality industry, it is important that you enjoy the following:
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!