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inna [77]
3 years ago
6

Within economics, the theory of scarcity says that there are unlimited wants and a finite amount of resources. However, history

has demonstrated the power of productivity to overcome the theory of scarcity. What is the economic practice responsible for overcoming scarcity?
Business
1 answer:
nika2105 [10]3 years ago
8 0

Answer:

According to the economists, the resources are scarce and human wants are unlimited. So, it is difficult to satisfy each and every want of people. But according to the theory of abundance, we can overcome from this problem by division and specialization of labor. If there is a proper division of labor according to their specialization then this will increase the productivity and one can produce more goods with the same level of resources.

From this economic practice, we can overcome from the problem of scarce resources.

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According to a summary of the payroll of Scotland Company, total salaries were $500,000. Assume that social security taxes are p
OleMash [197]

Answer:

The journal entry to record accrued salaries would include a credit to salaries payable of $364500.

Explanation:

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Therefore, The journal entry to record accrued salaries would include a credit to salaries payable of $364500.

5 0
3 years ago
If you're a manufacturer, and you want to showcase your product in a store that has a narrow but deep selection of merchandise a
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Answer:

b. a specialty store.

Explanation:

A specialty store. -

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Hence , from the question , the correct term according to the given information of the question is a specialty store .

8 0
3 years ago
Dolphus raymond tells scout, “you haven’t even seen this town, but all you gotta do is step back inside the courthouse.” how wil
Luden [163]
This is a quote taken from To Kill a Mocking Bird. Dolphus wanted Scout to understand the situation by looking stepping back and be able to see a better picture of the town. Scout was still young and immature to know about the situation.
6 0
3 years ago
Suppose that due to a fear that the United States is about to enter a long period of stagnant growth, stock prices fall by 50% o
densk [106]

Answer:

spending would increase

Explanation:

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If stock prices are expected to fall, individuals would be less willing to save their income and would prefer to spend their income instead.

As a result, spending would increase

6 0
2 years ago
How much taxes you pay on a 100k salary in new york state?
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