what is an everyday example of scarcity that demonstrates why scarcity is a basic economic problem that faces society?

1 answer:

7 0

of every day scarcity could it be how the desert doesn't really have water so the desert has a scarcity of water scarcity is a basic economic problem that Society faces because the world sometimes runs out of things that we need so certain people have to make loopholes to get to get around them another example is how during the coronavirus we had a scarcity of sanitizer Clorox wipes bleach and toilet paper

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Marsh, inc. paid for freight costs on merchandise it shipped to a customer. in what account will marsh record this cost in a per

Alexxandr [17]

The answer for this is freight-out
The entry to record the payment of freight costs for goods shipped to a customer requires a debit to Freight-out and a credit to cash. Freight-out is not part of the cost of inventory; it is a delivery expense and appears among the operating expenses on the income statement.
In contrast, freight-in is used to record the shipping costs associated with acquiring inventory (note: when using a perpetual inventory system, the shipping cost associated with acquiring inventory is debited to Inventory).

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3 years ago

U.S. Treasury deposits at the Federal Reserve Banks are:A. A liability of the Federal Reserve Banks and the U.S. TreasuryB. An a

Liula [17]

Answer:

D. An asset of the Federal Reserve Banks and a liability for the U.S. Treasury

Explanation:

For all demand deposits that banks receive, a percentage share must be deposited with Federal Reseve. This is called compulsory withdrawal and serves to ensure the solubility of the financial system.

For banks, this represents an asset as it is an amount they will have to receive when the Fed authorizes it. For the US Treasury, this represents a liability, which is a future payment obligation, as these amounts will be returned to banks in the future.

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3 years ago

Suppose a local McDonalds increases prices of hamburgers form $2 to $2.50. What will happen to the quantity of McDondalds hambur

Dmitry [639]

Answer: Decrease in the quantity demanded.

Explanation:

According to the law of demand, other things remains constant, if there is increase in the price of a commodity as a result the quantity demanded for that commodity decreases.

In this case, McDonalds increases the price of its hamburgers, so as a result the quantity demanded for the hamburgers decreases. This is due to the higher prices as it will be more expensive for the consumer to buy hamburgers at the prevailing prices.

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3 years ago

Tom, an experienced salesperson for road construction equipment, has been hired as the sales representative for Caterpillar Trac

ser-zykov [4K]

Answer:

The correct answer is A. To get an appointment for a second call.

Explanation:

Making an appointment with a client is not easy, it requires a method and many other attitudes. That is why it is difficult to find a good seller. As much as we are in 3.0 there are certain types of customers (b2b) whose access is the traditional 1.0.

Investigate who the decision maker is, call, make an appointment ... and visit it. The traditional techniques of generating momentum prospects cohabit with the current ones on the network. And here, friends sell digital crepes all a hundred, you have nothing to do. When the deal is face to face, requires listening skills, knowing how to be, synthesizing, pleasing, pressing and… closing. And that is not learned in a yellow airport book. It is learned by doing so and with a little method and resistance to frustration and a good organization.

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3 years ago

An analyst is considering an investment in Treetops Inc. and has gathered the following information. What is the expected return

lesantik [10]

Answer:

Expected Return =

Recession = ( 20/100)* 20% = 4%

Steady = (40/100)*10% = 4%

Boom = ( 40/100) * 35% = 14%

Expected Return =  22%

there is no answer in the option. The correct answer is 22%.

Explanation:

Expected return of share is the summation of probability multiply by the return expected in a situation of the economy.

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3 years ago