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mamaluj [8]
3 years ago
13

The problem of scarcity:

Business
1 answer:
natali 33 [55]3 years ago
8 0

Answer:

The correct answer is option b.

Explanation:

The problem of scarcity of resources is the basic problem in the study of economics. This problem exists because the resources are limited and have alternative uses. These resources are used to satisfy unlimited wants and needs.

So we need to determine the efficient allocation of these scarce resources such that we are able to get maximum satisfaction or utility from them.

Because of this scarcity problem, every economic decision involves some trade-off.

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On February 20, services valued at $60,000 relating to the organization of a corporation were performed in exchange for 1,000 sh
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Answer:

Explanation:

The journal entry is shown below:

On February 20

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3 years ago
Which of the following statements about the relationship between interest rates and bond prices is true? I) There is an inverse
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Explanation:

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Also, long term bonds are more affected by interest rate changes then short term bonds. This is because, as they have a longer term till maturity, they will be even less attractive when interest rates rise.

7 0
3 years ago
Home depot, a large home improvement retailer, used research to learn that 25 percent of the time when customers bought a drill,
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Explanation:

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Therefore, for an organizational development plan to be well-founded, it must take into account the use of technology and technological updates.

<em>I hope this information can help you.</em>

6 0
4 years ago
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