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LenaWriter [7]
3 years ago
12

What is the great economic problem

Business
1 answer:
Helen [10]3 years ago
7 0

Answer:

Explanation:

hey there.here is your answer

The great economic problem is how to arrange our limited resources to satisfy as many of our wants as possible. Resources are not equally valuable in all uses, so we must choose where to allocate our resources in order to get the most value out of those resources

Hope you like it

pls  mark it the brainliest

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Consider two spices, cumin and paprika, to be substitutes, a decrease in the supply of paprika, should cause an increase in the
makvit [3.9K]

Answer:

an increase in the price of both

Explanation:

A decrease in the supply of paprika would cause an increase in the price of both substitute goods. When the supply of paprika falls, the demand will be greater than what is available for sale and this would cause the sellers to raise it's price afterall it is now scarce.

Also as a substitute good, more people would begin to switch to buying cummin which would raise the demand for cummin. This increase in demand for cummin would then cause the price of cummin to go up.

3 0
3 years ago
Megan's salary for three consecutive years, along with other values, are presented in the table below.Year
garik1379 [7]

Answer:

242.65

Explanation:

Data provided in the question:

year                                       2011          2012          2013

Salary                                 $65,000   $72,000    $76,000

Consumer Price Index          226           230            235

Real Interest Rate                 2.5%          2.7%           1.8%

Nominal interest rate for 2013 = 7.3%

Now,

Rate of inflation for 2013 = Nominal rate - Real rate

= 7.3% - 1.8%

= 5.5%

Therefore,

CPI in 2013 = Consumer Price Index in 2012 × (1 + inflation )

= 230 × ( 1 + 0.055 )

= 242.65

3 0
3 years ago
After visiting several automobile dealerships, Richard selects the used car he wants. He likes its $11,500 price, but financing
aksik [14]

Explanation:

I = Prt

I = (10000)(.11)(4) = $4400

Total Cost = Down Payment + Principal Borrowed + Interest

Total Cost = 2000 + 8000 + 4400

= $14,400

Monthly Payment = (Principal Borrowed + Total interest) / Total number of payments

Monthly Payment = (10,000 + 4400) / 48

= $300

APR= (2 × n × I) / [P × (N + 1)]

APR = (2 × 12 × 4400) / [10,000 × (48+1)]

= 21.55%

3 0
3 years ago
What’s the answer????
ICE Princess25 [194]

Opportunity cost is the value of your second choice, or whatever you give up to get something

Taylor gives up either the video games or the funny videos. So you can choose either one

7 0
3 years ago
When creating your résumé, you should _____. a. tailor it to the needs of the employer b. use industry and job related terms c.
Alja [10]

The principle to follow for forming a marketable resume stands D. all of the above.

<h3>What is a resume?</h3>

A resume exists as a formal document that a job application forms to itemize their capabilities for a position. A resume is usually accompanied by a customized cover letter in which the applicant represents an interest in a characteristic job or company and draws attention to the most relevant specifics on the resume.

A resume exists as a CV (Curriculum Vitae) or a document produced and operated by an individual seeking employment or an appointment to present their:

  • Background
  • Skills
  • Accomplishments.

To play a successful resume, one should:

  • Tailor it to the requirements of the employer.
  • Usage industry and job-related terms.
  • Compare it to the job description.

The principle to follow for forming a marketable resume stands D. all of the above.

To learn more about resume refer to:

brainly.com/question/12923976

#SPJ4

3 0
2 years ago
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