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3 years ago

Economics is the study of how people try to satisfy unlimited wants and needs with limited resources.

Business

2 answers:

Viefleur [7K]3 years ago

5 0

Answer:

Economics is the social science that studies how people use scarce resources to satisfy unlimited needs and wants.

so yes the answer is true

Explanation:

(つ◕౪◕)つ━☆ﾟ.*･｡ﾟ

☆*。★ﾟ*♪ヾ(☆ゝз・)ノ

dusya [7]3 years ago

3 0

Answer: The correct answer is : True

Explanation: Economics focuses on the study of how people use limited resources to meet unlimited needs and desires. Economic decisions are made by people who compete for profits that are based on offers and demands. The economy studies how to manage available resources.

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Assume that a consumer purchases only two products. Suppose that the consumer's money income doubles, and the prices of the two

Vitek1552 [10]

Answer:

Explanation:

A) A shift of the budget line inward to the left

B) A shift of the budget line outward to the right

C) No change in the budget line

D) An increase in the slope of the budget line

5 0

3 years ago

Which of the following statements concerning the reduction of Social Security benefits is (are) correct?

tatiyna

Answer:

b) 2 only

Explanation:

The Social Security Act set up the Old Age and Survivors Insurance Trust Fund (OASI), from which retired individuals receive their payments. These benefits are subject to taxes, and can be withheld if a debt is incurred or an over-payment occurs.

5 0

3 years ago

Organizations in the United States such as the National Association for the Advancement of Colored People (NAACP) and the Nation

insens350 [35]

Answer: B. classification is a political issue—these groups fear that their political clout will decline if their numbers go down

Explanation:

These organisations fear that their numbers will go down because should a multiracial category be added, they will have less people classified as the races their organisation caters for. More numbers in an organisation means greater power and influence and we've seen this when large trade unions hold entire companies hostage simply because they have the numbers.

A great example would be the Ikwere people of Southern Nigeria. They share a common ancestry with the Igbos of Eastern Nigeria and generally have very similar customs. Even the language is similar and they had always been considered Igbo until after the Civil War in Nigeria broke out with the Igbos being the main rebels. With the Civil war concluded, the Federal Government officially recognized the Ikwere as an ethic group independent of the Igbo. The Ikwere occupied crude oil rich areas and this recognition therefore robbed the Igbo of valuable lands and political clout.

Whilst not strictly the same as these organisations losing people to the multiracial category, it shows what can happen to an organisation should their numbers decrease

6 0

3 years ago

Marsha Mellow’s weekly gross earnings for the week ended May 23 were $1,250, and her federal income tax withholding was $201.65.

Nataliya [291]

Answer:

$954.60

Explanation:

Gross Pay: Gross income for an individual, also known as gross pay, is the individual's total pay from his employer before taxes or other deductions.

Net Pay: Gross income for an individual, also known as gross pay, is the individual's total pay from his employer after taxes or other deductions.

Particulars Amount Amount

Gross Pay $1,250

Withholding deduction:

Income tax ($201.65)

Social Security (1,250*0.06 = $75)

Medicare tax (1,250*0.015 = $18.75)

Net pay $954.60

8 0

3 years ago

The amounts of the assets and liabilities of Journey Travel Agency at December 31, 2018, the end of the year, and its revenue an

Alexus [3.1K]

Answer:

Income statement

Fee earned $383,500

Expenses:

Miscellaneous expense $14,500

Rent expense $22,500

Supplies expense $11,300

Utilities expense $16,700

Wages expense $170,000 $235,000

Net income $148,500

Statement of retained earnings

Retained earnings, beginning $1,341,000

Net income $148,500

Less: Dividend paid $75,000

Retained earnings, ending $1,414,500

Balance sheet

Assets

Cash $190,500

Accounts receivable $236,500

Supplies $7,000

Land $1,500,000

Total assets $1,934,000

Liabilities

Accounts payable $69,500

Stockholders' equity

Common stock $450,000

Retained earnings $1,414,500

Total stockholders' equity $1,864,500

Total liabilities and stockholders' equity $1,934,000

3 0

2 years ago