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4 years ago

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

Business

2 answers:

Viefleur [7K]4 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]4 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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I visited the pet store last week and found two kinds of pets for sale: rabbits for $5 and parakeets for $9. If I had $14 to spe

Elan Coil [88]

Answer:

$31

Explanation:

Starting from number 25, number 26 is a possibility, but then you get number 31 which is larger. Then the following numbers all show a possible combination:

25 0 5

27 3 0

28 2 2

29 1 4

30 0 6

31 - -

32 3 1

33 2 3

34 1 5

35 0 7

36 4 0

37 3 2

38 2 4

39 1 6

40 0 8

41 4 1

42 3 3

43 2 5

44 1 7

45 0 9

A pattern starts to show 35-39 ; 40-44 and so on.

5 0

3 years ago

Seth, Janice, and Lori each borrow 5,000 for five years at an annual nominal interest rate of 12%, compounded semi-annually. Set

Margaret [11]

Answer:

The total amount of interest paid on all three loans is 8,748.

Explanation:

Each person has borrowed 5,000 for the same period and with the same interest rate. However, the repayment is made differently by each person.

We calculate the interest paid by each person, and then sum up the three interest payments.

Seth pays = [5000 x (1 + 0.12/2)^10] - 5000 = 3,954

Janice pays = 5,000 X 0.06 x 10 = 3,000

Lori pays = [(5,000 x 10) / 7.36] - 5,000 = 1,794

Total interest payment = 3,954 + 3,000 + 1,794 = 8,748

3 0

3 years ago

Read 2 more answers

Government purchases are spending by the government on goods, services, and factors of production. Government expenditures repr

Law Incorporation [45]

Answer: A. there has been a major increase in the amount of transfer payments the government makes through programs such as Social Security and unemployment insurance.

Explanation:

Since the 1950s, the US government budget for Transfer Payments to Social Security Programs and Unemployment benefits has increased tremendously.

The main transfer payments are Disability and Pension/ Retirement payments and they have been on the rise since the 50s.

These Transfer Payments are both a show of Humanitarianism as well as a form of Economic Investment as they help stimulate the Economy during times or Economic Distress by pouring money into it.

A typical example would be the $1,200 that Congress voted to provide direct cash payments of which totaled around $250 billion in March this year to help Americans who were hit hard by the lockdowns that have crippled much of the American economy.

6 0

3 years ago

Wessner Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.20 Direct labor $

brilliants [131]

Answer:

The correct answer is D: $13

Explanation:

Giving the following information:

Cost per Unit Cost per Period:

Direct materials $ 6.20

Direct labor $ 2.80

Variable manufacturing overhead $ 1.45

Fixed manufacturing overhead $ 12,000

Sales commissions $ 1.00

Variable administrative expense $ 0.55

Fixed selling and administrative expense $ 4,000

Price= 25

Contribution margin= Price - variable costs

Variable costs= direct materials + direct labor + variable manufacturing overhead + sales commissions + variable administrative expense

Variavle costs= 6.20 + 2.80 + 1.45 + 1 + 0.55= $12

Contribution margin per unit= 25 - 12= $13

4 0

3 years ago

If a finance lease contains a bargain purchase option, the lessee should amortize the leased asset: Multiple Choice Over the ter

Finger [1]

Answer:

Over the economic life of the asset.

Explanation:

An asset obtained under a financial lease must be depreciated in the same way as the company would depreciate any other similar fixed asset. E.g. a leased truck should be depreciated similarly to other trucks owned by the company.

In a financial lease, the lessor amortizes the asset's value, while the lessee depreciates the assets as common fixed assets (a lessee doesn't amortize).

3 0

3 years ago