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Aleksandr [31]
3 years ago
7

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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with this type of externality, in the absence of government intervention, the market equilibrium quantity produced will be than
ikadub [295]

The type of externality where market equilibrium quantity produced will be more than socially optimal quantity in absence of governemtn intervention is Negative externality.

Let understand that whenever a production of good or service negatively affect the unrelated third party who is not directly involved in a market transaction, it is said that negative externality exists in the scenario.

A very good example of commonly cited Negative Externalities are air pollution and noise pollution which was caused during production an affects unrelated third party.

If there is presence of government intervention in the production, then, the production of goods or service will be halted.

Therefore, in conclusion, this type of externality is called the Negative Externality.

Read more about Negative Externality here

<em>brainly.com/question/13901028</em>

7 0
2 years ago
Gary Marks is paid on a monthly basis. For the month of January of the current year, he earned a total of $8,338. FICA tax for S
deff fn [24]

Answer:

$1,057.86

Explanation:

Payroll taxes include:

  • Social security tax withholdings 6.2% (on the first $132,900 of wages paid) = 6.2% x $8,338 = $516.96
  • Medicare tax withholding 1.45% = 1.45% x $8,338 = $120.90
  • Federal unemployment taxes (FUTA)  0.6%  = $7,000 x 0.6% = $42
  • State unemployment taxes (SUTA) 5.4% = $7,000 x 5.4% = $378

total payroll taxes = $1,057.86

4 0
3 years ago
Directions: After reading the texts, choose the best answer for the multiple-choice questions below and respond to
creativ13 [48]

Answer:

Their study of data from the Gallup-Healthways Well-Being Index found that while “life evaluations rise steadily with income,” emotional well-being drops off at about $75,000 a year. Beyond $75,000, money is important for life evaluation but does nothing for happiness, enjoyment, sadness, or stress.

Explanation:

6 0
3 years ago
Read 2 more answers
Stakeholder impact analysis is a _____-step process that allows managers to better understand and address stakeholders' needs.
Sliva [168]

Stakeholder impact analysis is a five step process that allows managers to better understand and address stakeholders' needs.

Stakeholder impact analysis is a five steps process. Stakeholder impact analysis allows the manager to address the stakeholders’ needs and understand them better.

Stakeholder impact analysis is five steps process that allows managers to understand the need of their stakeholders. A stakeholder is any entity either person or organization, who is directly or indirectly affects the organization or its project.

The five steps of stakeholder impact analysis are:

  1. Identify the stakeholder: At this step, managers identify who are their stakeholders that are directly or indirectly affected by their projects, products, or services.
  2. The interest of the stakeholder: This step defines the interest of the stakeholder
  3. Opportunities and threats associated with stakeholders: this defines the present opportunities and threats to stakeholders
  4. Our responsibilities to stakeholders: This process defines that what is our legal, ethical, economic, and philanthropic responsibilities to our stakeholders
  5. Effectively address the stakeholders’ concerns: This step forces to take action to effectively address the stakeholders’ concerns.

You can learn more about stakeholder at brainly.com/question/15532995

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4 0
2 years ago
Motivation is largely the result of external rewards and punishments. <br> a. True <br> b. False
SSSSS [86.1K]
False. Motivation is an internal and external factors that stimulate people's desire to action that drives people to be committed and interested continuously to attain role, targets, and goals. It also includes conscious and subconscious factors. Hopes this helps you. 
8 0
3 years ago
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