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ivolga24 [154]
3 years ago
15

Which of the following situations represents an economic problem? a) A student trying to decide how to spend his weekly allowanc

e. b) A country choosing to sacrifice some privacy in order to gain more security. c) Neither situation is an example of an economic problem. d) Both situations are examples of an economic problem.
Business
1 answer:
enot [183]3 years ago
5 0
<h2>Both situations are examples of an economic problem.</h2>

Explanation:

Let us understand the term "economic problem"

Though the expectation of the people are endless, the "resources available" to satisfy the need is limited. This causes the "economic problem".

A student trying to decide how to spend his weekly allowance:

The need of student may be endless but still he is in a position to decide only based on the amount which he has to spend. He needs to prioritize the needs and then spend accordingly.

A country choosing to sacrifice some privacy to gain more security:

Under a compelled situation, the country has to sacrifice the privacy and then have to gain security. The loss due to negotiation of privacy is for sure and this leads to economic problem.

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14. Two alternative measures of the overall level of prices are a. the inflation rate and the consumer price index. b. the infla
san4es73 [151]

Answer:

c. the GDP deflator and the consumer price index.

Explanation:

Two alternative measures of the overall level of prices are the GDP deflator and the consumer price index.

The GDP deflator can be defined as a measure of the changes in prices for all of the finished goods and services produced domestically in an economy in a particular period of time, usually a year. This simply means that, the gross domestic product deflator measures the inflation in an economy.

Consumer price index (CPI) can be defined as a measure of the aggregate or average changes in price level of a weighted market basket of finished goods and services that consumers purchased over a specific period of time. The CPI is also a measure of the inflation in an economy over a specific period of time.

5 0
3 years ago
If a buyer agent with minority buyers in his car approaches a scheduled showing only to see a Confederate flag flying from the f
Yakvenalex [24]

There are rules to follow when making sales. If the buyer agent with minority buyers in his car approaches a scheduled showing only to see a Confederate flag flying from the front porch, the agent should;

  • Consult with the buyers and determine whether they want to proceed.

<h3>What is the response of a listing agent who approaches a potential listing?</h3>

The response of a listing agent who approaches a potential listing only to find a Confederate flag flying from the front porch is that;

  • He should ask the seller if the flag stands for his racial prejudice and later ask that it should be removed.

Real estate agents are known to be business people and so thy are not social engineers. But if the agent believes the flag stand for racist attitudes that will hinder or enter the transaction and result in lowering of interest in the property, it is best to stop the listing.

Learn more about  buyer agent  from

brainly.com/question/16945348

5 0
2 years ago
When interacting with a customer who has a rational style and keeps communication brief, your best strategy is to
kakasveta [241]

The best strategy which a person should use when interacting with a customer who has a rational style and keeps communication brief is:

  • Ask open-ended questions to obtain information.

<h3>What is Communication?</h3>

This refers to the exchange of information between two or more people where feedback is given through a medium.

With this in mind, we can note that because the customer has a rational style and communicates in a straightforward manner, then the best strategy would be to ask open-ended questions to obtain information.

Read more about communication here:

brainly.com/question/26152499

3 0
2 years ago
Dixon Construction Company was awarded a contract to construct an interchange at the junction of U.S. 94 and Highway 30 at a tot
Ostrovityanka [42]

Answer:

The Journal entries are as follows:

(i) Construction in progress A/c Dr. $5,104,000

                    To cash A/c                                      $5,104,000

(To record the construction costs)

(ii) Accounts receivables A/c Dr. $2,980,000

              To billings A/c                                    $2,980,000

(To record the progress billings)

(iii) Cost of goods sold A/c Dr. $5,104,000

Construction in progress A/c Dr. $1,740,000

             To revenues A/c                                $6,844,000

(To record the revenues)

Workings:

Revenues :

= (Cost incurred to date ÷ Expected costs to complete) × Contract value

= ($5,104,000 ÷ $8,800,000) × $11,800,000

= 0.58 × $11,800,000

= $6,844,000

5 0
3 years ago
Karl is a night person, so he's studying for his economics final by working at night, when he's at his best. what are other stra
mote1985 [20]
Other strategy in effective time management is by prioritizing tasks, in which the individual should do what is important first and place the tasks that are least important in the last list. It is because by prioritizing the task, the important tasks could be accomplished first in which they are the ones that are needed to be done and could be affected greatly if they are not done on time.
3 0
3 years ago
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