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3 years ago

What are the three basic questions faced by every economy

Business

2 answers:

Likurg_2 [28]3 years ago

5 0

The three basic questions asked are:

1. What goods and services should be produced?

This is asked because the economy wants to produce what the consumers want or else the resources aren't being used efficiently since resources are scarce.

2. How should we produce them?

This is asked because the producers don't want to spend unnecessary time or money on production, so they must choose wisely what method of production is best for their company and consumers.

3. Who are the consumers?

This is asked because the producers want to make sure that they are targeting the right people with advertising or selling.

Hope this helped!

~Just a girl in love with Shawn Mendes

avanturin [10]3 years ago

3 0

Answer:

In economies they are 2.
First.

<h2>Presidential: 1)A manifesto to keep the citizens vote.</h2>

2) Situations to curb.

3.)Employment..

<h2>Business:</h2>

1) Sociable workers

Goods and services

Consumers or buyers.

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In the New Economy, people are most rewarded through education and intellectual growth when they spend years studying a broad ar

aliya0001 [1]

Answer:

False

Explanation:

The formal education setting has not been changing at the same rate with the daily changes in business, technology and other socio-economic elements.Therefore people who spend years studying a broad array of subjects in formal educational settings are less likely to be rewarded through education and intellectual growth.

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3 years ago

_______ planning develops alternative courses of action that may be used in a specific situation when things do not go according

AleksandrR [38]

Pre- is probably the answer, I’m sorry if it’s wrong.

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3 years ago

Jim is head of the marketing department and must decide how to allocate a fixed amount of funds. There are two top projects that

alexgriva [62]

Answer:

Devil's Advocacy

Explanation:

Devil's advocacy states that when an organization permits to an individual for criticizing the happenings in the firm at the time when the decision is relevant. The other person would be limited to access so this would increase the productivity and limits the group thinking

So here according to the given situation, Jim's allowance of Clara to display the proposal for criticism is called as the Devil's advocacy.

4 0

2 years ago

Pat's Custom Tuxedo Shop maintains its records on the cash basis. During this past year Pat's collected $43,300 in tailoring fee

Luba_88 [7]

Answer:

net income = $31,500

Explanation:

given data

collect tailoring fees = $43,300

paid expenses = $12,300

Depreciation expense= $2,500

Accounts receivable = $1,050

supplies increased = $4,300

liabilities increased = $2,350

to find out

accrual basis net income

solution

we get here net income by given expression that is

net income = tailoring fees - expenses paid + account receivable + supplies increased - liabilities increased - Depreciation expense .......1

put here value

net income = $43,300 - $12,300 + $1,050 + $4,300 - $2,350 - $2,500

net income = $31,500

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3 years ago

If a bank uses $100,000 to purchase a building for $80,000 and equipment for $10,000, the balance sheet at the end of the transa

grigory [225]

Answer:

cash = $10,000, property assets = $90,000, and stock shares = $100,000.

Explanation:

4 0

2 years ago