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nalin [4]
3 years ago
12

You have been given $100 to go school shopping. Identify how you would spend the money based on "needs" and "wants".

Business
2 answers:
mojhsa [17]3 years ago
8 0

Answer:

Explanation:

You will need:

pens, paper, pencils, folders, notebooks, shoes and clothes for school

Your wants would be:

the air jordan shoes instead of the walmart brand.

A colorful 3d folder or notebook instead of the generic plain ones

a 5 dollar pen or pencil when you can get 12 for a dollar

Needs would be very basic items

wants are usually much more expensive

wariber [46]3 years ago
7 0
You need the basic school supplies, the want would be things you think look nice but you know really you don’t necessarily need them.
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suppose the labor force in an economy equals 153 million workers. out of 153 million workers, 145.2 million workers are employed
34kurt

The unemployment rate equals 5.10 percent

What is unemployment rate?

Unemployment rate is the portion of the labor force in an economy who are unable to find jobs for living.

The unemployment rate is determined as the number of unemployed divided by the labor force, in other words, the unemployment rate is computed thus:

unemployment rate=unemployed/labor force

unemployed=7.8 million

labor force=153 million

unemployment rate=7.8 million/153 million

unemployment rate=5.10%

Find out more about unemployment rate on:brainly.com/question/18120862

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4 0
2 years ago
Read 2 more answers
In 3 or 4 sentences, explain how increasing the money supply can result in economic growth.
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The value of the American dollar would go down drastically. By doing that it would increase the prices of basically anything and everything. It will place our country in an immense debt and could potentially have our country fail.

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3 years ago
Describe a real or made up but realistic example of a situation in which a person’s awareness of their social class might have a
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A high school drop-out walks into a Coach store and sees how nice everyone there is dressed, where as she is wearing a crop top and ripped jeans with yellow mustard stains, she then feels uncomfortable and heads over to the restroom where she tries to hide the stains on her pants and tie her messy hair back
6 0
3 years ago
Joy calls a mobile phone store to enquire about a new phone available in the market. The customer service operator sends him an
blondinia [14]

Answer:

The answer to the question is customer- initiated touch point

Explanation:

In Hank Brigman's submission a touch point is the meeting point between customers and the organization in order to share vital information,negotiate business or zeal up a transaction.

When interaction is initiated by the customer, it is known as customer-initiated  touch point.This is sometimes made possible by referrals from those customers who have  made use of the product in the time past or due to a brand loyalty a product or service commands among its rival products or services.

4 0
4 years ago
In an attempt to reduce poaching of elephant tusks for ivory, officials in Kenya burned illegally gathered ivory. Economists ten
Brut [27]

Answer:

b. the supply of ivory has fallen, leading to an increase in price and reward for poaching.

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

Poaching can be defined as an illegal or illegitimate procurement (purchase) of protected wildlife living organisms such as elephants, fish, trees, gaming, etc.

In an attempt to reduce poaching of elephant tusks for ivory, officials in Kenya burned illegally gathered ivory. Economists tend to point out that the supply of ivory has fallen, leading to an increase in price and reward for poaching in accordance with the law of supply.

This ultimately implies that, an increase in the price level of a product usually results in a decrease in the quality of real output demanded along the aggregate demand curve.

6 0
3 years ago
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