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artcher [175]
3 years ago
10

Economists believe that scarcity is

Business
2 answers:
krek1111 [17]3 years ago
8 0

Answer:

Scarcity refers to the basic economic problem, the gap between limited  that is, scarce  resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible.

HOPE THIS HELPED!!!!!!!!!!XDDDDD

vesna_86 [32]3 years ago
7 0

Answer: Economists conduct research, collect and analyze data, monitor economic trends, and develop forecasts on a wide variety of issues, including energy costs, inflation, interest rates, exchange rates, business cycles, taxes, and employment levels, among others. Therefore, they would believe that scarcity is how societies use scarce resources to produce valuable commodities and distribute them among different people (refers to the basic economic problem; the gap between limited sources).

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What helps a consumer determine the quantity of something to buy?
Molodets [167]

Answer:

marginal benefit

Explanation:

consumers are most likely going to buy something with value

3 0
3 years ago
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Suppose the united states imposes higherimposes higher steel tariffs. how does the change in steel import restrictions affect au
Orlov [11]
I not sure about this but wish i help 
6 0
2 years ago
Most economists believe that only a small gap between the wages of white males and the wages of other groups is due to education
xz_007 [3.2K]

Answer:

The answer to the question is TRUE

Explanation:

Education is one of the most influential determinants of wages, so it is a contributing factor to the racial wage gap. Different levels of education between races lead to different salaries for different racial groups. Education affects wages as it allows access to higher status occupations that offer higher profits.

When the education of the different groups becomes more equal, the wage differences decrease, although they do not disappear.

The racial wage gap of blacks and whites has been observed to differ in the public and private sectors. When the education of the different groups becomes more equal, the wage differences decrease, although they do not disappear.

Having a university degree worsens the gap, contrary to the belief that education is key to a more egalitarian society.

The growing inequality has had a greater impact among young black graduates with university degrees in the years after the Great Recession than during any other period.

In the particular case of race, it could be said that because black individuals are on average poorer and receive lower quality education, employers prefer not to hire them, however many of the black candidates may be better able to perform the job. than the average white workers. In this case, the best educated black individuals get lower salaries due to the characteristics assigned to the group in general.

The failures that occur in the labor market are caused by the low investment in human capital that they acquire as children, which is transformed into productive human capital in adulthood.

Parental education significantly increases the returns of children's education.

Although African Americans and whites had access to similar levels of education, almost 6 percent of blacks who had higher education had no job, while among whites unemployment stood at almost half, with 3.5 Percent of unemployed among graduates.

3 0
3 years ago
Stellar Corporation had the following activities in 2020.
nexus9112 [7]

Answer:

Net cash provided by financing activities $315,000

Explanation:

The computation of the net cash provided or used by financing activities is shown below:

Issuance of common stock $275,000

Issuance of bonds payable $469,000

Less: Payment of dividends $380,000

Less: Purchase of treasury stock $49,000

Net cash provided by financing activities $315,000

6 0
2 years ago
. What will happen in the market for shotgun-shell ammunition now if buyers expect higher shotgun-shell prices in the near futur
Temka [501]

Answer:

A.

Explanation:

The demand for some of products have a relationship, where the quantity demanded for one product depends somehow on the prices of both.

If two goods are substitutes, an increase in the price of one increases the demand of the other.

The demand for brand A depends on its price and also in the price of its main competitor.

In this case, shotgun-shell  and shotgun-shell ammunition are substitutes.

6 0
2 years ago
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