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BaLLatris [955]
3 years ago
7

Ginny is training for a triathlon, a timed race that combines swimming, biking and running. Consider the following sentence: "Gi

nny has only 20 hours per week that she can devote to training for her race." Which basic principle of individual choice does this sentence best illustrate? a. Many decisions are taken at the margin b. Resources are scarce c. All costs are opportunity costs. d. People usually exploit opportunities to make themselves better off
Business
1 answer:
gizmo_the_mogwai [7]3 years ago
6 0

Answer:

The correct answer is option b.

Explanation:

The statement mentioned in the questions shows the problem of scarcity of resources. It is a basic problem in the study of economics. All the economic problems exist because we have limited resources. These limited resources have alternative uses and we need these resources to satisfy our unlimited wants and needs.  

Here, Ginny has only 20 hours per week for training. Time is a limited resource for Ginny. If she had unlimited time, she could devote more time for training but that's not the case. So she needs to use this limited time to train and get maximum result from this.

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Which of these terms is most closely related to tradeoffs?
ohaa [14]
Hello!

You forgot the alternatives!

incentives 
<span>margin </span>
<span>markets </span>
<span>scarcity
</span>
The term that is most closely related to trade-off, from the list above, is: scarcity. Scarcity is the condition that moves the trade-offs, it determines the quantity of each product you need or have. So, for example, if you need a product that you don't have enough and another that you have in excess, you can exchange it with someone that have interest in your product and has the one that you need.

Hugs!
7 0
3 years ago
Explain why supply and price are positively related
pishuonlain [190]

Answer:

see below

Explanation:

A positive correlation signifies that an increase in one variable results in the other variable moving in the same direction. Because supply and price are positively correlated, a price increase will increases supply. The opposite is also true.

Suppliers are business people whose main objective is to make profits. Higher prices give higher margins. Suppliers make higher profits when prices are high. The possibility of making higher profits motivates suppliers to increase supplies to the market. On the other hand, low prices may result in losses. When prices are low, supplies will shy away from the market to avoid making losses.

6 0
3 years ago
Why is 4pex learning so hard
adoni [48]

because the person who made it likes to make people mad/sad

3 0
3 years ago
According to the Level-5 leadership pyramid, managers can become executives who are capable of building lasting greatness into t
notsponge [240]

Answer:

Level 5

Explanation:

pyramid organizational structure is structure usually from 1 to 5 having , one leader at the top, along with

small executive leadership team which is at below level with tiers of managers that have their leading down to the bottom level of team of employees.

Level 5 leaders always shows

powerful mixture of personal humility as well as indomitable will. These set of people that fall under this heirachy are incredibly ambitious, though

their ambition comes as first and foremost as regards the cause, for the organization as well as its purpose and not themselves. It should be noted that According to the Level-5 leadership pyramid, managers can become executives who are capable of building lasting greatness into the organization through a combination of willpower and humility. This occur At

level 5 of the pyramid.

7 0
3 years ago
Read 2 more answers
An interview in which a job candidate is asked to explain how he/she would handle a specific set of circumstances is a type of
zloy xaker [14]

Answer:

I believe this would be D

Explanation:

I say that it is D because it is asking about what they would do under certain circumstances and or situations to see what they would say

4 0
3 years ago
Read 2 more answers
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