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horsena [70]
3 years ago
8

Which situation creates scarcity in an economy?

Business
1 answer:
scZoUnD [109]3 years ago
4 0

Answer:

C. Citizens have more wants than they can fulfill with their available resources.

Explanation:

Correct for APEX

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If the monthly income of the IBM employees follows a SYMMETRICAL NORMAL distribution, with a median of $5000 and a standard devi
AURORKA [14]

Answer:  mean monthly income = $5000

====================================================

Explanation

In any normal distribution, the median and mean are the same value.

-------------

The proof is as follows:

If mean > median was the case, then the distribution would be skewed to the right (ie positively skewed). The right tail is pulled longer than the left tail. But this would contradict the symmetrical nature of the normal distribution. So mean > median must not be the case.

If mean < median, then the distribution would be skewed to the left (negatively skewed). Visually this pulls the left tail longer than the right tail. Like in the previous paragraph, this contradicts the symmetrical nature of the normal distribution. So mean < median must not be the case.

Since mean > median cannot be true, and neither can mean < median, this must indicate mean = median.

-------------

So in short, any symmetrical distribution always has mean = median and they are at the very center of the distribution.

4 0
2 years ago
Gregory knew that he was going to have to pay a premium for buying a home in a certain area but was determined to do so because
labwork [276]

The characteristic of value that is represented here is <u>C. Situs.</u>

<h3>What is Situs?</h3>

Situs refers to the location of the property in legal terms.  The location of an asset adds or subtracts value from the property. Some properties are located in urban areas where the demand is much more than in suburbs or rural areas.  Such properties attract equivalent values based on their locations.

<h3>Answer Options:</h3>

A. Scarcity

B. Nolo Contendere

C. Situs

D. Caveat Emptor

Thus, the characteristic of value represented in this scenario is not scarcity, nolo contendere, or caveat emptor, but <u>Option C. Situs.</u>

Learn more about the location of a real estate at brainly.com/question/26010601

7 0
2 years ago
(tco 4) a market contains subgroups of people with varying interests, values, and behaviors.  to maximize your effectiveness in
Molodets [167]
Answer:  The FOUR (4)  "fundamental factors" that marketers us to identify "market segmementation" are:
___________________________________________________
1)  demographic segmentation ; 
2) geographic segmentation ; 
3) psychographic segmentation ;  AND: 
4) behavioral segmentation .
___________________________________________________
6 0
3 years ago
An economics student makes the following statement: "It's easy to understand why the aggregatedemand curve is downward sloping:
mafiozo [28]

<u>Answer</u>:

<u>True</u>

Explanation:

Indeed, the economics student was mistaken because aggregate demand <em>follows a pattern</em> that when prices rise, consumer wealth declines, the interest rates rise, and exports become more expensive thus leading to a downward sloping of the aggregate demand curve.

Therefore, the second statement is correct (True) for saying the economics student was wrong in his statement.

5 0
3 years ago
A person strongly feels that going into debt is wrong. This is an example of the influence of:
Nataly [62]

A person powerfully feels that go off into debt is incorrect. This is an instance of the powerfulness of marketing and advertising.

<h3>What is marketing and advertising?</h3>

Marketing is defined as the process of discovering a consumer's needs and selecting some effective mode to communicate those demands.

Advertising is the practice of marketing a business concern and its products or services through pay off channels. To put it another way, advertising is a part of marketing.

Marketing and advertising aggressively convinces everyone that going into debt is a bad idea.

Therefore, option C is correct.

Learn more about the marketing, refer to:

brainly.com/question/13414268

#SPJ1

5 0
2 years ago
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