Answer:
d) want
Explanation:
In economics, 'wants' represent the goods and services that we desire to have but are not essential for survival. Want is something we long for now or in the future. Wants are diverse in different people, and will vary depending on personality, environment, economic status, age, and many other factors.
People can survive even if their wants are not satisfied. Naturally, human beings have unlimited wants. Unlike needs, 'wants' keep changing with time. The inability to satisfy one's wants leads to disappointments or sadness, while a lack of needs may trigger diseases or even death.
Answer: See explanation
Explanation:
a. State and describe the concept that leads to "conflict of goals between a firm's managers and its shareholders. Give a modern day example of this concept, and discuss some potential solutions.
This is referred to as the agency problem. This brings about conflict of goals between the manager and the shareholders. An example is when the managers use the resources of the company for their own personal benefits or in a scenario whereby the managers fake the earnings so that the stock prices will rise temporarily.
b. State and describe the concept that states, "factors of production are somewhat immobile." Give an example with detail.
This is referred to as imperfect market theory. When transferring labor, capital or other resources, there are costs attached to the transfer and restrictions as well. .
The household debt has Risen
Answer:
a. is an institution that brings together buyers and sellers.
Explanation:
A market is an institution that brings together buyers and sellers to exchange goods and services.
A market doesnt always requires face-to-face contact between buyer and seller thanks to the internet.
I hope my answer helps you.
The Modified Accelerated Cost Recovery System (MACRS) is used for tax purposes.
<h3>What is depreciation?</h3>
Depreciation refers to the devaluation in the value of the tangible assets after a particular period of time. When the depreciation value of the assets becomes zero or negative. It becomes outdated or obsolete.
Modified Accelerated Cost Recovery System is the system introduced by the United States which is the tax depreciation system used to estimate the value of the assets depreciated.
Initially, it was introduced to attract the investors to invest in the depreciating assets. the benefit of this system is that it gets higher tax exemptions.
Learn more about devaluation here:
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