Goods and services are scare because the resources required to produce these goods and services are limited in supply and that is why we can't fulfill all the wants of the people, which results in Scarcity to arise. In economics the basic economic problem arises because resources are limited and wants are unlimited and therefore everyone cannot have what they need and that is why we have a connection with opportunity cost. We need to sacrifice or forego the items we can't have and therefore with the economic problem of scarcity, opportunity cost arises. If we can satisfy everyone's wants, then there is no question about having scarce resources.
Answer:
$ 870,000
Explanation:
Given data:
The funds raised by the cancer society = $ 900,000
The amount that has been collected back = $ 600,000
The amount that is uncollectible = 10% of the remaining amount
i.e 10% of ( $ 900,000 - $ 600,000 ) = $ 30,000
Therefore,
the net amount of revenue the society should recognize during the current year from this pledge drive is calculated as:
= The funds raised by the cancer society - The amount that is uncollectible
or
= $ 900,000 - $ 30,000
or
= $ 870,000
Answer:
C). Prepare their thoughts in advance.
Explanation:
A speaker aims to serve a specific purpose through his/her speech(to inform, to entertain, to convince, to motivate, etc.). In order to serve this purpose effectively by the end of the speech, it is very crucial to 'prepare the thoughts that the speaker wishes to convey in advance' as <u>it helps him/her in organizing the thoughts in a logical order to ensure its efficacy</u>. It <u>also assists in analyzing whether the thoughts get along with each other and also keeps room for creativity</u> which can enhance its impact and make the purpose more successful. Thus, be it one or one hundred people, it is important for a speech to be prepared in advance and hence, <u>option C</u> is the correct answer.
Answer:
Niche cost leader
Explanation:
Since in the question it is mentioned that the Digby company shifts the focus to the segments of Thrift and Nano while on the other hand it also decreasing the cost so here the niche cost leader should be considered as it is focused on the specific segment also it concentrate on the price reduction i.e less the price charged by the competitor in order to gain the competitive advantage
hence, the second last option is correct
<h2>Answer</h2>
Macroeconomics
<h3>Explanation</h3>
Macroeconomics is the study of the major health indicators of the economy. The term includes four major indicators including employment, inflation, economic growth, and balance of payment deficit/surplus. The term therefore embodies all of these aspects in it.
