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3 years ago

Without a_________to govern resources, scarcity becomes a major problem for people who live in brutal, collectivist societies.

1 answer:

7 0

Without a REGULATION to govern resources, scarcity becomes a major problem for people who live in brutal, collectivist stories.

Explanation:

Scarcity in any area, can arise/occur in a place where the resources are not enough due to rapid increase in population.
For example, with an entire nation dependent on its primary economy - agriculture - soil, water and land become scarce within less time before any action/rule can be imposed.
Demand-supply, structural induced scarcity are the two types that can occur commonly.
Here, in a Collectivist society where, a group/culture/community on a whole is taken into account rather an individual alone, scarcity can be observed in wide range.
If there is no limit regulated on how much an individual can own or work on, the middle economic and lower economic class will fall into below poverty line. To enhance their livelihood and improve the economy of a nation, a regulation to govern resources is necessary.

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Nata [24]

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3 years ago

Suppose the market wage for cashiers increases from $7 per hour to $9 per hour.As a result, Pat, who is a cashier, now works fiv

Anton [14]

Answer:

Income

Explanation:

Suppose the market wage for cashiers increases from $7 per hour to $9 per hour. As a result, Pat, who is a cashier, now works five more hours per week. On the other hand Chris, who is also a cashier, now works five fewer hours per week.Chris's behavior illustrates the Income effect of a wage increase.

As the income increases, few individual prefer to work fewer hours as now they are able to maintain target by working fewer than at previous wage rate. These people prefer leisure over higher income and want to settle down with limited income. These people may have a backward bending individual labour supply curve – they may choose to work fewer hours when the wage rate rises.

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3 years ago

Shareholders of public companies need to appoint a board of directors to represent their interests because:_____.

Svetllana [295]

Shareholders of public companies need to appoint a board of directors to represent their interests because of the separation of ownership and control.

Today's board members are supposed to reflect a variety of independent viewpoints. Strategic monitoring and planning are the major responsibilities of a board of directors. Even though these phrases are frequently used, it's crucial to remember that these tasks constitute the foundation of effective company planning.

A board of directors serves much more than just as the organization's public face. When selecting new board members to fill open positions, boards often seek for specific traits. Board members anticipate that their other directors will be open to challenging and in-depth questioning that seek to examine all sides of an issue. Board members must be thoroughly informed about any significant issues that have an impact on the company. Because risks are multiplying and getting more complicated, identifying risks has become an essential component of the board job.

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2 years ago

Compute the Cost of Goods Manufactured and Cost of Goods Sold for Strike Marine Company for the most recent year using the amoun

Alecsey [184]

Answer:

Instructions are below.

Explanation:

First, we need to calculate the direct material used and the manufacturing overhead:

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 22,000 + 74,000 - 34,000

Direct material used= $62,000

Manufacturing overhead:

Insurance on plant $9,500

Depreciation-plant building and equipment 12,600

Repairs and maintenance-plant 3,900

Indirect labor 42,000

Total overhead= $68,000

Now, we can determine the cost of goods manufactured:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 41,000 + 62,000 + 88,000 + 68,000 - 27,000

cost of goods manufactured= 232,000

Finally, the cost of goods sold:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 13,000 + 232,000 - 21,000

COGS= $224,000

3 0

2 years ago

Anna11 [10]

Answer:

bond interest expense is deductible for tax purposes, while dividends paid on stock are not.

Explanation:

Bonds may be defined as the instrument of the indebtedness of bonds issuers to holders. A bonds helps a company to save to taxes as the bond's interest is tax deductible whereas on equity the dividend is paid after the tax profits. Thus bonds are an popular source of financing.

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3 years ago