Answer:
According to the economists, the resources are scarce and human wants are unlimited. So, it is difficult to satisfy each and every want of people. But according to the theory of abundance, we can overcome from this problem by division and specialization of labor. If there is a proper division of labor according to their specialization then this will increase the productivity and one can produce more goods with the same level of resources.
From this economic practice, we can overcome from the problem of scarce resources.
Answer:
The 1st one because I would want the product to be okay for me to use and not under pay for something that will harm me.
Explanation:
It is just plain facts!!!
I think the correct answer would be politicians trading favors that do not benefit the mass populace of voters. Rent seeking is a practice that involves the use of public policy in order to get benefit from it like increasing their benefits in the expense of other. This oftentimes done by a number of politicians.
Answer:
Dr Cash $13,000,000
Cr Other financing source- refunding of existing debt $13,000,000
Dr Other financing uses - refunding of existing debts $13,000,000
Cr Cash $13,000,000
Explanation:
Preparation of the Journal entries to record the transaction on the books of the debt service fund.
Based on the information given we were told that the Town of McHenry has the amount of $13,000,000 in general obligation bonds outstanding in which On July 1, 2017, a current refunding of the amount of $13,000,000 took place which means that the Journal entries to Record the transaction on the books of the service debt fund will be :
Dr Cash $13,000,000
Cr Other financing source- refunding of existing debt $13,000,000
Dr Other financing uses - refunding of existing debts $13,000,000
Cr Cash $13,000,000
Answer:
Gasoline consumption will decrease by a small amount.
Explanation:
A coefficient of elasticity of less than one indicates that demand is inelastic.
Inelastic demand means that there's little or no change in quantity demanded when there's a change in the price of a product.
Quantity demanded has little or no sensitivity to changes in price.
If the coefficient of elasticity is greater than one, demand is elastic.
Elastic demand is when a small change in price has a greater effect on the quantity demanded.
If the coefficient of elasticity were equal to one, it means that demand is unit elastic.
Unit elastic demand means a change in price leads to the same proportional change on quantity demanded.
I hope my answer helps you
