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Valentin [98]
3 years ago
12

COMPARE and contrast the terms scarcity and shortage and provide examples of each.

Business
1 answer:
NikAS [45]3 years ago
6 0

Answer:

Scarcity and shortage are not the same things. Shortage conditions exist when the demand of a good at the market price is greater than supply. ... Scarcity is the concept that we have limited resources and cannot meet the unlimited demand - it has nothing to do with a market price.

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If the costs of health insurance paid by employers decrease, then the economy will experience a _____ shock. Please choose the c
maria [59]

Answer:

The correct answer is letter "D": positive supply.

Explanation:

A supply shock occurs when an unexpected event changes the supply of a good or service which changes the price of that product. When the supply shock is positive, the supply increases and the price decreases. If the supply is negative, the supply decreases and the prices increase.

Thus, <em>if the costs of health insurance decrease, expecting an increase in the supply in health insurance, the supply shock will be considered positive.</em>

6 0
3 years ago
Read 2 more answers
Does the education make a difference in salary for a database administrator??
Arturiano [62]

Answer:

Yes it surely does

Explanation:

please mark me as brainlyest

5 0
3 years ago
Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 6 percent. The bond sells for $98
alexgriva [62]

Answer:

YTM = 6.13%

Explanation:

As we know that: YTM = [C +(F-P/n) ] / (F+ P) / 2

where C= Coupon payment = 1000 * 6% = $60.

F = face value of bond = $1000

P= Price of bond = $ 981.45

n= Years to maturity = 24 years

                 Solution:

                YTM =   60 +[ (1000-981.45) / 24] /  (1000+981.45) / 2

                        =( 60 + .7729) / 990.72

                         =  60.7729 / 990.72

                        = 6.13%

8 0
4 years ago
An increase in the price of oranges would lead to
Art [367]

Answer:

a movement up and to the right along the supply curve for oranges.

Explanation:

The supply curve exhibits the price and quantity.

Quantity on the x axis that reflects the quantity supplied.

Price on the y axis that reflects the price at which the particular commodity is offered.

Accordingly, when there is increase in prices of orange the y axis will move upward, also as there is increase in price the suppliers would supply more at the price, accordingly x axis will also grow.

Accordingly the supply graph will move upward in the right direction.

8 0
3 years ago
Gorman is paid $10.50 per hour for a 35-hour workweek. This past week, he worked an extra 10 hours on a job at a pay rate of $13
denpristay [2]

Answer:

The first 40 hours of payment will be payed at $10.5 per which will amount to a total of $420 and his last 5 hours he will be payed at $13 which will amount to a total of $65.

So his total earning for the 45 hours of work are $485

Explanation:

3 0
3 years ago
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