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adell [148]
3 years ago
12

Please select the economic term that is best described by each statement. People have limited resources. entrepreneurship margin

s business cycle recession scarcity tradeoffs Everything you do requires giving up something (time, money, etc.). tradeoffs margins scarcity financial capital recession budgeting
Business
1 answer:
dlinn [17]3 years ago
6 0

Answer:

scarcity

tradeoffs

Explanation:

Humans have unlimited wants and the resources available to satisfy this wants are limited. Thus, humans have to choose the most important wants and give up less important wants.

For example, if you have $20 and you want to buy a textbook , ice-cream or jeans. Each cost $20. If you need the textbook to study for a test, you would choose the book. Here $20 is the scarce resource. jeans and ice cream are what you traded off

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What are the factors of production required by jewellery shop to operate its business
Blababa [14]

Answer:

See explain

Explanation:

There are 4 factors of production, land labor entreprenuership and capital.

The land of the jewellery shop would be the actual land that the store is on itself. The labor of the shop would be any of the work that any employees are doing. The capital would be any goods or machinery that is used in the store like cash registers, or bulletproof glass to protect their belongings, or any tools that the store uses to help make their jewellery etc. The last and final factor entrepreneurship might be for example the owner of the store, who manages the other 3 factors to bring a profit to the store.

4 0
3 years ago
Which is most likely to happen to consumers with good credit? Check all that apply.
nekit [7.7K]

Answer:

They can use credit in emergencies. A form must be filled out when someone is hired for a job to determine how much income tax will be withheld.

Explanation:

4 0
3 years ago
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Answer:

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Explanation:

Human resources development is important because it is an investment in one's employees that will ultimately result in a stronger and more effectiv

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5 0
2 years ago
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What are the paper bills and coins that a country actually circulates called?
AnnZ [28]
Apaper bills and coins circulated in a country are called CURRENCY. Please remember that currency is <span>a system of money in general use in a particular country. I hope this is useful. </span>
7 0
3 years ago
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Price indexes can be used to compare prices across different periods. Suppose that a year of tuition for college at public insti
vagabundo [1.1K]

Question attached

Answer:

1. $3586

2. More than the amount of inflation

Explanation:

Consumer price index 1989 = 114

Price 1989 = $1817

Price for 2009=Consumer price index for 2009 / Consumer price jndex 1989 = Price 2009 / Price 1989

= 225 / 114 = Price 2009 / $1817

= Price for 2009 = $3586

cost of tuition increased in 2009 by = $3307 that is 6893 - 3586 more than amount of inflation

7 0
3 years ago
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