Answer:
production of different types will compete for limited resources.
Explanation:
The production possibilities model is also known as the Production–possibility frontier. It is the visual model of efficiency and scarcity. It provides the concept of how the economy can change things by using two goods as an example. It determines the trade offs that is associated with the allocation of the resources between the production of the two goods.
The production possibilities curve or model shows the inverse relationship between the two goods and the services as producing different types of products or services will complete for the limited resources available.
An economy has a very limited economic resource and therefore it can produce more number of one good by making only less of some another good.
This amount would have to be recorded as not accrued in the circumstance that he is defending against a lawsuit.
<h3>What is a lawsuit?</h3>
A lawsuit is an action brought by one or more parties in a civil court of law against another party. Only a limited number of laws from long ago that are still in force include the phrase "suit in law."
The most frequent reasons to "sue" an employer are discrimination, harassment, wrongful termination, and workplace injuries, whether accusations are made or a lawsuit is filed directly. More information about each sort of claim is provided below.
Read more on lawsuits here:brainly.com/question/25389760
#SPJ1
required: Indicate the amount Erismus would record as an asset, liability, or not accrued in the following circumstances
Erismus is defending against a lawsuit. Erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $1,000,000.
Answer:
$400
Explanation:
Given that
Reserve ratio = 25%
Deposit cash in a bank = $100
So, the maximum amount of increasing the checking account balance would be
= Deposit cash in a bank ÷ Reserve ratio
= $100 ÷ 25%
= $400
We simply divide the cash deposited by the reserve ratio so that the accurate value could come i.e maximum increase checking account balance.
- <u>A minimum wage is the lowest remuneration that employers can legally pay their workers the price floor below which workers may not sell their labor.</u>
*Put that in your own words though
Answer:
income earned from renting out a store in the hotel
Explanation: Make me the brainiest
