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ira [324]
3 years ago
7

Can anyone explain me, The demand for resources?​

Business
2 answers:
RSB [31]3 years ago
7 0

Answer:

Resource Demand Determinants. With all else equal, an increase in the demand for a product that uses a particular resource will also increase the demand for that resource; likewise, if demand for a product decreases, then the demand for the resource will also decrease. Hence, resource demand is a derived demand. When the demand for gasoline increases, then there will be greater demand for oil and vice versa, since oil is a major component of gasoline and one of its major uses.

Explanation:

Mademuasel [1]3 years ago
6 0

Answer

demand for resources is determined (derived) by the products they help produce. The additional revenue generated by an additional worker (resource). In perfectly competitive product markets the MRP equals the marginal product of the resource times the price of the product.

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Suppose the economy is in long-run equilibrium at the level of potential output. What will be the long-run effect of an expansio
nirvana33 [79]

Answer:

Higher prices.

Explanation:

Expansionary monetary policy seeks to grow the economy by increasing the money supply, lowering interest rates, and stimulating demand. As we know from the supply/demand curves, higher demand leads to higher price levels.

3 0
3 years ago
Which of the following is true of an opportunity​ cost? A. It is the income foregone by not using a resource in an alternative w
ahrayia [7]

Answer:

A. It is the income foregone by not using a resource in an alternative way.

Explanation:

Opportunity cost is the income foregone by not using a resource in an alternative way.

Opportunity cost is refers to the value of what you have to give up in order to choose something else. It can also be called REAL COST.

It also refers to the value or benefits of something that must be given up in order to acquire another thing.

7 0
4 years ago
What are the starting and stopping points of the development of the self during the life course?
Marina CMI [18]

Answer:

Starting Points of the development of the Self.

* When we feel an urge, motivation and desire that we should learn something extraordinary to improve our self.

* When we feel we are lacking something, it could be regarding learning new technology, learning new sports or anything which we feel we are not good at.

* When we see others then instead a jealousy feeling, we find them as a good and better human being than us, then we start idealizing them and followed by learning the same set of skills which we think they possess.

Starting Points of the development of the Self.

* When we start thinking that we know each and everything, that's the point when we stop learning for new skills ans about new things, and ultimately our progress stops there.

* While seeing others, when we feel jealously kind of feelings for them, then instead of admiring their potential we start leg-pulling and other negative techniques, which means we have stopped our own development of the self.

* Instead of taking interests in new skills, knowledge and technology, we start feeling better with the one which we have, not only this, but we also feel that the tings which we possess are the best-est of all, then we stop progressing.

5 0
3 years ago
How do you calculate net gdp
Svetlanka [38]

Answer:

you would calculated by total national income + sales taxes + depreciation + net foreign factor income total (just Google it)

5 0
4 years ago
Can people who disagree about normative ethical theory still reach agreement on practical ethical questions in the business worl
Archy [21]

<u>Answer: </u>

Yes, people who disagree about normative ethical theory can still reach an agreement on practical ethical questions in the business world.

<u>Explanation: </u>

  • Most individuals associated with any form of business have their own theories devised of ethical behavior.
  • Even if some people choose to disagree with the normative ethical theory, they cannot ignore the practical ethical questions in the business world.
  • Such people modify their own ways of tackling the problems regarding business ethics which prove effective sometimes and sometimes do not.
5 0
3 years ago
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