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3 years ago

Economics is the study of:

Business

2 answers:

VashaNatasha [74]3 years ago

6 0

Answer:

C)How goods and services are produced.

o-na [289]3 years ago

4 0

Answer:

A)How natural resources are created

ANS- Natural resources are derived from the environment. ... Biotic natural resources also include fossil fuels such as coal and petroleum which are formed from organic matter that has decayed. Abiotic: these resources come from non-living and non-organic material

B)How societies make choice

ANS-making choices in the presence of scarcity since our wants are unlimited and there are limited resources for fulfilling the wants. Explanation: Economics involves the making of choices of fulfilling the wants between the resources which are scarce to satisfy the most urgent of our infinite wants.

C)How goods and services are produced

ANS -Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

D)How people create wealth using scar resources

ANS-Scarcity refers to a basic economics problem—the gap between limited resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible. Any resource that has a non-zero cost to consume is scarce to some degree, but what matters in practice is relative scarcity. Scarcity is also referred to as "paucity."

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The production possibilities frontier illustrates Group of answer choices a. the trade-off between efficiency and equality. b. t

Liula [17]

Answer:

Option (b) is correct.

Explanation:

The production possibility frontier refers to the graphical representation of various combination of output that an economy can produce with available or limited factors of production or resources.

Alternatively, it tells us about the combination of two goods that a firm can produce with the fixed amount of resources as both the goods are important for their manufacture.

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3 years ago

A company that owns a life insurance policy on one of its key employees may do all of the following EXCEPT

Fantom [35]

A company that owns a life insurance policy on one of its key employees may not use death benefits for self-gain. This is further explained below.

<h3>What is a company?</h3>

Generally, a company is simply defined as one that deals in commerce.

In conclusion, The policy's death benefit is paid to the firm if the insured dies while employed by the company. In the event of a death, the funds might be utilized to replace the lost income while looking for a suitable successor and providing necessary training.

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8 0

2 years ago

Read 2 more answers

The Company uses lower-of-cost-or-market approach. The replacement cost of an inventory item is $75. Net realizable value is $82

egoroff_w [7]

Answer:

The inventory would be valued at $75 each

Explanation:

From a market approach to valuation,we need to first of all compare the replacement cost and net realizable in order to pick the lower of both values,hence the replacement cost of $75 is lower than net realizable value of $82.50.

As a result, we can then compare the lower of replacement cost and initial cost,such that inventory can then be valued at the lower of both.

From the foregoing analysis,the replacement of $75 each per item is lower than the initial cost $76.50,invariably our inventory is valued at $75 each.

4 0

4 years ago

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You borrowed today $50,000 at 12% compounded monthly to be paid back in 36 months. You are expected to pay accumulated interest

ira [324]

Answer:

The 20th payment willbe for 1,625

Explanation:

interest 12% annual

compounding monthly: 12% / 12 = 1%

payment at 20th month

First we will calcualte the principal at the moment of the 20th payment