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KIM [24]
2 years ago
7

When every economic unit in a society attempts to achieve its own particular goal, usually requiring delivering something of val

ue to others, it is referred to as ______.
Business
1 answer:
Alexus [3.1K]2 years ago
5 0

When every economic unit achieves its own particular goal, perhaps by delivering something of value to others, it is referred to as ___self-interest___.

<h3>What is self-interest?</h3>

Self-interest is an action motivated to achieve personal goals or advantages. According to Adam Smith, when individuals pursue their self-interests, they satisfy the general public by providing some goods or services in exchange.

Thus, when individuals or every economic unit achieves its self-directed goals, they usually satisfy their self-interest while delivering something of value to others.

Learn more about self-interest at brainly.com/question/1219935

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All but one of the following features characterizes desirable aspects of insurance arrangements.
prohojiy [21]

Answer:

The answer is: The insurer should be guaranteed positive economic profits.

Explanation:

The insurer (or insurance company) like any other company in the world, is not 100% sure they will make a profit from a business transaction.

For example, a person that takes a life insurance policy for $1 million might die due to an accident, and the insurance company will lose money with that specific client.

5 0
3 years ago
You will be given descriptions of people in various situations. Using this information, you are asked to place each individual i
levacccp [35]

Answer:

Option B                  

Explanation:

Structural unemployment refers to the type of unintentional unemployment induced by some kind of disparity between both the skills that economic employees may provide, and the qualifications that companies require of employees. Structural joblessness is sometimes caused by changes in technology which outdated the job qualifications of several employees.

Structural unemployment becomes difficult to distinguish with frictional unemployment scientifically, other than to suggest it lasts much longer for every particular individual. Easy demand-side intervention, like with frictional unemployment, won't work to quickly eradicate this form of joblessness.

6 0
3 years ago
An unintended side effect that benefits or harms a third party not involved in the activity is:
Sauron [17]
The answer is : b. An externality

The example of an Externality is air pollution from Car emission

The air pollution is not technically covered and intended by the car manufacturing company , but it harm a third party ( civilians) who do not involved in the car production

 
8 0
3 years ago
Over the last four decades: A. Non-tariff barriers (NTB's)and tariffs have both increased in importance and use B. NTB's and tar
tino4ka555 [31]

Answer:

C. NTB's have increased and tariffs have decreased in importance and use

Explanation:

7 0
3 years ago
Purchases$111,000 Freight-in 3,100 Sales 185,000 Sales returns 6,000 Purchases returns 4,500 In addition, the controller is awar
ivolga24 [154]

Answer:

Closing Stock = <u>38000 </u>

Explanation:

Net Sales = COGS + Gross Profit

  • <u>Net sales</u> = sales - sales return = 185000 - 6000 = 179000
  • <u>Gross Profit</u> = 60% of sales (as per gross profit ratio)

       = 60% of 179000 = 107400

  • <u>COGS </u>= Opening Stock + Net Purchase + direct expenses - Closing Stock

* <u>Net purchase</u> = Purchase - purchase return = 111000 - 4500 = 106500

*<u>Direct Expense</u> = Freight Inwards = 3100

Putting all values in formula :- Net Sales = COGS + Gross Profit

179000 = (0 + 106500 + 3100 - closing stock) + 107400

179000 = 106500 + 3100 + 107400 - closing stock

179000 = 217000 - closing stock

closing stock = 217000 - 179000

closing stock = 38000

3 0
3 years ago
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