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jenyasd209 [6]
2 years ago
8

Because the world is characterized by scarcity, people must choose between different uses for the resources at their disposal. I

n economics, we refer to this as:
Business
1 answer:
jolli1 [7]2 years ago
3 0

Answer:

Allocating Resources

Explanation:This would be really long winded to explain.

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What is the relationship between the alpha level, the size of the critical region, and the risk of a type i error?
quester [9]
Alpha level is a probability value that is used to define the concept of "very unlikely" in a hypothesis. This value determines he boundaries for the critical region, which is composed of the extreme sample values that are very unlikely to be obtained if the null hypothesis is true. Type I error is <span>when a researcher rejects a true null hypothesis.</span>
The relationship between the alpha level, the size of the critical region, and the risk of a type i error is the following: when the alpha level increases, the critical region increases and type I error increases.
4 0
3 years ago
Why would a large crop surplus be a problem for farmers? A. Surpluses are destroyed by the government. B. Surpluses drive down p
Vladimir79 [104]

Answer:

The answer is b. Surpluses drive down prices

Explanation:

If you have a large volume of crops, it would not drive up the price simply because there is not a lot of demand for the crop. In that sense, both c and d (even though d is relevant to the equipment) are incorrect. If there is a lot of surplus, farmers will have to lower their prices in order to sell it. They lose in profit which is why large crop surplus are a problem for farmers.

3 0
3 years ago
What suggestion presented in your textbook for using supporting materials is used in the following speech excerpt? Since it firs
insens350 [35]

Answer:

Explain your statistics.

Explanation:

Considering the situation mentioned in the question that is McDonald’s has sold over 100 billion hamburgers. Since each McDonald’s burger (with the bun) is about 2 inches thick, 100 billion hamburgers stacked on top of each other would reach over 3 million miles¾fifteen times as far as the moon. In this context i would like to present in my textbook Explain your statistics.

4 0
3 years ago
_________ is the incremental cost of wear and tear on an asset.
bogdanovich [222]

The correct answer is DEPRECIATION.

Depreciation is defined as the incremental cost of wear and tear on an asset.

Depreciation is an accounting concept that allows a business or individual to allocate the cost of a capital item over the useful life of the item.

6 0
3 years ago
Read 2 more answers
A rightward shift in aggragate Demand (for US) can be caused by which of the following Increase in consumer waelth, increase in
Rudiy27

Answer:

Option A Increase in consumer wealth

Explanation:

The reason is that when the consumer wealth increases his purchasing power increases which enables him to opt to items which greater in value and also that the person starts satisfying his personal needs and wants which means that the person is spending more and if the person is spending more then the aggregate demand of the product and services will increase. Furthermore the increase in taxes, costs and value of US dollar decreases the demand because it increases the prices of the product and increase in price of the product or services decreases the demand of the product both in the domestic and international market. So the right option is A.

5 0
3 years ago
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