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Ad libitum [116K]
2 years ago
7

What does economic problem mean?

Business
1 answer:
rusak2 [61]2 years ago
3 0

Answer: An economic problem is basically the problem of choice. Due to scarcity of resources, the problem which arises before an individual consumer also arises collectively before an economy.

Explanation: Yw and pls mark me as brainiest

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A monopolist can sell 26,000 units at a price of $30 per unit. lowering price by $1 raises the quantity demanded by 1,000 units.
Nutka1998 [239]
If he sells the shares at 30 per unit, the equation would be:
30*26000=780000

If he lowers the price to 29 per unit and ups the demand by 1k, it would be:
29*27000=783000

The resulting change would net him an additional 3000 dollars, so your answer would be B.
7 0
3 years ago
The Association of Southeast Asian Nations (ASEAN) effectively united Singapore, Britain, and Japan into one market.
Nezavi [6.7K]

Answer:

False

Explanation:

The Association of Southeast Asian Nations (ASEAN) is a regional economic block made up of 11 southeast Asian countries. The block's primary objectives are to promote economic, cultural, and social integration among the member countries. Members of ASEAN are  Brunei, Burma (Myanmar), Cambodia, Timor-Leste, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, and Vietnam.

Singapore, Britain, and Japan are not members of ASEAN.   ASEAN is a regional body and Britain is not is Asian.

3 0
2 years ago
Document that prohibits sharing information with anyone else?
mamaluj [8]

Answer:

RODO (GDPR) – Rozporządzenie o Ochronie Danych Osobowych.

Explanation:

Celem regulacji jest zapewnienie swobodnego przepływu danych osobowy ch pomiędzy państwami członkowskimi, ale także wprowadzenie zasad, zgodnie z którymi przetwarzanie danych osobowych będzie ujednolicone na terenie cał.ej Unii Europejs..kiej

7 0
2 years ago
What is one way that the government cannot prevent a budget deficit?
Anna007 [38]

Answer:

The answer is Selling Stocks

3 0
2 years ago
Periodic review systems are best suited for the C category of items under the ABC classification scheme.
sveticcg [70]

Answer:

a. True

Explanation:

ABC classification scheme refers to item analysis that is based upon the principle that there are many less critical items and few critical items by dividing on-hand inventory into three classes which is generally based upon annual dollar volume as follows:

"A items" have very tight control and accurate records

"B items" does not have a tight control and good records

"C items" have minimal records, periodic review, and and characterized by simple controls.

From the above explanation, it is therefore <u>true</u> that periodic review systems are best suited for the C category of items under the ABC classification scheme.

7 0
3 years ago
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