1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zvonat [6]
2 years ago
7

Why is scarcity a fundamental problem in economics

Business
1 answer:
KATRIN_1 [288]2 years ago
8 0

Answer:

Scarcity or limited resources, is one of the most basic economic problems we face. We run into scarcity because while resources are limited, we are a society with unlimited wants.

Explanation:

Society would produce, distribute, and consume an infinite amount of everything to satisfy the unlimited wants and needs of humans.

You might be interested in
During 2014 and 2015, Danny pays property taxes of $3,500 each year on a piece of land. During 2014, the land is vacant and unpr
motikmotik

Answer: the answer is C deduct $3500 each year.

Explanation: Whether the land is vacant and unproductive or it is used to generate income. The property tax for the land will be paid yearly

5 0
3 years ago
Financial analysts said they were surprised that despite higher inflation and shrinking profits margins, investors continue pour
kicyunya [14]

Answer:

The correct answer is (E) continued to pour money into the stock market in the belief that the American economy was

Explanation:

Inflation can affect cash flows to a greater or lesser extent, depending on their nature. Thus inflation could affect sales prices more, or costs. The entrepreneur generally fights inflation trying to reduce costs and maintain competitive prices, but he can not against generalized inflation in the economy, and consequently his cash flows could be, in real terms, increasingly lower, by the loss of the power to buy money. In this way, inflation encourages investments with rapid recovery and that require less capital investment.

8 0
3 years ago
A company purchased a delivery van for $23,000 with a salvage value of $3,000 on September 1, Year 1. It has an estimated useful
kaheart [24]

Answer:

<em>It will recognize 1,333.33 Depreciaton expense</em>

<em>for December 31th, year 1</em>

Explanation:

The straight-line Method is simply and easy to understand, It distribute the depreciation equally between years. So that implies that the formula should be:

\frac{Adquisition \: Value- \: Salvage \: Value}{useful \: life}= Depreciation \: coplete \: year

(23,000 - 3,000) / 5 = 20,000 / 5 = 4,000

Now we have to calculate the proportion

4,000 x 4/12 time in company's possesion = 1,333.33 depreciation

September + October + Novemember + December = 4 months

3 0
3 years ago
Where could an identity theft access your personal information?
lisov135 [29]
C is correct answer ......
6 0
4 years ago
The president of a software firm has chosen to implement a differentiation strategy, offering his product in a Software as a Ser
Sunny_sXe [5.5K]

Answer:

d. A 24/7 technical support hotline with a team that is knowledgeable about the product and business goals of the company's customers.

Explanation:

The other software companies are already selling their product as a one off sale at retail stores. The president of the software company wants to sell his product as SaaS (software as a service) where customers will pay monthly subscription.

Customers are going to be paying more to use his product so he needs to get a competitive edge and give value that his competitors are not delivering to the customer.

Setting up a 24/7 customer support line with a team that can help the customer meet their business goals will give his product an edge.

4 0
3 years ago
Other questions:
  • The Food and Drug Administration is targeting salt in processed foods as a health hazard, and some experts believe the agency wi
    14·1 answer
  • At Ava's second birthday, her grandparents wanted to pool their money to buy U.S. Treasury bonds that would ultimately provide $
    7·1 answer
  • Corporation had 200,000 shares of common stock outstanding during the current year. There were also fully vested options for 10,
    6·1 answer
  • Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to require 2.05 feet of leather and
    11·1 answer
  • You just founded a tech startup with an incredible ROI of 100%. That is, each dollar you invest in the firm creates a permanent
    11·1 answer
  • Marco wants to cancel his department store credit card so he threw it away after he paid last month's balance. Was this a good i
    9·1 answer
  • A newspaper report states the following: "On March 2, Bastiaan Vanacker was arrested for indecent exposure"; However, what reall
    9·1 answer
  • A marketing strategy that involves a firm using different marketing mix activities to help consumers perceive the product as bei
    6·1 answer
  • 8.1. In the article the author confirms that a reduction of the budget deficit is imperative. Briefly discuss the possible metho
    5·1 answer
  • Explain the different methods of getting information about foreign employment.​
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!