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zvonat [6]
3 years ago
7

Why is scarcity a fundamental problem in economics

Business
1 answer:
KATRIN_1 [288]3 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.

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Obeying the law is what kind of <br> Ethical Behavior
Lapatulllka [165]

Answer:

Basic level

Explanation:

Obeying the law is the basic demand of constitution of any country from its citizens. It is basically following the general rules of being the citizen of country.

Ethical behavior is about being morally right in your actions, it is no where defined properly what is ethical, sometimes even unethical behavior does not count in illegal behavior.

As for example if my colleague asks for a pen, and I do not help him, even though I have extra pen, is unethical behavior but it is not illegal.

But since it is unethical it is not correct morally, although all the legal actions are ethical.

4 0
3 years ago
Describe three types of rewards in financial form<br>​
Arte-miy333 [17]

Answer:Extrinsic rewards: concrete rewards that employee receive. ...

Intrinsic rewards: tend to give personal satisfaction to individual.

Explanation:

4 0
3 years ago
Global market channels involve a firm producing goods in:______
topjm [15]

Answer:

A. Their home country and exporting them to other countries.

Explanation:

A global market channel generally explains the production of commodities by a certain or group of firms and goods by a home country and exporting them to other countries. This is seen generally in the production of phones, laptops, tv brands refrigerators and a whole lot of products amongst tier 1 or tier 2 countries and are been shipped to lowest their countries and other tier countries. This is seen to boost the economy and international trade friendship of either countries though the country at the recieving end is loosing per capital but at the end, we need each other to grow and live.

3 0
4 years ago
Crops can be traded on the futures market before they are harvested. If a poor corn harvest is predicted, prices of corn futures
r-ruslan [8.4K]

Answer: From the comprehension , we can state the following two arguments:

<u><em>(a.) If a poor corn harvest is predicted, prices of corn futures rise.</em></u>

<u><em>(b.) If a bountiful corn harvest is predicted, prices of corn futures fall.</em></u>

Also, it has been predicted that much-needed rain for the corn-growing region will start tomorrow.

Now, if the following is true, then it weakens the above argument:<em><u> Agriculture experts announced today that a disease that has devastated some of the corn crop will spread widely before the end of the growing season.</u></em>

Since, it has already been predicted that it'll rain in requirements with the growth of the crop but if the crops are destroyed before the growing season , then there will be a decrease in cultivation and thus the prices will rise.

<u><em>Therefore, the correct option is (D)</em></u>

8 0
4 years ago
________ is the practice wherein an organization gives another organization the right to use its brand name, technology, or prod
Sliva [168]

Answer: Licensing

Explanation:

A licensing is the term which is used to the refers to the official permission that should be taken from the other organization for manufacturing their products and the services.

The main purpose of the licensing is that the organization can easily run their business by accomplish the the licensing practices which include the qualification, training and the professional experience.

According to the given question, the licensing is one of the practices that one company gives permit or rights to the another company for using their technology and the brand name.  

 Therefore, Licensing is the correct answer.

 

6 0
4 years ago
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