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densk [106]
2 years ago
14

Economic activities that involve the extraction of natural resources, such as lumbering, fishing, mining, and agriculture, are c

alled:.
Business
2 answers:
SSSSS [86.1K]2 years ago
4 0

Answer: primary economic activity

Explanation:economic activity concerned with the direct extraction of natural resources from the environment-such as mining, fishing, lumbering, and especially agriculture.

ASHA 777 [7]2 years ago
3 0
Activities that do that are called adolescent
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Which of the examples provides the best evidence that inflation has occurred? A person whose salary has decreased is able to pur
vladimir2022 [97]

Answer:

A person whose salary has increased is able to purchase fewer goods and services.

Explanation:

Inflation is characterized by an increase in the prices of goods and services along with a reduction in the purchasing power.

Real income of an individual refers to the income which has been adjusted for the effects of inflation. Whereas, Nominal income refers to the income which is before any such adjustment for inflation.

In the given case, the nominal income has increased i.e if we ignore inflation. But while considering inflation, the real income of the individual has reduced evidenced by the fact that the purchasing power has reduced.

7 0
3 years ago
An asset has an average return of 10.94 percent and a standard deviation of 20.98 percent. What range of returns should you expe
valkas [14]

If the standard deviation is 20.98%. The range you should expect to see with a 95 percent probability is: -31.02 percent to +52.9 percent.

<h3>Expected range of return </h3>

Expected range of return = 10.94 percent ± 2(20.98 percent)

Expected range of return =[10.94 percent- 2(20.98 percent)]; [10.94 percent + 2(20.98 percent)]

Expected range of return =(10.94 percent- 41.96 percent); (10.94 percent + 41.96 percent

Expected range of return = -31.02 percent to +52.9 percent

Inconclusion the range of returns is: -31.02 percent to +52.9 percent.

Learn more about expected range of return here:brainly.com/question/25821437

8 0
2 years ago
Expound on the different forms of elasticities of supply
chubhunter [2.5K]

Answer:

The price elasticity of supply is the percentage change in quantity supplied divided by the percentage change in price. Elasticities can be usefully divided into five broad categories: perfectly elastic, elastic, perfectly inelastic, inelastic, and unitary.

Explanation:

8 0
3 years ago
Indicate the effect of each transaction during the month of October 2016 and the balances for the accounting equation after all
Nikolay [14]

Answer:

Test answer

Explanation:

Please delete that answer

5 0
3 years ago
Alpha Company manufactures Product P and sells it in packs of 10 units. The actual results for the first week in January are as
kaheart [24]

Answer:67500

The right solution is "13,675 U".

Explanation:

According to the question,

The standard material cost will be:

= 25000\times (\frac{90000}{30000} )\times 0.90

= 25000\times 30000\times 0.90

= 67,500

The actual material cost will be:

= 95500\times 0.85

= 81,175

hence,

The total material price variance will be:

= Actual \ cost - Standard \ cost

= 81175-67500

= $13,675 (Unfavorable)

3 0
3 years ago
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