Please select the economic term that is best described by each statement below. There are limited resources to satisfy all of society's wants. recession margins scarcity business cycle trade-off entrepreneurship

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Answer 1

The given 'economic terms' are correctly matched with their descriptions as follows:

1). There are limited resources to satisfy all of society's wants. - Scarcity

2). Comparison of the benefits and costs of engaging in an activity. - Trade-off

'Economy' is characterized as the domain that 'studies the production of goods with limited resources, its distribution across the distinct regions, and its consumption by the individuals.'In the economic context, 'scarcity' is defined as the situation that arises due to the limited available resources for producing goods while having unlimited demand for them. While 'trade-off' stands for the situation in which 'the benefit caused by one good is given up or decreased for buying another good or take its benefits.' Thus, it aims to establish a balance among the benefits, as well as, price of the two. Hence, they would be matched as shown above.

Explanation:

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Related Questions

Assume that your business firm is a price taker and that the company sells widgets at $10 apiece. Your firm is maximizing profits. One of your engineers discovers the presence of a substitute input that enables you to cut your production costs in half. Given that information, answer the following questions:
1. What price will you charge for your widgets following the discovery of the input and its subsequent use in production? Why?
2. Will you decrease output, increase output, or keep output the same? Why?

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What is the difference between SG&A costs and Indirect costs?

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SG&A is an initialism used in accounting to refer to Selling, General and Administrative Expenses, which is a major non-production cost presented in an income statement.

Indirect costs are costs that are not directly accountable to a cost object. Indirect costs may be either fixed or variable. Indirect costs include administration, personnel and security costs. These are those costs which are not directly related to production. Some indirect costs may be overhead.

Why are marketers putting so much emphasis on developing strong brands?

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Beyond just a memorable logo, good branding increases the value of a company, provides employees with direction and motivation, and makes acquiring new customers easier. ... A brand represents the sum of people's perception of a company's customer service, reputation, advertising and logo.

61.
Write 'T' against a true statement and 'F' against a false
Sharing or exchanging information, ideas and experien
means communication.
62.
63.
The process of communication may not always contain am
Feedback is one of the elements of the process of commun
A traffic police showing a stop sign to the public is a proce
64.
65
Oral communication is a form of non-verbal communication

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Which of the following behaviors are generally considered to be professional? Check all of the boxes that apply.

exhibiting respect for people, both personally and professionally

participating in professional organizations and their events

keeping all technical information private

Answers

Answer:

exhibiting respect for people, both personally and professionally

Answer:

A exhibiting respect for people, both personally and professionally

B participating in professional organizations and their

Outline four uses of a marketing plan ​

Answers

Answer:

The marketing plan usually assists in the growth of the business by stating appropriate marketing strategies, such as plans for increasing the customer base. State and review the marketing mix in terms of the 8Ps of marketing Product, Price, Place, Promotion, People, Process, Physical Evidence, and Performance.

marketing means ads

what kind of ads have made you buy a product?

what did those ads do to convince you?

this can include friends telling you to buy something (word of mouth)

PLSSS HELP!!!
What are the three most common incentives for offering health insurance to employees?​

Answers

Answer:

"However, companies may find that it’s in their best interest to provide more coverage than is legally required because this benefit can help attract employees. Companies may also find that healthy employees are more productive. Finally, companies receive a tax benefit for providing insurance. Employers may offer these common types of coverage to employees."

It provides the business a tax advantage

It improves employees' health and increases productivity.

It helps attract and retain high-quality employees

Explanation:

This is coming from the article they linked above the question. I don't got access to see if it is actually correct or not. Good luck on everyones unit quiz lol

The most common incentive for offering health insurance to employees is that it provides the business with a tax advantage.

What are the three most common incentives for offering health insurance to employees?​The most common incentive for offering health insurance to employees is that it reduces employees' health and increases productivity.The most common incentive for offering health insurance to employees is that it provides business tax advantages.The most common incentive for offering health insurance to employees is that it helps attract and retain high-quality employees.

Hence, options A, C, and D are the correct answer.

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____________ occurs through repeated exposures to a TV commercial and produces changes in consumer behavior prior to changes in the consumer's attitude toward the product.

Answers

The answer is “passive learning”.

New technologies create new opportunities and new ?

*services

*means of financing purchases

*products

*markets​

Answers

Answer:

means of financing purchases.

if my answer helps you than mark me as brainliest.

DYI Construction Co. is considering a new inventory system that will cost $750,000. The system is expected to generate positive cash flows over the next four years in the amounts of $350,000 in year one, $325,000 in year two, $150,000 in year three, and $180,000 in year four. DYI's required rate of return is 8%.

Required:
What is the modified internal rate of return of this project?

Answers

The modefied internal rate of return is 35747 of the project

Consumers usually want to shop for milk, meat, vegetables, and fruits at one convenient location. Grocery stores that offer all of these products help to alleviate this: ________

a. discrepancy of quantity
b. accumulation deficit
c. sorting error
d. discrepancy of assortment
e. bulk-breaking

Answers

Answer:

the answer is"accumulation deficit"

reasons for unequal distribution of income in developing countries​

Answers

GlobalizationGender differencesEducationRapid population growthPersonal factors

what are the 5 basic seating arrangements used for small group meetings

Answers

Answer:

Family Style Seating.

Classroom Style Seating.  

U-shape / Horse Shoe Style Seating.

Explanation:

Your company needs to cut costs. As the VP of Operations you have been tasked with cutting a middle management position from one of four areas (A, B, C, D, E) which will increase the span of management for the remaining managers in that area. Each area has four managers. Which area would be the best place to cut a manager

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Area C has the lowest span of management, with 3 subordinates per manager, so it would be the best place to cut a manager.

Your company needs to cut costs. As the VP of Operations, you have been tasked with cutting a middle management position from one of four areas (A, B, C, D, E) which will increase the span of management for the remaining managers in that area.

The best area to cut a manager would be the area with the lowest span of management. This means that the area with the fewest subordinates per manager.

The lower the span of management, the less impact the loss of one manager will have on the overall productivity of the area.

To determine which area has the lowest span of management, we can calculate the span of management for each area.

The span of management is calculated by dividing the number of subordinates by the number of managers. So, for example, if an area has 16 subordinates and 4 managers, the span of management would be 4.

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Do you imagine yourself becoming an entrepreneurship and managing your business in the future?

Answers

Answer:

please mark me brainliest

Explanation:

As a founder of a startup an individual needs to put an innovative idea to implementation by putting together a cohesive team. Entrepreneurs who have an existing family business, become second/ third generation entrepreneurs and take their existing businesses to greater heights.

Answer:

yes

Explanation:

What is the education level of a majority of the Power, Structural, and Technical Systems workers?
associate's degree or vocational school degree
bachelor's degree or apprenticeship bachelor's degree or master's degree master's degree or vocational school degree​

Answers

Answer:

B - bachelor’s degree or apprenticeship

Explanation:

Pls choose brainliest!

Which of the following alternatives to specialization would require continually adding new tasks and challenges as part of the job design?
a. Job enlargement
b. Job specialization
c. Job rotation
d. Horizontal job loading
e. Job enrichment

Answers

e. Job enrichment
(Is the correct answer.)

Can anyone please solve this case?

Answers

Answer:

which case are you talking about ?

Last year, Paula's income was $2,000, and she went to vacation twice. This year, Paula's income increased to $3,000, and she went to vacation five times. Determine the income elasticity using the midpoint formula.

Answers

Answer: 2.14285714286

Explanation:

Here is the equation, which we were able to simplify down to the percentage change in quantity divided by the percentage change in income.

((2-5)/(2+5))/((2000-3000)/(2000+3000))= 2.14285714286

The correct answer is ((2-5)/(2+5))/((2000-3000)/(2000+3000))= 2.14285714286

How do you find the midpoint formula?

To find the midpoint of any range, add the two numbers together and divide by 2. In this instance, 0 + 5 = 5, 5 / 2 = 2.5.

What is the formula for midpoint on a number line?

The Midpoint Formula works exactly the same way. If you need to find the point that is exactly halfway between two given points, just average the x-values and the y-values.

What is the midpoint formula in geometry?

The midpoint formula in coordinate geometry is defined as the formula to find the center point of a straight line, using the coordinates of its endpoints. The midpoint formula is used to find the halfway which is a point that divides the line into two equal parts.

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What are new guidelines issued by GAAP for consolidating entities

Answers

Consolidation Rules Under GAAP

The general rule requires consolidation of financial statements when one company’s ownership interest in a business provides it with A MAJORITY OF the voting power- meaning it controls more then 50% of the voting shares

Team members who have the right set of skills needed to get the job done are demonstrating what ?

Answers

Team members who have the right set of skills needed to get the job done are demonstrating competency.

Competency refers to the ability to get things done. In other words, when someone can do a particular thing/work efficiently, then he/she is demonstrating competency.

Competency is a necessary skill for any person hoping or desirous of working in a company.Moreover, working in teams is one aspect of a business or corporate working environment.And in this aspect, if a person exhibits all the right set of skills that are required to do the job right, he or she is displaying a competent nature. In other words, we can say that the person possesses the ability to get things done in an efficient manner.

Thus, when a person exhibits all the required skills to finish a job, that too efficiently, then that person is said to be demonstrating competency. This means that the person possesses all the necessary skills and expertise that the work or job requires.

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Park Co. is considering an investment that requires immediate payment of $27,215 and provides expected cash inflows of $8,400 annually for four years. Assume Park Co. requires a 8% return on its investments.
a. What is the net present value of this investment?
b. Based on NPV alone, should Park Co. invest?

Answers

Answer:

Um plano contém uma única reta.

Can someone help me please this is only the last question. The subject is Accounting.​

Answers

Explanation:

The answer is A because We paid a creditor 60 by cheque because if we pay by cheque our back reduces and our creditors reduce.

How legislation can lead to the success and failure of a company​

Answers

The principle difference between a personal liability company and a private company is that directors of a personal liability company, as well as previous directors, can be held responsible for the debts of the company. However, the owner of a personal liability company is considered separate from the company.

Assume that a company has a beta of 0.90. The market value of equity is $5,000 and the market value of the company (as determined by its stock price) is $6,000.
What is the company’s unlevered beta?
a. 0.75
b. 0.90
c. 1.00
d. 1.08

Answers

The unlevered beta of the company is 0.75.

The following formula should be used to determine the unlevered beta:

=  Levered beta ÷ (1 + (1 - tax rate) × (Debt  Equity))

= 0.90 ÷ (1 + (1 - 0%) × (($6000 - $5000) ÷ $5000))

= 0.90 ÷ (1 + 0.20)

= 0.90 ÷ 1.20

= 0.75

Therefore we can conclude that The unlevered beta of the company is 0.75.

Thus, all the other options are incorrect.

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Describe one (1) resource you found that provides tips on how to talk about your résumé in a job interview.

Answers

Answer:

Explanation:tôi xứng đáng có mức lương cao hơn

The alphabetical listing below includes all of the adjusted account balances of Battle Creek, Inc. as of December 31, 2018. All account balances are normal
Accounts Payable 4,800
Accounts Receivable 9600
Accumulated Depreciation 3400
Common Stock 2900
Cash 4500
Depreciation Expense 1200
Dividends 1300
Equipment 9500
Income Tax Expense 1500
Income Taxes Payable 1500
Rent Expense 1300
Retained Earnings 3800
Salaries and Wages 7000
Service Revenue 18100
Deferred Revenue 1,400
Required:
a. Prepare the closing entries.
b. Prepare the post-closing trial balance as of December 31, 2018.

Answers

Hi, the question has missing amounts / account balances relating to the following Accounts Prepaid Insurance, Salaries and Wages Expense and Depreciation Expense. However, both the debits and credit totals must add up to $292 as only debits are missing.

Explained and illustrated below is the approach to take on this question.

A trial balance is a list of balances (debit or credit) extracted from ledger accounts.

Adjusted Trial Balance At December 31

                                                   Debits                 Credit

                                                    $000                   $000

Cash                                                  58

Accounts Receivable                         7

Prepaid Insurance (missing)

Equipment                                      120

Accumulated Depreciation                                           8

Accounts Payable                                                          7

Common Stock                                                            116

Retained Earnings                                                        17

Sales Revenue                                                             131

Insurance Expense                           9

Salaries and Wages Expense (missing)

Supplies Expense                           46

Depreciation Expense (missing)

Salaries and Wages Payable           11

Income Tax Expense

Income Tax Payable                                                     13

Totals                                              292                       292

In CengageNOWv2, you may move, re-size, and rearrange panels in those assignments that use multiple panels.
A. True
B. False

Answers

The CengageNOWv2 is an online educational tool that offers more control over time and generates better performance for children.

It is an integrated learning management system that allows you to access your tasks, resources, and grades 24/7.Users may study at their speed with online learning methods or within a timetable given by the instructor.It is used to display the use of several panels that could be moved, resized, and arranged.

That's why the final answer is "Option A".

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The Herfindahl-Hirschman index (also shortened to just the Herfindahl index) is a measure of ____. a. market concentration b. income distribution c. technological progressiveness d. price discrimination e. none of the above

Answers

Answer: A

Explanation: Its the only that makes sense

The Herfindahl-Hirschman index (also shortened to just the Herfindahl index) is a measure of  market concentration . Hence Option A is correct

What is  Herfindahl index ?

The Herfindahl index, sometimes referred to as the Herfindahl-Hirschman Index, HHI, or occasionally the HHI-score, is a way to gauge how competitive an industry is by comparing the size of enterprises inside it.

It is an economic concept that is frequently used in competition law, antitrust, and technology management, and it is named after economists Orris C. Herfindahl and Albert O.

Hirschman. Antitrust regulators have continued to employ HHI, mostly to assess and comprehend how mergers may impact their linked markets.  HHI is determined by squaring the market share of each rival company in the sector, and then adding the resulting values (sometimes limited to the 50 largest).

Market shares are presented as fractions, decimals, or whole numbers (t firms). The outcome is weighted by market share and is proportional to the average market share. Therefore, it has a range of 0 to 1, from a large number of very small businesses to a single monopolistic producer.

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A team has all the following components except:

a. Teams share goals
b. Teams have individual stars
c. Teams have two or more people
d. Teams work together regularly

Answers

The answer is B. No individual stars in teams
B they have individual stars
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