economics is the study of how limited resources are used to satisfy human wants. economists look at the causes and effects of the choices people make. list 3 decisions that you have made in the last 24 hours.

Answers

Answer 1

Answer:

whether I should buy 1killo of orange or 2killo banana

Answer 2

A fundamental law of nature states that the quantities of labor, capital, land, and entrepreneurial resources that can be employed to produce products and services are finite. It implies that there are a finite number of resources available to the economy at any given time to produce products and services.

What three problems must an economic system solve?

It's possible to question and remove unsourced material. The three basic economic questions that must be addressed and resolved by economic systems as a sort of social system are: "How much and which alternative commodities and services shall be created?" and "What kinds and amounts of goods shall be produced." How should products be made?

Limitations on resources and insatiable human desire are the root causes of all economic issues. It develops as a result of a lack of resources that can be used in other ways. Each community must make choices about how to use its limited resources. In general, resource allocation is the main issue in an economy.

Thus, The amount of labor, money, land and entrepreneurial resources that can be used to create goods and services is limited, according to a fundamental rule of nature.

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Related Questions

what is the penalty for filing taxes late if you are owed a refund

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Answer:

There is no penalty for filing after the deadline if a refund is due.

what is the primary cause of failure for strategic initiatives?

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Strategic initiatives are the ways through which a company translates its goals, objectives and visions into practice.

Raising of brand awareness, Launch of customer-facing retail outlets, Establishment of online channel for sales of products are examples of Strategic initiatives in a company.

The major reason for failure of strategic initiatives is the inability of decision-makers in a company to understand the relevance and how to measure progress.

Therefore, the primary cause of failure for strategic initiatives is ignorance about monitoring of progress.

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Answer:

Improper execution

Explanation:

general mills has a variety of brands in its snacks category, including chex, nature valley, fiber one, and cascadian farm. this represents a

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Answer:don't cheat in this class I will tell ur professor in Bemidji about u

Explanation:

during her recent performance appraisal, veasna learned that her manager thinks she has a good attitude and emerging leadership potential. veasna’s manager seems to be using a _____ appraisal.

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An appraisal is used to evaluate an employee's performance on the job. The performance appraisal type that was used when Veasna learned that her manager thinks she has a good attitude and emerging leadership potential is;

360-degree

360-degree performance appraisal is the type where employees who are subjected to performance appraisal are given feedback by the person who performed the appraisal.

We see this in the case of Veasna who received positive feedback from her manager. She can then feel encouraged and work harder.

Summarily, the 360-degree performance appraisal was used for Veasna.

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What is an accountant
what do they do for a living

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Answer:

An accountant is a professional who is responsible for keeping and interpreting financial records. Most accountants are responsible for a wide range of finance-related tasks, either for individual clients or for larger businesses and organizations employing them

Explanation:

Which of the following is the best example of a new business that you would see in the economy today?
Multiple Choice
A - Glass manufacturing plant
B -Smartphone production facility
C - Oil refinery
D -Grocery store
E-Subscription-based meal-kit service

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Out of all the given options, there is one business that stands out as something most people might not have even heard of.

This unique and novel business is E. Subscription-based meal-kit service.

Glass manufacturing, oil refinery, grocery store businesses have been operating for the longest time. Smartphone production has also existed for 30 years now.

For the past few years, with the rise of tech industries and tech jobs, urbanites are finding it hard to cook meals and had started eating out or dining at restaurants more often.

Seeing this as an opportunity to serve busy people home-cooked meals, many chefs and food businesses have started something called a cloud kitchen where you simply pay a one-time subscription to get a whole week or even a month's meals.  

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Yasmine’s boss is very unpredictable. Somedays he is completely open to new ideas and encourages everyone to participate. Other times, he completely shuts down and yells at anyone who tries to offer any new ideas. Which part of Goldberg’s OCEAN model does this BEST demonstrate?

A.
neuroticism

B.
conscientiousness

C.
extroversion

D.
agreeableness

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The part of Goldberg’s OCEAN model does this best demonstrate this personality trait is Agreeableness

Agreeableness is a type of personality trait that includes attributes such as trust, altruism, kindness, etc.

Individuals who are high in agreeableness tend to be more cooperative with other people and when they are low in this trait, they become more competitive, rude, do not care about how other people feel, insults and belittles others etc.

Agreeableness personality attributes are trustworthiness, kindness and when people with this trait are in their low state, they tend to be rude and harsh.

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the price elasticity of demand of a straight-line demand curve is

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Explanation:

Elasticity along a straight line demand curve varies from zero at the quantity axis to infinity at the price axis

what is the cost allocation method called that is used for natural resources?

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Answer:

The process of allocating the cost of plant and equipment over the periods they are used to produce revenues is known as depreciation. For natural resources, this process is called depletion, and for intangible assets it is called amortization.

Explanation:

what is one primary difference between determining cost of goods sold with a periodic system rather than a perpetual system?

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Answer: With a periodic system, cost of goods sold is calculated only once at the end of the period. In contrast, with a perpetual system, cost of goods sold is recorded each time a sale is made.

Explanation:

Your job pays you $1600per month all taxes combined reduce your pay by 25% your current expenses are $1200 per month you want to join a health club for $75 per month can you afford it

Answers

Answer:

1600 - 25% of 1600 = 1600 - 0.25*1600 = 1200

So after you take 25% of 1600 away from 1600, you're left with 1200

So you are *really* paid $1,200 a month (instead of $1,600 a month) after you take out all taxes.

 

Your expenses are $1,200, so you will have 1200 - 1200 = 0 dollars left over

So you CANNOT afford the health club or any additional expenses. This is assuming you don't rely on a credit card or other forms of loans.

Explanation:

to find the total bond value, add the present value of the amount paid at maturity to the _____ of the annual coupon payments.

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Annuity present value.

Hope this helps!

which u.s. currency bill was the largest ever printed for public use?

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Answer:

The $10,000

Explanation:

"The $10,000 bill was the largest-ever printed denomination for the public, making its first appearance in 1918. The face of Salmon P. Chase, Abraham Lincoln's Secretary of the Treasury and Chief Justice of the Supreme Court, graced the front of this large bill."

The $10,000 bill was the largest-ever printed denomination for the public, making its first appearance in 1918. The face of Salmon P. Chase, Abraham Lincoln's Secretary of the Treasury and Chief Justice of the Supreme Court, graced the front of this large bill.

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8. One of Hope's coworkers quits, and during the next pay period Hope works 60 hours instead of 40 to help cover
the shifts. Which of Hope's deductions will definitely change as a result?
a. Her Federal tax
b. Her health
C. Her dental
d. Her retirement

Answers

Answer:

A

Explanation:

The aspect of Hope's deductions that will definitely change as a result is Her Federal tax

Federal income taxes are simply known to be collected by the federal government to pay their bills

State taxes are often collected by individual state governments to pay their specific state bills.

Income tax are simply regarded as Taxes on income, both earned in salaries, wages, tips, commissions and also those unearned in form of interest and dividends.

Conclusively, Income taxes can be levied on both individuals and businesses.

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a company that allows you to license software monthly to use online is called

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Answer:

marketable service product

Explanation:

A company that allows you to license software monthly to use online is an example of. ... A company that allows you to license monthly to use online is an example of what these companies consider to be a “marketable service” product.

what did the memo entitled , "fatalities associated with crash induced fuel leakage and fires" analyze?

Answers

Answer:

The cost-benefit analysis of producing the Pinto as is or changing its design/components.

Explanation:

In a bid to match the cost effective nature of Japanese cars, Ford decided to produce the Pinto and promised to do so within a certain timeline. This shorter timeline made designing the Pinto harder and led to it having a flaw that made it a fire hazard if it was hit from behind.

Ford could have modified the design or produced it as it was. In order to make this decision, they relied on cost-benefit analysis to tell them the cost of paying for settlements resulting from Pinto crashes vs the cost of improving the car. The memo that showed this was "Fatalities Associated with Crash Induced Fuel Leakage and Fires".

the executives of great lakes medical center are writing a statement that explains their organization’s core purpose. great lakes medical center is at the strategic formulation step in strategic management.

Answers

Your organization's core purpose statement is a step of Strategic Objectives and Analysis. So the statement presented is False

Strategic management is a term to refers to the process of building a company. In it, all the necessary aspects such as objectives, the public, the market, the mission, among others, are analyzed. This process is generally divided into several steps. Each of the steps is explained below:

Strategic objectives and analysis: In this stage, all the external and internal analysis of the company is carried out to establish its principles.Strategic formulation: In this stage, the goals and objectives of the company are established based on the analysis of the previous stage.Strategic implementation: In this stage, everything that was planned in the previous stages begins.Evaluation and Strategic Control: In this stage, the operation and planning are evaluated and corrections are proposed to improve the weak aspects of the company

According to the above, Great Lakes Medical Center executives who are writing a document to explain the central purpose of their organization are in the Strategic Objectives and Analysis stage. So the correct answer is False.

Complete question:

The executives of great lakes medical center are writing a statement that explains their organization’s core purpose. Great lakes medical center is at the strategic formulation step in strategic management.

True

False

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when would sunk costs be irrelevant for current decision making?

Answers

Sunk cost are always irrelevant when making current decisions.

Sunk cost is the cost that has already been incurred and cannot be recovered. Sunk cost should not be considered when making future economic decisions.

An example of sunk cost: A farmer buys a piece of land for $100,000. He plants on the land. Years later, the land becomes infertile. The farmer is considering selling the land. In this question, the cost of the land is sunk cost. The sunk cost is $100,000. The farmer should not consider this cost when determining if to sell the land or not.

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Using the amount of his current paycheck, Miguel created a series of financial goals and strategies. Which type of financial risk might this cause for him in the future?
✅income risk
- interest rate risk
- personal risk
- inflation risk

Answers

The Inflation risk is the financial risk might affect Miguel in the future.

The financial risk are risk that pose the possibility of losing one's money on an investment or business venture.

Here, it is obvious Miguel financial goals and strategies may involve investment with his Current paycheck say $1,000,000.

If he invest in a Money market now which pays 10%, Inflation will cause the purchasing power of the amount e invested to reduce in the future.

Thus, the Inflation risk, also called purchasing power risk is the financial risk that might affect Miguel financial goals and strategies.

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does doja cat deserve her fame? what do you think?

Answers

yes she’s a talented queen
yeah shes good and i feel like she’s very creative

when the government redistributes income from the wealthy to the poor,

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In a Robin Hood effect, income is redistributed so that economic inequality is reduced. For example, a government that collects higher taxes from the rich and lower or no taxes from the poor, and then uses that tax revenue to provide services for the poor, creates a Robin Hood effect.

you are the ceo of internet provider commcore communications. it has come to your attention that a school district nearby your headquarters is underpreforming academically and has unmet needa. the district superintendent is seeking help from local companies. You have called a meeting of the board of directors to discuss a llan to addist the school. breifly describe your plan to help.​

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I will try providing the best and latest robotics and gadgets to the school for better studying. You can elaborate it..

Cho started out with one small cupcake shop. Her business has grown so much that she now has two other shops across town. Cho has found that having three locations has greatly increased her production levels. She also notices that the price she pays for supplies (flour, butter, sugar, and packaging materials) has gone down considerably since she can now buy these items in bulk quantities. This exemplifies the principle known as

Answers

Answer:economies of scale

Explanation:

in markets, prices move toward equilibrium because of

Answers

Answer:

"The market price moves toward equilibrium because of the actions of the buyers and sellers in the market. Suppose there is a surplus in the market which means that supply is more than the demand. ... Similarly, when there is a shortage and price increase and a new equilibrium is achieved."

Explanation:

please help me asap!

Answers

Answer:

1.Different customers

Answer:

Same Customers

Explanation:

Their product is slightly different but still is pretty much is trying to satisfy the same needs that targets the same type of customers.

What are the key factors to consider when selecting a payment app?

Answers

Answer:

With that in mind, there are numerous things to think about when selecting one for your needs.

Proper Credit Card Encryption. ...

Ability to Easily Handle Sales, Plus Process Returns. ...

A Report-Generating Feature. ...

Capability to Create Digital Receipts.

Explanation:

true or false? checks are documented individually on a deposit slip.

Answers

Answer:

i believe that it is true

Explanation:

zoe, a department manager at furniture square, is considering whether to use a group to develop a plan to incentivize employees to sell extended warranties and auxiliary services. zoe should consider having the group make this decision if:

Answers

Considering the situation above, Zoe should consider having the group make this decision if: "It will increase acceptance of the plan."

This is because the main goal of Zoe is to sell extended warranties and auxiliary services.

As a manager, Zoe could create the plan by himself and let the group come in later to execute it.

However, the main goal is to make a plan but to sell extended warranties and auxiliary services.

Hence, Zoe should consider having the group make this decision if "It will increase acceptance of the plan."

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for economics students: does anyone have an example of a demand and supply curve diagram for the labour force that is suitably labeled? thanksss :))

Answers

You can refer to the attachment!!

employees make greater use of their skills and enjoy more opportunities for professional development in a organization.

Answers

In a decentralized organisation, employee uses more of their skills and enjoy professional development as well.

Decentralized organization is a type of organizational structure where most decisions-making are made by mid or lower level managers.

Under a decentralized organizational structure, the senior management delegates majority of decision making to lower levels in the organization.

In conclusion, employees who works under a decentralized organisation viii make greater use of their skills. Development of professional career will be enjoyed because more freedom are given to them at the workplace.

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