Which of the following is not one of the basic questions all economies must answer? a. What goods will be produced? b. Who will get the goods and services that are produced? c. How will the level of technology be determined? d. How are goods and services going to be produced

Answers

Answer 1

Option is the best decision (c). The topic of how technology will be measured is not one that all economies must provide a solution to.

Economics, what is it?

Economics is the study of scarcity and its effects on resource use, the creation of commodities and services, the expansion of production and welfare over time, as well as a wide range of other complicated concerns of paramount importance to society.

What are the three fundamental economic queries?

The term "economic system" refers to any process for allocating finite resources. The three main issues that economic systems try to solve are: what will be produced, how will it be produced, and how will society distribute the output it produces. In the answers to these questions, there are two extremes.

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Related Questions

Sara enters into a contract to sell her vacation condo to Ted for a certain price on a specific day. On that day, Sara unconditionally offers to perform. Sara’s offer

Answers

The fact that Sara unconditionally offered to perform according to the contract that she entered into with Ted b. constitutes tender of performance.

What is a tender of performance?

A Tender of Performance is the requirement that a person ought to do as a result of them being in a contract, or the law ordering them to do so.

Sara performed her side of the contract which means that she performed her tender of performance according to the terms of the contract with Ted.

Options for this question include:
a. conditions Ted's promise to pay for the property.

b. constitutes tender of performance.

c. excuses the parties' performance under the contract.

d. suspends the parties' contractual obligations.

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Like a good economist, you calculated the opportunity cost of getting your college degree. Suppose that at your university, you will pay $15,000 each year for tuition, $3,000 each year for textbooks, and $8,000 per year for room and board. Before you left for college, your boss at your high-school job offered you a job paying $25,000 per year.Assume that if you decided not to go to college, your parents would not let you live at home. What is your opportunity cost for four years of college?

Answers

Answer:

Explanation:

Opportunity cost is the cost that a person has to bear if he does not do the next best thing available for him . For joining college , he shall have to forego the benefit of joining high school .

Salary for four years = 4 x 25000 = 1,00,000.00

He shall have to bear tuition fee and for text book .

expenses for tuition fee = 4 x 15000 = 60,000.00

expenses for text book = 3000 x 4 = 12000.00

expenses for room rent and boarding will not be included in the opportunity cost as this expense is not related with joining the college . It is so because he shall have to bear this expense even though he does not join the college as his parents are not paying these expenses .

So total opportunity cost of joining college = 1,00,000.00 + 60,000.00 + 12000.00 = 172000.00

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If a bond is trading at a discount, price volatility is greatest for a bond having
I low interest rates
II high interest rates
III short term maturities
IV long term maturities

Answers

Answer:

21

Explanation:

high number in see vdejf a good time for a call today and

If you were Marshall’s manager how might you increase Marshall’s awareness of the negative impact he is having on his team?

Answers

As Marshall's manager, I would increase his awareness of the negative impact he is having on his team by providing specific and constructive feedback on his behavior and its consequences. This would involve having open and honest conversations with Marshall, highlighting examples of how his actions are affecting team morale, productivity, and collaboration.

In order to effectively address Marshall's negative impact on his team, it is important to approach the situation with clarity and professionalism. By providing specific examples of incidents where Marshall's behavior has caused harm, I can help him understand the direct consequences of his actions. This feedback should be delivered in a constructive manner, focusing on the behaviors rather than attacking his character.

By emphasizing the impact on team dynamics, performance, and overall work environment, Marshall can begin to see the need for change. Additionally, it would be beneficial to discuss alternative approaches and provide guidance on how he can improve his interactions with the team. Ongoing feedback and support from me as his manager can help Marshall recognize the negative impact he is having and encourage him to take steps towards positive change.

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Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual inventory system. During September, these transactions occurred. 9/6 Purchased calculators from Dragoo Co. at a total cost of $1,650, terms n/30. 9/9 Paid freight of $50 on calculators purchased from Dragoo Co. 9/10 Returned calculators to Dragoo Co. for $66 credit because they did not meet specifications. 9/12 Sold calculators costing $520 for $690 to Fryer Book Store, terms n/30. 9/14 Granted credit of $45 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $34. 9/20 Sold calculators costing $570 for $760 to Heasley Card Shop, terms n/30. Instructions: Journalize the September transactions.

Answers

Answer and Explanation:

The journal entries are shown below;

1. Inventory $1,650  

       Accounts Payable $1,650

(To record purchased on account)

2. Inventory $50  

    To Cash $50

(To record freight paid)

3. Accounts Payable $66

    To Inventory $66

(To record the returned calculator)

4. Accounts Receivable $690

       To Sales Revenues $690

(To record sales on the account)

5. Cost of Goods Sold $520  

     To Inventory $520

(To record cost of goods sold)

6.  Sales returns $45  

        To Accounts Receivable $45

(To record the sales return)

7. Inventory $34  

     To Cost of Goods Sold $34

(To record the cost return)

8. Accounts Receivable $760  

     To Sales Revenues $760

(To record the sales on account)

9. Cost of Goods Sold $570  

     To Inventory $570

(To record the cost of goods sold)

Given the information below, calculate the net cash provided from operating activities for Baskin Peter Pty. Ltd.

Receipts from customers $279,247

Payments for property, plant & equipment $42,310

Interest paid $4,231

Proceeds from issue shares $25,836
Payments to supplier and employees $220,013

Repayment of borrowings $53,331

GST paid $16,924

Payments for motor vehicle $37,985

Interest received $6,770

Select one:

$61,773

$44,849

$55,345

$49,080

Answers

To calculate the net cash provided from operating activities, we need to add up the cash inflows from operating activities and subtract the cash outflows from operating activities.

The cash inflows from operating activities are:

Receipts from customers: $279,247

Interest received: $6,770

Total cash inflows from operating activities: $286,017

The cash outflows from operating activities are:

Payments to suppliers and employees: $220,013

GST paid: $16,924

Total cash outflows from operating activities: $236,937

Therefore, the net cash provided from operating activities is:

Net cash provided from operating activities = Cash inflows from operating activities - Cash outflows from operating activities
Net cash provided from operating activities = $286,017 - $236,937
Net cash provided from operating activities = $49,080

Therefore, the net cash provided from operating activities for Baskin Peter Pty. Ltd. is $49,080.

So the answer is D) $49,080.

Select two ways of becoming a business owner. Compare the advantages and disadvantages and decide which of the two you would prefer.

Answers


Two ways of becoming a business owner are starting a business from scratch and buying an existing business.

Starting a business from scratch:
Advantages:

Freedom to make all the decisions about the business.
Ability to create a unique product or service.
No existing debt or liabilities.
Ability to control the company culture and hiring practices.
Flexibility to adjust the business model and pivot when necessary.
Disadvantages:

High risk and uncertainty in the early stages.
Significant time and effort required to establish the business.
Need to build a customer base from scratch.
Difficulty in obtaining financing without a proven track record.
Limited resources and expertise in some areas.
Buying an existing business:
Advantages:

Established customer base, products or services, and brand recognition.
Existing cash flow and revenue stream.
Existing staff and management in place.
Access to existing supplier and customer relationships.
Proven business model and historical financial data.
Disadvantages:

Possibility of inheriting existing debt and liabilities.
Need to adjust to the existing company culture and processes.
Potentially overpaying for the business.
Difficulty in making significant changes to the business model or culture.
Potential hidden problems or issues with the business.

Which type of reinforcement schedule results in the quickest learning

Answers

A continuous reinforcement schedule (CRF) presents the reinforcer after every performance of the desired behavior. This schedule reinforces target behavior every single time it occurs, and is the quickest in teaching a new behavior.

I bad at explaining things but a easy way to learn quicker (for me anyways) is by taking notes and going over them everyday and reading a little ahead then you have to. Also by going at your pace first till you get use to it before you start pushing your self a little harder.

This helps a lot but than again every one is different so I would honestly juts say to go slow at first and work your self up that way it would he a lot easier on you if you want to learn faster

which of the following statement is correct? a. Process group is the same as project phases, b. each process group has a mapped project phase, c. process group are not project phases, d. the monitoring and control process group applies only in the monitoring and control phase

Answers

Answer:

The answer is C

Project groups are NOT project phases.

Wilma sells her house for $600,000 two months after her husband passed away. They had purchased the house in 1952 for $58,000. Assuming they met the requirement for filing jointly, on what amount will Wilma have to pay income tax?

Answers

Wilma can exclude $500,000 of the gain from the sale of the house from her taxable income if she meets the requirements for married filing jointly.

What is the gain on the sale?

The gain on the sale is $600,000 - $58,000 = $542,000. Since her husband passed away within the last two years, she is eligible for the $500,000 exclusion.

This leaves $542,000 - $500,000 = $42,000 as taxable gain. Wilma will have to pay income tax on $42,000. However, the exact amount of tax she will owe depends on the tax rates and other aspects of her financial situation.


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differences between home trade and international trade​

Answers

Home = domestic. Domestic trading is made up of products made within the country’s borders and sold to domestic retailers. International is the opposite

Can someone please check my work before I turn it in??

Can someone please check my work before I turn it in??

Answers

Answer:

that's good enough jus try n make sure u read it

stock price for vinyl record player?

Answers

To give you an idea the stock price, beginner to advanced record player installations can range from $50 to $450, depending on a number of variables.

What is current stock price?It is the latest trading price for a share of stock or any other security. The present price serves as the starting point in an open market. It shows the price that a buyer and seller would be prepared to accept for a later transaction involving that security.The current price is only an indication and not a promise. The future sale price on an exchange is not determined by the present price. The security's price will fluctuate over time as supply and demand factors change.Using the current value accounting method, assets are valued at their replacement cost rather than their initial cost.Cash price is the same as current price because it refers to the most recent quoted price on an exchange.

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A firm plans to introduce a new line of products and solicits the help of its suppliers to aid the design of the products. Which of the following supply management goals does this scenario illustrate?
a. Accessing technology and innovation
b. Sourcing
c. supply chain resilience

Answers

Accessing technology and innovation are supply management goals in this scenario when a firm plans to introduce a new line of products and solicits the help of its suppliers to aid the design of the products.so option a is correct.

By way of illustration, what is supply management?

Supply chain management is the process of coordinating the various processes necessary to produce and provide clients with goods and services. Supply chain activities include, among others, designing, farming, manufacturing, packaging, and transportation. Supply management is the process of locating, procuring, and overseeing the suppliers and resources that are crucial to a company's operations. One aspect of supply management, which is frequently called procurement, is buying the material items, information, services, and other resources required for a business to operate and grow.

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A bowling alley costs ​$490 comma 000490,000 and has an estimated life of 1010 years ​(SV10equals=​$35 comma 00035,000​). a. Determine the

Answers

Answer:y costs ​$d life of 1010 years ​(SV10equals=​$35 comma 00035,000​). a. D490 comma 000490,000 and has a

wling alley costs ​$490 comma 000490,000 and has an estimated life of 1010 years ​(SV10equals=​

Explanation:etermine the

wling alley costs ​$490 comma 000490,000 and has an estimated life of 1010 years ​(SV10equals=​$35 comma 00035,000​). a. Determine t

f) In a financial crisis, would it be preferable for the government to stabilise the economy using fiscal or monetary policy?

Answers

In a financial crisis, both fiscal and monetary policies can be used to stabilize the economy, but their effectiveness and appropriateness may vary depending on the specific circumstances and goals of policymakers.

Fiscal policy refers to the use of government spending and taxation to influence the economy. In a financial crisis, the government can implement expansionary fiscal policies, such as increasing government spending or reducing taxes, to stimulate economic activity.

This can help boost consumer and business spending, create jobs, and restore confidence in the economy.

Fiscal policy can also be targeted to provide direct assistance to industries or sectors that are most affected by the crisis, such as providing financial support to struggling businesses or implementing social safety net programs to support individuals and families in need.

Monetary policy, on the other hand, is conducted by central banks and involves the manipulation of interest rates and the money supply to influence economic activity.

In a financial crisis, central banks can employ expansionary monetary policies, such as lowering interest rates or implementing quantitative easing measures, to encourage borrowing and investment, stimulate lending by financial institutions, and provide liquidity to the markets.

These actions aim to promote economic growth, stabilize financial markets, and restore confidence among investors and businesses.

The preference for fiscal or monetary policy in a financial crisis depends on several factors, including the nature and severity of the crisis, the policy tools available, and the economic conditions.

In general, fiscal policy may be more effective in addressing structural issues or long-term challenges, as it can directly target specific sectors or provide substantial stimulus to the economy. Monetary policy, on the other hand, can act more swiftly and is often used to address short-term fluctuations or liquidity issues in financial markets.

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Some costs that possibly could be traced directly to cost objects are nonetheless classified as indirect costs because:

Answers

Answer:

A. such costs cannot be traced to objects in a cost-effective manner

Explanation:

In the case when some cost that could be traced to cost objective are categorized as the indirect cost as such cost could not be traced with regard to the object on the cost effective as it might be possible to trace the cost but it might not be worth

So in this case it should be categorized as the indirect cost and the same is allocated to the cost object

What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions

Answers

Answer:

Option B; Creating face-to-face interviews

Explanation:

Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.

Emma is the team lead at a data analytics firm. She believes in encouraging her team members to fulfill their job responsibilities by rewarding them when they achieve their goals and punishing them when they don’t. Based on her leadership style, her team consistently meets company expectations. Based on the scenario, is Emma exhibiting transformational leadership? If you think she is, explain why by including and describing two specific types of transformational behavior based on the scenario. If not, explain how she can exhibit transformational leadership by including and describing two specific types of transformational behavior.

Answers

Answer:

Emma is not exhibiting transformational leadership style

Explanation:

As per the scenario mentioned in the question, it is noted that Emma is not exhibiting transformational leadership style instead this is an example of transactional leadership style.

In order to exhibit transformational leadership, Emma will need to motivate and encourage her employees to accomplish and adapt to change that help grow and achieve future success of the organisation. This can be done by setting an example at her level through developing a strong sense of corporate culture, independence and employee ownership in the workplace.

Another behaviour she could exhibit is by avoiding micromanagement. Instead she should train her employees to make decision on their own and take responsibility of their work. This way employees will have space to think creatively and will work to find solutions to the problems faced by them in their workplace.

Maria works for a startup tech company as an accountant. Her supervisor needs to know how much money is being spent on computers and software to prepare the company budget for the following year. The supervisor asks Maria to research and share this information with the team. Which type of document is best suited for Maria to share her research?

Answers

The best type of document for Maria to share her research on the amount of money spent on computers and software would be a financial report.

A financial report is a document that provides an overview of a company's financial performance and includes information on its expenses, revenues, and profits. It is a comprehensive document that provides an in-depth analysis of the company's financial health, and it is commonly used to inform decision-making and planning. In this case, Maria can create a financial report that details the amount of money spent on computers and software over a specific period. She can include a breakdown of the expenses, such as the cost of hardware, software licenses, maintenance, and upgrades. Additionally, Maria can provide a comparison of the expenses from previous years, and she can explain any significant changes in the cost of these items. A financial report will enable Maria's supervisor to make informed decisions about the company's budget for the following year. The report will provide insights into the company's financial health and help identify areas where cost savings can be made. Ultimately, the financial report will be a valuable tool for the entire team in making strategic decisions about the company's finances.

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To help audiences understand large amounts of information, which visuals are the most suitable?

Answers

different between isoquant and isocost

can banks create money?

Answers

Answer:

yes

Explanation:

most of the money in our economy is created by banks in the form of banks deposits - eg the numbers that appear in your account. Banks create new money whenever they make loans

Last year Electric Autos had sales of $100 million and assets at the start of the year of $150 million. If its return on start-of-year assets was 15%, what was its operating profit margin?

Answers

Answer:

22.50%

Explanation:

Amount of return on asset = Rate of return * Asset value

Amount of return on asset = 15% * $150 million

Amount of return on asset = $22.5 million

Operating profit margin = Amount of return on asset / Sales

Operating profit margin = $22.5 million / $100 million

Operating profit margin = 0.225

Operating profit margin = 22.50%

Which is NOT an expense account?

Answers

Answer:

Interest is found in the income statement, but can also is the most common non-operating expense

Example

Examples of expense accounts are Costs of Sales, Cost of Goods Sold, Costs of services, Operating expense, Finance Expenses, Non-operating expenses, Prepaid expenses, Accrued expenses and many others.
Which is NOT an expense account?

True or false: Explain why the following statements are true or false: (LO1, L04)
a. The economic maxim "There's no cash on the table" means that there are
never any unexploited economic oppo unities.
b. Firms in competitive environments make no accounting profit when the
market is in long-run equilibrium.
c. Firms that can introduce cost-saving innovations can make an economic
profit in the short run.

Answers

a) It is False. The correct maxim is that there are no unexploited economic opportunities when the market is in long-run equilibrium.

b) It is FALSE. Firms in long-run equilibrium have to make an accounting profit in order to cover the opportunity cost of resources supplied by their owners.

c) This is TRUE. Firms that can develop cost-cutting technologies can generate short-term economic profit. These companies can make money until other companies implement their inventions. The industry supply curve will move downward as the innovations proliferate, causing the market price of the item to decline and undermining the short-term economic profit.

What is opportunity cost?

The opportunity cost of a certain activity in microeconomic theory is the value or gain given up by engaging in that activity in comparison to engaging in an alternative activity.

Simply put, if you choose one activity, you forfeit the potential to choose another.

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Sales 101 teaches you to: Always just answer the question the customer has Never try to get more information about what the customer needs Always answer a question with another question Never look the customer in the eye

Answers

Answer:

I think it's A) Always just answer the question the customer has.

Explanation:

I know it's not D) "Never look the customer in the eye."

I don't think it's C) "Always answer a question with another question" that just seems like it would be confusing for the customer.

And I don't think it's B) "Never try to get more information about what the customer needs" because part of you're job as a salesman is find out what the customer needs.

So that leaves answer choice A

Which of the following matches the appropriate customer strategy with the customer’s strategic importance?

a. "A" Customer; Service Strategy
b. "B" Customer; Satisfaction Strategy
c. "C" Customer; Satisfaction Strategy
d. "A" Customer; Satisfaction Success
e. "B" Customer; Success Strategy
f. "C" Customer; Success Strategy

Answers

The statement that matches  the appropriate customer strategy with the customer’s strategic importance is: "B" Customer; Satisfaction Strategy.

What is customer strategy?

Customer strategy can be defined as the process of planning so as to achieve a set goals and objectives a company has for their target customers.

Customer satisfaction strategy is important as it enables companies or organization to satisfy their customers  based on the review or feedback they get  from their customers.

Inconclusion the statement that matches  the appropriate customer strategy with the customer’s strategic importance is: "B" Customer; Satisfaction Strategy.

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Cash collected from members of the society by cashier​

Answers

Answer:

Cash collected from members of a society by a cashier can refer to the money collected by a person who is responsible for receiving and recording payments from the members of a society or organization. This could include payments for membership fees, dues, event registrations, donations, or any other financial contributions that members are required or willing to make.

The role of a cashier in a society or organization typically involves collecting cash or checks from members, issuing receipts or acknowledgments, and recording the transactions in financial records or accounting systems. The cashier is responsible for ensuring that all payments are properly accounted for, recorded, and deposited into the appropriate accounts.

Explanation:

It is important for the cashier to handle the cash collection process with integrity, transparency, and accuracy. This includes maintaining proper documentation and controls to ensure that all cash collections are accounted for and that there is no mishandling or misappropriation of funds. Proper management of cash collections is essential for maintaining the financial health and stability of a society or organization.

(Just need some ideas and inspiration) What do you consider the most important challenge that will face people in the United States in the years ahead?

Answers

Food security, hunger, poverty, population growth, pollution, heatwaves, droughts, and climate change are all interconnected.

What is Food security?

Food security refers to the availability of food in a nation and the capacity of its citizens to obtain, afford, and procure enough food.

The United Nations Committee on World Food Security defines food security as everyone having constant physical, social, and economic access to enough, safe, and nourishing food that satisfies their dietary needs and food preferences for an active and healthy life.

Another aspect of food security is the accessibility of food regardless of class, gender, or area.

Food security was a problem many thousands of years ago, as shown by the fact that central governments in ancient China and ancient Egypt were known to release food from storage during famines.

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1. Assume two countries (Portugal & Britain) each produce wine and cloth. Given the following details with respect to resources required to produce each good in each country, answer the following questions. b. a. What is the opportunity cost of producing each good in each country? (4 Points) Draw the Production Possibilities Frontier for each country assuming no trade and 500,000 labor hours (use wine as the x-good). (10 Points) Provide an interpretation of the slope of the PPF in this example (8 Points) If these countries engaged in international trade, in what range would the relative prices have to be to ensure mutually beneficial trade, and which good would each country specialize in? (10 Points) e. Assuming the relative price with trade of wine is 0.67 cloth and the relative price of cloth is 1.48 wine, calculate the gains from trade and show on the PPFs the expanded consumption choices for each country. (16 Points) c. d. Country Production (1 Hour of Labor Time) Cloth Wine Portugal 2.85 Britain 3.4 5.3 4.2​

Answers

a. The opportunity cost of producing wine in Portugal is 0.35 units of cloth, and the opportunity cost of producing cloth in Portugal is 2.85 units of wine.

b. The slope of the PPF represents the opportunity cost of producing one good in terms of the other. In this case, the slope of Portugal's PPF is -0.35, and the slope of Britain's PPF is -0.71.

c. If these countries engaged in international trade, the relative prices of wine and cloth would have to be within the range of Portugal's opportunity cost of producing wine (0.35 units of cloth) and Britain's opportunity cost of producing wine (0.71 units of cloth).

d. Assuming the relative price with trade of wine is 0.67 cloth and the relative price of cloth is 1.48 wine, then Portugal would specialize in producing wine and Britain would specialize in producing cloth. Portugal would export wine and import cloth, and Britain would export cloth and import wine.

How to explain the information

If the relative price of wine were below 0.35 units of cloth, then Portugal would be able to produce wine more cheaply than Britain, and it would not be in Portugal's interest to trade. If the relative price of wine were above 0.71 units of cloth, then Britain would be able to produce wine more cheaply than Portugal, and it would not be in Britain's interest to trade.

The gains from trade are the increase in consumption that countries experience after they specialize and trade. In this case, the gains from trade are represented by the shaded area in the graph. The gains from trade are a result of the increased efficiency that is possible when countries specialize in the production of goods that they have a comparative advantage in.

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