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2 years ago

The BEST explanation of why there will always be scarcity is because

2 answers:

6 0

Based on the given options, the most likely is answer is "D) while peoples' wants are unlimited, resources are limited." Scarcity exists because of people's uncountable desires. Thank you for your question. Please don't hesitate to ask in Brainly your queries.

Zepler [3.9K]2 years ago

3 0

D) While peoples' wants are unlimited, resources are limited.

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Which of the following describes the effect of the business cycle on the inflation rate and the unemployment rate? A. The unempl

Pani-rosa [81]

Answer:

The correct answer are option D for both questions.

Explanation:

Recessions is characterized with decrease in consumer and investment spending. During recessions there is a decline in inflation rate and the unemployment rate increases.

While during expansion, there is a boost in economy. So, with increase in investment and production, the unemployment rate falls. There is a rise in inflation rate as well.

Though even in the stages of recovery, the unemployment rate continues to increase because some firms are pessimistic and are operating below their capacity. Also, the rate of growth of labor force is higher than rate of employment growth, which leads to increase in unemployment.

7 0

2 years ago

Read 2 more answers

The Acmeville Metropolitan Bus Service currently charges $0.88 for an all-day ticket and is used by an average of 513 riders a d

ki77a [65]

Answer:

Price elasticity of demand = Change in Quantity/ Change in Price

Using midpoint formula;

Change in Quantity ;

$= \frac{Q2 - Q1}{\frac{Q1 + Q2}{2} } \\\\= \frac{363 - 513}{\frac{513 + 363}{2} }\\\\= -0.342$

Change in Price;

$= \frac{P2 - P1}{\frac{P1 + P2}{2} } \\\\= \frac{0.99 - 0.88}{\frac{0.99 + 0.88}{2} }\\\\= 0.118$

Price elasticity of demand = -0.342/0.118

= -2.90

Demand is elastic, so decreasing ticket prices will increase revenue.

When the elasticity is larger than 1 it means that a 1% change in price will change demand by more than 1%. In this case, a a decrease of price by 1% will bring 2.9% increase in customers.

6 0

1 year ago

According to Laudon and Laudon, which of the following is the most complete technical definition of an "organization"? Group of

dangina [55]

Answer:

Stable, formal social structure that takes resources from the environment and processes them to produce outputs

Explanation:

The technical definition of an "organization", according to Laudon and Laudon, focused on three elements of an organization which are stable, formal and social structures.

In terms of longevity and routineness, an organization is more stable than an informal group. Organizations are formal legal entities with internal rules and procedures that must abide by laws. Organizations are also social structures because they are a collection of social elements.

7 0

1 year ago

A Japanese company has a bond outstanding that sells for 105.43 percent of its ¥100,000 par value. The bond has a coupon rate of

krok68 [10]

Answer:

The correct answer is 2.98% (approx.).

Explanation:

According to the scenario, the computation for the given data are as follows:

First we calculate the current value:

Current value (CV) = 100,000 × 105.43%

= 105,430

Now, Annual coupon (AC) = 100,000 × 3.4%