Which of the following describes the reason why scarcity exists? A. Governments make bad economic decisions. B.
Question:
Which of the following describes the reason why scarcity exists?
A. Governments make bad economic decisions.
B. The gap between the rich and the poor is too wide.
C. Wants exceed the resources available to satisfy them.
D. There is too much unemployment.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
C Uses ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Which of the following describes the inflation-unemployment trade off? Question 21 options: a. Monetary policies that expand the money supply and lower interest rates will lower inflation and...
-
Which of the following describes an externality and which does not? Explain the difference. a. A policy of restricted coffee exports in Brazil causes the U.S. price of coffee to risean increase which...
-
Multiple Choice Questions The following questions concern the reasons auditors do audits. Choose the best response. a. Which of the following best describes the reason why an independent auditor...
-
Name four ways to mitigate the incentives for managers to overproduce.
-
A cylindrical 1045 steel bar (Figure 8.20) is subjected to repeated compression-tension stress cycling along its axis. If the load amplitude is 23,000 N, calculate the minimum allowable bar diameter...
-
Garcia Home Improvement Company installs replacement siding, windows, and louvered glass doors for single-family homes and condominium complexes. The company is in the process of preparing its annual...
-
Suppose Frazier Corporation has receivables of \($63,000\), furniture totaling \($198,000\), and cash of \($45,000\). The business has a \($108,000\) note payable and owes \($84,000\) on account. How...
-
Using the information about Noway Jose Communications, Inc., in SE 7, compute the payback period for the piece of equipment. Does this method yield a positive or a negative response to the proposal...
-
In the beginning of October, an investor has a stock portfolio worth $3,460,000. The content of the portfolio replicates very closely that of the Shanghai SE A share index. The investor wants to...
-
Adam has saved C$1,000 and plans to go surfing in Australia next summer. He wont need the money for a year, so he decides to invest it. Adam could invest the money in Canada, where a T-bill will earn...
-
Explain whether the Clean Power Plan has an opportunity cost. Use the following news clip Obama unveils major climate change policy Obamas Clean Power Plan, which will set federal limits on carbon...
-
Which of the following defines economics? Economics is the social science that studies ___________. A. The best way of eliminating scarcity B. The choices made to cope with scarcity, how incentives...
-
How does understanding culture relate to a contingency management style? Can you cite some examples?
-
The following data were gathered to use in reconciling the bank account of Bradford Company: Balance per bank $ 18,050 Balance per company records 10,040 Bank service charges 50 Deposit in transit...
-
A circular coil of wire 8.40 cm in diameter has 18.0 turns and carries a current of 3.20 A The coil is in a region where the magnetic field is 0.650 T. For related problem-solving tips and...
-
Consider the following information: Raw materials inventory, beginning $4,000 Raw materials inventory, ending 3,000. Net Purchases 25,000 Freight out 500% Decrease in Work in Process inventory Wip...
-
What would happen if we breach the conditions of the social licence to operate in Australia. Does this mean to compliance risk? What could be happened when there is a revocation of the organisation's...
-
The income statement is an important financial statement because it provides investors, creditors, and managers with information that helps them predict the amount, timing, and uncertainty of future...
-
What is an income trust? What are the major categories of income trusts? What are real estate investment trusts (REITs)? What are some attractive characteristics of REITs?
-
The following data are supplied for the common stocks of Nikola Corporation, Tesla, Inc. and General Motors: Nikola Corp (NKLA) Tesla Inc. (TSLA) Close Price ($) Close Price ($) 67.53 30.00 40.81...
-
In September, 2006 the overall CPI fell by 0.5 percent but the core CPI edged higher just enough to make inflation a concern. What is the Fed's most likely response to a situation like this one? Will...
-
If the inflation rate rises, what effect will the Fed's decision to not change the federal funds rate have on the U.S. economy? If the economy slips into recession, what effect will the Fed's...
-
Describe and evaluate the k-percent rule for monetary policy. Why does the Fed not follow this rule?
-
Bill Gate Company incurred costs for materials and conversion in the amount of P 45,000 and P 4,860 respectively. As of the same date, the work in process inventory in units of P 6,000 is 40%...
-
In popular culture, the word "chemical" is often used as shorthand for "dangerous chemical" or "man-made chemical". But labeling a chemical as dangerous is highly subjective and misleading. Few...
-
The NH Jones Manufacturing Company produces porcelain figurines. The molding department inspects damaged units when they are 65% complete. Direct materials are added at the end of the process, and...
Study smarter with the SolutionInn App