Answer:
The correct answer would be A, An Insurance Agent.
Explanation:
An Insurance agent is an agent who helps people choose the right insurance policy and sets up their policies. Insurance Agent can be an independent person selling Insurance policies for commission or can be an employee of the insurer company. This person acts as an agent and help people in deciding which policy to choose according to their needs and wants. He also sets up their policies. For example, if a person is married and has children, the insurance agent may ask him to choose the education insurance for his children. He may also ask him to pick the life insurance policy to get him family secured after his demise. So an insurance agent not only helps people choose their policies but also helps them set up.
Answer:
A
Explanation:
The costumer believes that the product is better quality.
Demographic trend is caused by changes in the characteristics of a population. This term is defined by the study called demography, which studies the growth, structure, and movement of human populations. Demographic trend is used to denote a measurable change in the characteristics of a population over time.
Answer:
Scarcity of resources
Explanation:
Opportunity cost is an economic term that refers to the forgone benefits that arise from the decision-making process. The value of opportunity cost is the missed benefit of the next best alternative.
Opportunity cost occurs due to the scarcity of resources. The needs of society are limitless, and producers have to make attempts to satisfy those needs with limited resources. Authorities have to allocate resources and distribute them to meet different needs in the community. As resources are scarce, decisions have to be made on what order to follow when allocating them. Priorities are determined, which causes particular options to be preferred, leading to opportunity cost.
b. equitable distribution of resources
c. best utilization of scarce resources
d. creation of financial markets
Answer:
c. best utilization of scarce resources
Explanation:
Economics is the study of how society uses its scarce resources to meet the insatiable needs of its members. Resources are the inputs that a county uses to produce goods and services. They are the four factors of production.
Human needs are unlimited and cannot be satisfied with the available scarce resources, necessitating human beings to make choices. Economics will involve analyzing production decisions amidst limited resources. It also analyses how the goods produced are distributed to satisfy the different needs and wants of its members.
Economics primarily studies the best utilization of scarce resources. It primarily focuses on how individuals, organizations and governments allocate these scarce resources to satisfy their wants and needs.
The activity economics primarily studies is c. best utilization of scarce resources. Economics is the science that studies the production, distribution, and consumption of goods and services. It primarily focuses on how individuals, organizations and governments allocate scarce resources to satisfy their wants and needs. It involves decisions about what to produce, how to produce it and who gets the produced goods or services.
While equitable distribution of resources and creation of financial markets are still part of economics, the best utilization of scarce resources tops the center stage. Accounting or keeping a record of total resources is more related to the financial part of economics but not the core principle.
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Answer: Deposition
I took the test and the correct answer is deposition
Answer:
deposition
Explanation:
i took test