An example of a shortage is limited amounts ofa. water available for irrigating a crop because it is used for other crops.
b. labor available because the workers have other jobs.
c. food available because the trucks carrying it are on strike.
d. food available because few people want to buy it.
Answers
Answer:
1.Economics is the social science dedicated to the study of
answer: how scarce resources are allocated by different economic systems
2.The following statement is from New York City's Parking Regulations page:
"All of New York City is a designated Tow Away Zone under the State's Vehicle and Traffic Law. This means that any vehicle parked or operated illegally, or with missing or expired registration or inspection stickers, may be towed."
Based off this statement, what economic concept best explains why most New Yorkers park correctly?
answer: People respond to incentives in a predictable manner. New Yorkers will park legally to prevent their cars from being towed.
3. Which of the following reasons for starting a store is most closely related to an entrepreneur's motivation for innovation?
answer: A computer programmer creates a new computer game that uses new technology to help children with speech impediments.
4.The next best alternative given up when individuals, businesses, and governments confront scarcity by making choices is known as ___.
answer: opportunity cost
5. Bob owns a glass manufacturing company. His factories contain machines that heat sand up to 2300 degrees Fahrenheit. The machines then place melted sand into casts to form bowls, jars, and other glass products. Workers package these products for shipping.
Using the above information, correctly identify examples of the productive resources.
answer:land-sand, human resources- factory workers, physical capital-casts, entrepreneur- Bob
6.The BEST example of a shortage is limited amounts of
answer: food available because the trucks carrying it are on strike.
7. Which of the following is the BEST example of scarcity, rather than shortage?
answer:An electric company wants an endless supply of coal for their company.
8.Nicholas starts a taxi cab business. He buys a garage, hires three drivers, buys two taxi-cabs, and sends his cab drivers to driving school for better driving skills and road knowledge. What action(s) represents CAPITAL investment?
*Remember, capital can refer to physical or human capital.
answers: the purchased taxi cabs and the purchased garage
9.What is a rational economic decision?
answer: one in which marginal benefits are greater than marginal costs
10.The economic term “scarcity” relates MOST directly to a situation in which
answer: manufacturers lack unlimited raw materials needed to create their product
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Answers
When banks make loans, the money supply increases. Thus, option A is the correct option.
The process of banks making loans has a direct impact on the money supply within an economy. When a bank grants a loan to a borrower, it creates new money in the form of a deposit. This deposit increases the total amount of money available in the economy.
This process, known as the money creation process or fractional reserve banking, is based on the fact that banks are only required to keep a fraction of their deposits as reserves. The remaining fraction can be lent out, effectively creating new money. As borrowers spend the loaned funds, they enter circulation, further increasing the money supply and stimulating economic activity.
Therefore, when banks make loans, they contribute to the expansion of the money supply, supporting economic growth and facilitating transactions in the economy.
Thus, option A is the correct option.
Learn more about money supply here:
#SPJ6
Probably the correct formation of the question should be:
When banks make loans, the money supply _____.
a. increases
b. decreases
though all good things must come an end
B. Bob cannot increase his utility
C. Bob can increase utility by spending more on food and less on housing.
D. Bob can increase utility by spending more on food and more on housing.
E. Bob can increase utility by spending less on food and more on housing.
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Answer:
Option (E) is correct.
Explanation:
For utility maximization,
Bob's consumption of Housing and food should be such that:
Here,
= 50
=20
Bob is not maximizing utility, as these two terms are not equal(50 > 20).
Since the marginal utility per rupee spent on housing is greater than that on food.
Hence, Bob can increase his utility just by consuming more of housing and less of food.
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sales for the month: 200,000
cost of the goods: 119,000
These are the entries on the above transaction.
Assume it is a cash sale:
Debit Credit
Cash 200,000
Sales 200,000
If it is receivable: (Accounts or Notes)
Debit Credit
Accounts/Notes Receivable 200,000
Sales 200,000
Recognizing the cost of the goods.
Cost of goods sold 119,000
Inventory 119,000
b)Head Tome runs a social networking site with incorporated advertising.
c)Lady Zigzag's agent makes concert tickets available on a new smartphone app.
d)InFocus conducts focus groups to determine its target market.
is it a?please can someone help me?
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Answer:
D
Explanation:
Protective extension response, because this child is running for a reason either because he is afraid or is playing but ether way he is staying in the same spot as he did when he fell and shows that he is extending the time he has on the floor because of the way his mind works.
Hoped this helped