extra $1,000 per employee each year. This could prevent her from hiring as
many new employees as she would like over the next few years. On the other
hand, better benefits will help her hire more qualified employees who will stay
with the company for longer.
The potential value of hiring more qualified employees at the cost of more
expensive benefits is an example of a(n)
A. margin
B. scarcity
C. trade-off
D. incentive
Answer: C. trade-off
Explanation:
If the business owner hires more qualified employees at the cost of paying more for expensive benefits, this is considered a trade-off because she is trading higher costs for more quality.
Trade-offs arise as a result of scarcity. Since resources (money for benefits in this case) are limited, the business owner would have to trade one thing for another instead of being able to get everything she wants. The thing she will exchange will be more expensive benefits for better quality employees.
The answer is "process by which people choose how to use limited resources in order to meet their needs".
An economic system refers to an organized way by which a nation allocates assets and appropriates products and ventures over the entire country or a given geographic zone. It is incorporates the mix of a few organizations, elements, offices, basic leadership procedures and examples of utilization that make up the financial structure of a particular network. Hence it is a kind of social framework.
An economic system characterizes how every one of the elements in an economy cooperate. Characterizing them today is considerably more complicated than it used to be.
Answer:
Income effect is the correct answer.
Explanation:
The income effect means that the change in demand for a good or service which is caused by the change in a consumer's purchasing power resulting from the change in real income. The change can be due to a rise in the wage or due to freeing the income due to a decrease in the price of the goods. This effect also tells how the change in the price of goods will cause a change in its demand accordingly. The income effect is part of the consumer choice theory. It expresses the impact of change in income and relative market prices on the consumption pattern of goods and services.
Answer:
The income effect
Explanation:
B. accounts receivable.
C. accounts payable.
D. cash.
when you are following a car and are within 200-300 feet of it.
That follows or is subsequent in time or order; resulting in the next day. that will now be mentioned, described, related, or in a similar manner; that will now happen: For more information, see the following report.
Make sure your speed allows you to stop or turn if necessary. When you are 500 feet (approximately one block) or less from an approaching vehicle, turn on your low lights. When following another vehicle within 300 feet, you should also activate your low beams. If you are using your high beams while driving, you must turn them off at least 500 feet before any oncoming vehicles to avoid blinding the driver.
Therefore, A car is within 200-300 feet of it.
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