section 1 guided reading and review answering the three economic questions
Answers
The three economic questions refer to the fundamental questions that every economic system must address:
What to produce: This question deals with determining which goods and services should be produced in an economy. It involves analyzing consumer demand, available resources, and production capabilities to decide on the allocation of resources towards specific goods and services.
How to produce: This question focuses on the methods and techniques used to produce goods and services. It involves considering factors such as labor, capital, technology, and efficiency in determining the most efficient and cost-effective ways to produce the desired output.
For whom to produce: This question concerns the distribution of goods and services among different members of society. Guided reading and review sections in textbooks usually provide a summary and analysis of the concepts covered in a chapter.
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Related Questions
what the meaning of the employment contract - common law (rights and obligations of employers and employees), minimum employment standards, minimum wage rates, awards, enterprise agreements, other employment contracts
Answers
An employment contract refers to a legally binding agreement between an employer and an employee, outlining their respective rights and obligations.
Under common law, both parties are expected to act in good faith and observe the principles of natural justice. Minimum employment standards such as maximum working hours, leave entitlements, and anti-discrimination provisions are set by law and cannot be waived or modified by the contract.
Minimum wage rates may also be mandated by law, but awards and enterprise agreements may provide for higher wages and additional benefits. Other terms that may be included in an employment contract include probationary periods, confidentiality clauses, and restrictive covenants such as non-compete clauses.
A breach of the employment contract by either party may result in legal consequences, including damages, injunctions, or termination of employment.
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Your roommate told you she doesn’t need renter’s insurance because her parent’s homeowner’s policy covers her stuff. Is she correct? Explain your answer.
Answers
Answer: no she is not correct because if she has her own house or apartment then no she is not on homeowner's insurance. now she has to get her own.
Explanation:
hope this helps.
The roommate should not be correct.
What is insurance?Insurance represents the arrangement where the company or the government agency gives the guarantee with respect to the compensation for the particular loss, damage and in return, the payment should be made with respect to the premium. Also, she is not correct since she has her own house so it is not the homeowner insurance.
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One common element of all mass media (whether it is a news article, TV commercial, book or anything intended for a large audience) is that the message is:
A. Emotional
B. Objective
C. Constructed
Answers
Answer:
C
Explanation:
most of mass media tries to advertise the people that are watching or looking at it a product of some sort
1. Daisy’s Donuts needs your help in calculating their break-even point. They pay $3000 in rent and $2000 in other fixed costs per month. The cost to make each donut is $0.10. Daisy sells her donuts for $0.50 each.
a. How many donuts must Daisy sell to break even each month?
b. What is Daisy’s profit margin?
Andy’s car wash washed 2000 cars in June. The cost of water, soap, and hydro to wash each car are $2.00. Andy charges $5.00 for each car wash. His total fixed costs are $9000.
c. Did Andy break even in June? How do you know?
Bep = fixe9000/5-2
= 9000/3
= 3000 cars
d. How much profit or loss did he have for the month?
2. May purchases scarves for $30 and sell them for $100.
a. What is her profit margin?
b. What is her markup?
c. If she discounted the scarves by 10%, what would the new price be?
Stylogel wants to price a new style of the pen for the retail market. Its fixed costs will be $500 000 per year. It is examining three price points to the retailer: $1, $2.50, and $5, with a manufacturer’s suggested retail price of $2, $5, and $10 respectively. The variable costs of the pens depend on the price point. The $1 pen has variable costs of $.25 because it has little packaging and is made of basic materials. The $2.50 pen has little packaging as well, but the materials are of better quality, so its variable costs are $.50. The $5 pen is made of metal and comes in a gift box; therefore, its variable costs are $2 per pen. Advise Stylogel as to the price it should select.
You have decided to start up your own business for the summer rather than getting a summer job. A business contact that you know can supply you with Nike “knock-off” hooded sweaters at $10 each. The sweaters look the same and are of similar quality to true Nile sweaters that retail in other stores for $60 each. The “knock-off” sweaters have the brand name “Nik” and a swoosh logo very similar to the Nike sweaters.
You go and visit your local shopping mall and find out that there are two possible Kiosk locations that you can rent for July and August. The Kiosk that rents for $500 per week is located at the far end of the mall behind the food court. You note that there is not much shopper traffic in this area as most shoppers just grab something to eat and return to the main mall. The other Kiosk rents for $1000 a week and is located right in the middle of the mall, in front of a store that sells Nike sweaters. Both locations have additional utility costs of $250 per week.
You are going to hire a sales associate to run the Kiosk since you rather be playing golf during the summer. You calculate that this helper will work 35 hours per week. The going rate for sales associates in the mall is $10 per hour and 10% commission of the sales they make. You notice that there are several stores in the mall with “sales help wanted” signs.
Answer the following questions:
Determine all the fixed costs. These are the costs (expenses that remain the same irrespective of how much you sell.
How much would you pay your employee? Give at least 2 reasons for your choice.
What is the relationship between the selling price and demand for the sweaters?
What else, other than price affects the demand for the sweaters? Indicate at least 2 different strategies that you can try to increase the demand for your sweater.
Establish a selling price. Give at least 2 reasons for your choice.
What are your variable costs (expenses that are directly related to how much you sell – the more you sell the higher they are)?
Based on your selling price, what is your profit per sweater sold (how much do you make for every sweater sold?
Determine how many sweaters you have to sell before you start making money (to cover all your fixed and variable costs).
Your golf membership and pay fees for the summer are $6,000. How many sweaters are you going to have to sell to make sure that you make enough profit so that you can play all summer?
Answers
Answer:
I think the first one is 6000. Im not sure about the others though
Explanation:
I hope this helped!
***ECONOMICS***
I’ll give a brainliest !
Economists calculate the trade-weighted value of the U.S. dollar by:
O A. examining the confidence global investors have in the dollar as a
reserve currency.
B. analyzing the decline in the dollar's purchasing power over time
due to inflation.
c. comparing the value of the dollar to currencies used by major U.S.
trading partners.
D. subtracting the market value of the U.S. dollar from the market
value of gold.
Answers
What are the goals of government regulation?
low unemployment, price stability,
economic growth
O high unemployment, price instability,
economic growth
low unemployment, price stability,
economic steadiness
O high unemployment, price instability,
economic steadiness
Answers
Answer: A) low unemployment, price stability, economic growth
Explanation: Government regulation attempts to promote growth, full employment, and price stability for the well-being of the citizens
The goals of an ideal government while making regulations shall include the following purposes,
low unemployment, price stability,economic growth.Therefore, the option A holds true.
What is the significance of government goals?The goals of a government can be referred to or considered as the qualitative and quantitative targets set by the government in order to foresee better conditions in the future. These are backed by economic plans and regulations.
For a developing or a developed government, the goals must be economically based while being regulated. These goals must include reduced poverty and unemployment in order to achieve a healthy economic growth.
Therefore, the option A holds true and states regarding the significance of the goals of a government.
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Where do you report a stolen credit card to efta standards or pci standards
Answers
A merchant's PCI DSS compliance can be confirmed using the PCI Report on Compliance. The PCI DSS's standards and procedures were created to increase the security of credit card-based transactions and safeguard cardholder data from fraud and other unauthorized uses of their personal data.
To protect cardholders' private information and boost the security of transactions involving credit, debit, and cash cards, the Payment credit card Industry Data Security Standard (PCI DSS) is a well-known set of rules. PCI Compliance is NOT a one-time project but an ongoing practise. Merchants (the Business Owner) are in charge of overseeing the finances of their company's activities.
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Movie stars such as salma hayeck, samuel l. Jackson, dwayne johnson, and jennifer lawrence are paid millions of dollars per movie, which can take as much as 6 months of full-time work for an actor. By contrast, doctors and nurses earn considerably less over the same time period. Why might this be?.
Answers
False, this does not illustrates diamond-water paradox.
By stating that the marginal good thing about services provided by doctors and nurses is significantly below the marginal good thing about services provided by major film stars, the diamond-water contradiction in terms is illustrated. this implies that whereas there's a larger demand than there area unit for major film stars, there's a larger offer of doctors and nurses. The utility that major motion-picture show stars offer to movie-goers is bigger than the utility that patients receive from doctors and nurses. this can be thanks to the actual fact that folks World Health Organization use the services of well-known actors and actresses area unit a lot of willing to pay money for them than those that use the services of physicians and nurses. although an individual's health is a lot of necessary to their quality of life than movies, customers price movies a lot of for his or her utility than their health, particularly once they need achieved a basic level of sound health. This truly explains the "diamond water contradiction in terms," during which customers area unit willing to pay a lot of for valuable diamonds than they're for the water that sustains life. In plain English, folks area unit a lot of willing to price the satisfaction they get from looking motion-picture show than they're from receiving more medical attention. that means that folks solely offer basic care desires an inspiration. However, they'll bet a lot of to urge a lot of diamonds.
Note that the full question is:
Movie stars such as Salma Hayeck, Samuel L. Jackson, Dwayne Johnson, and Jennifer Lawrence are paid millions of dollars per movie, which can take as much as 6 months of full-time work for an actor. By contrast, doctors and nurses earn considerably less over the same time period. Why might this be? While the supply of (major film stars OR doctors and nurses) is small and relatively fixed in the short run, the demand for (the average doctor or nurse OR movies featuring these film stars) is quite large globally. By contrast, the marginal benefit of the services provided by (major film stars OR doctors and nurses) is relatively low, although the total benefit is quite high. This illustrates the diamond-water paradox. True or False
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What has happened to China’s GPD since it began to reform its economy?
Answers
Answer:
it has grown substantially
Explanation:
in the past, China's government has total control over other economy. They failed to run it efficiently since the system provide no incentives for people to work harder and invents new things.
In the 1980s, china started to adopted some aspect of Capitalism and let the private sector grow their influence in the economy.
As a result, many people start to have incentives to contribute more to the economy. This system basically allowed the citizens seek personal wealth for themselves, but they are indirectly improving the country's economy.
why do we promote the use of PECS w some clients who communicate using words but still have speech, language, or social communication delays?
Answers
Accessibility, independence, inclusiveness and reinforcement are the reasons due to which the use of PECS is promoted for clients who communicate using words but still have speech, language or social communication delays.
Picture Exchange Communication System (PECS) is used to promote communication in individuals with speech, language, or social communication delays.
The reasons for using PECS have been explained below:
1. Accessibility: PECS provides a visual means of communication that can be accessed more easily by individuals with communication difficulties. This is particularly true for individuals with speech or language delays who may struggle to verbally express their wants and needs.
2. Independence: PECS allows individuals to initiate communication and make choices independently, increasing their sense of control and empowerment.
3. Inclusiveness: PECS can be used in a variety of settings, making it a versatile tool for promoting communication in social situations where verbal communication may be challenging.
4. Reinforcement: PECS can be used to reinforce communication and encourage individuals to continue developing their skills. The use of PECS can also promote positive reinforcement by allowing individuals to receive tangible rewards for their communication efforts.
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under the _____, the securities and exchange commission (sec) may suspend trading if prices vary excessively over a short period of time.
Answers
Answer: Market Reform Act of 1990
Explanation:
Select the correct answer.
What is the purpose of preserving historical data?
A.
legal compliance
B.
recruitment
C.
leave sanctions
D.
payroll
Answers
Answer:
a it could be sea but I'm pretty sure it's a but I don't take business so you might not want to trust me
Answer:
A
Explanation:
i did the test
please help me with this match the column if i get perfect answer then i will give brainliest
Answers
Answer:
what do you need help on
Explanation:
gains is a website which features a wide range of products from different retailers put up for auction. the retailers charge customers based on their willingness to pay to maximize profits. which pricing technique is being used by the retailers who put their products for auction on gains? first-degree price discrimination second-degree price discrimination third-degree price discrimination odd pricing leader pricing
Answers
The pricing technique being used by the retailers who put their products for auction on Gains is first-degree price discrimination.
First-degree price discrimination involves charging different prices to different customers based on their willingness to pay. In this case, the retailers on Gains are charging customers based on their individual willingness to pay in the auction, which can vary based on the individual customer's perceived value of the product being sold.
Second-degree price discrimination involves charging different prices based on the quantity or volume of the product purchased, while third-degree price discrimination involves charging different prices based on customer segments such as age, income, or location.
Odd pricing involves setting prices that end in an odd number (such as $4.99 instead of $5.00), which is commonly used to create the perception of a lower price and increase sales. Leader pricing involves setting the price of a product below cost to attract customers to a store in the hope that they will purchase other products at full price.
Therefore, the correct answer is (a) first-degree price discrimination.
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Suppose babies born in a large hospital have a mean weight of 4088 grams, and a variance of 55,696.
If 128 babies are sampled at random from the hospital, what is the probability that the mean weight of the sample babies would be less than 4132 grams? Round your answer to four decimal places.
Answers
Answer:
0.0107
Explanation:
We were told that 128 babies are sampled at random from the hospital, which implies that there are 128 sample size, then , (n = 128)
Given from the question;
mean weight =4088
variance = 55,696
We need to determine probability that the mean weight 4088
would be less than 4132 grams
P = 1 - (4088/4132)
P = 1-0.9893
=0.0107
franchises will generally have higher ____, but they offer ongoing support and training.
Answers
Franchises will generally have higher direct financing but they offer ongoing support and training.
What is the meaning of financing?Finance is the study and practice of money, money-related instruments, and capital assets. It is associated with economics, which refers to the study of the creation, transfer, and consumption that money, assets, goods, and services, but it is not the same as economics.
The process of raising capital or finances for any type of spending is known as financing. It is the act of directing various financial resources—such as credit, loans, and invested capital—to those parts of the economy that need them most or can use them most effectively.
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Company A is raising $1 million at its initial public offering (IPO) by issuing 2,000 shares of stock. What is the value of each share if you calculate it as $1,000,000/2,000 =
Answers
Company A is raising $1 million at its initial public offering (IPO) by issuing 2,000 shares of stock. What is the value of each share if you calculate it as $1,000,000/2,000 = 500
Company A is raising $1 million at its initial public offering (IPO) by issuing 2,000 shares of stock. the value of each share if you calculate it as $1,000,000/2,000 = 500.
What is an initial public offering?An initial public offering (IPO) is the procedure of releasing fresh shares of stock to the public for the first time in a private firm. A corporation can raise equity funding from the general public through an IPO.
Since there is typically a share premium for current private investors, the transition from a private to a public company can be a crucial time for private investors to fully realize gains from their investment. Additionally, it enables public investors to take part in the offering.
An organization is regarded as private before an IPO. The firm has expanded with a very small number of owners as a pre-IPO private company, comprising early investors like the founders, family, and friends as well as qualified investors like venture capitalists or angel investors.
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If the demand for a product decreases, what is likely to happen?
A.
The supply is likely to increase.
B.
The demand is likely to be inelastic.
C.
The price is likely to increase.
D.
The price is likely to decrease.
Answers
A small business earns a profit of $6500 in January and $17,500 in May. What is the rate of change in profit for this time period? Explain.
Answers
The rate of change in profit for this period is 169.23%.
What is the rate of change?The rate of change shows the ratio or proportionality by which a value changes in relation to another.
We can determine the rate of change by dividing the difference in value by the former value and multiplying the quotient by 100.
Profit earned in January = $6,500
Profit earned in May = $17,500
Change in profit = $11,000 ($17,500 - $6,500)
Rate of change = 169.23% ($11,000/$6,500 x 100)
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What is Jack doing to ensure savings for a new car?
Answers
Answer:
Could you add more context?
Explanation:
Answer:
He could be putting the money into the bank.
Explanation:
Choose the correct answer. For a secret key cryptosystem, the strength of the cipher is measured in terms of (a) The number of rounds of operations involved during encryption. (b) The size of each plaintext block during encryption. (c) The size of the random key that is used in encryption. (d) All of the above. (e) None of (a), (b) or (c) (f) Both (a) and (b). (g) Both (b) and (c). (h) Both (a) and (c)
Answers
The correct answer is (e) None of (a), (b), or (c).
For a secret key cryptosystem, the strength of the cipher is typically not measured in terms of the number of rounds of operations involved during encryption (a), the size of each plaintext block during encryption (b), or the size of the random key used in encryption (c).
The strength of a secret key cryptosystem is primarily determined by the key length and the algorithm's resistance to various cryptographic attacks. A longer key length generally provides stronger security by increasing the number of possible key combinations, making it more difficult for an attacker to break the encryption.
Other factors that can contribute to the strength of a secret key cryptosystem include the quality of the algorithm design, the resistance to known attacks, and the security of the key management practices.
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The income of consumers has decreased. You know that canned meat is an inferior good. What will happen to the equilibrium price and quantity of canned meat
Answers
Answer:
Since canned food is an inferior good, as consumers' income decreases, the demand for canned food will increase.
Explanation:
When consumer income decreases, the aggregate demand curve shifts tot he left. This will decrease the consumption normal goods, especially luxury goods. But it will also increase the consumption of inferior goods, such as canned food, noodles, etc.
Which person would most benefit from homeowners insurance?
A) Hilary lives in an apartment with few personal possessions.
B) Karim lives in a dorm
C) Michael and Bryce have a 30-year mortgage.
D) Fran lives in an assisted living facility
Answers
The person would most benefit from homeowners insurance is D) Fran lives in an assisted living facility.
What is insurance?Insurance can be described as the way of managing your risk when someone subscribe to insurance, then the protection against unexpected financial losses is been gotten.
Hence, The person would most benefit from homeowners insurance is D) Fran lives in an assisted living facility.
Therefore , option D is correct.
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Answer:
Fran lives in an assisted living facility
Explanation:
Select the correct answer from each drop-down menu.
What cultural aspects must businesses consider when making marketing decisions?
Companies must consider the
political scenarios
of different countries to run sustainable business. This practice also helps safeguard the reputation and goodwill of their brands.
Businesses should avoid portraying rebellious behavior in
underdeveloped
societies. Marketers must also learn about
to avoid conflicting with religious or social sentiments.
Answers
Answer:
the first one is not political scenarios
the second one is not underveloped
and the final one is social and cultural norms
Explanation:
i took the test ande i only got the third one right
Answer:
Cultural Norms, Hierarchical, and Social & Cultural Norms
Explanation:
Companies must consider the cultural norms of different countries to run sustainable business. This practice also helps safeguard the reputation and goodwill of their brands.
Businesses should avoid portraying rebellious behavior in hierarchical societies. Marketers must also learn about social and cultural norms to avoid conflicting with religious or social sentiments.
This is 100% correct on the test.
On his marvel company team, sam wilson is "the motivator. " he’s always encouraging his teammates to work harder and try to perform better. Which of belbin’s team roles is sam enacting?.
Answers
Sam Wilson's Marvel Corporation team refers to him as "the motivator" since he consistently encourages his coworkers to put in more effort. Belbin team members play "shapers" duties. Sam is enacting.
What is Belbin's theory of team roles?The three action-oriented roles are shaper, implementer, and finisher; the three people-oriented roles are coordinator, teamworker, and resource investigator; and the three cerebral roles are plant, monitor, and evaluator. According to Belbin's theory, a team role is "a tendency to behave, contribute, and interrelate with others in a particular way."As our experience, functional position, and working environment evolve over time, so can our team roles.Although a total switch of duties is unusual, you can notice that team roles change your profile up or down.To learn more about Belbin's theory refer,
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How does the way you feel about yourself affect hiw others see you?
Answers
I don't think my reality influences how I am viewed by others. It is the other way around, though.
If I ALLOW IT, how people see me will influence how I see myself. It depends on the person in a positive or negative way.
Everyone has their own reality; they have their own vision of how they see themselves and others. If someone is mad at me, then I don't take it personally as much as possible because I know they represent their reality, not mine, to me.
what is the maturity date of a 75-day note receivable issued on may 3rd, 2022? july 16th, 2022 july 30th, 2022 july 15th, 2022 july 17th, 2022
Answers
A 75-day note receivable issued on May 3rd, 2022 will mature on July 17th, 2022. A promissory note is a written promise by a borrower to pay a lender a certain amount of money at a certain time. The note is signed by the borrower, who is also known as the maker, and is payable to the lender, also known as the payee or holder, on a specified date or on demand.
A note receivable is a written promise from a borrower to repay a lender a specific amount of money at a specific time. The term maturity date refers to the date on which the borrower must repay the lender in full.
To determine the maturity date of a 75-day note receivable, we need to count 75 days from the date of issue, which is May 3rd, 2022. We can do this by adding 75 days to the issue date using a calendar.
May has 31 days, so we have 31 - 3 = 28 days left in May. We then add the remaining 28 days in May to the 30 days in June (June has 30 days because it is not February) and 17 days in July to get a total of 75 days.
Thus, the maturity date of the 75-day note receivable is July 17th, 2022.
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Which demographic groups does Women in Motion serve?
Answers
Demographic groups do Women in Motion serve, Akela Peoples is an award-winning teacher and entrepreneur who has helped over 20,000 young women create career plans.
Demographic evaluation is the take a look at a populace primarily based totally on elements including age, race, and gender. Demographic information refers to statistically expressed socioeconomic records including employment, education, income, marriage rates, start rates and loss of life rates.
Examples of diagnosis. It is included. Demographic studies consist of 5 simple themes. Distribution over a geographical area. its composition (including age, gender, race, and different characteristics); modifications in populace size, distribution, and composition over time; Determinants and outcomes of populace growth.
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Click this link to view O*NET’s Tasks section for Heating and Air Conditioning Mechanics and Installers. Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to O*NET, what are some common tasks Heating and Air Conditioning Mechanics and Installers perform? Check all that apply.
joining pipes or tubing to equipment and to fuel, water, or refrigerant source
pumping oil from a well into a pipeline for transmission
overseeing the activities of workers in a hydroelectric power plant
testing pipe, or tubing joints or connections for leaks
reassembling and testing equipment
testing electrical circuits or components
Answers
Answer:
A, D, E , F
Explanation:
Just finished the assignment.
Answer:
The correct answer is A C D F
Explanation:
Is the statement “the first day on a job is always easy” true?
Answers
Im gonna slap the person who told you that, Answer:
Pffttt ofc not its always hard the first day.
Good Explanation:
Your first day on the job can be intimidating, anxiety-inducing, nerve-wracking, and hopefully, you do good you know cause its a pain in the ####. So Don't underestimate any job buddy,
The answer is false btw.