Q: Meaning of economic
A: Like the other social sciences, Economics also involves the study of human interactions with each…
Q: When managing time, consumers should consider time as if it were: (a) money or a scare resource (b)…
A: Having a resource that is scarce, including money and also time, is something that will be of…
Q: three types of business activities? Distinguish one from the other
A: Business activity can be considered as an economic activity and a profession at the same time.…
Q: Condition that arises because society does not have enough resources to produce all the things…
A: There are mainly three economic problems dealt by each nation. These problems are stated below: a)…
Q: Circular flow
A: Circular flow: - a circular flow of income shows the exchange of money, resources, goods, and…
Q: Kareem is directed to study the demographics, economic, natural, technological, political, and…
A: Marketing strategies represent all those strategies that a firm undertakes in the form of promotion,…
Q: make a template titled "socio-economic environment impact of a business"
A: Introduction Socioeconomic philosophy is the study of the relationship between economics and social…
Q: Please cite the given and provide solutions on how to arrive at the highlighted answer.
A: A lease payments is the monthly equivalent of rent that is explicitly stipulated under a binding…
Q: Name 4 factors that are likely to contribute to an improved rate of production
A: There may be many factors that can help to improve the rate of production.
Q: Factors of production
A: The final goods and services served in the market for the consumers. There are some factors that use…
Q: Firms Households Markets for Factors of Production
A: Household is the supplier of factor of production, i.e., labor and capital Firm is the buyer of…
Q: What might the impact of a flat world be on your standard of living?
A: When talking about flat world, it refers to the changing scenario of markets of different nations…
Q: Which of the following is not something you need to consider when planning for retirement how much…
A: The consumption smoothing is an important concept in consumer behaviour where an individual…
Q: Goods and services which help in the production process are called: (a) Raw materials (b) Factors of…
A: # We need resources and technology to produce goods and services in the economy and to satisfy our…
Q: Point A is: (a) Attainable E 13 (b) Not attainable 12 (c) Desirable and attainable Qx (d) Desirable…
A: A production possibilities frontier is the locus of all most extreme yield blends, considering there…
Q: Rs.100, 000 to start an ice-cream business. If she uses Rs.40, 000 from her savings and another…
A: The opportunity cost of economic activity is the value of the next best alternate action forgone in…
Q: Matching Type. Write the correct letter from Column B to the corresponding answer in Col A. A B 1.…
A: q n g d b c l…
Q: F B Consumer Goods D Capital Goods A,
A: Answer - Shift in the curve from AB to EF.
Q: Answer the question no (c) = Future Value (F)= ? Answer the question no (D)= Present value (G) = ?
A: Future value using present value can be calculated as:F=G(1+r)^n Where F is future value, G is…
Q: opportunity cost of producing a product from zero
A: Opportunity cost is the benefit that can be driven by not choosing the other alternative.
Q: Economic
A: The given table is:
Q: Definition of micro
A: In economics we study the decision of societies in the condition of scarcity, people has to choose…
Q: economic activities which are undertaken within the household
A: Economic activities involve buying, selling, production, manufacture. Any economic activity has a…
Q: Describe each of the factors of production listed below: Land 4.1 42 Capital Labour 4.3 44…
A: "Since you have asked multiple questions ,we will solve fist question for you.If you want any…
Q: In the world of economics, this is a very powerful term that can make or break relationships,…
A: There are different factors that can contribute to making or breaking relationships, businesses,…
Q: Part A: Give a specific example of something a household would buy or sell in the product market.…
A: Product market: It is the place to sale and purchase goods & services. Factor market: It is a…
Q: Bread is always a consumer goods True/False
A: A good being produced by a business and being bought by a consumer as a final good is known as…
Q: Spending four years in college in order to improve your employment opportunities and obtain a higher…
A: An economy generally produces two types of goods by using the given resources. These goods are…
Q: Discuss the elements of business plan
A: A business plan is a document that outlines a company's objectives, operations, competitive…
Q: What are the economic significance of the stages of production
A: In economics, production is defined as a process of combining various inputs to make goods and…
Q: What are the 4 factors of production
A: The production function shows the technical relationship between factor of production and the output…
Q: Examples on how an accountant can be a good economist
A: The disciplines economics and accounting are the two famous disciplines that are taught all over the…
Q: The time value of money is created by:
A: The concept of time value of money or TVM is essentially brought about by the fact that people…
Q: A MEASURE OF HOW WELL AN ECONOMY PERFORMS IN TERMS OF PRODUCING GOODS AND SERVICES THAT MEET THE…
A: Economic performance depicts the accomplishment of financial targets either for a firm or for the…
Q: 1. Linda sells 100 bottles of homemade ketchup and to do so she took time off from a job that
A: We have to calculate accounting profit and economic profit. Given that, Sales = 100×10 = $1000…
Q: Whom to produce
A: Whom to produce:- This issue revolves around determining the type of people who will consume the…
Q: Prepare 5 important points for the article
A: The above article analyses the impact of digitization on the labor market. It initially talks about…
Q: Households sell their in the market. They then use their income to buy in the market. O A. factors…
A: household is seller of factor services in market like labor , land etc so here we can choose the…
Q: goods a. The willingness and ability to take the risks involved in starting and managing a business.…
A: The given match the following is related to production and factors of production.
Q: CHOICES: a. Both statements are TRUE b. 1st statement is TRUE, 2nd is FALSE c. Both statements are…
A: Agriculture sector refers to the primary sector in the economy which is composed of activities…
Q: Circular Flow Chart Quiz Fill in the 6 BLANK spots using the following 5 options: Product Markets…
A: The circular flow model demonstrates how money moves through an economy. It shows the basic economic…
Q: What elements of happiness do wealth and productivity miss? What elements of happiness do they…
A: Self survival, well-being, good governance etc. are the components of satisfaction that wealth and…
Q: Select one: O a. natural resources, capital, land area, and population size. O b. population size,…
A: *Answer:
Q: Kayla has a business making steel ornamental lawn statues. The machine she uses to join pieces of…
A: There are 4 types of productive resources namely land, labour, capital & entrepreneurship. These…
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