What are the three basic questions faced by every economy

Answers

Answer 1

The three basic questions asked are:

1. What goods and services should be produced?

This is asked because the economy wants to produce what the consumers want or else the resources aren't being used efficiently since resources are scarce.

2. How should we produce them?

This is asked because the producers don't want to spend unnecessary time or money on production, so they must choose wisely what method of production is best for their company and consumers.

3. Who are the consumers?

This is asked because the producers want to make sure that they are targeting the right people with advertising or selling.

Hope this helped!

~Just a girl in love with Shawn Mendes

Answer 2

Answer:

In economies they are 2.First.Presidential: 1)A manifesto to keep the citizens vote.

2) Situations to curb.

3.)Employment..

Business:

1) Sociable workers

Goods and services

Consumers or buyers.


Related Questions

Monetary grants given to producers to encourage economic growth in a specific industry is referred to as?

Answers

Answer:

The answer would be Subsides.

Explanation:

When an industry in a country is not performing up to the mark, but it has a big impact on the economy, then Government or Federal state helps them in terms of money to fulfill their expenses and resume the working of that industry to encourage economic growth in that specific industry. For example if the Railways of a country is not performing well and is unable to meet its expenses, then they don't raise the fare to meet its expenses, rather Government give subsides(Monetary Grants) to the specific industry to meet expenses and run the industry and encourage economic activities and growth.

Why do workers from labor unions?

A. To harass their employers
B. To Harass the government
C. To protect their interests
D. To reduce unemployment

Answers

Answer:

C. To protect their interests

Answer:

C. to protect their interests

Explanation:

What does a Human Resources manager do

Answers

Hello There!

A human resource manager is a person within a business/company or possibly an other organization and they handle and supervise personnel matters. These could include hiring, training and even firing.

Final answer:

A Human Resources manager is responsible for hiring practices, employee training and retention, ensuring thoughtful investments in human capital, and task division within an organization. They also play a crucial part in developing efficient management strategies and organizational structures.

Explanation:

A Human Resources (HR) manager plays a pivotal role in any organization. Their responsibilities include hiring practices, employee training and retention, and ensuring that the organization is making thoughtful investments in human capital. The HR manager works to avoid as many firings as possible while maximizing the number of hires, and maintaining a balanced workforce relative to the organization's size and needs.

Modern businesses divide tasks among various roles. For example, a restaurant has positions ranging from the top chef to servers, janitors, and a business manager who handles financial matters. Likewise, in larger organizations, the HR manager plays a similar role but on a much larger scale, overseeing various human resource activities and ensuring smooth operations.

In essence, the HR manager is somewhat like a conductor of an orchestra, making sure each part plays its role efficiently to create a harmonious output. Additionally, a significant part of an HR manager's role is focused on developing effective management strategies and organizational structures. Their role involves creating a balance between achieving the organization's goals and maintaining employee satisfaction.

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DRIVERS ED
What is one reason the number of DUIs has dropped?
A. Alcohol is not the same quality
B. People are afraid of getting caught driving drunk
C. People have become more health conscious
D. Alcohol has become more expensive

Answers

Answer:

People have become more health conscious.

Explanation:

I paased this lesson with an 100%.

3. Which is a chemical change? (2 points)
breaking a block of solid ice into smaller pieces
splitting water into hydrogen and oxygen
boiling water
freezing liquid water​

Answers

Answer:

Splitting water into hydrogen and oxygen

Explanation:

I think this is in the wrong category?

what is a drug cartel

Answers

Answer:

A drug cartel is a criminal organization with the intention of supplying drug trafficking operations. They range from loosely managed agreements among various drug traffickers to formalized commercial enterprises.

Final answer:

A drug cartel is an illicit conglomerate engaged in drug production, transport, and distribution, using various methods for smuggling drugs into the U.S. and wielding significant influence in Mexico's economy and society. Cartels often resort to corruption and violence to maintain their operations, leading to severe implications for law and order.

Explanation:

A drug cartel is an illegal organization that manufactures, transports, and distributes drugs. Cartels are often involved in various criminal activities, including murder, bribery, and intimidation to maintain their operations and power. In Mexico, the influence of drug cartels has significantly grown since the fall of the Colombian cartels in the 1990s. These cartels compete fiercely over the enormous profits derived from the drug trade and have managed to infiltrate various levels of government and law enforcement, making it difficult to combat their reach.

With most illegal drugs entering the United States through Mexico, the cartels have utilized sophisticated methods like submarines, jets, semi-trucks, and extensive tunnels beneath the US-Mexican border for smuggling. They leverage their financial strength to corrupt officials, outgun police forces, fund community services in poor neighborhoods, and protect their illegal activities. This economic power has made them a significant part of the local economy and social fabric in certain areas of Mexico.

The term narco-terrorism has been used to describe the violent actions of drug cartels that overlap with terrorist tactics, such as public intimidation and targeted violence against rivals or government forces. The war on drugs, initiated by President Nixon, has seen a steady rise in drug-related violence, with cartels and gangs funded by smuggling operations that also fuel turf wars for control of drug trafficking territories.

When should you begin preparing for an interview?
A. At the beginning stages of your job search
B. After you complete your application
C. After you’ve applied to several jobs

Answers

A. At the beginning stages of your job search

You should begin preparing for an interview at the beginning stages of your job search. This includes knowing the positions you're targeting, creating a strong job packet, and conducting thorough research on companies. Stay engaged and consider mock interviews and feedback to enhance your preparation.

Preparing for an interview is a vital part of the job search process and should begin early on. You should start preparing for your interview at the beginning stages of your job search. Knowing which positions you plan to target is critical before even starting your job search.

Once you've applied to several jobs, it's recommended that you continue to research the companies and positions you've applied for and think in terms of a marketing campaign, which includes a unified job packet that you've previously prepared. Your ability to discuss both strengths and weaknesses is vital to your success in an interview. If possible, participating in mock interviews offered by universities or leveraging feedback from mentors can also be instrumental in your preparation process.

As we move toward a cashless society, which of the following will become vital for businesses that meet clients away from the office?
a. cash registers
b. calculator
c. abacus
d. POS card reader

Answers

D As we move forward to a cashless society it will be a POS card reader that will be vital for businesses to meet clients away from the office
D. POS card readers are portable and able to handle non cash transactions. The other devices will become/ are obsolete

Select all that apply.
Which of the following economic questions involve the consumer?
A.who will consume the goods and services?
B. What goods and services will be produced?
C.How will the goods and services be produced?​

Answers

Answer:

The answer is A.

Explanation:

B doesnt make much sense and C is just plain stupid

Using monetary policy, the Federal Reserve increases to reduce the money supply in the economy.

Answers

Answer:

Reserve Ratio

Explanation:

Using monetary policy, the Federal Reserve increases Reserve Ratio to reduce the money supply in the economy.

The reserve ratio determines the reserve amounts required, by the Federal Reserve, to be held in cash by banks. This money is kept aside by the bank and is not available to be loaned out to the general public. If the Reserve Ratio is increased, more money will be held in reserves hence a reduction in the money supply in the economy.

Answer using CONTRACTIONARY monetary policy , the federal reserve increases INTEREST RATES to reduce the money supply in the economy

Explanation:

Additional coverage can be added to a whole life policy by adding blank

Answers

Answer:the answer is B because that’s right

Explanation:

Additional coverage can be added to a Whole Life policy by adding a decreasing term rider.

What do you mean by additional coverage?

Additional coverage allows an individual or group of people other than the policy holder to be insured by the policy. This policy is an endorsement of an original policy. However, additional coverage is added to general liability insurance guidelines.

What is a Whole Life policy?

The Whole Life policy or permanent life insurance is an insurance policy which provides life coverage until the death of the life assured. The policy stays in force throughout the life as long as the life assured pays the premium.

The policy covers you for 99 years. This policy protects your family for an extended period of time. This policy takes care of many people who have financial dependents in their old age.

What is decreasing term rider?

A decreasing term rider in the life insurance policy is a level of coverage that decreases over time, usually every year. When a decreasing term policy is purchased, the death benefit decreases periodically until the end of the term.

Hence, additional coverage can be added to a Whole Life policy by adding a decreasing term rider.

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quantitative analysis cannot be applied by small organizations true or false?

Answers

Answer:

false

Explanation:

Quantitative analysis can be applied by small organizations.

Hello there!

Your question asks if it's true or false that quantitative analysis cannot be applied by small organizations.

Answer: False

The reason why "false" would be the correct answer is because no matter how big or small an organization/business is, they can still apply quantitative analysis in their organization/business.

Quantitative analysis is analyzing a specific time or event, this is especially used in the financial market--performed by getting statistical and mathematical models.

Any organization, big or small, could use quantitative analysis. The reason why any of them could use it is because they all need to analyze something in the financial market, in order to see what they can improve on in the next upcoming days, and quantitative analysis would be the perfect act for the organizations. Many organizations use this method in order to see how the organization/business is financially, and uses it to see if they need to make improvements.

I hope this helps!Best regards,MasterInvestor

When supply is higher than demand, prices will

Answers

Whenever supply is higher than demand prices will drop or lower

Which factor places this nation in the transitioning
category?

Answers

Answer: B. It is shifting from a planned to a free-market economy.

Explanation:

Answer:

B It is shifting from a planned to a free-market economy.

Explanation:

Got it correct

Job applications give employers uniform information for all employees,making it easier to

Answers

Answer:COMPARE

Explanation:

Identify the company events as public relations or sales promotions.

contests
product samples
charity events
giveaways

Answers

Explanation:

Public relations are the relations a company make with the public. Such events include the direct contact of the company with the public. Whereas Sales Promotions are the events that are held by a company to promote their sales. Sales promotions and Public relations Events are often held by the companies to remain in spotlight.

In this question the given events are asked to classify as either Public Relations or Sales Promotions. So they are classified as follows:

Contests                      Public Relations

Product Samples        Sales Promotions

Charity Events             Public Relations

Giveaways                   Sales Promotions

Contests and giveaways usually fall under sales promotions aimed at driving sales, while charity events are aligned with public relations, focusing on media attention and public image. Product samples are generally considered part of sales promotions.

When identifying company events as either public relations or sales promotions, different activities serve distinct purposes. Contests and giveaways are often used as part of a sales promotion strategy to incentivize purchases and create buzz around a product. These activities are direct tactics to drive immediate sales or engagement with a product or service. On the other hand, product samples could fall under sales promotions as well, since they aim to introduce potential customers to a product directly to stimulate sales.

Charity events, however, typically align with public relations efforts. They are planned to garner media attention and improve the public image of a company. These events are designed to have news value and often frame the company in a positive light by associating it with social responsibility and community involvement, rather than directly driving sales.

Suzanna decided not to pay federal income tax, saying that paying federal income tax is optional. Describe two possible consequences of Suzanna’s decision

Answers

Answer:

Not filing your return will cost you an additional 5 percent of your unpaid tax bill each month.

Not paying what you owe will add an extra 0.5 percent each month to your overall IRS debt.

If you did not file on time and did not pay any tax you owed, you are subject to both penalties. However, the IRS actually gives you a bit of a break. The maximum penalty that you’ll pay for both in any given month is 5 percent, rather than 5.5 percent.

If you don’t file or pay for five months, the failure-to-file penalty will max out at 25 percent of your unpaid taxes. But the 0.5 percent failure-to-pay penalty will continue to accrue, up to another 25 percent of what you owe, until the tax is paid.

Interest also is charged on the overdue amount

If your due a refund then the only way to get it is to file

Explanation:

Answer:

Since Suzanna refrained from paying her federal income tax, the IRS obtains a legal claim to your property and assets ("lien") and, after that, can even seize that property or garnish your wages ("levy"). In the most serious cases, you can even go to jail for up to five years for committing tax evasion.

Explanation:

Got a 100% on the eResource on Edgen.

Which type of tax is imposed on specific goods and services at the time of purchase?
Question 12 options:

Estate

Excise

General sales

Value-added

Answers

Answer:

Excise tax

Explanation:

Google told me

Answer:

The correct answer is C, General Sales Tax.

Explanation:

The tax which is imposed at the time of purchasing a good or service is called a General Sales Tax. It is simply called as GST. General sales tax is imposed on every product which is available in the market to be purchased by the customer. This tax is paid by the consumer. When he purchases the product or service, this tax is included in the price of the product and he pays for it at that the time of purchase. Sometimes government also impose the value added tax on the goods or services purchased and is also paid by the consumer at the time of purchase.

answer please... I need it fast.. please​

Answers

Answer:

a)

Explanation:

Which of the following is not an example of one of the four mail advantages of prices on a free market economy

Answers

The correct answer is

You should look for patterns when completing personal inventories. TRUE OR FALSE?

The average American has how many careers over the span of their lifetime?

1 to 2

3 to 5

5 to 7

10 to 12

Answers

1. The correct option is a. The statement You should look for patterns when completing personal inventories is true. 2. The correct option is c. the Average American changes careers 5 to 7 times over the span of their lifetime.

1. Looking for patterns when completing personal inventories helps identify strengths, preferences, and areas for improvement. Recognizing these patterns can guide career choices and personal development. Therefore you should look for patterns when completing personal inventories so, the statement is true. Therefore, the correct option is a. True

2. Studies and surveys have shown that the average American changes careers multiple times throughout their working life, often ranging from 5 to 7 different careers. This reflects the dynamic nature of the modern job market and the increasing need for adaptability and continuous learning. Therefore the correct option is c. 5 to 7

The complete question is:

1. You should look for patterns when completing personal inventories.

a. True  

b. False

2. The average American has how many careers over the span of their lifetime?

a. 1 to 2

b. 3 to 5

c. 5 to 7

d. 10 to 12

When supply is higher than demand, prices will?

Answers

Answer: Prices will decrease

Explanation: Because of high supply, prices will decrease.

Answer: the prices will have to decrease

Explanation: when supply is higher than demand then the prices will go down so that they will sell more

How do public goods limit a free market economy?


A. They allow consumers to make only occasional economic decisions.


B. They allow government to make some economic decisions.


C. They allow consumers to make all of the economic decisions.


D. They do not allow government to make any economic decisions.

Answers

Answer:

They allow government to make some economic decisions.

Explanation:

Please mark brainliest and have a great day!

Answer:They allow government to make some economic decisions.

Explanation: Correct in gradpoint

Entertaining speech is often ____ and ____.

Answers

Answer:

.

Explanation:

an entertaining speech is often amusing or funny and it is supposed to capture the audiences attention hope it helped

Final answer:

An entertaining speech is often captivating and amusing, designed to make audiences laugh or emotionally engaged while delivering a coherent message. Effective entertaining speeches require diligent preparation and consideration of the audience and occasion.

Explanation:

Entertaining speech is often captivating and amusing.

Entertaining speaking encompasses a wide range of occasions such as wedding toasts, award presentations, eulogies, after-dinner conversations, and motivational speeches. It engages audiences often during special occasions, captivating their attention and making them laugh or stirring their emotions while communicating a clear message.

While the primary goal of an entertaining speech is to provide enjoyment to the audience, it can vary in its delivery, being either funny or serious. The effectiveness of such speeches requires preparation, adaptation to the specific occasion and audience, and appropriate time management to ensure that it does not fall flat and indeed entertains.

Entertaining speeches are not predominantly focused on offering a deep understanding, but rather function as a brief diversion, though they can also contain meaningful content that is informative or persuasive to some extent.

Purchasing stock on credit is called?​

Answers

Answer:

it's known as a margin call.

Explanation:

Buying on margin is borrowing money from a broker in order to purchase stock. Margin trading allows you to buy more stock than you'd be able to normally.

Answer:

purchasing stock on credit is called  Margin trading

Explanation:

margin trading allows you to purchase stocks through a brokerage account that you open with a broker, in margin trading you only pay part of the cost of the purchasing the stocks while the broker borrows you the other this enables you to buy more stocks

A good way to let a pedestrian know that he or she can proceed is to __________ .a flash your headlights
B honk your horn
C make eye contact
D move to the other side of the lane

Answers

Answer:

make eye contact

Explanation:

because when you make eye contact then you can tell them that they can go

Answer:

C. make eye contact

Explanation:

A good way to let a pedestrian know that he or she can proceed is to make eye contact.

Benefits add how much value to employees' pay?
10-20%
20-30%
30-40%
50-60%

Answers

The benefits value of employees pay is 10- 20

Rs.4000 becomes Rs.8000 in 10 years .What is the rate of interest ?​

Answers

Answer:

7.2%

Explanation:

[tex] \sqrt[10]{2} = 1.072[/tex]

The rate of interest will be 7.2% An interest rate indicates how expensive borrowing is or how lucrative saving is.

What is the rate?

A number, amount, or degree measured in relation to another object. She typed at a speed of 80 words per minute. : a charge or payment based on another quantity. more specifically: the premium per insurance unit. A rate in mathematics is the comparison of two related values expressed in different units. [1] The numerator of the ratio expresses the corresponding rate of change in the other (dependent) variable.

The amount a lender charges a borrower is called an interest rate, and it is expressed as a percentage of the principal or the loaned amount. Typically, a loan's interest rate is expressed as an annual percentage rate, or APR (APR).

if you are a borrower, the interest rate is the sum you pay for borrowing money and is expressed as a percentage of the overall loan amount.

Therefore, Interest will be charged at 7.2%. An interest rate provides information on how costly borrowing is or how profitable saving is.

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Which type of monetary policies would the federal reserve most likely use when the economy is struggling?
A- expansionary policies
B-contractionary policies
C-discretionary spending policies
D-regressive tax policies

Answers

Answer:

Letter A. Expansionist Policies.

Explanation:

In a difficult economic situation, the Federal Reserve can use expansionary monetary policy to stimulate economic activity. For example, lowering the interest rate stimulates investment and consumption, thus stimulating production and job creation.

Which of the following most accurately describes one of the powers of stockholders? A. Stockholders manage the daily business of a company. B. Stockholders can sell their shares in the company at any time. C. Stockholders are given discounts on the company's products. D. Stockholders determine the size of dividends paid to investors.

2b2t

Answers

Answer:

C. Stockholders are given discounts on the company's products.

Explanation:

The powers of stockholders are to be given discounts on the company's products.

Answer:answer is B.

Explanation: Got it right

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Help please Fast!!!What does the sculpture affectionately known as William the Hippopotamus reveal about art from the Middle Kingdom?A) The art was dominated by images of water animals.B) The art demonstrated attention to detail even in small objects.C) The art was less elaborate during the Middle Kingdom.D) The art focused more on nature than on power and wealth. Write the expression 5x(x + 9) - 7(x + 9) in complete factored form.A. (x + 9)(x + 9)B. (5x - 7)(x+9)C. (5x 7)(x + 9)(x + 9)D. (5x2 + 45x)(-7x - 63) Find the range of the function. f(x)=(x-1)^2/x^3-2x^2+x Which philosopher did not suggest the separation of powers in government?A)Cicero B)Seneca C)Aristotle D)All of these choices are correct Jason, a highminusschool student mows lawns for families in his neighborhood. The going rate is $12 for each lawnminusmowing service. Jason would like to charge $20 because he believes he has more experience mowing lawns than the many other teenagers who also offer the same service. If the market for lawn mowing services is perfectly competitive, what would happen if Jason raised his price? A. If Jason raises his price, he would lose all his customers. B. He would lose some but not all his customers. C. Initially, his customers might complain but over time they will come to accept the new rate. D. If Jason raises his price, then all others supplying the same service will also raise their prices. What is the product of transcription and translation In a certain Algebra 2 class of 25 students, 17 of them play basketball and 10 of them play baseball. There are 6 students who play neither sport. What is the probability that a student chosen randomly from the class plays basketball or baseball? Some metals have a molecular structure that makes them good conductors. Explain how understanding this relationship can help engineers make more powerful batteries On which bone does Zygomatic Process occurs? what role did women fill during World war II? 6,500 acres of a 41,000 acre forest burned in a fire. what percentage of forest was damaged? Find the distance BB What is a consideration when you are using an aed? 37) The integrating center for neural control of blood pressure resides in theA) medulla oblongata.B) cerebellum.C) pons variolli.D) hypothalamus.E) cerebrum. Mr. Sanchez buys 5 shirts and 3 ties for $34. Atthe same store, Mr. Anderson buys 3 shirts and6 ties for $33. Find the price of shirt and theprice of a tie. Solve for x. 4(3x+12)=36 Enter your answer in the box. Mosquitoes can often transmit viruses from one organism to another, acting as _______ of the virus.A.symbiontsB.parasitesC.bacteriophageD.vectors Select from the drop-down menu to correctly punctuate the sentence.Everyone knows he is the best cook(punctuation)however, he refused to enter the contest.periodcommasemicolonno punctuation In a game, Janeesa started with 0 points. She then earned 50 points, lost 80 points and earned 10 points. Which number line shows Janeesas ending score in the game? NEED HELP ASAP Choose one of the following locations: Guayaquil, Sucre, or La Paz. Then, write an e-mail of 7-10 sentences, in English, as if it's from a travel agent who is trying to persuade a family in the United States to visit the city you chose. In the e-mail describe the each of the following in at least two sentences each: location, culture, sites, food, and activities. Your descriptions must be persuasive and different from the lessons.