Healthy individual finances important to the economy in North America because it contributes to the Nation's economy, which supports the global economy. This helps to rise the job opportunities for a region.
Individual financial health is critical to the North American economy since it contributes to the nation's economy, which in turn supports the global economy.
What type of economy does North America have?The economy of the North America is one of the biggest economy in the world. Its economy is classed as sophisticated and mixed. It is one of the world's most powerful economies. This contributes to a region's increased job opportunities.
Thus, it contributes to the nation's economy, which in turn supports the global economy.
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Will give brainlest
1. Define scarcity in terms of wants.
2. What are the three questions of economics?
3. Land, labor, capital, and entrepreneurship are called what economic term?
4. What is another word/term for an entrepreneur?
5. What is the reason most individuals want to open a new business?
6. Jim spends two and a half hours and $40 at the movies the night before an exam. What is the opportunity cost of this decision?
7. In a command economy, who decides what goods and services will be produced?
8. In capitalist economies how are prices set?
9. What is happening in the graph? (Supply or demand, increase or decrease, and is it quantity or not?)
10. What happens to the price and to quantity at this new equilibrium?
11. The law of supply says that as price rises, what will happen?
12. What will a high price do to consumers buying, and what will it do for producers?
13. If gas production drops for the year, how would it affect prices?
14. The law of Demand says when the price rises, the quantity demanded ________, and when prices fall, the quantity demanded of a good will __________.
15. If items are economic compliments, and demand for one increases, what will happen to the other item, typically?
16. Due to technological advances, individuals are able to buy and download music from the Internet as opposed to simply buying music from a store.
How would this technology affect the compact disc market? (Supply or demand? Increase
or decrease?)
17. What are the determinants of supply?
18. What do consumers do in the market to impact or influence what is produced?
Answer:
1. Scarcity is the inability to satisfy ones wants using the means available to them
2. Many have defined Economics as a social science that examines the relationship between
ProductionDistribution and Consumption of products and services.So the three questions are:
What will be produced?
Who will consume the products?
How will it get to the consumer?
3. Land, Labor, capital, and entrepreneurship in economic parlance collectively called the factors of production. Many schools of thought have also added Information to that list.
4. Another word for an entrepreneur is a business owner
5. Most businesses are set up to make a profit. Others to meet an intrinsic goal. However, because every business must operate sustainably, even not-for-profits must at least breakeven to remain in existence
6. The opportunity cost of a thing is the benefit forgone in order to have or possess that thing. The opportunity cost to Jim is the risk of failing the exam giving that he should be prepping of getting ready for the same.
7. In a command economy, the government is in control of all the factors of production and so decides what goods and services will be produced.
8. In capitalist economies, prices are determined by the forces of demand and supply
9-10. the graph was not supplied. Hence the answer could not be provided.
11. The law of supply says that as price rises, (all things being equal), supply will follow in the same direction. This is because rising prices is favorable to the manufacturer of the product as they stand to make more profit.
12. High prices will force demand by consumers down. Consumers also want to maximize value. That is, they want to get the best at the lowest price possible. Hence, for consumers, high prices (all things being equal) will translate to lower quantity purchased.
Producers on the other hand will (all things being equal) attempt to push out more of their products in order to take advantage of the high prices to make more profit.
13. Gas production will most likely translate to increased prices. The demand for gas is inelastic because it is an essential commodity. Hence a drop in the volume available for purchase (all things being equal) will create an upward spiral in prices.
14. The law of Demand says when the price rises, the quantity demanded (all things being equal) goes in the opposite direction, and when prices fall, the quantity demanded of a goodwill (all things being equal will go the opposite direction.
15. Demand for Complimentary or joint goods such as smartphones, data and call credit usually go in the same direction (all things being equal).
16. Advances in technology is leading to a decrease in the supply and demand for compact disk. Because of the availablility of songs and videos online and ease of access to them via the same media, the demand for compact discs which take up a lot of physical space and usually more expensive is take a downward run. This, in turn, is discouraging more production hence the lower the supply of same.
17. The determinants of supply are:
Cost of raw materials/inputs Productivity Technology: Better technology will translate to increased supply The Number of sellers: the more sellers there is, the more supply there is. Taxes and subsidies: Supply and taxes usually go in the opposite direction. Subsidies and supply usually go in the same direction. Government regulations: This can stop the supply for a goods or service completely or enhance it greately Price Expectations: When supplier expectations about prices are positive, supply goes up. Positive expectation is that the prices will go up.18. Consumers in order to impact or influence what is produced can choose between substitutes. These choices reflect why they go for a particular service, hence forcing other suppliers to follow the factors which drive demand.
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High performance work practices build human capital, which improves performance as employees develop skills and knowledge to perform the work. True False
Answer:
True.
Explanation:
An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.
Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).
Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.
Hence, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization.
Furthermore, the human resources manager carry out appraisals on the performance of the various employees working in an organization. These informations about employees are typically used for promotional purposes, allowances and other benefits or form of rewards.
Typically, high performance work practices by employees working in an organization generally build human capital and by extension improves the performance of these employees through the development of skills and requisite knowledge to perform their work.
What is the difference between elastic and inelastic demand? Give 5 points?
Explanation:
Elastic demand means there is a substantial change in quantity demanded when another economic factor changes )
inelastic demand means that there is only a slight (or no change) in quantity demanded of the good or service when another economic factor is changed.
Corrigan was the sole proprietor of Tastee Burgers, a restaurant. In 2018, Bergdahl allegedly suffered from food poisoning after eating lunch at Tastee Burgers. In 2019, Corrigan died and left everything, including Tastee Burgers, by will to his niece, Layla. Layla then reorganized Tastee Burgers as a limited liability corporation with her best friend Horowitz. In 2020, Bergdahl filed a lawsuit for $500,000 against Tastee Burgers for long term health effects from the food poisoning. Layla and Horowitz have denied responsibility for the injuries and seek a dismissal of the lawsuit. What should the court decide
Answer:
The court should grant a dismissal.
Explanation:
Since the both Layla and Horowitz had seek a DISMISSAL OF THE LAWSUIT, the court should decide to grant a DISMISSAL reason been that a sole proprietor is a SOLE OWNER of a business which means that SOLE PROPRIETORSHIPS is a one man business or a business own by one person and since the sole owner of the business is dead based on the information given in the scenario the sole proprietorships should as well be TERMINATED.
Therefore THE COURT SHOULD GRANT A DISMISSAL.
Which exit strategy can you use when you are unable to locate a buyer for your business?
A.
file for tax returns
B.
venture into a new business
C.
repay your loans
D.
liquidate the business
In tort law, what is proximate cause?
A. The idea that a person's breach of duty directly led to an injury
B. The idea that people can be restrained if there is justification for it
Ο Ο Ο
C. The idea that people use reasonable force to protect themselves
OD. The idea that a person failed to perform a specific duty
Answer:
B. The idea that people can be restrained if there is justification for it
Explanation:I just took the test
You purchase $300 worth of the same stock every quarter for one year at prices per share of $15, $12, $10, and $20, respectively. By using this dollar-cost averaging strategy, you paid less overall than the average share price of $14.25. What was the average cost per share that you paid?
please help
Answer:
$13.33
Explanation:
The average cost of purchase for each stock throughout the year will be $13.33 per share.
What is the average cost?Average cost refers to total cost incurred divided by the total quantity purchased for such product. Using the given information, the average cost per share can be calculated as,
Total Cost will be $1200, as $300 worth of shares were purchased in each quarter. And the total quantity accumulated throughout this period was 90 shares.
So, the average cost per share will be,
[tex]\rm Average\ Cost\ = \dfrac{Total\ Cost}{Total\ Quantity}\\\\\rm Average\ Cost\ = \dfrac{1200}{90\\}\\\rm Average\ Cost\ =\$13.33[/tex]
Hence, the average cost per share will be $13.33 for shares purchased throughout the year.
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what is profit and loss account
La cuenta de pérdidas y ganancias (P&G) es un estado financiero que resume los ingresos, los costos y los gastos incurridos durante un período específico, generalmente un trimestre o año fiscal. La cuenta de pérdidas y ganancias es sinónimo de la cuenta de resultados. Estos registros proporcionan información sobre la capacidad o incapacidad de una empresa para generar beneficios mediante el aumento de los ingresos, la reducción de los costos o ambos. Algunos se refieren al estado de ganancias y pérdidas como un estado de ganancias y pérdidas, estado de resultados, estado de operaciones, estado de resultados financieros o ingresos, estado de ganancias o estado de gastos
Answer:
Explanation:
Profit and loss is not an account. It is calculated by taking the difference between the revenues minus the expenses of a business. If there are more revenues than expenses, the difference is positive or a Profit. If there are more expenses than revenues, the difference is a negative or a Loss.
The CEO of a business firm wants to increase the productivity of the employees while minimizing the labor costs incurred by the company. He decides to pay a monthly salary to full-time staff members. However, he also wants to compensate employees for exceptional work through bonuses at the end of every fiscal year. In the given scenario, the CEO can use a _____ to tie a portion of the compensation to employee effort.
Answer:
c. pay-for-performance standard
Explanation:
Pay-for-performance compensation means that there is the payment is made that depend upon the performance. In this, the employee can get the incentive and reward for attaining the goals & objectives also at the same time they would be highly motivated to perform better
So as per the given situation, it is a pay-for performance standard situation
Only a fraction of people who are unsatisfied actually complain. True False
Answer:
True
Explanation:
Gomer decides to spend an hour playing basketball rather than studying. His opportunity cost is: Group of answer choices the increase in skill he obtains from playing basketball for that hour. the benefit to his grades from studying for an hour nothing, because he had a free pass into the sports complex to play basketball. nothing, because he enjoys playing basketball more than studying.
Answer:
the benefit to his grades from studying for an hour
Explanation:
Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
In this scenario, Gomer decided to spend an hour playing basketball rather than studying his books. Thus, his opportunity cost is the benefit to his grades from studying for an hour.
This ultimately implies that, if he had spend the time he used in playing basketball to study, it would have added value to his grades.
current expenditure is money spent on goods and services consumed within:
A) one year
B) three years
C) five years
D) ten years
Answer:
A) one year
Explanation:
As the name implies, current expenditure is an accounting term used to classify the total cost incurred on an item presently (or currently) within one year.
For example, It would be out of place to classify the projected cost of renting a facility in the next three years as a current expenditure if payment would be made in the future.
Most federal cases begin at
A. the U.S. Supreme Court
B. regional courts of appeal
C. district courts
D. the federal court of appeal
Answer:
C: district courts
Explanation:
it all starts from 1987 at SEPTEMBER 11 dominic joerge was presented the federal cases from Washington and Newyork and more.
Brown Co. pays weekly salaries of $10,500 on Friday for a five-day workweek ending on that day. Assuming the end of the accounting period ends on Wednesday, the adjusting journal entry will include a a.credit to Wages Expense for $6,300. b.credit to Wages Expense for $10,500. c.credit to Wages Payable for $6,300. d.credit to Wages Payable for $4,200.
Answer:
c.credit to Wages Payable for $6,300.
Explanation:
The journal entry to record the wages expense is shown below;
Wages expense dr ($10,500 × 3 ÷ 5) $6,300
To Wages payable $6,300
(being the wages expense is recorded)
Here the wages expense is debited as it increased the expense and credited the wages payable as it increased the liabilities
A short-term savings strategy is usually designed to:
A. maximize the growth of money used for investments.
B. make sure a person has money available in an emergency.
C. increase the income a person earns by having a job.
D. allow a person to spend nearly all of the money he or she makes.
SUBMIT
Answer: B. Make sure a person has money available in an emergency. (Thanks 22ogarthwaite)
Explanation: A P E X
A short-term savings strategy is usually designed to make sure a person has money available in an emergency.
What is short term savings?An amount kept aside by an individual for the purpose of utilization in a very short span of time with a contingent purpose, is known as short term savings.
Hence, option B is true regarding short term savings.
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What does the business cycle shown on this graph suggest about the condition of the economy at point A?
A. the economy is getting worse and will continue to climb in for another quarter
B. the economy has struggled for some time but is preparing to recover
C. the economy has been well for a while and is at its highest point of the cycle
D. The economy is in a period of growth that will continue for some time
Answer:
C the Ecenomy has been well for while and is
at its highest piont of the cycle
Explanation:
hope it helps
Answer:
The economy is in a period of growth that will continue for some time
Explanation:
The owner of Firewood To Go is considering buying a hydraulic wood splitter which sells for $50,000. He figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. How many cords of wood would he have to split with this machine to break even
Answer:
The correct answer is "2000 units".
Explanation:
Given:
Fixed cost,
F = $50,000
Variable cost,
VC = $100 per unit
Price,
P = $125 per unit
Let the units to be sold be "x".
Throughout the case of breakeven,
⇒ [tex]Total \ revenue=Total \ cost[/tex]
⇒ [tex]125x=50000+100x[/tex]
On subtracting "100x" from both sides,
⇒ [tex]125x-100x=50000+100x-125x[/tex]
⇒ [tex]25x=50000[/tex]
⇒ [tex]x=\frac{50000}{25}[/tex]
⇒ [tex]=2000 \ units[/tex]
Michael puts $600 in a savings account that increases with a 5.25% interest compounded annually. Write a function that represents the amount of money in Michael's account and find how much money will Michael have in his account after 6 years if there are no withdrawals or deposits. Round to the nearest cent.
Answer:
FV = PV (1 + r) ^ n and $815.61
Explanation:
The amount of cash which will have accrued by a given date resulting from earlier single sum or period investments is known as the Future Value (FV) and represented by the following function :
FV = PV (1 + r) ^ n
where,
PV = Principle amount
r = interest rate
n = number of periods for which investment is to receive interest
Using the Function we can determine the amount Michael have in his account after 6 years :
FV = PV (1 + r) ^ n
= $600 x (1.0525) ^6
= $815.61
In early year 8, Alice sold Tom, her son, 20 shares of common stock for $20,000. Alice had paid $25,000 for the stock in year 2. In late year 8, Tom sold the stock to an unrelated third party for $35,000. How much gain must Tom report in his year 8 tax return for the sale of the stock
Answer:
He must report 15,000 gain in his year 8 tax...........
can some give me easy questions to answer?
Answer:
what is yours father put your name .
how lighting occur ...
. In January, Vorst Co. purchased a mineral mine for $2,640,000 with an estimated 1,200,000 of removable ore. After it has extracted all the ore, Vorst will be required by law to restore the land to its original condition at an estimated cost of $180,000. Vorst believes that it would be able to sell the property afterwards for $300,000. During the year, Vorst incurred $360,000 of development costs preparing the mine for production and it removed and sold 60,000 tons of ore. In its year-end income statement, what amount should Vorst report as depletion
Answer:
$144,000
Explanation:
Calculation to determine what amount should Vorst report as depletion
First step is to calculate the Depletion base using this formula
Depletion base= Purchase price +Development costs+Estimated restoration costs-Expected salvage value
Let plug in the formula
Depletion base=$2,640,000+ $360,000+$180,000-$300,000
Depletion base=$2,880,000
Second step is to calculate the depletion
Depletion= ($2,880,000 / 1,200,000 tons).
Depletion=$2.40 per ton
Now let calculate the Depletion expense
Depletion expense =$2.40 per ton ×60,000 tons sold
Depletion expense=$144,000
Therefore the amount that Vorst should report as depletion is $144,000
The project managers for TechBooks are demonstrating to the marketing team the new features of the site that deliver personalized content to the user. When a user clicks on a web ad offering a 25% discount, it goes directly to a web page with information about the offer. What method of user personalization does this describe?
The Food and Drug Administration in the United States works to protect citizens from harmful products and companies must meet the regulations it sets. Which classification of nonquantitative nontariff barrier does this represent
Answer:
It prevents an imported good form being priced lower than the domestic good. ... decided to lower its export price in order to force the domestic producers in the importing nations out of business. Once these competitors are gone.
Answer:
Standards
Hope this answer helps you :)
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Mark brainliest
cuanto dura un partido de futbol salA?
La duración del juego es de 90 minutos, con cambio de extremos y un intervalo no mayor de 15 minutos después de los 45 minutos. El árbitro puede tener en cuenta el tiempo perdido en cada mitad. Una vez finalizado el partido, el equipo que marca más goles (el número de veces que el balón entra en la portería) es declarado ganador.
Espero que esto te ayude ❤️Answer:
Un partido de fútbol sala dura 40 minutos dividido en dos tiempos de 20 minutos cada uno.
Explanation:
different between profession and professional human resources in points
Answer:
Explanation:
Hi
Which of the following statements is TRUE? A. By INCREASING the number of payments per year, you BOOST your total cash outflow but INCREASE your effective borrowing rate. B. By INCREASING the number of payments per year, you REDUCE your total cash outflow but DECREASE your effective borrowing rate. C. By INCREASING the number of payments per year, you REDUCE your total cash outflow but INCREASE your effective borrowing rate. D. By DECREASING the number of payments per year, you REDUCE your total cash outflow but INCREASE your effective borrowing rate.
In the definition of GDP, the words "total market value" refer to total Question 6 options: dollar value at base prices. dollar value at current prices. subjective value. objective value. a and d
Answer:
dollar value at current prices
Explanation:
In GDP, the formula for calculating a shareholder's total market value is evaluating dollar values at current prices. For example, if a company had 5 shares worth 8 dollars each, you would multiply 5 by 8 to get 40 as an answer. So, the answer is B. Hope this helps!
In the definition of GDP, the words "total market value" refer to dollar value at current prices. Thus, the correct answer is option b.
What is GDP?The total market value of all finished products and services produced annually within a nation's borders over a given time period is known as the gross domestic product, or GDP. It covers all finished products and services, i.e., those created by economic agents based in that nation, independent of ownership, and not at all resold.
To compare living standards between countries, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful, whereas nominal GDP is more useful for comparing national economies on the global market. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries. It serves as the primary indicator of output and economic activity all over the world.
Therefore, the words "total market value" in the definition of GDP refer to dollar value at current prices.
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8) How can using a credit card affect your credit score in a good way? In a bad way?
Answer:
Explanation:
Good way: using your credit card and paying off the balance each month and on time can increase your credit score. Also, having a large credit limit affects the credit positively
Bad way: paying your balances late or not at all is bad for your credit.
An environmental service employee of the hospital was called to the vascular surgery floor to clean the floor where a bag of potassium chloride had spilled. After cleaning the floor, the employee failed to place any signs advising others of a wet floor. Mrs. Jones, a hospital visitor, fell on the wet floor and injured her back. She incurred medical expenses of $560.00 and lost wages in the amount of $1000.00. She brought suit and the jury awarded her $1560.00, representing reimbursement of the medical expenses and lost wages, plus $10,000 for the jurors perceived recklessness on the part of the hospital. What is the $10,000 amount considered
Answer:
Punitive Damages
Explanation:
The $10,000 awarded by the jurors is a punitive damages to the organization because it serves as a kind of punishment to deter future occurrence of such conduct (recklessness)
A short run production function of a competitive firm is given by Y= 6L^(2/3) where Y represents the units of output while L is the labour required. If Price (P)= 3 and Wage (W)= 6, how many units of labour (L) will the firm hire?
I need help with this, thank you!!!!!!!!!
Answer:
Economists often use a short-hand form for the production function: Q=f[L,K] Q = f [ L , K ] , where L represents all the variable inputs, and K represents all the fixed inputs.To determine the optimal capital-labor ratio set the marginal rate of technical substitution equal to the ratio of the wage rate to the rental rate of capital: K L = 30 120 , or L = 4K. Substitute for L in the production function and solve where K yields an output of 1,000 units: 1,000 = (100)(K)(4K), or K = 1.58.The production function is f(x1, x2) = x1/21x1/22. If the price of factor 1 is $12 and the price of factor 2 is $24, in what proportions should the firm use factors 1 and 2 if it wants to maximize profits? x1 = 2x2.There is no difference between fixed and variable factors of production. There are 3 stages namely, increased returns, constant returns, and decreasing returns, and no stage is considered best for the long run.Least Cost Rule: production at least cost requires the ratio of labor's marginal product to its price equals the ratio of capital's marginal product to its price. The amounts of labor and capital employed must be adjusted, all the while keeping output constant, until this condition is achieved.
Explanation: