Option c is Correct. According to studies, a 10% rise in the minimum wage will result in a 1–3% decrease in teen employment. A mandatory minimum salary could deter workers from looking for work.
If the market wage is high since there will be fewer openings. The outcomes of the search model agree with the monopsony model: Theoretically, a minimum wage might lower unemployment. review of theory and the literature.
In a model of a competitive labor market, a minimum wage set above equilibrium results in a drop in employers' labor demand and the displacement of some workers, leading to unemployment. According to economists' studies, a 10% rise in the minimum wage results in a 10% drop in teen employment.
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Correct Question:
Studies show that a 10 percent increase in the minimum wage
a. Decreases teenage employment by about 10 to 15 percent
b. Increases teenage employment by about 10 to 15 percent
c. Decreases teenage employment by about 1 to 3 percent
d. Increases teenage employment by about 1 to 3 percent
if the goal of marketing research is to shed light on the real nature of a problem and to suggest possible solutions or new ideas, the research is said to be
Answer:
Explanation:
Such research is termed as exploratory.
Marketing research is explained as any technique or a set of practices that companies use to collect information to analyze their target market better.
Organizations use this data to make better their products, increase their UX, and offer a good product to their customers. Marketing research is observed to determine what the customers want, and how they react to products or features of a product.
Four standard marketing research methods
The four most usual marketing research methods are surveys, interviews, customer observations, and united groups. You can research different ways without restrict us to just a particular way.
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4al obtained a mortgage of $195,000 at 5.25 percent for 15 years. how much of the second monthly payment is applied to interest?.35/12
In the second monthly payment, $843.35 would go towards interest and the remaining $906.65 would go towards principal.
The second monthly payment on a mortgage of $195,000 at 5.25 percent for 15 years is $1,750. Of this payment, $843.35 is applied to interest and the remaining $906.65 is applied to principal. This monthly payment is fixed and will remain the same throughout the life of the loan. This payment structure remains the same throughout the life of the loan, ensuring the borrower can plan their monthly budget accordingly.
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boyer industries has fixed costs of $600,000 and variable costs are 60% of sales. how much sales revenue will boyer report when its net income equals $60,000?
The sales revenue required to report a net income of $60,000 is $900,000
How did we get the values?To find the sales revenue, we need to equate the net income to the profit, which is equal to total revenue minus total costs (fixed and variable).
Profit = Total revenue - Total costs
Total costs = Fixed costs + Variable costs
Substitute the given values into the equations:
$60,000 = Total revenue - ($600,000 + 0.6 * Total revenue)
Expanding the variable costs term:
$60,000 = Total revenue - $600,000 - 0.6 * Total revenue
Rearranging the equation:
$60,000 + 0.6 * Total revenue = Total revenue - $600,000
0.4 * Total revenue = Total revenue - $600,000 + $60,000
0.4 * Total revenue = Total revenue - $540,000
0.6 * Total revenue = $540,000
Total revenue = $540,000 / 0.6
Total revenue = $900,000
So, the sales revenue required to report a net income of $60,000 is $900,000.
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without an increase in the supplies of factors of production, how can a nation achieve economic growth?
A nation achieve the economic growth through technological advancement which enables more output with the same quantity of resources.
What is economic growth?Economic growth refers to the increase in the production of goods and services within an economy over certain period of time. It is measured by the gross domestic product (GDP), which is the sum of all goods and services produced in a country in a year. Economic growth can be achieved through various factors such as increased investment, technological advancements, improved infrastructure, and favorable business conditions. A growing economy results in increased job opportunities, higher salaries, and improved living standards. However, economic growth also has negative consequences such as income inequality, environmental degradation, and resource depletion. A balanced and sustainable economic growth is crucial for a country's overall development and well-being.
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convexity arises because: multiple choice bonds pay interest semiannually. coupon changes are the opposite sign of interest rate changes. duration is an increasing function of maturity. present values are a nonlinear function of interest rates. duration increases at higher interest rates.
Convexity arises because of several reasons, including the fact that bonds pay interest semiannually and coupon changes are the opposite sign of interest rate changes. Additionally, duration is an increasing function of maturity, meaning that as the maturity of a bond increases, its duration also increases.
This results in a more significant change in the bond's price for a given change in interest rates. Furthermore, present values are a nonlinear function of interest rates, meaning that a small change in interest rates can result in a disproportionately large change in the present value of a bond. Finally, duration increases at higher interest rates, meaning that as interest rates increase, the bond's price is more sensitive to interest rate changes. These factors all contribute to the convexity of bond prices, which is the curvature of the relationship between the bond's price and interest rates.
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which type of unemployment is caused by job search and the difficulties of finding or filling a position?
The answer is frictional unemployment, is the type e of unemployment is caused by job search and the difficulties of finding or filling a position.
What is the straightforward description of unemployment?When a person has the ability and desire to work but is unable to do so, they are considered to be unemployed. According to the Bureau of Labor Statistics (BLS), unemployed people are individuals who don't have a job but are willing to work and have looked for one in the previous four weeks.
What does "unemployment" mean in India?A person is considered to be unemployed for the day if they do not engage in any paid labor, not even for an hour. Approach to Weekly Status: This method emphasizes the history of people who were without gainful employment or unemployed for even one hour on any day of the week prior to the survey date.
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while waiting in line to buy two tacos at $1 each and a medium drink for $1.25, jordan notices that the restaurant has a value meal containing three tacos and a medium drink all for $4. for jordan, if he buys the value meal, then the marginal cost of the third taco would be:
The marginal cost of a good or service is the cost of producing one additional unit of that good or service.
In this case, the marginal cost of the third taco for Jordan is the cost of buying an additional taco as part of the value meal compared to buying just two tacos separately.
To calculate the marginal cost of the third taco, we can subtract the total cost of two tacos and a medium drink from the total cost of the value meal:
Cost of two tacos and a medium drink = $1 * 2 + $1.25 = $2.25
Cost of the value meal = $4
Marginal cost of the third taco = $4 - $2.25 = $1.75
Therefore, the marginal cost of the third taco for Jordan is $1.75. This means that if Jordan buys the value meal, the third taco will cost him $1.75.
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when a company asks a creditor for a loan, what factor is a short-term creditor primarily interested in?
Long-term returns are what short-term creditors consider. They are worried about ratios like working capital and current ratio.
What does a short-term creditor care about most?Liquidity ratios, which can provide details about a company's liquidity and how quickly it can convert things like accounts receivable and inventory to cash, might be of particular importance to short-term creditors.
Would a short-term creditor be primarily concerned with a borrower's liquidity?The ability of a corporation to pay off short-term debt with current assets is the main worry of short-term creditors, hence they focus on the liquidity ratio that emphasizes cash flow.
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in a classified balance sheet, long-term physical assets used in the normal course of business are known as multiple choice investments. property, plant, and equipment. intangible assets. total assets.
Long-term physical assets employed in corporate operations are referred to as fixed assets. Due of the long-term financial benefits they provide, they are classified as property, plant, and equipment (PP&E) on the balance sheet.
Assets are divided into many classes on a categorised balance sheet, including fixed assets, current assets, real estate, investments, long-term assets, and intangible assets. An account that a business intends to hold for at least a year, such as stocks, bonds, real estate, and cash, is a long-term investment. Assets that are largely kept for trade are considered current assets, as are those that are anticipated to be sold, consumed, or otherwise realised in cash during the first year or business cycle after the reporting period.
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a computer crime can be committed by a corporate insider, such as an employee, or by an outsider, such as a(n) .
A computer crime can be committed by a corporate insider, such as an employee, or by an outsider, such as a hacker.
A hacker is a person who uses technical skills to gain unauthorized access to a computer system or network. They can use this access to steal sensitive information, cause damage to the system, or use the system for their own purposes.
Computer crimes committed by corporate insiders, such as employees, can also be serious. For example, an employee may use their access to sensitive information for personal gain or to cause harm to the organization.
In some cases, employees may also intentionally or unintentionally introduce malware or other threats into the system, causing damage to the organization's data and systems.
It is important for organizations to implement security measures and establish policies and procedures to prevent both insider and outsider threats to their computer systems.
This can include regular security audits, training for employees, and the use of security technologies such as firewalls, intrusion detection systems, and encryption.
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the simplest way to think about throughput is the quantity of work completed.a.trueb. false
The simplest way to think about throughput is the quantity of work completed. The given statement is true.
The quantity of work completed in a specific period of time, commonly referred to as throughput, is a key measure of efficiency and productivity in operations and production systems. Throughput measures the amount of product or service produced by a system and can be calculated by dividing the total output by the total input. In many organizations, the goal is to maximize throughput by reducing bottlenecks and increasing efficiency. This can be achieved through various means such as streamlining processes, investing in technology and equipment, and improving the skills and knowledge of employees. By focusing on improving throughput, organizations can increase their output, reduce waste, and ultimately achieve greater success. It is important to note that while throughput is a useful metric, it should not be the sole focus of an organization.
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Which of the scenarios are examples of an economic signal?Purchases of floppy disks and CDs decline dramatically as the demand for online streaming of similar goods increases.Companies begin hiring more people after a long period of high unemployment in the United States. Prices in housing markets fall.The market price for toilet paper has not changed over the last 10 years.
All of the scenarios can be considered examples of an economic signal. Economic signals can be observed in changes in consumer preferences, shifts in labor market conditions, changes in supply and demand for goods and services, and stability in market prices.
Purchases of floppy disks and CDs declining dramatically as the demand for online streaming of similar goods increases is an example of a shift in consumer preferences and demand, which is a key signal in economics.
Companies beginning to hire more people after a long period of high unemployment in the United States is an example of an improvement in the labor market, which is also a significant signal in economics.
Prices in housing markets falling is an example of a change in the supply and demand for housing, which can indicate changes in the overall economy.
The market price for toilet paper not changing over the last 10 years can be seen as a signal of stability in the market for that particular good, which can provide insight into the broader economic conditions.
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what famous american filed the first patent on a process using strips of clear plastic photos and film?
Answer: Alexander Parkes
Explanation: Parkes patented his discovery as Parkesine in 1862 after realising a solid residue remained after evaporation of the solvent from photographic collodion.
sales were $7810000, sales discounts were $90000, sales returns and allowances were $20000, and the cost of merchandise sold was $4240000. what was the amount of gross profit
Net sales are reduced by the cost of goods sold to arrive at the gross profit. The amount of gross profit is 3460000.
Gross profit is the amount of money a business makes from the sale of its products before deducting any indirect expenses, such as selling and administrative expenditures. Gross profit, commonly referred to as net income, is the money retained by a business after deducting the costs associated with producing, marketing, and providing its products or services. The outcome of deducting cost of goods sold (COGS) from revenue is a company's gross profit, which is shown on its income statement (sales). The income statement of a business will include these numbers.
Net Sales = Sales - sales discount - sales returns and allowances
Net Sales = $7810000- $90000 - $20000
Net Sales = $7700000
Cost of merchandise sold = $4240000
Gross Profit = Net Sales - Cost of merchandise sold
Gross Profit = $7700000- $4240000= $3460000
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In cell i5, enter a formula to calculate the gross corporate revenue for the first workshop by multiplying the cost per attendee by the number of corporate attendees. Copy the formula to the range i6:i8
Gross income is the total of all incomes, salaries, profits, interest payments, rents, and other kinds of income for families and people before any deductions nor taxes.
It contrasts with taxable profit, which is the gross income less any applicable taxes and other deductions. Gross income for a business is the amount that remains before overhead, payroll, taxes, and interest payments have been subtracted from the revenue received and the cost of producing a good or performing a service. Although the phrases are distinct, gross margin and gross profit are usually used synonymously. when discussing a dollar number. In other words, while net income is a monetary value, operating margin is a percentages value.
Revenue from Gross Education = C* N* (1-D)
where N = The number of education attendees, and C = The cost of education per participant
Education discount rate is D.
You must copy this formula and put it into cells J5 through J8.
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northwest lumber had a profit margin of 7.35%, a total assets turnover of 1.5, and an equity multiplier of 2.0. what was the firm's roe
the ROE for Northwest Lumber is 22.05%. This means that for every dollar of shareholder's equity, the company earns 22.05 cents of net income.
The ROE (Return on Equity) formula is calculated as follows:
ROE = Net Income / Shareholder's Equity
To calculate the net income, we can use the DuPont Model, which breaks down ROE into three components:
ROE = (Profit Margin) * (Total Asset Turnover) * (Equity Multiplier)
Plugging in the values for profit margin, total asset turnover, and equity multiplier, we have:
ROE = (7.35%) * (1.5) * (2.0)
ROE = 22.05%
Therefore, the ROE for Northwest Lumber is 22.05%. This means that for every dollar of shareholder's equity, the company earns 22.05 cents of net income.
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2 A fall in the price of crude oil from $90 per barrel to $80 per barrel leads to an infinite fall in
quantity supplied
The price elasticity of demand with an infinite decrease in quantity supplied would be infinite.
Infinite elasticity, also known as perfect elasticity, is a scenario in which either the quantity demanded (Qd) or the quantity supplied (Qs) shifts by an infinite amount in response to any price change at all. This is an extreme example of the concept. The supply curve and the demand curve both have a line in both of these scenarios.
An extreme case would be a demand that is perfectly elastic. When we talk about perfect elastic demand, we imply that the quantity required will go all the way to infinity when the price goes down, but it will go all the way down to zero when the price goes up. You can think of perfectly elastic demand as "all or nothing" when consumers are particularly sensitive to changes in price. This is because consumers in this situation will either buy everything or nothing at all.
Your question is incomplete, but most probably your full question was:
A fall in the price of crude oil from $90 per barrel to $80 per barrel leads to an infinite fall in quantity demanded. Calculate the price elasticity of demand?
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On july 1 a company receives an invoice for $800 with the terms 1/10 net 30. On July 15, the payment should be: _____________
The answer is 793$, On July 1 a company receives an invoice for $800 with the terms 1/10 net 30. On July 15, the payment should be 793$.
What's in a bill of lading?An invoice is a specific commercial document that lists each item provided to the client, the total amount owed, and the preferred mode of payment. The customer may receive invoices from the seller on paper or electronically.
What do you call an invoice?A business document known variously as an invoice, bill, or tab is one that a seller issues to a buyer in connection with a sale transaction and which lists the goods, quantities, and agreed-upon prices for goods or services the seller has given the customer.
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which of the following is correct? question 3 options: a decrease in the productivity of labor leads to economic growth. an increase in the quantity of labor always leads to economic growth. increased education adds to the stock of human capital. third world countries are rich in human capital.
Increased education enhances the stock of human capital in a manner similar to how building factories increases the stock of physical capital. So, option c is the best decision.
The idea is that education enhances people's technical and general intellectual abilities, increasing their capacity to create in the workforce. It follows that investing in education is wise and that people are not simply a source of cheap labor but also a sizable store of wealth.
Increased education enhances the stock of human capital in a manner similar to how building factories increases the stock of physical capital. The assertion holds that educated people are comparable to human capital and that human finances rise as education does.
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determining the need for labor, machines, physical resources to meet the production objectives of the firm is called:
Determining the need for labor, mac-hines, physical resources to meet the production object-ives of the firm is called: capacity planning.
What Is Capacity Planning?A capacity planning pro-cess involves determining how much production capacity is re-quired to meet changing dem-and for products. Design capacity refers to an organ-ization's maximum capacity to accomplish work over a given time period in capa-city planning.
Capacity plan-ning process is used by organ-izations to determine their pro-duction capacity in order to me-et the changing needs of their products. A design capacity is an organ-ization's maximum ability to complete a specified am-ount of work in a given time period, in the con-text of capacity planning.
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stockholders are only one group of stakeholders. who are the stakeholders important to me inside the organization?
Stakeholders are individuals or groups who have a vested interest in the success and wellbeing of an organization. Within an organization, stakeholders can include employees, customers, suppliers, and lenders, in addition to stockholders.
The stakeholders that are most important to you within the organization will depend on your role and responsibilities within the company. Here are some of the stakeholders that are important to different individuals within an organization:
Employees: Employees are an important stakeholder group for the organization, as they contribute to the company's success through their work. They may also have a vested interest in the company's success, as they may receive benefits such as health insurance and retirement plans.
Customers: Customers are an important stakeholder group for the organization, as they provide the revenue that the company needs to operate. Companies that prioritize their customers' needs and provide high-quality products and services are more likely to have long-term success.
Suppliers: Suppliers are an important stakeholder group for the organization, as they provide the raw materials and components needed to produce the company's products. Companies that have good relationships with their suppliers are more likely to have access to high-quality materials and components at a reasonable cost.
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when will the irs issue refunds with earned income credit?
Answer: I just checked mine and it FINALLY updated to being refunded on the 23rd of this month. I believe they have to wait a little longer with the EIC to ensure everything is correct.
Explanation:
when disclaiming an opinion due to a client imposed scope limitation, an auditor should indicate in a separate section why the audit did not comply with generally accepted auditing standards. the auditor should also omit the
When the auditor retracts an opinion due to a scope restriction, the auditor must provide an explanation in a separate paragraph or paragraphs as to why the auditor did not follow GAAS. The auditor should similarly exclude the scope paragraph.
What might lead an auditor to issue a disclaimer of opinion after an audit?Auditors may express a disclaimer of opinion for a variety of reasons, including the company's perceived constraints on their ability to conduct an exhaustive audit or their inability to acquire sufficient answers to their questions.
What does a disclaimer of opinion due to a scope constraint mean?A disclaimer of opinion can only be made if there is a restriction on its scope. The errors in this case are significant and pervasive. Or, to put it another way, a large percentage of accounts cannot be verified since the auditor was unable to assemble sufficient relevant audit evidence to support its audit.
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Why is it important to include industrial terminology in a resume? How can you find industrial terminology?
Industry terminology will show you are "current" with the profession and know what the trends are at this time.
A terminology list or glossary is a listing of phrases and terms with their expected translation. they are beneficial for making sure that your translations are consistent throughout your undertaking.
Such as industry terminology will show you're "contemporary" with the career and understand what the tendencies are at this time. To determine industry terminology, carry out an internet seek of the job title or career and spot what terms arise frequently. if you are uncertain of a few terms, appearance them up.
Terminology allows us to fully recognize precise subjects. properly-defined terminology can assist human beings across numerous industries to communicate greater efficaciously. true terminology work reduces ambiguity and increases readability, which makes it an important aspect of pleasantness.
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which supply chain planning process is defined as a hierarchical planning process that translates annual business plans, marketing plans, and demand forecasts into a production plan for a product family in a plant or facility?
Aggregate production plan is a production plan is defined as a hierarchical planning process that translates annual business plans, marketing plans, and demand forecasts into a production plan for a product family in a plant or facility.
A technique for creating a comprehensive manufacturing plan that guarantees continuous production at a facility is called aggregate planning.
A 3- to 18-month time frame is commonly used for aggregate production planning. A facility's production activities are all included in aggregate planning.
Aggregate planning aims to reduce operational expenses by matching production capacity with demand. An aggregate plan details what supplies and other resources are required, as well as when they should be bought in order to keep costs down.
Aggregate planning should aim to maximise facility output at the least expensive price for the manufacturer.
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how did this affect japanese american farmers and restaurants who would have to start over and rebuild their communities?
the concentration camps of the internment era led to the dispersal of Japanese Americans.
Thousands of people make up the Japanese American population today, which is widespread across the country and plays important roles in most professions. In a cruel irony, Japanese Americans were dispersed as a result of the internment camps because uprooted internees decided to seek their fortune elsewhere in the nation. Similar to how the Issei originally lured the Issei across the Pacific more than a century ago, generations following the war have pursued success in the whole spectrum of American career sectors, from commerce and the skilled trades to politics, education, and the arts. In the meantime, the accomplishments of famous figures like U.S. Senators S.I.
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in a system with fractional-reserve banking: all banks must hold reserves equal to a fraction of their loans. the banking system completely controls the size of the money supply. no banks can make loans. all banks must hold reserves equal to a fraction of their deposits.
All banks are required to retain reserves in a system that applies fractional reserve requirements in relation to deposits. The recommended choice is (D).
The entire money supply is determined by dividing reserves by both the reserve requirement ratio in the absence of currency, all proceeds are stored someplace in the financial sector, and rr stands for the reserve requirement ratio.
Banks produce money under a banking system of fractional reserve because every dollar of deposits results in several dollars of bank reserves.
A capital requirement is the minimal level of shareholder stock in a bank that is required by authorities.
Banks generate money even before participants issue loans in a banking system with fractional reserve.
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what a company does, how a company uniquely does it, how a company gets paid for doing it, and what costs are involved are all part of an organization's .
The business model of an organisation includes all of this. The method a business develops, delivers, and collects value is referred to as its business model.
It describes what a firm does, how it differs from competitors, how it generates revenue, and what expenses are associated with running the business. The target client segments, the value offer, the income streams, and the essential resources and activities necessary to achieve the value proposition should all be clearly defined in a well-designed business model. A company's operations must be in line with its overall strategy and objectives, which is why understanding the business model is crucial for its success.
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andersen's nursery has sales of $318,400, costs of $199,400, depreciation expense of $28,600, interest expense of $1,100, and a tax rate of 34 percent. the firm paid out $16,500 in dividends. what is the addition to retained earnings?
Andersen's nursery has $318,400 in revenue, $199,400 in expenditures, $28,600 in depreciation, $1,100 in interest, and a 34% tax rate. The company distributed $16,500 in dividends. The increase in retained profits is $42,438.
Therefore, Earnings Before Interest and Tax = Sales - Cost - Depreciation.
Earnings Before Interest and Tax = 318400 - 199400 - 28600
Earnings Before Interest and Tax = $90,400
Interest Expense = $1,100
Earnings Before Tax = Earnings Before Interest and Tax - Interest Expense
Earnings Before Tax = 90400 - 1100
Earnings Before Tax = $89,300
Tax Rate = 34%
Net Income = Earnings Before Tax * ( 1 - Tax Rate )
Net Income = 89300 * ( 1 - 0.34 )
Net Income = $58,938
Dividend = $16,500
Addition to Retained Earnings = Net Income - Dividends
Addition to Retained Earnings = 58938 - 16500
Addition to Retained Earnings = $42,438
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scarcity exists because question content area bottom part 1 a. the costs of production are high. b. some people make bad economic decisions. c. people take too much leisure time. d. human wants exceed the resources available to satisfy them. e. some individuals have low income.
The correct answer is d. Human wants exceed the resources available to satisfy them.
Scarcity exists because human wants and needs are unlimited, but the resources available to satisfy those wants and needs, such as money and materials, are limited.
This means that people must make decisions about how to use limited resources to meet their needs. This is known as the economic problem of scarcity. Because resources are limited, people have to make trade-offs and compromises when determining how to use them.
For example, if someone has limited money, they may have to choose between buying food and buying a new coat. Similarly, a country may have to choose between investing in health care and investing in education.
In all of these cases, scarcity forces people to make difficult decisions about how to allocate limited resources.
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