Apples are part of which factor of production?
a. land
b. labor
c. capital
d. scarcity user: which of the following is not a factor of production?
a. land
b. labor
c. capital
d. pollution
Answer:
a. land
d. pollution
Explanation:
Production factors is an economic term used to describe the elements that are essential for all productive sectors in a country. In short, it is around these factors that the entire production chain of a company, or an organization, is established.
These factors are: land, capital and labor.
The land is home to factors related to natural resources such as plants, fruits, soil, water, vegetables, among others. Capital refers to the resources related to producing goods and services, such as money, cars, machinery, equipment, among others. Finally, the work refers to human labor, which will make the entire production process working.
What is the likely impact of filing bankruptcy on a student loan ?
a. The Loan amount will stay the same, but the balance will stop accruing interest
b. The Loan repayment schedule will be adjusted longer
c. None of the answers are correct
d. The Loan payment amount will be adjusted lower
Jonathan loses his job a few months after graduating from college. His parents co-signed his student loans while he was in college. Jonathan wants to defer the student loans until he finds another job. What effect will deferring his loans have?
His co-signer will be liable.
He will be unable to apply for a job.
He will not risk defaulting.
His credit card will be in default.
pretty sure its a
Which of the following is not an example of how media coverage of the Space Race affected the economy?
The media only covered positive elements of the Space Race and never mentioned any setbacks.
Space memorabilia were made and sold to the public to celebrate successful launches.
Astronauts became public heroes and helped sell the image of the space program.
The race to beat the Soviet Union to the Moon supported the growth of NASA and its facilities.
Correct option: The media only covered positive elements of the Space Race and never mentioned any setbacks.
The above given option does not talk about any aspect of media coverage of the space race and its effects on the economy. Covering only positive aspect without explaining its economic implications does not have any positive or negative effect on any economic activity, externalities or economic well being of any country. On the other hand, option B , C and D talks about economic implications.
If the price of a product ranges from $59 to $179, the range of these prices is _____
Final answer:
To find the range of the prices from $59 to $179, subtract the lowest price from the highest, which gives us a range of $120.
Explanation:
The range of a set of numbers is calculated by subtracting the smallest number from the largest number. In this case, to find the range of prices from $59 to $179, you would subtract 59 from 179.
Here's the calculation:
The highest price: $179The lowest price: $59Calculate the range: $179 - $59 = $120So, the range of these prices is $120.
All of the following would be considered closing costs except for: a) A title search b) Cost of repainting the kitchen before moving in c) Fee for obtaining credit report d) Title insurance
Answer:
Cost of repainting the kitchen before moving in
Explanation:
J. Cole Went Platinum With No Features
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A company bought a piece of land. It can use this resource to build a factory or to plant crops. The company can also hold onto the land and try to resell it later for more money. The company decides to build a factory on the land. Any value given up from not choosing the other options is the _____.
The value given up from not choosing other options when a company decides to build a factory on a piece of land is called the opportunity cost.
When a company decides to build a factory on a piece of land instead of using it for other potential purposes like planting crops or reselling it for a higher price, any value that is not realized from those forgone alternatives is known as the opportunity cost. This concept reflects the benefits a company misses out on when choosing one option over others. Since land has several possible uses, the opportunity cost is a vital consideration in business decisions. For example, the opportunity cost of using the land to build a factory is the forgone profit from planting crops or the increased resale value if the land is held and sold later.
"Buy our cell phone with built-in calendar and reminder features! This way you will never forget an appointment while on the go." This advertisement targets your
fears
rituals
emotions
social values
You receive a college investing kit in the mail from a reputable investment company. this information is _____. reliable unreliable
You receive a college investing kit in the mall from a reputable investment company. This information is reliable. The correct option is a.
What do you understand about investment?An investment can be understood as an asset or item acquired with the goal of generating income or appreciation. Appreciation refers to an increase in the value of an asset over time. When an individual purchases a good as an investment, the intent is not to consume the good but rather to use it in the future to create wealth.
An investment always concerns the outlay of some resource today, time, effort, money, or an asset in hopes of a greater payoff in the future than what was originally put in.
For example, an investor may purchase a monetary asset now with the idea that the asset will provide income in the future or will later be sold at a higher price for a profit.
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The fee you must pay each month is known as the _____.
Which of the following statements are TRUE about credit scores?
A.Credit scores reflect how likely individuals are to repay their debts.
B.Only the credit bureaus know exactly how credit scores are calculated.
C.Both A & B
D.Neither A nor B
Equilibrium can only occur at
one price.
two prices.
three prices.
four prices.
What is a graphical representation of the combination of goods and services that can be produced in a situation?
Answer:
Production Possibility Curve
Explanation:
E2020
The safest action to take if someone claiming to be from your bank calls you to ask for account information is to?
Dr. Ruiz shares equal responsibility and liability with her colleagues in their small business, which is a medical practice. Her business is a A. Limited Partnership B. General Partnership C. Closely held corporation D. Publicly held corporation
Who were the first individuals to be hit hardest by the stock market crash and the great depression?
a. bankers
b. investors
c. workers
d. farmers
Answer:
investors
Explanation:
they realized their ideas were vain
The organic burrito is now on sale and costs 70% of the original price. if the original price was $8.00, what is the sale price?
Which of these laws was created in order to protect consumers?
A. pollution laws
B. product safety laws
C. wage laws
D. equal opportunity laws
You are a lawmaker, and you get to decide what to do with this year's budget surplus. Write a brief proposal explaining whether the surplus should be used for new spending, tax cuts, or to buy back bonds and cut interest payments. Include an explanation for your proposal.
As the lawmaker the surplus from the budget would be suggested to be used for new spending.
Why should the suplus budget be used for new spending?This would help to stimulate the economy. That is increases in the rate of government expenditure is an expansionary monetary policy.
It would help the nation to get new infrastructures which would also lead to more employment in the nation.
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1.The hope of reward that encourages a person to behave in a certain way is a(n) _______.
2.A bridge is an example of something that is usually provided as a _________.
3.To show how demand for a good will change at specific price points, economists use a ____.
Answer:
1. The hope of reward that encourages a person to behave in a certain way is a(n) incentive
2. A bridge is an example of something that is usually provided as a public good
3. To show how demand for a goodwill change at specific price points, economists use a demand schedule.
Explanation:
1. The hope of reward that encourages a person to behave in a certain way is a(n) incentive
An incentive is an item of value, an object, or desired action or event that spurs an employee to do more of whatever he/she was encouraged by the employer to do through the chosen incentive.
2. A bridge is an example of something that is usually provided as a public good
A public good has two key characteristics: it is nonexcludable and nonrivalrous. These characteristics make it difficult for market producers to sell the goods to individual consumers.
The first characteristic, that a public good is nonexcludable, means that it is costly or impossible to exclude someone from using the good. If John buys a private good like a cake, then he can exclude others, like Mary, from eating that cake.
The second main characteristic of a public good—that it is nonrivalrous—means that when one person uses the public good, another can also use it. With a private good like apple, if Job is eating the apple, then Mark cannot also eat it—the two people are rivals in consumption.
3. To show how demand for a goodwill change at specific price points, economists use a demand schedule.
A demand schedule is a chart used to display the number of goods or services demanded at specific prices. It can also be referred to, it’s a table that shows the relationship between the price of goods and the amount of goods consumers are willing and able to pay for them at that price. It is usually based on the demand curve that shows the inverse relationship between quantities demanded and price. As the price of a good increases, the quantity demanded decreases. It helps management to plan production processes by looking at the schedule and figure out how many units consumers will demand based on the price.
List at least three tools or services that are available when you open a savings account.
Using the fafsa form, you can apply for?
Which of the following most accurately explains why fiat money differs from commodity money?
Fiat money can also be used as a productive input.
Fiat money has value because it is a precious metal such as gold.
Fiat money only has value as a medium of exchange.
Fiat money has value because it enables the barter system to work.
Final answer:
Fiat money differs from commodity money in that it only serves as a medium of exchange and has value solely due to government declaration, not because of any intrinsic value, unlike commodity money which has other uses beyond being a medium of exchange.
Explanation:
The main difference between fiat money and commodity money is that fiat money only has value because it is declared as legal tender by a government and it serves solely as a medium of exchange. It has no intrinsic value. On the other hand, commodity money has intrinsic value as it can be used for other purposes besides being a medium of exchange, such as gold, which is valued for its physical properties and industrial uses.
Historically, people have used various items like gold, cowrie shells, and cocoa beans as commodity money because they had value outside of their use as money. With the rise of more complex and global economies, the use of commodity monies became impractical, leading to the adoption of fiat currencies like the U.S. dollar. The value of fiat money is based on universal faith and trust in its value as authorized and maintained by governmental decree. The Fed monitors measures of money supply, including M1 and M2.
In order for information to be meaningful, a firm’s accounting processes and procedures should be certified as accurate by acceptable accounting standards. companies hire ________ to provide unbiased opinions about the accuracy of a firm’s financial statements.
1. Which of the following is a reason that your company might not want to increase its market share?
A. The market saturation for your product is low.
B. Many of your company's competitors have bad reputations.
C. Your company has a limited capacity for producing your product.
D. The price of your product is very competitive.
2. As a factor of production, how is capital created?
A. By adding land to entrepreneurship
B. By adding human labor to land
C. By removing land from services
D. By using labor to create services
Answer:
1: C) Your company has a limited capacity for producing your product.
2: B) By adding human labor to land
Explanation:
1: Most companies would be very happy and willing to increase their market share since they would sell a larger quantity of products or services. Usually the more you sell, the larger your profits. The only reason why a company might not want to increase its market share, or sell more products or services, is that they have reached their full production capacity. Once a company reaches it full production capacity, they must carry new investments in order to increase it, and that may require a lot of money.
2: capital is not only money, it is mostly machinery, tools, buildings, etc.
And how are machines and tools built?
Humans start to work and they use land (natural resources) to build machines and tools.
In geoffrey chaucer’s time, the makers of the fine objects we can see today in the world’s great art museums learned their trade in associations called ______.
For which market model is there a very large number of firms?
A. monopolistic competition
B. oligopoly
C. pure monopoly
D. pure competition
Answer:
On USAtest prep its C perfect competition
Explanation:
whats the voc word for market with a large number of firms or producers
If you were in charge of managing a group of employees, how would you assess their job performance? Describe at least two methods you would use
A ____ channel is the path that goods and services take to go from the producer to the consumer.
Final answer:
A commodity chain is a series of steps that goods and services follow from producer to consumer, making up the supply chain. Different channels may be used for selling, which affect product demand and include the distribution of information about the product.
Explanation:
A commodity chain is the path that goods and services take to go from the producer to the consumer. It encompasses the series of steps a product takes from the location where it is produced to the store where it is sold to consumers. This includes production, processing, distribution, and retail, known collectively as the supply chain. Different businesses may choose various channels for selling their goods. These can include operating their own commercial establishments, selling wholesale to other retailers, or using modern methods like the Internet, telephone, or mail order. It is essential for businesses to understand how these channels affect demand for their products.
Information, like the product itself, moves through these channels in a step-by-step process, and the number of channels as well as the time spent in each channel can vary. For example, when purchasing a soda, the transaction includes your payment to the store (a flow of personal consumption) and you receiving the soda (part of the flow of consumer goods and services from the firm to households).