The _______ states that more of an item will be purchased at a lower price than at a higher price. A. Law of Demand
B. Law of Economics
C. Law of Elasticity
D. Law of Supply

Answers

Answer 1
Answer: The Law of Demand will be your answer

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If the current equilibrium price for a bushel of corn is $50.00, what happens to the equilibrium price of corn if import restrictions on corn are lifted?
An income tax hike A. increases potential GDP. B. increases employment. C. decreases potential GDP. D. Both answers A and B are correct. E. Both answers B and C are correct.
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Why do investors need to determine their investment objective before they invest?

Benet Division of United Refinery Company's operating results include: controllable margin, $200,000; sales $2,200,000; and operating assets, $800,000. The Benet Division's ROI is 25%. Management is considering a project with sales of $100,000, variable expenses of $60,000, fixed costs of $40,000; and an asset investment of $150,000. Should management accept this new project?

Answers

Answer:

No

Explanation:

As we know that

Return on investment = Net income ÷ Investment

where,

Net income is

= Sales - variable expense - fixed cost

= $100,000 - $60,000 - $40,000

= $0

And, the asset investment is $150,000

So, the return on investment is

= $0 ÷ $150,000

= 0%

The required return on investment is 25%

So, the  new project should not be accepted as the return on investment is 0%

Which advantage do consumers gain from buying a vehicle rather than leasing it

Answers

They don't have to pay as much interest.

d.

"I would prefer to walk out of the deal in the end with something to show for the money I put in."

How do you do you do a budget​

Answers

Note your net income

The first step in creating a budget is to identify the amount of money you have coming in. Remember to subtract your deductions, such as for Social Security, taxes, 401 and flexible spending account allocations, when creating a budget worksheet. Your final take-home pay is called net income, and that is the number you should use when creating a budget.

Track your spending

It’s helpful to keep track of and categorize your spending so you know where you can make adjustments. Doing so will help you identify what you are spending the most money on and where it might be easiest to cut back. Begin by listing all your fixed expenses. These are regular monthly bills such as rent or mortgage, utilities or car payments.

It’s unlikely you’ll be able to cut back on these, but knowing how much of your monthly income they take up can be helpful.

Set your goals

Long-term goals, such as saving for retirement or your child’s education, may take years to reach. Remember, your goals don’t have to be set in stone, but identifying your priorities before you start planning a budget will help.

Make a plan

With your fixed expenses, you can predict fairly accurately how much you’ll have to budget for. Use your past spending habits as a guide when trying to predict your variable expenses. You might choose to break down your expenses even further, between things you need to have and things you want to have.

Adjust your habits if necessary

Once you’ve done all this, you have what you need to complete your budget. Having documented your income and spending, you can start to see where you have money left over or where you can cut back so that you have money to put toward your goals. Want-to-have expenses are the first area to look for spending cuts. Try adjusting the numbers you’ve tracked to see how much money that frees up.

Lastly, if the numbers still aren’t adding up, you can look at adjusting your fixed expenses. You might be surprised at how much extra money you accumulate by making one minor adjustment at a time.

Keep checking in

Whatever the reason, keep checking in with your budget following the steps above.

Answer:

i do not know

Explanation:

An example of a shortage is limited amounts ofa. water available for irrigating a crop because it is used for other crops.
b. labor available because the workers have other jobs.
c. food available because the trucks carrying it are on strike.
d. food available because few people want to buy it.

Answers

The best choice would be C. An example of a shortage is limited amounts of food available because the trucks carrying it are on strike. Shortage is when there is excess demand but the supply is limited. In the other choices, the definition of shortage cannot be seen. It is only C that shows a high demand of food but the supply is low due to the strike. 

Answer:

1.Economics is the social science dedicated to the study of

answer: how scarce resources are allocated by different economic systems

2.The following statement is from New York City's Parking Regulations page:

"All of New York City is a designated Tow Away Zone under the State's Vehicle and Traffic Law. This means that any vehicle parked or operated illegally, or with missing or expired registration or inspection stickers, may be towed."

Based off this statement, what economic concept best explains why most New Yorkers park correctly?

answer: People respond to incentives in a predictable manner. New Yorkers will park legally to prevent their cars from being towed.

3. Which of the following reasons for starting a store is most closely related to an entrepreneur's motivation for innovation?

answer: A computer programmer creates a new computer game that uses new technology to help children with speech impediments.

4.The next best alternative given up when individuals, businesses, and governments confront scarcity by making choices is known as ___.

answer: opportunity cost

5. Bob owns a glass manufacturing company. His factories contain machines that heat sand up to 2300 degrees Fahrenheit. The machines then place melted sand into casts to form bowls, jars, and other glass products. Workers package these products for shipping.

Using the above information, correctly identify examples of the productive resources.

answer:land-sand, human resources- factory workers, physical capital-casts, entrepreneur- Bob

6.The BEST example of a shortage is limited amounts of

answer: food available because the trucks carrying it are on strike.

7. Which of the following is the BEST example of scarcity, rather than shortage?

answer:An electric company wants an endless supply of coal for their company.

8.Nicholas starts a taxi cab business.  He buys a garage, hires three drivers, buys two taxi-cabs, and sends his cab drivers to driving school for better driving skills and road knowledge.  What action(s) represents CAPITAL investment?

*Remember, capital can refer to physical or human capital.

answers: the purchased taxi cabs and the purchased garage

9.What is a rational economic decision?

 answer: one in which marginal benefits are greater than marginal costs

10.The economic term “scarcity” relates MOST directly to a situation in which

answer: manufacturers lack unlimited raw materials needed to create their product

The highest level of LEED certification is _________.a. platinum
b. gold
c. certified
d. silver

Answers

A. Platinum 

Hope this helps.

What is an Electronic resume?A. Resume you keep for your records
B. Resume you take to the interview
C. Resume used to import into a database
D. Resume used as a draft when developing

Answers

c.Resume used to import into a database

Resume used to import into a database is the best option