COMPARE and contrast the terms scarcity and shortage and provide examples of each.

Answers

Answer 1

Answer:

Scarcity and shortage are not the same things. Shortage conditions exist when the demand of a good at the market price is greater than supply. ... Scarcity is the concept that we have limited resources and cannot meet the unlimited demand - it has nothing to do with a market price.


Related Questions

A U. S. Company has two manufacturing plants, one in the United States and one in another country. Both produce the same product, each for sale in their respective countries. However, their productivity figures are quite different. The analyst thinks this is because the U. S. Plant uses more automated equipment for processing while the other plant uses a higher percentage of labor.

Explain how that factor can cause productivity figures to be misleading.

Is there another way to compare the two plants that would be more meaningful?

Answers

Compared to earlier times, more goods and services are being produced.

What affects productivity economics?

Productivity in economics is the amount of output that can be produced from a given set of inputs. When the same quantity of output is produced with fewer inputs or with the same number of inputs, productivity increases.

Productivity, a metric of economic performance, compares the output (amount of goods and services.Increased productivity means producing more with the same quantity of input.

It denotes a greater ability for an industry or business to convert resources into goods. We have the chance to produce more with less thanks to productivity growth. Poor working environment, including a noisy office or poor lighting, can contribute to some productivity problems at work.

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The River City Council, the Santa Clara County Board, the Texas state legislature, and the U.S. Congress enact laws. These laws constitute

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Legislative acts that are approved by the executive branch constitute statute law.

What is the meaning of statutory law?

Statutory law is defined as a rule of law created by a legislative act that has been approved by the executive. Acts are approved by Congress and signed by the President of the United States to become federal statutory law.

Statutory law can be found in either codified laws or collections of statutes. The wording of the codes and compilations is the same, but their formats are different.

There are four principles for interpreting statutes: literal rule, golden rule, mischief rule, and purposeful method.

Major constitutional amendments are made using the statute law process. A Statute Law can only be repealed by Parliament due to Parliamentary Sovereignty, which prevents any other method of repeal.

Therefore, the answer is Statutory law.

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Venezuelans started buying items immediately because of their fear of:

1) rising inflation.
2) price deflation.
3) declining inflation.
4) increased imports.

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answer:
1) rising inflation

Answer:

rising inflation..............

In the United States during the late 1800s, the corporate form of business organization became increasingly important mainly because

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The late 1800s saw the emergence of big business, which altered American society. The growth of corporate empires made the United States a strong economic force.

What exactly did industrialisation entail?

The process of industrialization is when a country or region switches its economic emphasis from industry to agriculture. A crucial element of this change is the use of automated mass production techniques.

Which industries have undergone industrialization?

Manufacturing (in the 1900s), mining (in the 1930s), transportation (in the 1950s), and retailing are examples of industrialisation (1970s). A good example is the industrialization of a vehicle.

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types of literature in English​

Answers

Explanation:

{All Fiction}

Drama

Stories composed in verse or prose, usually for theatrical performance, where conflicts and emotion are expressed through dialogue and action.

Fable

Narration demonstrating a useful truth, especially in which animals speak as humans; legendary, supernatural tale.

Fairy Tale

Story about fairies or other magical creatures, usually for children.

Fantasy

Fiction with strange or other worldly settings or characters; fiction which invites suspension of reality.

Fiction

Narrative literary works whose content is produced by the imagination and is not necessarily based on fact.

Fiction in Verse

Full-length novels with plot, subplot(s), theme(s), major and minor characters, in which the narrative is presented in (usually blank) verse form.

Folklore

The songs, stories, myths, and proverbs of a people or "folk" as handed down by word of mouth.

Historical Fiction

Story with fictional characters and events in a historical setting.

Horror

Fiction in which events evoke a feeling of dread in both the characters and the reader.

Humor

Fiction full of fun, fancy, and excitement, meant to entertain; but can be contained in all genres

Legend

Story, sometimes of a national or folk hero, which has a basis in fact but also includes imaginative material.

Mystery

Fiction dealing with the solution of a crime or the unraveling of secrets.

Mythology

Legend or traditional narrative, often based in part on historical events, that reveals human behavior and natural phenomena by its symbolism; often pertaining to the actions of the gods.

Poetry

Verse and rhythmic writing with imagery that creates emotional responses.

Realistic Fiction

Story that can actually happen and is true to life.

Science Fiction

Story based on impact of actual, imagined, or potential science, usually set in the future or on other planets.

Short Story

Fiction of such brevity that it supports no subplots.

Tall Tale

Humorous story with blatant exaggerations, swaggering heroes who do the impossible with nonchalance.

{All Nonfiction}

Biography/Autobiography

Narrative of a person's life, a true story about a real person.

Essay

A short literary composition that reflects the author's outlook or point.

Narrative Nonfiction

Factual information presented in a format which tells a story.

Nonfiction

Informational text dealing with an actual, real-life subject.

Speech

Public address or discourse.

Find the EAR in each of the following cases (Use 365 days a year. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e. G. , 32. 16. ):


Stated Rate (APR) Number of Times Compounded Effective Rate (EAR)


9. 1 % Quarterly %


18. 1 Monthly


14. 1 Daily


11. 1 Infinite

Answers

The Effective Annual Rate (EAR) for 9. 1 % Quarterly %, 18. 1 Monthly, 14. 1 Daily, 11. 1 Infinite are 9.42%,  19.68%, 15.14%  and 11.74% respectively.

What do you mean by Effective Annual Rate?

The rate of interest that is actually generated on an investment or paid on a loan as a result of compounding interest over a specified amount of time is known as the Effective Annual Rate (EAR). It is used to evaluate various financial products that compute annual interest with various compounding periods, such as weekly, monthly, yearly, etc., and is typically higher than the nominal rate. The effective yearly interest rate rises up over time as the number of compounding periods goes up. The nominal rate specifies a yearly percentage rate regardless of compounding, although the actual annual rate is typically greater. When compared to the nominal rate, the effective yearly rate rises as the number of compounding periods increases.

EAR=(1+APR/m)^m-1

where m=compounding periods

1. EAR=(1+0.091/4)^4-1

=9.42%(Approx).

2. EAR=(1+0.181/12)^12-1

=19.68%(Approx).

3. EAR=(1+0.141/365)^365-1

=15.14%(Approx).

4. EAR=(e)^APR-1

where e=2.71828

EAR=(2.71828)^0.111-1

=11.74%(Approx)

So, The required answers are 9.42%, 19.68%,15.14% and 11.74% approximately.

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Cami is a salaried employee and her bi-weekly pay stub shows $2,200. What is the gross monthly income an MLO can use to qualify Cami

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An MLO can utilize their gross monthly income of $4,766.66 to qualify Cami

What does your gross revenue mean?

Your gross income consists of your salary, dividends, investment income, business revenue, retirement distributions, and other sources of income. Adjustments to income can be made for things like tuition costs, interest on student loans, alimony payments, and contributions to retirement accounts.

What really is your gross income after taxes?

Your gross is the amount of income you earn, often in a paycheck, after payroll taxes or other deductions are made. It affects how much you may borrow to buy a house, and it's used to calculate your state and federal income taxes. Your gross income is anything you receive as a pay.

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Compute Cash flow from Investing activities from the following information:
Particulars
31.03.2021
1,00,000
50,000
80,000
12,000
1,50,000
50,000
Land and Building
Furniture and Fittings
Share Capital
Goodwill
Long term Investment
Plant and Machinery
During the year * 5,000 depreciation charged on Plant and Machinery.
31.03.2022
1,28,000
60,000
1,14,000
30,000
50,000
30,000

Answers

Answer:

Explanation:

To compute the cash flow from investing activities, we need to consider all of the cash inflows and outflows related to investing activities during the year.

First, we can add up all of the cash outflows during the year, which includes the purchases of land and building, furniture and fittings, share capital, goodwill, long-term investment, and plant and machinery. These outflows total 1,00,000 + 50,000 + 80,000 + 12,000 + 1,50,000 + 50,000 = 4,42,000.

We also need to consider any depreciation charges on plant and machinery, which in this case was 5,000.

Then, we can add up all of the cash inflows during the year, which includes the sale of land and building, furniture and fittings, share capital, goodwill, long-term investment, and plant and machinery. These inflows total 1,28,000 + 60,000 + 1,14,000 + 30,000 + 50,000 + 30,000 = 4,32,000.

The cash flow from investing activities is equal to the sum of the cash inflows minus the sum of the cash outflows plus any depreciation charges. So in this case, the cash flow from investing activities is 4,32,000 - 4,42,000 + 5,000 = -12,000. This means that there was a net outflow of cash from investing activities of 12,000 during the year.

After a marketing objective is defined, what is the next step marketers should take?
A. Identify the target market
B. Evaluate the components of the promotion
C. Determine the marketing budget
D. Désign the marketing message

Answers

The following action that marketers should perform is to determine the marketing budget.

What are some examples of marketing objectives?

Marketing objectives are a list of specific, quantifiable goals created as a component of a marketing plan. Specific goals are set forth in marketing objectives, such as "reduce customer acquisition cost by 10% by the end of the next quarter."

What happens in the marketing process after that?

Building your marketing mix will be the following step in your marketing approach. The Economic Times states that "the marketing mix refers to the set of actions, or techniques," that a business use to market its brand or product.

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Sam and KC both work in a tax office.Both workers use the same number of resources to do their jobs.Use the production possibility schedule to complete each sentence.In this example, has an absolute advantage in processing tax returns. has an absolute advantage in completing sales calls.

Answers

In this case, processing tax returns gives KC a clear edge. Sam has a clear advantage when it comes to making sales calls.

What is production possibility?

A model used to illustrate the trade-offs related to splitting resources here between production of two items is called the Production Possibilities Curve (PPC). The PPC is a useful tool for demonstrating the ideas of scarcity, potential cost, efficiency, and economic development and contraction.

An economy's capacity to produce different combinations of two items is displayed by a production possibilities curve. The production possibilities curve's descending slope implies scarcity. The production possibilities curve has a bowed-out form as a result of resource allocation based on comparative advantage.

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Answer:

In this example, ✔ KC has an absolute advantage in processing tax returns.✔ Sam has an absolute advantage in completing sales calls.

Explanation:

Which search engine strategy would best limit the results to the vehicle, Ford Explorer, rather than someone exploring in a vehicle made by Ford Motor Company or an explorer named Ford?

1. Ford Explorer*

2. Ford Explorer

3. Ford Explorer

4. Ford Explorer"

Answers

The search engine method that would best restrict the results here to vehicle is Ford Explorer.

What is a search engine?

A search engine is a piece of software used to conduct online searches. They carry out methodical searches of the Internet for certain data that is specified in a sms web particular keyword.

What are results from search engines?

The search engine results pages, or SERPs, are often displayed when the results are retrieved. These outcomes or details could include references to online pages, a combination of pictures and videos, published papers, news pieces, etc.

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what is selling the rights to place a brand name on products such as t-shirts referred to as?

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It sells the right to put a brand name on products such as T-shirts, which is called license branding.

License means to rent or lease an intangible property. This is the process of creating and managing agreements between trademark owners and companies or individuals wishing to use the trademark in connection with their products for an agreed period of time in an agreed territory. Licenses are used by brand owners to extend their brands or characters to products of a completely different nature.

Examples of intangible assets include songs ("Somewhere Over The Rainbow"), characters (Donald Duck), names (Michael Jordan), and brands (The Ritz-Carlton). Any agreement to license a trademark requires a license agreement. A license agreement authorizes a company that sells products or services (licensee) to lease or rent a trademark from a trademark owner (licensor) that operates a licensing program.

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A graph of the rate of inflation in the United States over the twentieth century shows: a constant rate of inflation in the first half of the century followed by an upward trend in the second half an overall upward trend interrupted by a large downturn in the 1930s. O a relatively steady, positive level throughout the century except for deflation in the 1930s. some periods of deflation mixed with mostly positive rates of inflation before 1955 but only positive rates of inflation after 1955.

Answers

A graph of the rate of inflation in the United States over the twentieth century shows: An overall upward trend was broken by a severe downturn in the 1930s.

A graph of the rate of inflation in the United States over the twentieth century would show an overall upward trend interrupted by a large downturn in the 1930s, also known as the Great Depression. In the first half of the century, there was a relatively steady, positive level throughout the century except for deflation in the 1930s. However, the rate of inflation began to rise in the post-World War II period, reaching high levels in the 1970s before moderating in the 1980s and 1990s. The Great Recession of 2008 had an effect on the inflation rate as well.Inflation is a measure of the rate at which the general level of prices for goods and services rises, resulting in a decline in purchasing power.

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What is the cycle of​ money? Who participates in the cycle of​ money? What is the objective of a financial​ transaction?

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The movement of cash (funds) from a lender to a borrower and back to the lender is the money cycle.

Who participates in the cycle of​ money?

The lender and borrower participates in the cycle of money.

What is the objective of a financial​ transaction?

An agreement or communication between a buyer and seller to exchange goods, services, or assets for payment is a financial transaction. A change in the financial situation of two or more businesses or individuals is the result of any transaction.

What exactly is a money cycle?

The stages of a person's financial life are as follows: preservation, distribution, and accumulation Your risk tolerance and current life stage should guide your investment decisions.

What is the significance of the money cycle?

Because it has a direct impact on stocks and bonds as well as profits and corporate earnings, an understanding of the economic cycle can assist investors and businesses in determining when to invest and when to withdraw their funds.

What are the two types of money?

There are only two types of money, despite the fact that money can take on a remarkable variety of forms: money that does not have an intrinsic value and money that has one. Money that isn't used as currency is called commodity money. Commodity money can be seen in federal prisons in the form of mackerel.

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In an interview with the HubSpot partner Campaign Creators, what did they say is one of the most important parts of their lead nurturing strategy: Leads
Development
Communication

Answers

Out of the alternatives provided above, the communication process is one of the most crucial areas of the lead nurturing strategy as per the interview of the Campaign Creators, the HubSpot Partners. Therefore, the option C holds true.

The communication has been regarded as an indispensable part of any business organization. It leads to development of different strategies that can help to increase the scope of profitability and reach for the organization. As a result, it has also been assumed to have an important part for the strategy of nurturing leads.

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___________ reflects the integrity of decisions made and is a function of many factors.

Answers

Answer: Ethical culture

Explanation:

The integrity of choices is reflected in an organization's ethical culture, which is influenced by a variety of elements such as company regulations, senior management's ethical leadership, the impact of coworkers, and the possibility of unethical action.

tell us about your engagement with a topic or idea that excites you. why are you drawn to it example

Answers

Describe your interest in a subject or notion that interests you. What we can draws about engagement, I've become more outgoing since my shy middle school years, realizing that I can be myself around people and have meaningful conversations.

Conversations were broaden my perspective just as much as my contemplative breakthroughs do. My passion for public speaking, however, has only grown, moving beyond the typical classroom assignments to include research presentations and school board meetings. Additionally, I give presentations every weekend in front of groups of young people dressed in suits (by far the most intimidating audience).

These discussion competitions need extensive personal preparation and study, but the end result is highly collaborative. Intellectual synergy of the greatest order occurs in those small classrooms filled with crumpled legal pads and paper placards. My ideas are no longer passive, inward, and isolated.

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A student borrows $90,000 for business school at 9.0% stated annual interest with monthly repayment over 9 years. Consider this as a loan with no payments or interest during school so that the problem structure is equivalent to a standard loan received one period before the first payment. Suppose that to better match expected student salary growth over time, the loan is structured as a growing annuity with each monthly payment growing by 0.1% compared to the previous monthly payment. How much is the first monthly payment

Answers

The amount due each month is $1,218.86. The time frame from the first point of credit to the transaction's eventual maturity is referred to as the "repayment term."

The accomplishment of the exporter's obligation under the export contract is often the starting point of credit (e.g., shipment or project completion). Repaying a loan involves paying back the money you borrowed from a lender plus any relevant interest. The repayment plan often consists of a set process (referred to as a loan payback schedule) in the form of equivalent monthly installments, or EMIs.

The monthly payment computation is displayed below;

Here RATE = 9% divided by 12 equals 0.75%.

PV = -$90,000 FV = $0 NPER = 9 x 12 = 108

the following formula;

=PMT(RATE,NPER,PV,FV,TYPE)

When the aforementioned calculation is used, the monthly payment is $1,218.86

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What is the purpose of the Bill of Rights essay?

Answers

It outlines the relationship between Americans citizens' constitutional rights and their government. People are granted civil liberties and rights, such as the freedom of expression, the press, and religion.

All of the powers not granted to the Federal Government are reserved for the people or the States, and it establishes guidelines for due process of law.  People who live in the United States of America are referred to as Americans. Although the majority of Americans were direct citizens and nationals, numerous dual citizens, expatriates, and lengthy residents can also legitimately claim American nationality. People of many diverse ethnic and racial backgrounds call the United States home; as a result, American culture and law do not identify nationality with race or ethnicity but instead with citizenship and an oath of everlasting allegiance.

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A field identified in a record as holding the unique identifier for that record is called the:
a) primary key b) key field c) primary field d) unique ID

Answers

A field identified in a record as holding the unique identifier for that record is called the primary key. Therefore, Option A would be the right answer.

A relational database table's main key, also known as a primary keyword, is a field that is unique for each entry. A driver's licence number, a phone number with an area code, or a vehicle identification number are examples of unique identifiers (VIN). The main key of a relational database must be unique. There must be a primary key value for every row of data and no row may be null.

In relational databases, the administrator's preferences frequently determine the primary key that is selected. When the particular requirements of the users change, the primary key for a certain database might be altered. In one application, for instance, residents of a town could be uniquely identifiable by the numbers on their driver's licences, while in another, it would be more practical to identify them by their phone numbers.

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The failure of communism in a large number of countries is at least partly explained by Group of answer choices the fact that those countries relied absolutely on the invisible hand. the fact that those countries did little or nothing to restrict trade with other countries. the lack of information, on the part of central planners in those countries, about tastes and preferences in their economies. the lack of information, on the part of central planners in those countries, about how much authority the government had in affecting economic outcomes.

Answers

Option 3 is Correct. The failure of communism in a significant number of nations is at least partially explained by the central planners in those nations' ignorance of the preferences and tastes that make up their economy.

The main distinction between communism and socialism is that under communism, the state (rather than private citizens) owns and controls the majority of property and economic resources, whereas under socialism, all citizens share equally in the economic resources distributed by a democratically elected government.

Government control is the main component of a command economy. The government establishes economic goals and regulates production and pricing rather than letting market forces determine the production of products and services.

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Correct Question:

The failure of communism in a large number of countries is at least partly explained by Group of answer choices

1. the fact that those countries relied absolutely on the invisible hand.

2. the fact that those countries did little or nothing to restrict trade with other countries.

3. the lack of information, on the part of central planners in those countries, about tastes and preferences in their economies.

4. the lack of information, on the part of central planners in those countries, about how much authority the government had in affecting economic outcomes.

URGENT!!! PLEASE HELP Match the steps with description. In order from 1-9
- Finalize recruitment
- Develop position description
- Select candidate
- Conduct interviews
- Assemble selection committee
- Identify vacancy and evaluate need
- Develop recruitment plan
- Review applicants and develop short list
- Post position and implement recruitment plan

Answers

In order:

Identify vacancy and evaluate need

Develop position description

Develop recruitment plan

Post position and implement recruitment plan

Review applicants and develop short list

Assemble selection committee

Conduct interviews

Select candidate

Finalize recruitment

The market for wheat is initially in equilibrium. If workers in the wheat industry are successful in negotiating higher wages we would expect equilibrium prices to ______.

Answers

At first, there is balance in the wheat market. We would anticipate higher equilibrium prices if wheat sector workers are successful in securing higher wages.

What exactly is equilibrium?

Price stability results from a balance between supply and demand. The phrase for this is equilibrium. In general, a shortage or undersupply causes prices to increase, which reduces demand, while a surplus or excess causes prices to decrease, which increases demand.

Equilibrium is essential for a market to be both efficient and balanced. A market cannot stray from its equilibrium price and quantity since it is maintaining equilibrium between the quantities requested and supplied.

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When would a business owner have the incentive to raise prices?

Answers

The value of the item. ‍♀️

Affirmative action programs Question 39 options: involve the promotion of unqualified employees. only involve the training of individuals. are not very commonly used anymore because of reverse discrimination concerns. involve the recruitment, hiring, promotion, and training of qualified individuals.

Answers

Affirmative action programs involve the recruitment, hiring, promotion, and training of qualified individuals. Hence, option (d) can be regarded as the relevant choice of answer.

Give a brief account on affirmative action.

In the United States, affirmative action refers to a proactive endeavour to increase the job or educational possibilities for women and members of underrepresented groups. Affirmative action is a set of policies, programmes, and practises that give minorities and women limited preferences in job hiring, admission to higher education institutions, the awarding of government contracts, and other social benefits. It was first implemented by the government as a response to the effects of pervasive discrimination against these groups. Age, gender, ethnic origin, and race are typical affirmative action eligibility factors. While civil rights law was removing the legal justification for discrimination, the Johnson administration (1963–1969) launched affirmative action to increase chances for African Americans.

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Which are used to compare units of service (UOS) with CPT and HCPCS level II codes reported on claims and indicate the maximum number of UOS allowable by the same provider for the same beneficiary on the same date of service under most circumstances

Answers

Comparing units of services (UOS) with CPT and HCPCS phase 2 codes given on claims is done using medically unlikely edits (MUEs).

What is medically unlikely edits (MUEs)?

By identifying and prepaying improbable Medicare claims, the MUE programme was put in place to increase the reliability of Medicare payments. On the same line of the CMS-1500, Block 24G (units of service) and Block 24D (code number) are put side by side. Form Location 46 (service units) and Form Locator 44 are compared on the UB-04.

Medical claims against a reference number for medical services provided by one provider/supplier to one customer on one day are subject to a US Medicare units of service claim edit called a "Medically Unlikely Edit."

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“I’ve been at my job for four days, and I’ve already met all my coworkers!” Amber says. Which type of business does Amber MOST likely work for?

Answers

What are the options? There has to be options for this question because it says “MOST” likely work for.

The company announce a three-for-one tock plit. You will wind up with 1,500 hare after the plit. How many hare did you have before the plit?

Answers

You would have had 500 shares before the three-for-one stock split.

A stock split occurs when a company increases the number of shares outstanding by issuing more shares to current shareholders. In a

three-for-one stock split, for every one share a shareholder owns, they will receive two additional shares. This results in a tripling of the number of shares outstanding and a corresponding reduction in the per-share price of the stock. In the scenario provided, it is stated that you will wind up with 1,500 shares after the split. To determine the number of shares you had before the split, you can divide the number of shares you will have after the split by the split ratio. In this case, the split ratio is 3-for-1, so to find the number of shares before the split, you divide 1,500 by 3 which is equal to 500 shares.

It's worth noting that stock split doesn't change the underlying value of the company, the market capitalization of a company will remain the same before and after a split. Also, stock split is generally used by companies whose stock is trading at a high price per share, to make it more accessible to a larger number of investors.

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Write an essay of at least 150 -words based on reading the following regulation policy. In your essay, you should:

determine what factors would be considered in evaluating the 2014 violations;
assess the likely, and possible, consequences of the 2014 violations; and
outline how the company might achieve a reduction in fines;

Answers

The answer this prob would be outline of sequence in equavilant
To determine both factors of the essay start of as counting how many 2014 violations happen. Not only that count every year.

Suppose the government increases the size of a tax by 20 percent. The deadweight loss from that tax
1) increases by 20 percent.
2) increases but by less than 20 percent.
3) decreases by 20 percent.
4) increases by more than 20 percent
4) increases by more than 20 percent

Answers

As taxes increase, the deadweight loss from the tax increases. In fact, as taxes increase, the deadweight loss rises extra rapidly than the size of the tax.

What takes place to deadweight loss when tax is decreased?

When either demand or provide is inelastic, then the deadweight loss of taxation is smaller, due to the fact the volume bought or offered varies less with price. With ideal inelasticity, there is no deadweight loss. However, deadweight loss increases proportionately to the elasticity of either supply or demand.

What is deadweight loss formula?

The method for calculating deadweight loss is: deadweight loss = (new fee - old price) x (original extent - new quantity) / 2 By the use of this equation, you can see just how a long way the new rate of the product has modified from its original. The larger the difference, the larger the deadweight loss.

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