The first of five Great Fundamental Question in Economics is:
Should the economy rely on goods from other countries?
Will the economy be able to eliminate surpluses and shortages?
What goods and services will the economy produce?
Why will the economy produce goods?

Answers

Answer 1

This is a very important question because it has to do with the production of goods and services in the economy, and it determines what resources are allocated to the production of various goods and services. There are many factors that go into determining what goods and services an economy will produce.

One of the most important is consumer demand. Producers will generally produce goods and services that consumers want to buy, because this will allow them to earn a profit. However, consumers are not the only factor that influences what goods and services are produced. Producers will also consider the availability of resources, the cost of production, and the competition from other producers. Finally, the government may also play a role in determining what goods and services are produced, through regulations and subsidies. In summary, the first Great Fundamental Question in Economics is all about what goods and services an economy will produce. Answering this question requires an understanding of consumer demand, resource availability, production costs, and government regulations.

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Related Questions

7.1 Section Exel Question 1 of 264 points) Attempt 1 of 1 View question in a popup 4h 58m Remaining Overweight Men For a random sample of 60 overweight men, the mean of the number of pounds that they were overweight was 32. The standard deviation of the population is 4.1 pounds. Part: 0 / 4 Part 1 of 4 (a) The best point estimate of the mean is pounds

Answers

For a random sample of 60 overweight men,when the standard deviation is 4.1 pounds, the best point estimate of the mean is 32 pounds.

The given information is as follows:

the mean of the number of pounds that they were overweight was 32.

The standard deviation of the population is 4.1 pounds.

To calculate the best point estimate of the mean in pounds, we use the formula below:

\($$\hat{\mu}=\frac {\sum_{i=1}^{n}x_i}{n}$$\)

Where,\($$\hat{\mu}$$\)is the sample mean.

\($$\hat{\mu}=\frac {\sum_{i=1}^{n}x_i}{n}$$\) is the sample size.

\($$x_i$$\)is the individual observation.

First, we need to find the best point estimate of the mean, which can be found by using the formula as follows:

\($$\hat{\mu}=\frac{\sum_{i=1}^{n}x_i}{n}$$\)

Now, plug in the given values and evaluate it as follows:

\($$\hat{\mu}=\frac{\sum_{i=1}^{60}32}{60}$$$$\hat{\mu}=32$$\)

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The second doctor watched for contagious and infectious diseases. He looked especially for infections of the scalp and at the eyelids for symptoms of trachoma, a blinding disease. Since trachoma caused more than half of all medical detentions, this doctor was greatly feared.

—Immigrant Kids,
Russell Freedman

What is the central idea of this passage?

The second doctor did more work than the first doctor.
Trachoma is a blinding disease that caused immigrants to be turned away.
Infections of the scalp and eyelids are dangerous to others.
The second doctor watched for contagious and infectious diseases.

Answers

Answer:

D.The second doctor watched for contagious and infectious diseases.

Explanation:

i got 100

The second doctor watched for contagious and infectious diseases is the central idea of this passage. Thus, option (d) is correct.

What is diseases?

The term “disease” refers to the state of the human body when there are physical and mental disturbances. The person in such any kind of outer and inner injury the body is not functioning properly is called disease. The disease are the infected to the body. The disease are the drawback of the body. The doctor are the treatment of the disease.

According to the central theme of the passage. The passage was the written to the Russell Freedman. The passage are the described to the diseases are infectious and contagious are the watched the doctor. The doctor was the  looked  infections of the scalp. The symptoms of trachoma, a blinding disease.

Therefore, option (d) is correct.

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true or false: providers accepting capitated contracts need to receive a per member per month premium sufficient to cover medical costs, administrative costs, and a reserve to protect against medical losses that exceed actuarial estimates.

Answers

The given statement "providers accepting capitated contracts need to receive a per member per month premium sufficient to cover medical costs, administrative costs, and a reserve to protect against medical losses that exceed actuarial estimates" is true to ensure that the healthcare organization remains financially viable.

Capitated contracts involve the prepayment of a fixed monthly amount per enrolled patient or covered life. Capitated payments can be used to reimburse healthcare providers for all or some of the services they offer.

The Per Member Per Month (PMPM) rate is the amount that providers receive for each patient each month, regardless of the number of services they receive. The amount paid per member per month is determined by the capitated rate or fee schedule negotiated between the health plan and the provider.

The PMPM rate should be sufficient to cover medical costs, administrative costs, and a reserve to protect against medical losses that exceed actuarial estimates. In other words, the rate should be enough to cover all the costs of providing healthcare to the patient population.

If the PMPM rate is too low, providers may not be able to cover their costs or may not be motivated to provide high-quality care.

Therefore, to ensure that the healthcare organization remains financially viable, the per member per month premium must be set at a level that covers not only the expected medical costs but also protects against unexpected medical losses that exceed actuarial estimates.

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Martin Company currently produces and sells 35,000 units of product at a selling price of $13. The product has variable costs of $7 per unit and fixed costs of $45,000. The company currently earns a total contribution margin of:

Answers

Answer:

The company currently earns a total contribution margin of $ 20

Robert works for a manufacturing company. His job profile requires that he keep track of the amount of raw materials that the business needs
to meet the required output (production). He also keeps a record of products that are semi-finished and are about to complete the production
process. Lastly, Robert keeps track of the finished products, keeping in mind the retailers' requirements. Which of these crucial aspects of the
distribution function is Robert Involved in?
A product handling
B. Inventory control
purchase planning
storage
OD

Answers

Answer:

B. Inventory control

Explanation:

Inventory is the term used to describe products in the various stages of production. Inventory refers to the raw materials used to make products, goods partially produced( work -in -progress), and the finished goods awaiting sales.

Robert's responsibilities revolve around inventory control. He is part of the supply chain team that coordinates material movement from the source, in the production process, and delivery to the market.

When doritos comes out with new flavors of its tortilla​ chips, what brand development strategy does it​ employ?.

Answers

When Doritos comes out with new flavors of its tortilla​ chips, it employs the brand development strategy of D. Line extension

In the field of business, we can describe a line extension as an extension in which the prior product line of a company is increased.

A line extension is a developmental strategy using which the brand name and revenue are thought to be enhanced by increasing the number of products for a company.

The strategy of line extension is being used by the company Doritos when it launches the new flavor for its tortilla chips.

Although a part of your question is missing, you might be referring to this question:

When Doritos comes out with new flavors of its tortilla​ chips, what brand development strategy does it​ employ?

A. Multibrand

B. Brand extension

C.Store brand.

D. Line extension

E. New brand

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Which option identifies the marketing strategy demonstrated in the following scenario?
Department stores often have their own credit cards and mailings sent to card holders that offer incentives such as
percent discounts and early hour shopping days.
O product packaging
customer loyalty
O advertising
word-of-mouth

Answers

Answer: customer loyalty

Explanation:

Employees who are paid a set annual wage regardless of the number of hours worked or the amount of work completed are paid on a(n) _____ basis

Answers

Answer:

Employees who are paid a set annual wage regardless of the number of hours worked or the amount of work completed are paid on a SALARY basis. Salary system of compensation is often based on qualifications, seniority, experience and the degree of difficulty of the job that the staff is executing.

A group of customers is drinking alcohol in your business and one of them has been identified as the designated driver. As a server, you:

Answers

Cut of alcohol

Explanation:

If they drink mre they are likely to becom drunk and migjt get into an accident

Answer:

Limit the amount they can drink, if at all

Explanation:

You want to make sure they are able to drive by the time they leave

Which national coordinating structure acts as the principal policy body for national security issues? A. National Security Council B. Mitigation Framework Leadership Group C. Sector Specific Agencies (SSA)

Answers

The principal policy body for national security issues National Security Council.

What is principal policy?

Principal policy is a set of guidelines and rules that a school principal or school board establishes to ensure that the school meets certain standards of education and conduct. These policies may include rules about student behavior, dress code, attendance, academic performance, and discipline. They also provide guidance for school staff and teachers on how to handle different situations that may arise. Principal policies help create an atmosphere of safety and respect for all students and staff members, as well as ensure that all students have access to a quality education. By creating clear expectations, these policies help to ensure that everyone in the school is working towards a common goal.

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How did the 1973 oil crisis affect the United States?
O A. Oit prices suffered from deflation as a result of an embargo.
O B. Trade remained stagnant even as economic growth continued.
OC. Trade increased as a result of wars in the Middle East.
OD. Oil suffered from high levels of inflation.

Answers

Oil suffering from high levels of inflation is how the oil crisis of 1973 affected the United states.

What was Oil crisis?

This took place around 1973 in which petroleum exports to the targeted nations were banned and cuts in oil production were introduced.

The low level of oil being available led to high levels of inflation which was why option D was chosen as the most appropriate choice.

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Answer: D. Oil suffered from high levels of inflation.

Explanation: Just took the test.

if the domestic markets for sugar of each country were combined, what would be the equilibrium quantity and price of imports/exports?

Answers

To determine the equilibrium quantity and price of imports/exports if the domestic markets for sugar of each country were combined, we would need to analyze the global market for sugar.

The equilibrium quantity and price would depend on various factors such as the global demand and supply for sugar, production costs, and government policies.

If the global demand for sugar is high and the supply is limited, the price of sugar would increase. In this scenario, countries with a surplus of sugar would be able to export their excess sugar to countries with a deficit.

On the other hand, if the global supply of sugar is high and the demand is limited, the price of sugar would decrease. In this scenario, countries with a deficit of sugar would be able to import sugar from countries with a surplus.

In addition to demand and supply, production costs and government policies also play a crucial role in determining the equilibrium quantity and price of imports/exports. Countries with lower production costs would be able to produce sugar at a lower cost, allowing them to sell their sugar at a lower price. Government policies such as tariffs and subsidies can also impact the price and quantity of imports and exports.

Therefore, it is difficult to determine the exact equilibrium quantity and price of imports/exports without considering all these factors. However, by analyzing the global market for sugar, we can gain a better understanding of how changes in demand, supply, production costs, and government policies can impact the price and quantity of imports and exports.

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Karen works in a department store. Her coworkers have diverse cultural backgrounds. Which statement shows that Karen understands the importance of multiculturalism?

A.
She values a consistent focus on knowing and completing her daily tasks.
B.
She expects everyone to conform to the same ideas about punctuality.
C.
She appreciates how other perspectives enhance customers’ shopping experiences.
D.
She values completing a job on schedule more than taking time to build relationships.

Answers

A.

She values a consistent focus on knowing and completing her daily tasks.Answer:

Explanation:

She appreciates how other perspectives enhance customers’ shopping experiences

Which educational options are especially useful for technical workers like Carpenters and Electricians? Check all that apply. career colleges apprenticeships associate degrees bachelor’s degrees

Answers

Answer:

A and B

Explanation:

I took the test

Answer:

the correct answer is A and B

Explanation:

Use the information in the table to decide which of the following statements is true. A. The payment amount changes each month. B. The amount applied to the principal is decreasing each month. C. The amount applied to the principal is increasing each month. D. The amount applied to interest is increasing each month.

Answers

Loan amortization schedule shows the summary regarding periodic loan payment. The given statment shows that the amount applied  to the principal is increasing each month.

What is Loan Amortization Schedule?

The loan amortization schedule is a schedule that shows the periodic loan payment of principal along with the interest after the end of each period.

The amount of payment for each month is same whereas the amount of principal and interest may vary.

The given schedule is a loan amortization schedule for three years. The principal amount in the 13th month is $325.82, 14th month is $328.19, 15th month is $330.57 and it keeps on increasing till the 19th month.

Therefore the correct statement is C.

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Answer: C The amount applied to the principal is increasing each month.

Explanation:


100% Edge

The total estimated cost of attending a public two-year college in Hasani’s home town last year was $2,265. The cost of attending the college is expected to increase 5% annually. Hasani plans to enter the college this year and attend for 2 years. Which is the best estimate for the total cost Hasani will pay for only his second year? $2,270.66 $2,275.00 $2,491.50 $2,497.16

Answers

Answer: Hi there! For this question, we will be compounding, because the cost of going of going to college goes up by 5% each year. The formula for compounding is P(1 + r)^t, where P = starting amount, r = rate, and t = time in years. First, let's add 5% (0.05) to 1. 1 + 0.05 is 1.05. We are talking about how much Hasani will have to pay in his second year. We will raise that number to the 2nd power. 1.05^2 is 1.1025. Now, we will multiply that number by2,265 to find the amount. When we multiply both numbers, we get 2,497.1625 or 2,497.16 when rounded to the nearest hundredth. There. Hasani will pay an estimated cost of $2,497.16. The answer is D.

Answer:

D

Explanation:

hich occurs during digestion?

The mouth only allows for physical digestion.
The mouth only allows for chemical digestion.
Chemical digestion prepares the food for physical digestion.
Physical digestion prepares the food for chemical digestion.

Answers

Answer:

Digestion can be either chemical or physical - physical digestion occurs when you chew food in your mouth (mastication) or chemical when it is broken down in the stomach (via HCl), just to give a few examples. There are many examples of both chemical and physical digestion.

Explanation:

United Supply has a $20 million liability at December 31, 2021, of which $4 million is payable in each of the next five years. United Supply reports the liability in the balance sheet as a:

Answers

Serían 800,00 por año

Sienna wants to reconcile her bank account to check how much money she has to spend.
What does she need to do to adjust the balance in her bank statement?

While adjusting her bank statement balance, Sienna should first add 1.) ________
and then deduct 2.) _________.

1.)
- deposits in transit
- NSF fees
- bank service charges

2.)
- bank errors
- outstanding checks issued
- interest earned

Answers

1. NSF fees and service charges would be money taking out of her account. She wants to add what is being put into her account so she should add deposits in transit.

The answer is Deposits in transit.

2. Deductions is money being taken out, so she would deduct outstanding checks issued.

Answer: outstanding checks issued.

Describe the information you will need to provide in order to complete a FAFSA. List at least three of the required documents you must include.

Answers

Answer:

Sample response: To complete a FAFSA, I must first include information to verify my identity. This includes my Social Security number or a driver's license. I must include information about my income or my family's income (if they are still responsible for my care). Finally, I must submit financial information, like my account statements.

Explanation:

2020 edg

When a profit-maximizing firm in a monopolistically competitive market is producing the long-run equilibrium quantity, Group of answer choices its average revenue will equal its marginal cost. its marginal revenue will exceed its marginal cost. it will be earning positive economic profits. its demand curve will be tangent to its average total cost curve.

Answers

Answer:

The correct answer is the last option: Its demand curve will be tangent to its average total cost curve.

Explanation:

To begin with, in the microeconomics theory the "monopolistically competitive" market is refered to that one whose main characteristics reside in the same as the perfect competition but with the major difference of exisiting the differentiation of the product or service in the market, so for that reason the competition is basically stimulated by the publicity and other factors that will differentiate their product against the other ones. Moreover, due to the short run equilibrium and therefore to the obtanining of big economic profits from part of every company in the market then more other companies will enter and once that happens then the profits of everybody will decrease. And that in the graphic has it major difference with the average total cost curve being tangent to the demand curve, which do not happen in the short run.

How important is money

Answers

Answer:

very important

Explanation:

money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.

Discovering objections in the minds of potential buyers often takes place when the seller attempts to ____ the sale.

A. Close
B. Approach
C. Prospect
D. Present​

Answers

Answer:

D. Present​

Explanation:

Sales objection can be defined as a hindrance or an obstacle posed as questions or statements to a salesperson by a potential or prospective buyer (prospect), indicating his or her unwillingness to buy a product.

Generally, in the selling process, prospective or potential buyers may object to a service, producer, competitor, price, time, product etc.

Hence, discovering objections in the minds of potential buyers often takes place when the seller attempts to present the sale such as explaining the benefits attached to a product or demonstrating how to use the product.

Additionally, in order to convince a potential buyer or handle the objections raised during the presentation of a product, salespersons are usually advised to listen, respond, clarify, and respect rather than being defensive.

Answer:

d.

Explanation:

developed by the us navy, a pert (program evaluation review technique) chart would help a project manager understand what aspect of a project?

Answers

A pert (program evaluation review technique) chart, created by the US Navy, would assist a project management in understanding the project milestones and the sequence in which they are expected to be achieved.

The U.S. Navy's Special Projects Office developed PERT charts for the first time in the 1950s to direct the construction of the Polaris nuclear submarine.

PERT charts use nodes, which are circles or rectangles, to indicate project milestones or occurrences. Vectors, or lines, that represent various tasks and their dependencies connect these nodes.

Managers can assess the amount of time and resources needed to manage a project using a PERT chart.

Project events or milestones are represented by circles or rectangles on a PERT chart, known as nodes. Different jobs are represented by vectors or lines that connect the nodes.

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Why is it important for o evaluate your advertising campaign when it is complete?

Answers

Answer:

A well-documented evaluation of your campaign builds credibility and respect. It helps determine if your ads are hitting the target audience, and what are their opinions and feedback on it.

Explanation:

The evaluation of your advertisement campaign helps in enhancing transparency and the report showcases the achievements you have attained during this and also helps showcase the entire campaign to every key stakeholder. It helps in building trust across the various departments in the company and enables them to measure the strengths and weaknesses of the campaign, in order to adjust for future campaign drives.

Negative criticism is generally
a. private
b. public
C. productive
d. practical
Please select the best answer from the choices provided
Ο Α.
OB
ОС
OD

Answers

Answer:

I think it's b. public

Explanation:

Please mark me brainliest if correct

Negative criticism can be either private or public. Private criticism is usually conveyed in a one-on-one conversation while public criticism is often shared openly in a group setting. Thus option (A) and (B) are correct.

What are negative criticism?

The negative criticism is productive or practical depends on how it is delivered and received. The negative criticism that is delivered poorly or without consideration for the recipient's feelings and perspective may not be productive or practical.

Private criticism is usually conveyed in a one-on-one conversation, email, or private message. It may be more constructive as it allows for a more personalized and in-depth discussion of the issues.

Public criticism, on the other hand, is often shared openly in a group setting  and it can be more damaging and less productive if not delivered constructively.

The negative criticism can be either private or public Therefore, option (A) and (B) are correct.

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Achievement of strategic goals through organization development is likely to fail if
O it involves new-direction innovation
O top managers are not committed
O leaders employ an innovation strategy
O the organization does not understand the competition

Answers

Answer: Influence is the answer

Explanation:

George runs a mid-size accounting practice and recently upgraded to Excel 2016. He expects sales to grow in the next few months during tax season. After that, he would like to begin upgrading some of the equipment and furniture for the employees in his office. He will start with the Reception area, which has the most visibility. If sales reach a certain amount by the end of April, George will purchase a desk, chair, computer, and software upgrade for the receptionist. Otherwise, George will just purchase the desk and chair. How can George determine the best action to take using a Sales Data worksheet

Answers

Answer:

The options are missing, so I looked for a similar question and found them:

Copy and paste all his Sales data formulas with relative reference Add an IF function formula to his Sales data worksheet Add the Now function formula to his sales data worksheet Copy and paste all his sales data formulas with absolute references

The correct answer is:

2. Add an IF function formula to his Sales data worksheet

Explanation:

The most popular worksheet is Excel, and the IF function in excel helps us to compare the actual value of a cell (or group of cells) and the value that we expected it would have.

In this case, George has decided to refurbish his office only IF his sale level increases above a certain point.

Chiles Corporation's target capital structure consists of 40% debt and 60% common equity. Assume that the firm has no retained earnings to fund it's capital budget in the coming year. Chiles expects to pay an annual dividend of $1.75 this year, which is expected to grow at a constant rate of 5%; and their current stock price is $21.88. Chiles can raise all the debt financing it needs at 11%. If Chiles issues new common stock, a 15% flotation cost will be incurred. The firm's tax rate is 25%. 1. What is the component cost of the equity raised by selling new common stock? 2. What is Chiles' cost of capital assuming they will have to issue new common stock?

Answers

Chiles Corporation's cost of capital, assuming they will have to issue new common stock, is approximately 9.63%.

The component cost of the equity raised by selling new common stock can be calculated using the dividend growth model, also known as the Gordon growth model. The formula for the cost of equity (Ke) is as follows:

Ke = (Dividend / Stock Price) + Growth Rate

Given:

Annual Dividend = $1.75

Stock Price = $21.88

Growth Rate = 5%

Ke = ($1.75 / $21.88) + 0.05

Ke ≈ 0.080 + 0.05

Ke ≈ 0.13 or 13%

Therefore, the component cost of the equity raised by selling new common stock is approximately 13%.

To calculate the cost of capital (WACC) for Chiles Corporation assuming they will have to issue new common stock, we need to consider the weights of debt and equity in their target capital structure.

Given:

Debt Weight = 40%

Equity Weight = 60%

Debt Cost (Kd) = 11%

Equity Cost (Ke) = 13%

Flotation Cost = 15%

Tax Rate = 25%

WACC = (Debt Weight * Debt Cost * (1 - Tax Rate)) + (Equity Weight * Equity Cost * (1 - Flotation Cost))

WACC = (0.40 * 0.11 * (1 - 0.25)) + (0.60 * 0.13 * (1 - 0.15))

WACC = (0.04 * 0.75) + (0.078 * 0.85)

WACC ≈ 0.03 + 0.0663

WACC ≈ 0.0963 or 9.63%

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When a corporation repurchases its bonds from the bondholders, the corporation the bonds.

Answers

These bonds are called retired bonds. The bonds are referred to be retired bonds when a corporation repurchases them from the bondholders. They are called so because they have been repurchased from the investors.

- More about retired bonds :

- Repurchasing previously issued bonds from investors is referred to as retired bonds. At the time of the instruments' scheduled maturity, the issuer retires the bonds. Another method of retirement is for the issuer to repurchase the bonds sooner if the bonds are callable.

- In the case of bonds, it means that the corporation is effectively returning the principal to the investors who purchased loans from them and discharging its debt obligations. Retired securities are those that have undergone this type of purchase back.

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- The complete question is :

When a corporation repurchases its bonds from the bondholders, the bonds are called ____ bonds.

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On the downside, the democratic process is normally slower and may not function well in workplaces where quick decision-making is crucial.Charismatic leadershipThere is a certain amount of overlap between charismatic and transformational leadership. Both styles rely heavily on the positive charm and personality of the leader in question. However, charismatic leadership is usually considered less favourable, largely because the success of projects and initiatives is closely linked to the presence of the leader. While transformational leaders build confidence in a team that remains when they move on, the removal of a charismatic leader typically leaves a power vacuum Solve for a.a + -12 = 45 A. a = 33 B. a = 42 C. a = 57 D. a = 63 in cry, the beloved country, msimangu points out a sin in kumalo's life. what is the sin that he points out? A batter hits a baseball upward with an initial speed of 96 feet per second. After how many seconds does the ball hit the ground?Use the formula h=rt-16t^2 where h represents height in feet and r represents the rate in feet per second Hey Brainly! I need help with my personal financial planning homework. My teacher said for us to answer the question: once you make three long-term financial goal, how do these long-term financial goals match with the lifestyle you plan to live? I'm unsure how our financial goals can match with the lifestyle we plan to live. Can someone explain, please? HELP pLzZZ IT IS DUE IN a FEW MINUTES AND I CANT FIGURE IT OUT!!!!!What is the unit rate. of 5/8 mile in 1/4 hour what information does the project schedule provide? documentation of costs related to similar deliverables effort estimates for completing deliverables a helpful reminder of planned project outcomes a list of identified requirements for deliverables in lines 15-16, repeated phrases are used to emphasize * Hamlets unwillingness to hear what the King has to say how personally the King takes Hamlets attitude Hamlets responsibility to the memory of his father the extent to which Hamlets behavior is in error This car is parked. The engine is off and there is no music playing, What energy is currently in use?