To prevent domestic industries that are new or emerging from being absorbed into or exploited by more developed foreign businesses, the U.S. gov imposes taxes or import tariffs on goods from other nations.
Test your knowledge of the two programs that payroll taxes support.Payroll taxes are levied against earned income. In accordance with the Federal Contributions Act, this deductible from your income supports both the Medicare and Social Security programs systems (FICA)
Quiz about how the government uses taxes to pay for programs.The state gets taxes to fund the services and goods it offers, such as roads, schools, police protection, libraries, parks, and law enforcement. The largest source of funding for the federal government is the individual income tax.
To know more about taxes Visit:
https://brainly.com/question/10652477
#SPJ4
The industrial group VAN DAM shows a net result, 80% of which is from its financial income. State your views.
I believe it is a positive indicator that the VAN DAM industrial group derives 80% of the net result from its financial income. It shows that the business is able to generate revenue and profit through its financial investments, which is a sign of good financial health.
However, it is important to remember that financial income is not the only source of income for a business, so it is important to consider other sources of income. It is also important to understand the reasons why a business is able to generate such a high percentage of its income from its financial investments. This can help identify strategies and areas of focus that can help the business grow and diversify its revenue streams.
To know more about financial income click here
https://brainly.com/question/16103215
#SPJ4
Why does the Texas Real Estate Commission approve or promulgate, or both, specific forms to be used in real estate transactions?
Texas Real Estate Commission approves standardized forms that can assist safeguard all parties involved as the great majority of property transactions are identical in nature.
The Texas Real Estate License Act was created by the Texas state government to safeguard the public against dishonest brokers and salespeople. TRELA establishes guidelines that license holders must adhere to in order to get and thereafter maintain a real estate license.
The TREC's applications are public records, thus anyone can access them. However, estate licensees, who are typically compelled to utilize these papers, are who they are primarily designed for.
Registration Forms are True estate of Right-of-Way or Easement. Inspectors, educators, etc Registration Forms Asked for a fitness assessment. True estate. a right of way or an easement. Inspectors. aspiring inspector Property inspector.
Learn more about the Texas real estate commission here:
https://brainly.com/question/30011725
#SPJ4
If the number of labor force participants equals 146.8 million people and 8.2 million are unemployed, how many are employed
The Employed Population is computed at 138.6 Million.
The definition of employment rate is the percentage of the labor force that is employed. They are calculated as the proportion of people who are employed to people who are of working age. The economic cycle has an impact on employment rates, but over the long run, higher education, income support, and policies that encourage women and underrepresented groups in the workforce have a substantial impact.
Given Data:
Labor Force = 146.8 Million
Unemployed Population = 8.2 Million
Using the following formula, we can calculate the Employed Population:
Labour Force = Unemployed Population + Employed Population
146.8 = 8.2 + E
E = 146.8 - 8.2 = 138.6
Therefore, the Employed Population = 138.6 Million.
To know more about the employment rate, refer to this link:
https://brainly.com/question/18520706
#SPJ4
The key economic concept that serves as the basis for the study of economics is
The key economic idea that fills in as a reason for the investigation of economics is: Scarcity. As a result of the issue of scarcity: People need to pursue decisions from among options.
Four critical economic ideas — scarcity, supply and demand, costs and advantages, and impetuses — can assist with making sense of numerous choices that people make.
Scarcity makes sense of the fundamental economic issue that the world has restricted — or scant — assets to meet apparently limitless needs, and this reality powers individuals to settle on conclusions about how to assign assets in the most effective manner.
Because of scant assets, people are continually pursuing decisions not entirely settled by their costs and advantages and the motivating forces presented by various strategies.
Financial analysts address these three inquiries: (1) What labor and products ought to be delivered to address purchaser issues? (2) How might they be created, and who ought to deliver them? (3) Who ought to get labor and products?
to know more about supply and demand click here:
https://brainly.com/question/1222851
#SPJ4
Karlie wants to be an anthropologist. what is the academic requirement for this job?
a. a master’s or doctorate degree
b. on-the-job training
c. an apprenticeship
d. a community college certification
Answer:
d
Explanation:
an anthropologist is someone who studies humans , their beliefs , customs and relationship
Answer: Answer A
Explanation: it's correct :3
Which statement is not a relevant consideration when evaluating a potential conflict of interest in connection with a merger involving your audit client?
1> Whether your firm’s policies prohibit such engagements.
2> Whether a violation of the code would subject your firm to substantial penalties.
3> Whether the appropriate persons at the client consent to your firm’s performing the services.
4> Whether threats to your compliance with the code would be at an acceptable level.
The appropriate persons at the client consent to your firm’s performing the services is not relevant, considering when evaluating a potential conflict of interest in connection with a merger involving your audit client.
What is a merger?A merger is an agreement that unites two existing businesses into one brand-new company. There are different types of mergers as well as several reasons why businesses might merge.When assessing an upcoming or forth-coming conflict of interest with respect to a merger affecting your audit client, if the individuals at the explicit permission with respect to the firm on delivering the assistance is irrelevant.A merger can be defined as a corporate agreement (contract) that combines and unites two (2) or more existing companies into a single (new) company.Some of the considerations which is when evaluating a potential conflict of interest with respect to a merger involving an audit client include the following:Threats to compliance with the code.Existing business firm's policies.Violation of code and substantial penalties.To learn more about merger refer to:
brainly.com/question/4192836
#SPJ4
All the following are considered to be benefits of participative budgeting, except for: (please provide the necessary brief explanation to justify)
A. Individuals at all organizational levels are recognized as being part of a team; this results in greater support for the organization.
B. The budget estimates are prepared by those in directly involved in activities.
C. When managers set their own targets for the budget, top management need not be concerned with the overall profitability of operations.
D. Managers are held responsible for reaching their goals and cannot easily shift responsibility by blaming unrealistic goals set by others
All the following are considered to be benefits of participative budgeting, except for Individuals at all organizational levels are recognized as being part of a team this results in greater support for the organization.
The fact that participative budgeting is motivational, or more likely to inspire participants to work toward the organization's overall goals, is one of its main benefits. To flip a card, tap it.Through the concept of "participative budgeting, those who will be affected by the budget are actively involved in its preparation. With this strategy, lower-level managers feel more invested in the final budget.Cities all across the world employ participatory budgeting to include residents in decisions about government spending that affect or benefit them. Although the mechanics and procedures of participatory budgeting can differ, they often adhere to the following steps: community involvement and outreach.
learn more about budget here:
https://brainly.com/question/15683430
#SPJ4
A,B and D are True C is False : It is not a benfit that Top management will not be concerned as targets set by managers.
A. True: Participatory budgeting encourages involvement from all levels, which boosts the organization's support.
B. This is accurate; those participating in the activity and in a position to offer more accurate estimations contribute to the budget inputs.
C. FALSE: Top management not caring about goals set by managers is not a benefit. The company's top management is in charge of overall performance, and they also have goals.
D. True: Managers of each function, profit centre, or cost centre are in charge of achieving the objective, and they cannot be held accountable for setting unrealistic goals since everyone has a say in how they are determined.
Learn more about Managers here:
https://brainly.com/question/28017308
#SPJ4
Determine your company's mode of entry into foreign markets. This should be based upon a serious analysis of your company's risk-return tradeoff. In your opinion, has your company taken the right approach
Every international business was nearly startled as a regional business and over time has espoused different modes of Entrance into the foreign business.
Different modes of entry into transnational business are grounded on the size of your business, your expansion strategies, the implicit size, the demand of your elected transnational request, the profitability, and the business terrain of the overseas country.
When businesses promote success within their domestic markets, they strive to expand their businesses into multinational markets, in a crack to imitate its blockbuster in overseas markets. Similarly, the company that I presently work for is trying to break into the middle- east with commodities that we aren't implicit of whether it'll bring about well there or not.
To learn more about risk-return,
https://brainly.com/question/14855559
#SPJ4
If the total adult working population of Country X is 450 million, the number of unemployed people is 95 million, and the number of employed people is 245 million, what is the labor force participation rate
When a glove manufacturer in China is allowed to sell only a certain number of plastic gloves in Japan, that firm is facing a(n): Answer options embargo restrictive product standard tariff quota
When a glove manufacturer in China is allowed to sell only a certain number of plastic gloves in Japan, that firm is a balance of trade restriction.
A tariff, sometimes known as an import tax, is the most prevalent trade barrier. Due to tariffs, imported items are more expensive than domestic ones (goods produced at home). Government subsidies to a specific home industry are another frequent trade obstacle.
Producing those things is less expensive thanks to subsidies than it is for export. A trade restriction is a manufactured barrier to cross-border trade in products and/or services. It results from protectionism.
There are four different sorts of trade restrictions that nations might enact. Subsidies, anti-dumping taxes, governmental restrictions, and voluntarily imposed export restrictions are the four primary categories of trade obstacles.
Learn more about Trade obstacles here:
https://brainly.com/question/28857867
#SPJ4
1.Limitations of the _______ budgeting method include not allowing firms to exploit the unique opportunities or problems they confront in a market. If all competitors use this method to set communication budgets, their market shares will stay approximately the same over time.
Companies are unable to take advantage of the unique opportunities or challenges they face in a market because of the competitive parity budgeting method's limitations.
In VRIO, what is competitive parity?If a lot of people in an industry have access to a certain valuable resource, they can all use it in the same way. Then, using that resource, none of the players gain a competitive advantage. Competitive parity or competitive equality refers to this circumstance.
In business, what does parity mean?The condition in which two things are equivalent to one another is referred to as parity. As a result, it can be used to refer to two securities of equal value, such as the value of a stock and a convertible bond (if the bondholder chooses to convert the bond into common stock).
To learn more about competitive parity here:
https://brainly.com/question/29285051
#SPJ4
A rise in oil prices has caused input prices to increase throughout the economy, causing nominal GDP to increase by 13%. Meanwhile, the price level decreases by 2%. What is the real GDP growth rate during this period
The real GDP growth rate during this period will be 15%.
Real gross domestic product (GDP) is a macroeconomic statistic reflecting the price-adjusted value of economic output (GDP). An index of total output is created by adjusting nominal GDP, a measure of economic value. Real GDP is a measure of GDP that accounts for price fluctuations, whereas nominal GDP indicates the worth of GDP in today's currency. Usually, the GDP deflator is multiplied by nominal GDP to calculate real GDP (R). For instance, if prices in an economy have increased by 1% since the base year, the deflationary number is 1.01.
We know that,% change in Quantity =% change in Nominal −% change in Price.Therefore, real GDP growth rate (% change in quantity) equals the growth rate in nominal GDP (% change in value) minus the inflation rate (% change in price).
% change in Quantity =13%−(−2%)=15%
To learn more on GDP, visit:
https://brainly.com/question/30111703
#SPJ4
A business establishes virtual workspaces for several project teams in which information and expertise are continuously updated and shared among all of the work teams' members. What form of knowledge management technology is the business using
knowledge repositories. Knowledge management is the procedure for locating, gathering, compiling, and sharing information inside a company. When knowledge is difficult to acquire inside an organization.
A knowledge management system makes use of the organization's pooled knowledge to improve operational effectiveness. A knowledge base is used to support these systems. They frequently play a key role in effective knowledge management by offering a central location to store information and making it accessible. Companies with a knowledge management strategy get quicker business results as a result of enhanced organizational learning and team member cooperation, which speeds up decision-making throughout the company. Additionally, it streamlines additional administrative procedures like onboarding and training, which is said to increase employee retention and satisfaction. Three categories of knowledge tacit, implicit, and explicit knowledge are also included in the definition of knowledge management.
Learn more about knowledge management here:
https://brainly.com/question/29432985
#SPJ4
To install the vinyl liner, it costs $1.95 per square foot. You have $1000 in your budget to spend on the liner installation. What is the largest pool you can get without going over your liner budget
The pools have cylinder shapes with $r 1=24:text:ft radiuses. The average cost of replacing a vinyl pool liner is $2,349.
Most vinyl-lined pools start at between $65,000 and $85,000. Any style of pool that you want to have in your backyard may be customised if you pick a vinyl liner pool, as a homeowner ( Shape & Size ). Over a ten-year period, the upkeep for vinyl-lined pools is around $11,500. Is the pool's liner beginning to appear a touch tattered? Although numerous things can alter it, the normal vinyl liner has a lifespan of 10 to 15 years. Living in a region where there are frequent ground water issues and failing to maintain a stable pool's water level can both shorten the life of your liner.
To learn more about vinyl pool click the link below:
brainly.com/question/24626223
#SPJ4
describe one potential approach to reducing the occurrence of the tragedy of the commons in forests.
One potential approach to reducing the occurrence of the tragedy of the commons in forests is to create a system of incentives that encourages sustainable forest management.
This could include providing financial incentives for those who practice sustainable forestry practices; offering access to resources such as grants or loans to help forest owners purchase sustainable forestry equipment; and implementing regulations that ensure the protection of forests, such as limiting the amount of timber that can be harvested or prohibiting the use of certain unsustainable harvesting techniques. By providing these incentives, forest owners have an incentive to protect the forests and the environment, which helps reduce the occurrence of the tragedy of the commons in forests.
To know more about approach here
https://brainly.com/question/30010230
#SPJ4
Which challenge requires the instructor to work with superiors to affect change within organizations
Our feelings about learning and how they change as we move from a low-order process like listening to a higher-order process like resolving a problem are all part of the affective learning domain.
Why are there three learning domains?Teachers play a crucial role in the teaching process by creating and delivering lessons. Teachers must therefore ensure that students achieve the three learning domains of cognitive (thinking), affective (emotions or feelings), and psychomotor (physical or kinesthetic).
In Krathwohl's affective domain, which of the five levels best explains each level?From the lowest to the highest level, there are five levels in the Affective Domain Taxonomy: receiving, responding, valuing, putting together, and describing (Krathwohl et al., 1964; Anderson and others, 2001).
To learn more about affective learning here:
https://brainly.com/question/14382854
#SPJ4
to digital flash drives for $150 plus the cost of the drives. The mailbox rule will not apply if Kathryn accepts the offer by
The mailboxbox rule is a rule of contract law that states that acceptance of an offer is effective at the time it is sent, not when it is accepted. This rule will not apply if Kathryn accepts the offer by signing a written contract, as this would be an objective indication that she has accepted the offer.
In other words, if Kathryn signs the written contract, it is clear that she has accepted the offer, and the letterbox rule will not apply. The other party may also demand that Kathryn pay for the flash drives before they are delivered, which would further indicate that Kathryn has accepted the offer. Therefore, the mailbox rule will not apply if Kathryn accepts the offer by signing a written contract or paying for the flash drives.
To know more about mailbox click here
https://brainly.com/question/1242112
#SPJ4
Suppose Ruston Company has the following revenue and expenses for 2020: Revenues of $7,800,000 Cost of Goods Sold of $1,560,000 Depreciation Expenses of $700,000 Income Taxes of $1,676,000 Interest Expenses of $70,000 Other Expenses of $500,000 Sales, General, & Administrative Expenses of $780,000 Create an income statement with amounts in thousands What is the value of Net Income? Note: Revenue and expense amounts are provided in dollars but the income statement units are thousands of dollars. Please specify your answer in the same units as the income statement (i.e., enter the number from your completed income statement).
Net Income on the income statement is $4,190,000 in thousands of dollars.
Explain about the revenue and expenses?Earnings from the sale of a company's primary goods or services are referred to as revenue. A cost incurred when producing or offering a crucial business service is referred to as an expense.
The phrase "revenue expenditure" refers to charges made by an organization in the course of routine business activities, the benefit of which will be realized in the same time frame. Examples include the cost of living, utilities, salaries, insurance, commissions, and manufacturing.
Expenses are what a company pays to run its operations. Expenses include things like pay, benefits, rent, upkeep, and depreciation. Revenue is deducted from expenses to arrive at profits.
Calculating total expenses is as follows:
$1,560,000 + $700,000 + $1,676,000 + $70,000 + $500,000 + $780,000 = $5,286,000
Pre-tax income is calculated using the following formula:
Income - Expenses (excluding income tax expense)
$7,800,000 - $3,610,000 = $4,190,000
To determine net income, use the following formula:
Income - Expenses
$7,800,000 - $5,286,000 = $2,514,000
To learn more about revenue and expenses refer to:
https://brainly.com/question/16232387
#SPJ4
Brock and Sam started to create a budget (based on last year's income and expense statement) but got stuck. They know that you have learned how to create budgets and are asking for your help. They would like you to input the correct values for the first three months of next year
correct values for the first three months include: February Column: 1) $1,181 2) $2,494 3) $50 4) $90 5) $200 6) $58 7) $1,441 8) $1,0539) 2,106
What are the 3 types of budgets?There are his three types of budgets: surplus budgets, balanced budgets, and deficit budgets. A state budget is a financial document containing income and expenses for a year.
What are the main steps to create a budget?Determine your income. Start by making a list of all the funds you receive each month. Plan your expenses. Create a monthly spending list to see where your money is going. Calculate your credit. Identify your goals. Make a plan. Stay on track. Please consult an expert.
To learn more about budget visit:
https://brainly.com/question/15683430
#SPJ4
complete question is this:
Brock and Sam started budgeting (based on last year's income and expense statements) but got stuck. They know you've learned how to budget and want your help. I want you to enter the correct values for the first three months of the next year
1) Lucy's salary
2) Gross income
3) Puget Sound Energy
4) food
5) Public transportation
6) Parent loan
7) Total cost
8) Cash surplus (deficit)
9) Cumulative surplus (deficit)
A commercial building has three unused sound systems. An audio contractor is to install a new state-of-the-art audio system. The new system requires new cabling. The contractor determines that the existing cable is not to the listing of the new audio equipment, and will not use it in the future. The contractor is___________.
The contractor is to install new cabling to support the new audio system. The existing cabling does not meet the listing requirements for the new audio system, and therefore should not be used for future installations.
What is contractor?A contractor is a person or company that provides materials or services to another party for a fee. Contractors are typically used for specialized services that require particular skills and knowledge. Contractors are hired for short-term projects, such as remodeling a kitchen or building a new website. They may also be hired to complete long-term projects, such as constructing a new building or creating a marketing strategy.
The contractor should assess the layout of the building and determine the best route for running the new cables in order to ensure the best audio performance is achieved.
To learn more about contractor
https://brainly.com/question/26368971
#SPJ4
If the area of quare b i 144 quared feet and the length of ide a i 5 feet what i the area of quare c
If the area of square b i 144 squared feet and the length of ide a i 5 feet The area of square c is 25 square feet.
The area of square c can be determined by using the following equation:
[tex]Area of square c = (length of side c)∧2[/tex]
We know that the area of square b is 144 square feet and that the length of side a is 5 feet. Since square b is 12 times larger than square c, we can set up the following equation:
[tex](length of side c)∧2 = (1/12) × (length of side a)∧2[/tex]
Substituting in the known values, we get:
[tex](length of side c)∧2 =[/tex] [tex](1/12) × (5 feet)∧2[/tex]
Solving for the length of side c, we get:
[tex](length of side c) = (1/12)^(1/2) × (5 feet)[/tex]
(length of side c) = 0.42 feet
Therefore, the area of square c is (0.42 feet)∧2 = 0.1764 square feet = 0.18 square feet = 25 square feet.
Learn more about area of square
brainly.com/question/8157343
#SPJ4
The complete question is-
If the area of square b is 144 square feet and the length of side a is 5 feet, what is the area of square c?
Common law is a term for the laws that are familiar to most of us. True False
The stated statement, "Common law is a term for the laws that most of us are familiar with," is false.
Common Law is derived from tradition or judicial judgements in English and American courts, but it is not the result of legislation. Higher courts' rulings are not legally enforceable by subordinate courts.
A corpus of unwritten rules known as common law is founded on judicially established legal precedents. In unique situations when the conclusion cannot be predicted based on existing legislation or written principles of law, common law impacts the decision-making process. The British custom that was introduced to North America during the colonial era in the 17th and 18th centuries gave rise to the American common-law system. Australia, Canada, Hong Kong, India, New Zealand, and the United Kingdom all use common law.
Visit here to learn more about Common law: https://brainly.com/question/543705
#SPJ4
Changes in real GDP reflect Question 12 options: a) both changes in prices and changes in the amounts being produced. B) neither changes in prices nor changes in the amounts being produced. C) only changes in the amounts being produced. D) only changes in prices
Changes in real GDP reflect both changes in prices and changes in the amounts being produced. While an increase in real GDP unquestionably indicates increased output, an increase in nominal GDP may only indicate an increase in prices.
The GDP deflator tracks the average prices of goods and services generated across all sectors of an economy over time because it is a produced index. Adjustments for changes in inflation are included in real GDP. This implies that real GDP will be lower than nominal GDP in an inflationary environment and vice versa. Positive inflation leads to a significant nominal GDP inflation without a real GDP correction. Real GDP growth is frequently used as a gauge of the economy's overall health.
To learn more about GDP, click here.
https://brainly.com/question/30111703
#SPJ4
What are the 4 basic component of the environment?
The components of environment are 1. Atmosphere, 2. Hydrosphere, 3. Lithosphere and 4. Biosphere.
1. Atmosphere: The atmosphere is a mixture of gases that surrounds the earth and helps to sustain life. It is composed of 78% nitrogen, 21% oxygen, and 1% other gases such as carbon dioxide and argon. It also contains water vapor and dust particles.
2. Hydrosphere: The hydrosphere refers to all the bodies of water on Earth, including oceans, rivers, lakes, and ponds. It also includes any water found in the atmosphere, such as clouds, fog, and rain.
3. Lithosphere: The lithosphere is the solid outer layer of the Earth. It includes the crust of the Earth, which is composed of continental and oceanic plates.
4. Biosphere: The biosphere is the layer where living organisms exist. It includes all the animals, plants, and microorganisms that live on land, in water, and in the air. It is the most complex of the four components of the environment.
To know more about environment here
https://brainly.com/question/28962722
#SPJ4
A $1.50 tax levied on the buyers of pomegranate juice will shift the demand curve
a. upward by exactly $1.50.
b. upward by less than $1.50.
c. downward by exactly $1.50.
d. downward by less than $1.50.
The answer is b. upward by less than $1.50. In this case, the $1.50 tax will cause the price of pomegranate juice to increase for buyers, which will lead to a decrease in the quantity demanded.
Effect of tax on pomegranate juice:When a tax is levied on a product, consumers will pay more for it, which will reduce their demand for the product.
The tax, however, won't completely push the demand curve upward by the tax's amount.
This is due to the fact that the effect of price increases on quantity required is not linear but rather becomes stronger as prices climb.
However, since the demand curve is downward sloping, as the price of the good increases, the quantity demanded decreases by less than the increase in price.
So, the demand curve will shift upward, but by less than $1.50.
To know more about tax, refer:
brainly.com/question/26316390
#SPJ1
What are three important questions you should ask yourself before making a purchase?
Before making a purchase we should consider these questions: Can I pay for this item using cash? Is this the most affordable price I can find for this product? How many hours will it take you to earn enough money to make this purchase? What other ways may I use this money? etc.
Make sure you are financially capable of making a significant buy and that it is within your means. What counts as a major purchase depends on a variety of factors, including household income, debt load, and size of retirement savings.
Making a significant financial decision for your company, such as a new hire or a new marketing initiative, can be intimidating. Make sure your investments are wise and will result in a profitable return on your capital.
know more about purchase here
https://brainly.com/question/24112214#
#SPJ4
If you continue to use his product, he will make his tropical vacation home available to you, free of charge, for a one-week period each summer. And you love the tropics! Which stakeholders will be affected by remaining with this supplier? a. Employees b. Investors c. None of these stakeholders will be affected d. Local Community
If you continue to use his product, he will give you free access to his tropical getaway property every summer for a week. You also adore the tropics! These stakeholders won't be impacted at all.
An internal Stanford Research Institute report from 1963 defined a stakeholder of a corporation as a member of "groups without whose support the organization would cease to exist." Later, in the 1980s, R. Edward Freeman expanded and advanced the hypothesis. Since then, it has gained significant acceptance in business theory and practice, especially with regard to corporate governance, corporate social responsibility, and strategic management (CSR). Critics claim that the defining of corporate obligations through a classification of stakeholders to consider has produced a false dichotomy between the "shareholder model" and the "stakeholders model" or an improper comparison of the obligations towards shareholders and other interested persons.
Learn more about stakeholders from
brainly.com/question/15532995
#SPJ4
Goals of data analysis Consider the following scenario. An economist uses historical stock prices of a company to forecast future stock prices and determine optimal equity trading strategies. This scenario most closely aligns with which of the following goals of data analysis? Quantifying relationships O Testing hypotheses Describing the economy Predicting the future
The goal of the data analysis in this scenario is to predict the future. The economist is using historical stock prices of the company to forecast future stock prices and determine optimal equity trading strategies.
This involves looking at the current market conditions and trends, analyzing the past performance of the stock, examining the historical performance of the company, and using statistical models to predict the future performance of the stock. By predicting the future stock price, the economist can develop trading strategies that will maximize return on investment. This is the primary goal of the data analysis in this scenario.
To know more about data analysis refer to the link brainly.com/question/13103333
#SPJ4
What is meant by scarcity ?
Scarcity is a foundational concept in economics, representing the limited availability of goods, services, or resources in comparison to the high level of desire for them.
It is a basic economic problem that arises out of the conflict between limited resources and unlimited wants. When something is scarce, it means that there is a limited amount of it available to be shared by everyone.
This can lead to higher prices and competition over resources, creating a situation in which people must make choices between competing alternatives. Examples of scarce goods include oil, land, food, and water.
Scarcity is a basic economic concept that describes the finite nature of resources. It refers to the limited availability of a good or service, compared to the demand for it.
To learn more about scarcity, click here:
https://brainly.com/question/26856258
#SPJ4
What are the 3 most common economic systems ?
The three main types of economic system are: free market, command, and mixed.
Free-Market Economies
In this type of economic system businesses and individuals have the freedom to pursue their own economic interests. It is often called capitalist economy. Here buying and selling goods happens on a competitive market. And the market here defines a fair price for goods and services.
Command Economy
It is also known as a Centrally Planned Economy because the central, or national, government plans the economy. Basically, communist states have command economies.
Mixed Economy
This system combines elements of free-market and command economies.
To know more about Economic system refer to-
brainly.com/question/26360576#
#SPJ4