The problem of economic scarcity applies
A. only in industrially developed countries, because resources are scarce in these nations
B. to economic systems in all nations, regardless if their level of development
C. only in underdeveloped countries, because there are no productive resources in these nations
D. only in economic systems that are just beginning to develop, because specialized resources are scarce in developing nations
Answers: 3
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What is a sort of auction for stocks in which traders verbally submit their offers?
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Which of the following would not generally be a motive for a firm to hold inventories? a. to decouple or separate parts of the production process b. to provide a stock of goods that will provide a selection for customers c. to take advantage of quantity discounts d. to minimize holding costs e. all of the above are functions of inventory.
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Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate
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Acompany that uses the periodic inventory system provided the following information: 1. beginning inventory $ 5 comma 0002. purchases $ 150 comma 0003. purchase discounts $ 2 comma 1004. purchase returns and allowances $ 1 comma 000at the end of the period, the physical count of inventory reveals that $ 16 comma 000 worth of inventory is on hand. what is the amount of cost of goods sold?
Answers: 2
The problem of economic scarcity applies
A. only in industrially developed countries, because...
A. only in industrially developed countries, because...
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