Why are there trade-offs in economic decisions?

scarcity

the law of supply

the law of demand

priorities

If you borrow $5,000 to remodel a home at 5% interest rate, what is the principal

Which of the following activities illustrates a risk response strategy designed to research a threat or an opportunity? a. establish triggers and update them frequently b. establish time or cost contingencies c.

True or false: the heckscher-ohlin theory addresses two questions left unexplained by the ricardian theory: what determines comparative advantage and what effect does international trade have on the earnings of various factors of production in

You start work at 7:30 am and take a half an hour unpaid lunch at 11:30 AM and then start work at 5:30 PM. How much hours will you receive payment at the end of the day?

A florist is buying a number of motorcycles to expand its delivery service. These will cost $78,000 but are expected to increase profits by $3000 per month over the next four years. What is the payback period in this case

Conversion occurs when a person or event is the catalyst for implementing major changes for a system to meet business changes.

In the current year, Generous University awarded scholarships to graduate students in the amount of $5,000,000. The recipients are not required to provide any services in return for the scholarships. How should the university record the award?

Suppose that in 1984 the total output in a single good economy was 12,000 buckets of chicken. Also assume that in 1984 each bucket of chicken was priced at $16.

European interest in the Middle East intensified after oil was discovered in the region. a. True b. False

What type of marketing channel would Secure Insurance use if it offers its products exclusively through door-to-door salespersons?