An example of hman capital Selecr one a. computng skils. b. 100 s ares of leM st
ID: 1127599 • Letter: A
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An example of hman capital Selecr one a. computng skils. b. 100 s ares of leM stock e c. money Eoonomic Models are Select one: a usotul beoause thoy do simpity. o b. useful because they do not simplify. o e useless becase they simplify. e d. as complex 8s possble so make them useful e. al of the other arswers are correct Scarcty apobiem in economics because it means a thar all soonomios will be poor b. we cannot prod.ce all tho food wo would nood. a.coneumers will net be able to coreume al of the goods hat producers have the capacity to prod.ce. d. there is some limit on every economy's standard of living. -0. the oconary non improve ts peoples standard of ling The centrel question in econamics is how ta: Soloct one: a deal with tne problem of scaroty. b. manage monay and beoomo wealthy o. charge government o onomic policy d. change people's wanna to match their needs The Cetera Paribus assumptien a used to: Select one: a make econemics more realsic o b. conerol for cther variabies c.elminate errors in economics d. incroace consumer demand a none of the other answes e tvp woority co @fpodaang shoes ncoesos.Explanation / Answer
Answer:- The example of Human capital is:- Labor
Reason:- labor or human resources are the human capital of any organization
Answer:- Economic models are :- useful because they do simplify
Reason:- Economic models are simplified versions of reality
Answer:- Scarcity is a problem in economics because:- because we cannot produce all the food we would need
Reason:- Scarcity is an issue in economics as there are limited resources in the economy.
Answer:- the central question in economics is how to:- deal with the problems of scarcity
Reason:- Scarcity is the main issue as it will not allow us to satisfy all the demand
Answer:- the ceteris paribus assumption is used to :- make economics more realistic
Reason:- ceteris paribus assumptions is used to make the field of economics more like chemistry and less like philosophy.
Answer:- A supply curve is defined as the relationship between :- The price of the good and the quantity that producers are willing to supply.
Answer:- The correct Answer is:- The demand for chicken increases
Reason:- When the price of a product increases, the demand of substitute products increases.
Answer:- The correct Answer:- The equilibrium quantity will rise
Answer:- The correct Answer is:- The decrease in the quantity of product supplied
Reason:- When the price falls, the supply of the product will also fall
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