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Is the most desirable alternative given up as a result of a decision?

the most desirable alternative given up in a decision


When demand exceeds the amount of resources what is the result called?

When demand exceeds the amount of resources, the result is called a shortage. This occurs when the quantity of a good or service available is insufficient to meet the desire for it, leading to unmet consumer needs. Shortages can lead to increased prices, competition for the limited resources, and potential market inefficiencies.


Would farm income stagnates result in a reduction of GDP?

YES


'National Income statistics are a powerful tool of economic understanding and analysis' Explain 'An economy's output is its income' Do you agree Explain?

national income measures the wealthy that exists in an economy.national income statistics wl determine national output under the fomular:output=income=expenditure!however the appropriateness of national income ar a measure of output is compromised by the weaknesses inherent in obtaining national income data!national income disregards underground economy or the black market which as a result economies that constitute a significant amount of such markets would have an understated national income figure thus its true measure of national out put wl nt be realised if these statistics are used!


If a good is normal, then an increase in income will result in what kind of change in demand for the good?

If a good is normal, an increase in income will lead to an increase in demand for the good.

Related Questions

The condition or amount that produces the best result?

That is called a favourable condition or appropriate amount?


When you split up an amount into equal parts result is called?

Division


Does your social security benefit increase based on your income level?

Yes, your Social Security benefit can increase based on your income level. Your benefit amount is calculated using a formula that takes into account your earnings over your lifetime, so higher income levels can result in a higher benefit amount.


What is the result of amounts multiplied by themselves called?

The result of an exponent is called a product, because it is just repeated multiplication. If an amount is multiplied by itself it is a squared exponent. If that amount is multiplied again by the same amount, it is cubed. If again, it is to the fourth power, and so on. A square square numbers


What is the result if the amount of net income for the year is less than the amount of the owner withdrawal?

It will reduce the owner's equity from business. For example Owner's equity at start $1000 net income current $100 Owner's Withdrawl $200 Owner's equity at end $900


Why did my second W2 result in a lower refund amount?

Your second W2 may have resulted in a lower refund amount because it could have increased your total income for the year, pushing you into a higher tax bracket or reducing the amount of tax credits you are eligible for.


What is the rationale for why plant assets are not reported at liquidation value?

Conservatism If a situation arises where there are two acceptable alternatives for reporting an item, conservatism directs the accountant to choose the alternative that will result in less net income and/or less asset amount. Conservatism helps the accountant to "break a tie." It does not direct accountants to be conservative. Accountants are expected to be unbiased and objective.


What is a synonym for the word effect?

An alternative synonym for the word "effect" is "outcome" or "result."


What are the alternative motational forms of any gene called?

Alternative forms of a gene are called alleles. Alleles are different versions of a gene that can result in variations in traits or characteristics. In diploid organisms, individuals inherit two alleles for each gene, one from each parent.


Positive operating income will result if gross profit exceeds?

Positive Operating income will result if gross profit exceeds operating expenses


How do you take a percent off of a dollar amount?

One way:-- Subtract the discount percent number from 100 .-- Multiply the result by the dollar amount.-- Divide the result by 100 .-- The result is the discounted amount.===============================Another way:-- Multiply the dollar amount by the discount percent number.-- Divide the result by 100 .-- Subtract the result from the original dollar amount.-- The result is the discounted amount.


What should I do if my deductions exceed my income on my 1099 form?

If your deductions exceed your income on your 1099 form, you should report the negative amount on your tax return. This may result in a tax loss that can be carried forward to offset future income. It's important to accurately report all income and deductions to avoid any potential issues with the IRS.