Revenues will retained earnings, and expenses will retained earnings.

Increases, decreases

Explanation:

As we know,  

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

Plus, the revenues would be increases the retained earnings balance while the expenses will decrease the retained earnings because these two items is come under the income statement.

The revenues are shown on the credit side whereas the expenses are shown on the debit side of the income statement.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer production department;