Although it can sound complicated, nearly everything we do is related to the economy in some way. When we drive on roads, we are driving on roads paid for by our tax money. When we buy goods and services, we help give people jobs as well as pay taxes through sales tax. If enough people decide not to buy something because the price is too high, we can help bring down the price through the power of the free market. In what ways do you regularly interact with the economy? In what ways have you interacted with the economy today?
Although it can sound complicated, nearly everything we do is related to the economy in some way. When we drive on roads, we are driving on roads paid for by our tax money. When we buy goods and services, we help give people jobs as well as pay taxes through sales tax. If enough people decide not to buy something because the price is too high, we can help bring down the price through the power of the free market. In what ways do you regularly interact with the economy? In what ways have you interacted with the economy today?
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter1: Introducing The Economic Way Of Thinking
Section: Chapter Questions
Problem 4SQP
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Although it can sound complicated, nearly everything we do is related to the economy in some way. When we drive on roads, we are driving on roads paid for by our tax money. When we buy goods and services, we help give people jobs as well as pay taxes through sales tax. If enough people decide not to buy something because the price is too high, we can help bring down the price through the power of the free market. In what ways do you regularly interact with the economy? In what ways have you interacted with the economy today?
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