II. There are two characters involved in Popular Culture in the context of consumerism. These are the capitalists and the consumers. Describe each of them briefly. One sentence each. 1.CAPITALISTS: 2.CONSUMERS
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- Choose the Letter of the Correct Answer 1. It refers to a basic economic question that asks what needs and wants to be produced?. A. How much to produce? B. What to produce? C. How to produce? D. For whom to produce? 2. It refers to the skills and talents to produce a product. A. How much to produce? B. What to produce? C. How to produce? D. For whom to produce? 3. It refers to the target market of a certain product. A. How much to produce? B. What to produce? C. How to produce? D. For whom to produce? 4. A basic economic question that relates about quality and quantity of the product. A. How much to produce? B. What to produce? C. How to produce? D. For whom to produce? 5. It is a kind of economic system that is paternal, kinship in nature. A. Traditional economic system B. Market economic system C. Command economic system D. Mixed economic system35) A decrease in TFP caused by severe storms, fires, or the pandemic would lead to a(n) ________ in the golden-rule level of per capita savings and a(n) ____ in the golden-rule level of per capita consumption. (choose one) increase; increase increase; decrease decrease; increase decrease; decreasea. What are reasons why an increase in income may lead to a desire for more children? b. What are reasons why an increase in income may lead to a desire for fewer children? c. Empirically, what relationship do we observe between income and number of children?
- 1. What are the 3 components for Economics Efficiency ? 2. Economic Systems rarely exist in a pure form. Kindly enumerate the 6 classification of systems based on the dominant characteristics of Economic system? 3. What is the Capitalist Ideology? 4. What is supply and demand in simple terms and cite an example? 5. Price Elasticity of Demand is how economists measure the responsiveness of quantities demanded to changes in prices?According to statistics, people in their teens (15 years) will buy 12 CDs and 15 cheese pizza in a year. If cheese pizza is a secondary good, is this consumer indifferent between getting a $ 30 gift voucher at a local CDs store and $ 30 in cash? Explain. Thank you for taking a look at my question.Whether a certain criterion is determinant or not is independent of the situation in which a product is consumed. True False In the context of disposing of consumer refuse, recycling cuts down on garbage while providing raw materials for other new products. True False Which of the following is a fundamental emotion evoked by positive, anticipatory appraisals that signal uncertainty about a positive outcome? a. Hope b. Confusion c. Surprise d. Pride Which of the following best describes chronic, repetitive purchasing behaviors that are in response to negative events or feelings? a. Addictive consumption b. Impulsive purchasing c. Window shopping d. Compulsive buying Retaliatory revenge is when a consumer yells insults and makes a public scene in an effort to harm the business. True False
- explain how different factors that exist in the environment influence consumer behavior of individuals. discuss some examples that evaluate the accuracy of the statement above. Try to consider some of your own patterns in the light of different types of consumption practices.- As the opportunity cost of a good decreases, people buy Select one: a. more of that good and also more of its complements. b. less of that good but more of its complements. c. more of that good but less of its complements. d. less of that good and also less of its complements. - In broad terms what is the difference between microeconomics and macroeconomics? Select one: a. They use different sets of tools and ideas. b. Macroeconomics studies the effects of government regulation and taxes on the price of individual goods and services whereas microeconomics does not. c. Microeconomics studies the effects of government taxes on the national unemployment rate. d. Microeconomics studies decisions of individual people and firms and macroeconomics studies the entire national economy. - What will happen when there is a fall in price? Select one: a. Leads to a higher level of production b. Will cause an outward shift of supply c. Leads to a movement along a demand…Need asap... My husband is sick of me drinking Coke every day. He tells me that if I give up drinking it for 6 months, he'll buy me a new car. I want a new car, so I agree to the deal, and I don't drink any Coke during that time. At the end of the six months, I tell him it's time to go get my new car. He balks and says no, explaining that not drinking Coke has actually been beneficial for me, so there's no consideration for the deal. Is he right? Explain.
- # 4 can you explain what the correct answer is and why?4 Which of the following are ways to improve study habits? Select one: a. Familiarization b. Active reading c. Take notes d. All of the aboveGive typing answer with explanation and conclusion 19. The gang announces that it will pay $60,000 to those that complete the task, and $25,000 to those that don't. What is the net benefit of the initiation task to a Hustler? To a Wannabe? Does the initiation allow the gang to filter out Wannabes?
