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Q: Scarcity limits the volume of goods that an economic system can produce but does not limit the…

A: One of the defining features of economics is scarcity, which deals with how people satisfy unlimited…

Q: different societies require different amounts of societal resources

A: Societal resources- The resources that are related to the society.

Q: Somewhere in Kenya, a girl logs on for a personalized math lesson from California-based Khan…

A: Globalization or globalization is the active process of expansion of cross-border trade and…

Q: Bioethics is a branch of:   a. biosphere studies   b. new ethics   c. applied ethics   d.…

A: Bioethics is the study of moral concerns that arise as a result of breakthroughs in biology,…

Q: parent the role of technology

A: Due to the changing world, technology has become the integral part of the the child education…

Q: Contrast how a market system and a command economy try to cope with economic scarcity.

A: In market system there is private holding of assets & coordinates the activity of economy…

Q: Which of the following statements best describes scarcity? a. Production is efficient, but…

A: Every country poor or rich, has a problem of scarcity. It does not afflict only countries.

Q: Commenting on Corporate Social Responsibility, Adam Smith argued that “It is not from the…

A: The above statement is given by the great Scottish economist philosopher Adam Smith. And I totally…

Q: Economics: a. involves preparing financial reports for external audiences. b. is a discipline…

A: Answer: Economics is the study of how scarce resources are used to satisfy unlimited wants. In other…

Q: Explain the advantages and disadvantages of two of the three basic types of economic systems.

A: Economic system helps in understanding the economy better and enable the economist to predict the…

Q: How does shielding employees and suppliers from business risk help to improve economic outcomes? Who…

A: The procedure of safeguarding workers from the risk assist/helps an investor to obtain the suppliers…

Q: Provision of higher education is costly. At the tertiary level, specialised knowledge is required to…

A: In economics, education is considered as one of the factors of labor productivity because education…

Q: Provide a definition of “technological capability” and “social capability”, and describe the…

A: In an economy, capabilities explains the ability of the society to deal with the specfiic issue to…

Q: Electric cars or fuel gas, which one is better to go with? How is this a 21st-century societal…

A: The OECD Forum for the Future Conference on 21st Century Technologies was no exemption; these points…

Q: People in the 21st century and those who lived in the 20th century may be compared through their use…

A: 20th century started from 1 st January 1901 and ends at 31st December 2000. While , 21st century…

Q: Compare and contrast the various types of economic systems

A: An Economic System is any process which includes mechanisms for the manufacture, delivery, and trade…

Q: Resource development is Multiple Choice the part of economics that looks at the operation of a…

A: Resource development refers to the development of resources in an economy. Resources should be used…

Q: TRUE or FALSE 1. For urbanization to be economically sound, there must be efficient urban scaling.…

A: 1. The statement that "For Urbanization to be economically sound, there must be efficient urban…

Q: Ceteris paribus is not realistic in explaining real world economic problems.

A: Ceteris Paribus is the most commonly used concept in economics. It is used while describing major…

Q: Economic Decision Making) Write a 100 to 150 - word response to one of the following questions :…

A: Privatization is the peculiarity of governments contracting exclusive, revenue driven organizations…

Q: Economist Friedrich Hayek argued that when knowledge is decentralized and disbursed among many…

A: Economist Friedrich Hayek in his 'The use of knowledge in society ' points out the requirement of…

Q: In the context of sustainable development, elaborate in your own words the models listed below.…

A: Meaning of Healthy Community Model: A healthy community or healthy community model is a place…

Q: The greatest incentive for conserving scarce resources and using them in the most productive ways…

A: Natural Resources are materials from the Earth that are consumed to help life and address…

Q: According to the invisible hand concept, the best way for a society to encourage the creation of…

A: As wants and desires of the individuals in the economy are unlimited but resources available to…

Q: Which of the following would be strategies to increse productivity     Invest in accumulating more…

A: Productivity refers to output produced per unit of worker.

Q: Discuss Konza city (Kenya) from an economic urban perspective.

A: Konza, the techno capital, will promote creativity and start-ups, the city is attracted by foreign…

Q: Define economics and describe the two types of economic systems: capitalism and command economy.

A: Economics refers to social science dealing with the generation, distribution, and the consumption of…

Q: Business owners can have many goals. Give ONE example of each of the following: a financial goal, a…

A: A business is a firm that controls the activity of the firm. It means the business does the…

Q: Every American company is international, at least to the extent that: a.  Federal law requires all…

A: A company is said to be international when it has business operations in several markets beyond the…

Q: Which of the following is not a constraint in achieving technological and economic efficiency? a.…

A: In a market, economic and technological efficiency is needed to improve the production process that…

Q: The term "creative destruction" means: Group of answer choices   We should not have moved into…

A: Economics as a subject deals with the effective allocation of a limited amount of resources on…

Q: Why is private property and competition are the most important to a capitalist economy? Support your…

A: Capitalist economy is the economy in which majority of resources are owned by the private party.  In…

Q: 10 There are still many challenges that have not been solved to reach efficient e-government. Select…

A: a) True        Electronic governance or e-governance is referred to the application of IT, which can…

Q: Describe an innovation in technology, business, orculture that had a major economic impact in…

A: Innovation refers to the advancement in a given field, which occurs because of the production, or…

Q: The hypothesis, (as stated in the title) of E.F. Schumacher’s seminal book Small is Beautiful…

A: First printed in 1973, E.F. Schumacher's essay on little is gorgeous was a holistic approach to the…

Q: iscuss any five key criteria for a city to be considered a “City of Opportunity”.

A: Cities of opportunities are locations in which the entire people can arrive at their maximum…

Q: luxury is a non-essential enjoyment. Food, housing, and water are essential for most humans. Many…

A: *Answer:

Q: Civil Society Organisations (CSO) differ from corporations. How would these organisations (CSO and…

A: Any non-profit, voluntary citizens' group organised on a local, national, or worldwide level is…

Q: COMMUNICATION WITH THE MILLENIALS The Millennial (including Generation Y) have arrived in the…

A: According to the provisions of the Companies Act of 2013, a company is a firm that is founded and…

Q: several sources of literature review for scientific research and explain the importance of each…

A: Several sources of literature are reviewed for scientific research and explain the importance of…

Q: Enumerate 6 classification of systems based on the dominant characteristics of Economic system with…

A: The means through which governments organize and distribute services, resources, and goods across a…

Q: Give at least one way in which communication can participate in local economic planning

A: Introduction In the evolving international viewpoint, it is no longer possible to reject the…

Q: Choose the one that is correct about capitalist economic system. a. Private ownership of factors of…

A: . The main features of capitalism are economic freedom, voluntary exchange, private property rights,…

Q: Enumerate economic resources in the country considered as scarce, and suggest measures to resolve…

A: Scarcity denotes a finite and limited supply of resources. Because of the scarcity of resources, we…