Q: what is economic activity?
A: Economic Activity is not related to something specific, it includes the process of production,…
Q: What is economy type does the United States have?
A: The U.S. is highly developed country and has a mixed economy. The U.S. economic system features…
Q: Name the four segments of the economy
A: The economy is the one where there are mainly three sectors in the economy. The main sectors of the…
Q: How is it that the problem of who to produce for is resolved in the capitalist system?
A: A capitalist system is an economic system that is run by the free enterprises of the market. In this…
Q: Why do business people study economics?
A: Demand for a good refers to the quantity of that good with the consumers are willing and able to…
Q: Amagine you are the manager of a car dealership and you are trying to create an economic model to…
A: An economic model creates a similar situation for a firm in accordance to real life through which…
Q: What are the 3 basic economic questions?
A: The three basic questions in economics is are based on the choices that societies should answer in…
Q: The branch of economics that looks at the operation of a nation's economy as a whole
A: Economics is a broad subject. Microeconomics and macroeconomics are the two important branches of…
Q: How might the quality of life ultimately be determined and measured?
A: Standard of living is the level of comfort, necessities, material goods, and wealth available to the…
Q: Which of the following types of economy describes the economy of the SULTANATE OF OMAN? A ) Amarket…
A: Market Economy: In this economy, the production and prices are determined by the private ownership…
Q: What is meant by economics
A: Economics is the study of all the factors related to production, distribution, and consumption of…
Q: What are the three economic questions that every society must answer? Briefly explain the way in…
A: Answer: In order to fulfil the needs of every individual a society must answer the three following…
Q: what did adam proposed that government should do to help the economy
A: Government is a very important economic unit. It controls an economy and provides various resources…
Q: How can economic changes affect society?
A: Economic changes can affect the society in various ways: 1. The cost of living has the significant…
Q: Discuss A Self-Sufficient Economy
A: Economics is a social science which studies the efficient allocation of the scarce resources in the…
Q: what is Law of economy
A: The construction of a general truth based on specific observations or tests that traces out a causal…
Q: According to Adam Smith who should manage the economy for the nation? Why?
A: An economy refers to the management of the country's money, trade activities, industrial…
Q: Who is more responsible for economic system? Government, households or firms and why
A: Economic system is the means by which households, firms or governments organize and distribute…
Q: What goods and services—and how much of each—will be produced?
A: In a nutshell, an economy must distribute its resources and pick between several possible bundles of…
Q: Which economic system works best for societies?
A: An economic system is a system that determines the production and distribution of goods and…
Q: mic
A: The science which studies how people tend to interact with each other along with the prospects of…
Q: How market mechanism solves the basic economic problems?
A: The market economy will help to solve the economic problems.
Q: nich of the following types of economy describes the economy of the UK? a) A command economy. Ob) A…
A: The economy of the United states is considered as the mainly high developed free market economy and…
Q: who is Thomas Malthus ?
A: Thomas Malthus was an (English) economist and demographer who was known for his theory on the…
Q: Which economic system do you think is better in answering the following basic economic questions: a.…
A: An economic system is a method by which social orders or governments distribute and organize…
Q: What is global economy? What are its 4 characteristics?
A: The world economy, also known as the global economy, refers to the global economic system, which…
Q: What is the difference between an economy based on individualism and an economy based on…
A: OVERVIEW OF ECONOMIC INDIVIDUALISMEconomic individualism is based on the belief that the government…
Q: What drives a free market economy?
A: In a free-market economy, market forces will run the economy, demand and supply are the market…
Q: What is the best economic system?
A: Capitalism is an economic system in which the production and distribution are privately owned, the…
Q: What is keenness to save in economics?
A: There are two points that can be taken into consideration first is consumption and another one is…
Q: economy not achieve multiple economic goals simultaneously?
A: Basic features of an economy are - 1) resources our scarce or limited 2) while wants are unlimited…
Q: How do the three main economics group interact with each other.
A: Consumption, production, and trade are carried out in an economy by three fundamental economic…
Q: Which of the following is not an “acronym” economy?
A: An acronym is a word shaped by contracting an expression by joining specific letters of words in the…
Q: How does innovation disrupt the flow of an economy to any given organization? Discuss
A: When talking about the term 'disrupt' it can be said that it is the hurdle or disturbance in a…
Q: Why is “how to produce” a problem in every economy?
A: The central problems all the economies around the world face are "What to produce, how to produce,…
Q: What are the 5 economic systems?
A: ‘Economic system’ is a means or tools by which society or government controls, distributes the…
Q: discuss the different types of economies and how each one of them operates. discuss advantages and…
A: There are different types of economies practiced across different countries.
Q: Define the basic terms in economics based on the pictures.
A: The photographs in the question is related to basic economic terms, which are as under.
Q: What do we mean when we say individuals are both products and producers of society.
A: A producer is defined as an individual who creates and supplies the goods and services in the…
Q: (describe) 3 ways in build an economy based on the principles of sustainability,
A: Sustainable development does not just imply the humanity must meet its current requirements without…
Q: Define Economic Equivalence?
A: Engineering economics is an academic subset of economics that involves the utilization of economic…
Q: How many sectors of economy are there?
A: Economy: It is the system of organizing money, industry, and trade of a country or region.
Q: Could you say that the consumers are a significant aspect of an economy? If so, why?
A: Consumers are those who pays for the consumption of services and goods that are produced within an…
Q: What are the 3 basic economic problems? Briefly
A: An economic problem is one that arises as a consequence of a scarcity of resources and requires…
Q: study economics
A: Economics is the branch of social science which deals with the human behavior and measures economic…
Q: List 5 important of economics
A: Answer: The study of economics enables us to reach the conclusion of a problem on the basis of data…
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- Can you think of ways that globalization has helped you economically? Can you think of ways that it has not?How do economists define equilibrium in financial markets?Macroeconomics is an aggregate of what happens at the Microeconomics level. Would it be possible for what happens at the macro level to differ from how economic agents would react to some stimulus at the micro level? Hint: Think about the behavior of crowds.
- Please answer correct explain please asap please Don't answer by pen paper. What are the main characteristics of each of the three economic ideologies we've analyzed in our class - mercantilism, liberalism and nationalism? What's common and what's different between these three templates? What historical processes provided the background to the rise of mercantilism, liberalism (Adam Smith) and nationalism (Friedrich List)? Please outline each of these templates and identify important differences between them.A visiting American executive finds that a foreign subsidiary inBangladesh has hired a 12-year-old girl to work on a factoryfloor, in violation of the company's prohibition on child labour.He tells the local manager to replace the child and tell her to goback to school. The local manager tells the American executivethat the child is an orphan with no other means of support, andshe will probably become a street child if she is denied work. explain Cultural Relativist based on the statement givenhttps://www.youtube.com/watch?v=6EDCnhbUpgE Modern logistics! It would be hard to imagine our daily digital lives without them. As consumers, we can shop online every day and any hour of the day. We expect everything to arrive on time – whether clothing, printer spare parts or a set of screws. Online shopping is booming: in 2018, courier, express and parcel services, the so-called CEP sector, delivered around 3.5 billion shipments in Germany alone. And this is an upward trend. But how does all this work so smoothly, safely and on time? After all, we live in turbulent times: digitalization, climate crisis, growing world population and political and economic instability. How does the logistics industry rise to such challenges? For answers to these questions we need to dive deep into the world of modern logistics. Our film takes us into huge, fully connected warehouses, watching as fleets of cargo planes are prepared for take-off at night and accompanying couriers on delivery bikes on…
- On a microeconomic demand curve, a decrease in price causes an increase in quantity demanded because the product in question is now relatively less expensive thansubstituteproducts.Explainwhyaggregatedemand does not increase for the same reason in response to a decrease in the aggregate price level. In other words, whatcausestotalspendingtoincreaseifitisnotbecause goods are now cheaper?Question 1Define the difference between following terms :i) Microeconomics versus Macroeconomicsii) Normative statements versus positive statementsiii) Change in Supply versus change in quantity suppliediv) Law of Demand versus law of supplyv) Determinants of Demand versus determinants of Supplyvi) Opportunity cost versus Marginal costvii) Price Elasticity of Demand versus Cross-Price Elasticity of Demand.viii) Perfect competition versus competitive marketsix) Invisible hand theory versus price controlsx) ‘Free lunch’ versus ‘there’s no such thing as free lunch’xi) ‘How people make decisions’ versus ‘How people interact’ Note: kindly answer the all above terms with example if you want upvote for your answer thanksWhat do you think is the impact of ChatGPT on the economy and job prospects, and how could it potentially change the job market? How do economists view the use of generative AI models such as ChatGPT in terms of increasing shared prosperity and reducing income inequality?
- what specific educational reforms should be made to ensure that thepoor and middle-income students would have a greater chance to be admitted in thestate universities and colleges in the country?Subject: Manegerial economic & policy (need different ans)Los puntos _________ de la Frontera de Posibilidades de Producción son posibles pero ineficientes. Los puntos _________ la Frontera de Posibilidades de Producción son posibles y eficientes. Los puntos _________ de la Frontera de Posibilidades de Producción no son posibles dada la tecnología y los recursos disponibles. Grupo de opciones de respuesta a) fuera; sobre; dentro b) dentro; sobre; fuera c) dentro; fuera; sobre d) sobre; dentro; fuera
