One should evaluate their cultural values by: A. Leaving their hometown to broaden their horizons and understanding of the world. B. Look at them through a microscope. C. Think really hard- like sit and concentrate for hours at a time.
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- a. Discuss three examples of important trade-offs that you face in your life. b. Discuss the items you would include to figure out the opportunity cost of a vacation to Northern Pakistan?Positive or Normative Question? 1.Should the government restrict imports? 2.If the government increases the minimum wage, how many workers will lose their job? 3. How did Hurricane Irma affect housing prices in Miami? 4.Should the government cut taxes to simulate the economy?In your own words explain how the world's economy work.
- (A) if the average North Korean farmer produces 1,800 of food per year, what is the opportunity cost, in pounds of food, of North Korea's army? (B) if a person needs at least 500 pounds of food per year to survive, how many people could have been fed with the forgone food output?Please solve and show how you got the solution for by better understandingWhat items would you include to figure out the opportunity cost of a vacation to Goa?
- In what way is appoed economics important in tackling economic issues or problems of the country?How does the capitalism economy give to the communities? How does the capitalism economy take away from communities?economic system where the market mechanism solves the central economic problems Oa. Market economy O b. Mixed economy C. Command economy Od. Socialist economy
- ONLY G and E Please! I put the other page on there with A-D only for reference to the economic situation.A) Calculate the opportunity cost of :- Increasing production of food from 20 to 30 million units.- Increasing production of clothing from 22 to 60 million units B) The country wants to produce 85 million units of food and 40 million units of clothing. Is this possible? What point is this called? C) State TWO (2) ways how they can achieve this point (B) in the future. D) If the country decides to produce 5 million units of food and 50 million units of clothing, what is this point called?describe.2.countries or societies with 2 different types of economics and compare how the type of economy affects the answers to the question of what,how and for whom to produce in each country