People in the 21st century and those who lived in the 20th century may be compared through their use of technology.

Q: What would be another example of a “system” in the real world that could serve as a metaphor for…

A: Economics is a social science subject. Understanding the subject gives a  brief idea regarding how…

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: How has technology flattened the world in terms of providing economic opportunity?

A: Technology has flattened the world.It has increased economic opportunities around the…

Q: Which intellectual had a profound impact on the works of Thorstein Veblen? a. John Locke b. John…

A: Thorstein Veblen is a socialist and economist who emerged the concept of conspicuous consumption and…

Q: parent the role of technology

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

Q: Adam Smith believed that since businesspeople are motivated to improve their own prosperity, their…

A: Adam Smith believed in broader perspective of the society.  He said that economies produce and…

Q: Scarcity means that

A: Human wants are unlimited, and the resources to satisfy these needs are limited. This limitation in…

Q: How business schools can improve the quality of education to produce and nourish good business…

A: Business schools are the major sources of making leaders for the future for the corporate world,…

Q: Discuss economics as a social science

A: Economics is the study of behavior of consumers, producers, households and business.

Q: Normative economics is:    a. An investigation or statement about the norms and culture of other…

A: The study about the scarce allocation of resources among the people of the society is referred to as…

Q: Building massively dispersed data environments entails what kind of trade-offs?

A: A tradeoff is a scenario in which selecting one decision entails giving up something else, either a…

Q: What is the impact of the information revolution to your personal life?

A: Information revolution led us to the age of the internet where optical networks of communication…

Q: How can studying economics help you as a student?

A: Studying economics can help students by exposing them to theoretical approaches within the field of…

Q: People invest because they want to make money. True or false

A: Investment in anything has some purpose and expectation of positive return in terms of income or…

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: Relationship between economic geography and economics

A: The economics is mainly divided in the two parts which are microeconomics and macroeconomics. The…

Q: An economic model is a complex version of reality used to analyse real world economic situation…

A: According to the given question The economic model is basically an mathematical framework or a…

Q: Education can play an important role in shaping individuals’ norms and values. In what way can the…

A: "Education is the process by which society provides a learner with knowledge, values and other…

Q: what is the meaning of good life?Do people really need technology in their lives? Is it really a…

A: Technology: It refers to the innovation done in an economy at various intervals of time. The more…

Q: educational institutions help further in the preservation of our history and culture?

A: Culture: The qualities and knowledge of a particular group of people comprising language, religion,…

Q: What is the role of science and technology in our society?

A: The essence of how science and technology contributes to society is that the creation of recent…

Q: How the study of history of economics help people in their daily life

A: Economics is related to many aspects of the world. Various countries in the world are carrying out…

Q: Once people could only trade what they could produce with their hands or find in nature for things…

A: The three fundamental problems of any individual or economy is wants are unlimited, resources to…

Q: Reading Comprehension Producers and consumers Once people could only trade what they could produce…

A: The measures that are required to reduce the negative impact of free trade include setting minimum…

Q: As you read about global economics, complete the chart by filling in the cause or effect

A: Simply said, globalization is the linking of various regions of the globe.Globalization is described…

Q: Once people could only trade what they could produce with their hands or find in nature for things…

A: Consumers make consumption decisions and buy goods and services. Producers decide how much to…

Q: Reading Comprehension Producers and consumers Once people could only trade what they could produce…

A: Giving subsidies to smaller, local suppliers is one of the regulations that may help to reduce the…

Q: Share your views on the idea that economists make assumptions in order to make the world easier to…

A: Economist use assumption to make complex things into simple. Economics is a social science and…

Q: who is Thomas Malthus ?

A: Thomas Malthus was an (English) economist and demographer who was known for his theory on the…

Q: The study of economics is very important because it

A: According to the OECD (Organisation for Economic Co-operation and Development), unemployment is…

Q: Why is microfinancing an unsuitable concept, according to some critics?

A: Microfinance was first launched in the 1970s as a means of assisting individuals in lifting…

Q: What is the best economic system?

A: Capitalism is an economic system in which the production and distribution are privately owned, the…

Q: Discuss how empathising and ideation can help with managing change in Business Ethics and Social…

A: Empathy can be improved with practice and instruction. Empathy with coworkers can reduce stress,…

Q: A normative statement reflects opinions or beliefs, while a positive statement... Cannot be tested…

A: Economics is a branch of social science that deals with the production, distribution, and…

Q: Illiteracy is the main cause of low quality of life

A: Illiteracy: As we know that literacy is also an indicator of economic development. More literate…

Q: Can parallels be drawn between biological evolution and the evolution of economic systems?

A: An economic system is a way for government or societies to coordinate and distribute capital,…

Q: Compare and contrast the four types of economic systems. Write 3-5 sentences

A: Economic system: It refers to the means by which a society or government organizes and distributes…

Q: If Adam Smith were alive today and looking at our economy what conclusions would be the…

A: I think mày be Smith would be interested in our technological chànge because of how big it is…

Q: What is PPP

A: PPP is a popular metric used in the field of macro economics.

Q: How are the natural and technological environments linked?

A: Natural environment includes all the living and non-living things that are occurring naturally.…

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…

Q: Compare different types of economic systems

A: An economic system is a way for governments or societies to coordinate and distribute capital,…

Q: Benefits of Planned Economy The distribution of wealth is more equal because goods and services can…

A: Planned economy: It refers to the economy in which the government tasks the decision and the factors…