Suppose there are 6 roads connecting town A to town B and 4 roads connecting town B to town C. In how many ways can a person travel from A to C via B?

Q: Discuss any three principles of economics and how can you apply them in real life?

A: Economics is the study of human behavior regarding the use of scarce or limited availability…

Q: 1. In some countries the government makes most of the decisions about what will be produced, how it…

A: Hello, thank you for the question. Since there are multiple questions posted under a single thread,…

Q: Provide an explanation an economist might give showing why each statement is true: - “People must…

A: The social science that examines the way in which people tend to choose among the available…

Q: How did social media disrupt freethought? (Use Philippine politics as an example)

A: It is simple to express free opinion on social media, however unfortunately, social media may also…

Q: In what way is appoed economics important in tackling economic issues or problems of the country?

A: Applied economics is the appliance of financial assumption to conclude the expected outcome allied…

Q: What are the key elements of the scientific method and how does this method relate to economic…

A: Scientific method is to observe whether the research which is going to be done how much it will…

Q: In 2 Paragraphs explain how wants/needs connect to scarcity, which connects to the factors of…

A: Scarcity refers to the essential economic problem, the gap between limited – that's, scarce –…

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: 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: What are the 3 economic questions?

A: Economics refers to the study of household management which combines social and capitalist benefit…

Q: Which of the following countries  do not experience scarcity?     A.) United States of America…

A: In economics, the word 'scarcity' refers to the limited availability of resources in an economy.

Q: library's collection of e-books is a ?

A: Public good id a good which is non excludable and non rivalry Non excludable means that a person…

Q: Ralph Waldo Emerson once wrote: “Want is a growing giant whom the coat of have was never large…

A: Economics is a branch of social science which studies the economic agents’ behaviour and their…

Q: economics explains economic phenomena according to their cause and effects Which economics explains…

A: Normative economies are used to explain real economic events from moral view point. It examines…

Q: Does an individual consumer really have a voice in answering the basic four economic questions…

A: The basic questions of economics are; what to produce?, how to produce? and for whom to produce?. An…

Q: It is said that we cannot solve economic problems by making economic solution alone. If is this so.…

A: Economics is the studying of economics as a science. It's a style of thinking about how economies…

Q: Which of the following questions does economics NOT investigate? a. How do individuals deal with…

A: Economics is the social science that study the individual and economic agent behavior in the…

Q: What are the 3 basic questions of economics?

A: The economics as a study is based upon the idea that the economies around the world tend to have a…

Q: Explain how can all people in a certain country (including higher leaders in such country) achieve a…

A: A low-carbon, resource-efficient, and socially inclusive economy is referred to as a "green…

Q: What are the economic problems and how we do resolve these problems? ( Explain 4 problems and their…

A: All societies face economic problems which is a problem of how to make the best use of scarce…

Q: A student has a monthly budget of $120 to spend on either burrito, which cost $6 each, or sodas,…

A: Please find the answer below.   OPPORTUNITY COST: Opportunity costs represent the potential benefits…

Q: What are three basic economic questions?

A: Economics is the subject that studies how to allocate the limited resource between the unlimited…

Q: What’s economics?

A: Microeconomics is the study of specific economic units. An area of economics called macroeconomics…

Q: ) Economics is best defined as A) how people make money and profits in the stock market. B) making…

A: Since you have posted multiple questions, we will solve the first one for you. If you want any…

Q: Tim Geithner, a former V. S. Treasury Secretary, has said, "The recession that began in late 2007…

A: Coming up next are the vitally economic interaction standards:-1) One consumer's expenditures are…

Q: From the ten principles of economics, explain how a person can understand a recent event in a more…

A: Introduction: An economy is a system of production, distribution, and commerce, as well as the…

Q: The person who smokes cigarettes cannot possibly be thinking in terms of costs and benefits .…

A: The person who smokes cigarettes keeps other things constant. Therefore person who smokes cigarettes…

Q: n social science, how would the discussion of variables and attributes apply to economics?

A: In social science, an attribute is a feature of an object which is closely associated with variables…

Q: 10 * scarcity can be eliminated throuah non of the mentioned because scarcity can not be eliminated…

A: Scarcity can be eliminated through None of the above because scarcity cannot be eliminated. Hence,…

Q: A thirsty student goes to a vending machine to buy a drink, but school bully prevents anyone from…

A: Despite our planet being made up of 70% water, many parts of the world do not have equitable access…

Q: Economics is concerned with A. All the given answers B. the effects of changes in opurtunity cost…

A: Economics has a relation with the study of scarcity, the use of resources by people, and response…

Q: Hello can any one help with this Economics question: A restaurant serves two special dishes, A and B…

A:

Q: The government intervenes in the private sector by imposing laws that ban smoking in all publicly…

A: Smoking ban in public places is justified by economics.

Q: Do Now: Define the following words: (online definitions are good just make sure it's related to…

A: Needs and wants are economic terminology that helps to understand the economic decisions of an…

Q: s the opportunity cost of attending the class the same for each of the 30 students? Why or why…

A: If there are 30 students in a class,the opportunity cost of each student attending the class is not…

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: Scarcity means we must O make choices. O work more. O consume less. earn more. O produce less.

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: Economics is the science that studies human behavior as a relationship between ends and scarce means…

A: Economics comes from the Greek word, eco means home and nomos means management. Basically, economics…

Q: You already have a ticket to a club tomorrow, which costs you $30 and give you the enjoyment of $35.…

A: Opportunity cost refers to the forgone benefit because of choosing one alternative over another. So,…

Q: What are examples of society's widely accepted economic goals?

A: Economic goals: - Economic goals are the desired conditions of the people of a country which improve…

Q: Joel can prepare 8 meals or wash 24 shirts in a day, Patricia can prepare 6 meals or wash 12 shirts…

A: The opportunity cost is the cost of next best alternative forgone while making choice. In other…

Q: How relevant is economics in our everyday lives?

A: Economics is very important and useful to study to make it applicable in our daily lives. There are…

Q: (a) Invention and innovation are examples of creativity that allows the production of greater…

A: In a market, invention and innovation are the move towards improvement in the current technology and…