Q: ays aggreg the economy. Edit View Insert Format Tools Table BIUA L Tv: 12pt v Paragraph
A: When money is brought into a country's economy from somewhere other than households and…
Q: three types of business activities? Distinguish one from the other
A: Business activity can be considered as an economic activity and a profession at the same time.…
Q: What is difference between goods and services?
A: Both goods and services are very important for the economy. The consumers purchase many products to…
Q: Which activities are as important as the production of goods?
A: Production of goods refers to the creation of utility. This means combining raw material or input in…
Q: What examples do you have of goods and services that were once luxuries, which have become…
A: Luxury goods are those whose demand increases as people's income increases.
Q: II. Directions: Read each statement carefully. Write TRUEif the statement is correct, otherwise…
A: 1. The average Filipino e-commerce shopper spent USD 18 on online consumer goods purchases in 2018.…
Q: Summarize the rise of consumer culture
A: Consumer culture refers to increasing consumption of commodities purchased as a person's well being…
Q: Answers are A and B, D and E, E and F, F and H, or H and I
A: The indifference curve depicts the combination of two goods that derives the same level of utility…
Q: Quantity of Food (Y) Y2 Ye C. Yc IC YA X XA Xc X Quantity of Clothes (X)
A: The consumer consumes bundles of two goods clothes and food with their income and price available in…
Q: definition of products, goods and services
A: TO understand the definition of these terms, we need to understand that goods and products are used…
Q: Name any two types of consumption goods with examples
A: Those goods which have the tendency to satisfy the wants of the consumer are said to be as Consumer…
Q: conditions for production and consumption efficiency.
A: Economic efficiency refers to a condition of affairs in which all resources are distributed properly…
Q: The end use of the goods categorizes the good as intermediate good and final good. True/False
A: There is no no specific method to find org category is a good to be as intermediate or a final good.…
Q: What is Supplies?
A: Supplier: A provider is an element that provisions products and enterprises to another association.…
Q: where
A: Resource implies to all the materials accessible in our environment which are technologically…
Q: Goods that can be used to replace one another are called What?
A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the…
Q: It is better to pay regular price than to stand in a long line for a free item?
A: Opportunity cost represents the benefit an individual misses out for not choosing the alternative.…
Q: What is produce.?
A: Let's think about the first issue: which goods should be produced, and in what quantities? Producing…
Q: What can be bought and sold are determined by Relationship between the buyer and the seller O…
A: In economics, people study about the buying and selling behavior of the people that they make at the…
Q: What is a human person?
A: Individual economics deals with the people in the economy and their efforts towards the development…
Q: Are households primarily buyers or seller in the goods and services in the market? In the labor…
A: The simple circular flow model is used to see the flow of income and output between the households…
Q: what to produce
A: Meaning of Economics: The term economics refers to the situation under which there remain…
Q: uy movement noni polIL. Figure 1.2 a) C to point D. b) D to point C. c) C to point A. d) E to point…
A: The production possibility frontier would result in the maximum production which would result in the…
Q: Are households primarily buyers or sellers in thegoods and services market? In the labor market?
A: The circular flow model depicts the flow of money in society. Money moves from producers to…
Q: What are good market?
A: Goods market: Goods market is a marketplace where producers and consumers interact with each other…
Q: Which are those economic goods which do not have any type of the physical characteristics they are…
A: According to the given question In simple words we can say that the economic goods are those goods…
Q: Types of consumer goods
A: Consumer good is a final good purchased by a consumer. Generally, there are 3 type of consumer…
Q: Explain the law of increasing opportunity cost in this graph
A: The opportunity cost is the value of the next best alternative that is foregone while making the…
Q: what is the most important concept in satisfying needs and wants
A: A need is anything which is a basic necessity and is required to live. On the other hand, wants are…
Q: What is market economy
A: The three major questions any country faces are: (i) What to produce- Resources are limited and…
Q: What is supplied
A: Demand is the quantity of an item or service that consumers buy at various prices during a specific…
Q: difference between goods and services?
A: Economics refer to the study of allocation of scarce resources in the most optimal way, when the…
Q: What is good and services
A: Economics is the study of individual behavior and concern with how they earn their living in the…
Q: What did the government encourage people to to increase the food supply and reduce the demand for…
A: To reduce the demand for commercially grown food,government initiated plant victory gardens to…
Q: What is beautiful?
A: Beautiful is a term related to the attractiveness of a place or person.
Q: 1. Linda sells 100 bottles of homemade ketchup and to do so she took time off from a job that
A: We have to calculate accounting profit and economic profit. Given that, Sales = 100×10 = $1000…
Q: The effect of the changes in income and prices?
A:
Q: Prepare 5 important points for the article
A: The above article analyses the impact of digitization on the labor market. It initially talks about…
Q: The various combination of goods that can be produced in any economy when it uses its available…
A: A. Demand curve - It is the curve which shows the relationship between quantity demanded and price…
Q: Households sell their in the market. They then use their income to buy in the market. O A. factors…
A: household is seller of factor services in market like labor , land etc so here we can choose the…
Q: What examples do you have of goods or services that are both consumer goods and resources depending…
A: A good can be consumer goods or intermediate goods ( ie the goods which are used as inputs for other…
Q: Which is an example of complementary goods? A. laptops and shampoo B. margarine and butter C.…
A: Complementary goods are those goods that have inverse relation that is when price of one good…
Q: What is Art Appreciation
A: The term Art signifies a large variety of works, from paintings to sculptures, architecture to…
Q: Fill the table with examples of the different parts of speech and used each word in a sentence.…
A: PART OF SPEECH EXAPLES SENTENCE NOUN The Sun As the rain has ceased falling, the sun is shining…
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