How do design, creativity, and innovation connect in our current environment?

Q: What is artificial scarcity ?

A: Scarcity: It is defined as shortage of goods or resources. Scarcity is a naturally occurred…

Q: Somewhere in Kenya, a girl logs on for a personalized math lesson from California-based Khan…

A: Globalization or globalization is the active process of expansion of cross-border trade and…

Q: combinations and then draw a line to connect them. Explain where you operate on your PPF and why.…

A: The production possibility frontier (PPF) is a curve which in turn illustrates the variations in the…

Q: Discuss the concept of path dependence as it relates to the selection and implementation of…

A: Path dependence is the reliance of various economic outcomes on prior outcomes rather than solely on…

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: A point inside a production possibilities frontier?

A: Production Possibility Frontier: It refers to the graphical representation of various possible…

Q: microeconomics

A: Microeconomic policies are those which are concerned with the individuals or firms or industries…

Q: Why is Strategy so important for global business? Please explain.

A: An international market is any geographical region where a company conducts business that is outside…

Q: What are three important way by which "consumer cities" may differ from "production cities?"

A: Cities have historically been perceived as providing benefits in production and drawbacks in demand,…

Q: Eleanor and her little brother Josh are responsible for two chores on their family’s farm, gathering…

A: Egg (in dozens)Milk (in gallons)Eleanor105Josh22Here it id given that Eleanor can gather 10 dozen…

Q: Can you explain how economic systems shape and influence ideologies?

A: Economic system may be planned or unplanned.

Q: scarcity and competition

A: Scarcity and competition both are the terms which a producer face while producing commodities.…

Q: what is command economy? and give discussion on command economy advantages and disadvantages ?

A: A command economy is a mechanism in which the government, rather than the free market, decides what…

Q: Explain the concept of scarcity in general and further indicate how this is critical to the success…

A: Scarcity defined as a condition where the resources are limited but the wants associated with those…

Q: Three economic questions must be determined in all societies. What are they? What goods will be…

A: Three economic questions must be determined in all societies .what are they.

Q: _______ A system where individuals own and operate themajority of businesses

A: Economics is the study of efficient allocation of the scarce resources in the economy. Resources are…

Q: Define economics and describe the two types of economic systems: capitalism and command economy.

A: Humans have unlimited wants, but there are limited resources in the system or there is scarcity of…

Q: What must be done in order to produce a combination of 12,000 bagels and 400 shirts?

A: At point C, 12000 bagels can be produced but only 200 shirts can be produced.

Q: What determines whether or not a rsource is scarce? Why is the concept of scarcity important to the…

A: The scarcity of resources is determined when the demand for resources is more than the availability…

Q: What will happen if there is no scarcity? Explain.

A: Scarcity is the basic problem of economic and it refers to the gap between the scarce – resources…

Q: A fast-food company spends millions of dollars to develop and promote a new hamburger on its menu…

A: The sunk costs are the expenditure incurred by a firm or business that is non-recoverable or on…

Q: in your own words , summarize the relationship of science and technology, social , cultural,…

A: Answer: Science brings innovation through experiments research and the process of innovation and…

Q: What thing is considered as an integral part of the capitalistic economy? One word

A: According to the given question Actually the capitalistic economy is also known by the other name…

Q: what is artificial scarcity ?

A: Scarcity is defined as shortage of goods or resources. Scarcity is a naturally occurred shortage,…

Q: What is the impact of technology and innovation on scarcity?

A: Economics is the study of distribution, allocation and production of resources. It deals with the…

Q: How does competition arise out of scarcity? Give an example.

A: Scarcity refers to the limited availability of resources than the required level.

Q: what does the absence of scarcity in an economy reflect in a graph?

A: In the absence of scarcity, the production of one good does not reduce the availability of resources…

Q: Give an explanation of how the mechanism of action of the system!

A: A system can be understood as a collection of interconnected components that work together to…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: The PPF of Eric is displayed in sky blue 🔵 while that of Ginny is displayed in purple 🟣. Approach…

Q: Reflect on the concept of utopia (see Chapter 5) Using course materials and what you have learned in…

A: In a utopian society, the political system would prioritize equality, justice, and participation. It…

Q: What does a production possibilities graph show in economics?         how many items…

A: The objective of the question is to understand what a production possibilities graph (also known as…

Q: In what ways can cross-cultural communication aid in the ability to work in diverse, international…

A: Cross-cultural communication refers to the process of exchanging, negotiating, and mediating one's…