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
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A: sorry for inconvenience however i can only answer 1 question (upto 3 subparts) in one session.
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A: There are different types of economies practiced across different countries.
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- What does a normative statement describe? A. how the world will be in the future B. how the world ought to be C. how the world is D. how the world was in the pastThe economic environment refers to: Select one: a. an analysis of how new environmental regulations will affect our economy b. the economic outlook of the world provided by the World Bank c. an analysis of how the environmental movement and world economy interact d. the nature and direction of the economy in which a firm competes or may competeWhat goods and services—and how much of each—will be produced?
- 1. Which of the following is not a normative statement?a. The military budget should increase at the same rate as GDP.b. The government should play a limited economic role, ensuring that private contracts are enforced.c. Integrated schooling has increased the level of literacy among minority groups.d. A tax on imported oil should be used to reduce the government deficit.If we could produce all the food we need in our own backyards, and if technology were so advanced that we could all make anything we wanted in our basements, would an "economic problem" exist? a. Yes because growth of population b. Yes because people developed new wants c.. Yes because of unpredictable natures tragedy, d.. No technology will solve the problem. Choose your best choice and explain it.What do we mean when we say individuals are both products and producers of society.
- Why we study economicspower company decides to use wind turbines to produce energy instead of oil. Which basic economic question does this decision answer in a free market economy? A. C E What goods or services will be produced? Who will consume the goods or services? What economic system should be adopted? B D Who gets to decide? How will goods or services be produced? mit nevoWhich of the following are capital goods? Explain why. A. A school teacher because she helps her students increase their productive resources B. A pack of bubble gum because it can be purchased now and consumed in a future period OC. An interstate highway and a stealth bomber because governments buy and use them in the current period OD. A strawberry field because it is used to produce strawberries E. An interstate highway and a stealth bomber because governments buy these to increase productive resources to use during future periods to produce other goods and services Which of the following are capital goods? OA. A movie because it can be viewed now and in the future OB. A movie because all factors of production that are not labor are capital goods OC. An airplane, a garbage truck, and an ATM because businesses use these to produce other goods and services in the future D. An airplane, a garbage truck, and an ATM because all factors of production that are not labor are capital goods…
- 1. What metrics can help analyze the economic environment of a country?What are the pillars of economicsplease help me out please Economic Systems Essay Compare and contrast the ways in which traditional, market, and command economies answer the three major economic questions. Your essay should be structured around the three economic questions, and explain how each system answers those questions. Structure: 1. Introduction. 2. What to produce? 3. How to produce? 4. For whom to produce? 5. Conclusion. In each paragraph talk about how the economic systems answer the questions. You can create exmples to make your point.
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