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: Condition that arises because society does not have enough resources to produce all the things…
A: There are mainly three economic problems dealt by each nation. These problems are stated below: a)…
Q: Give three examples of important trade-offs that youface in your life
A: Trade off refers to the situation where one should give up some amount of goods or service on order…
Q: Discuss how the concepts in microeconomics can be applied to real-world situations and increase your…
A: Microeconomics is the study of economics at a level where the individuals or the organizations make…
Q: How did capitalism change lives for the better? How did it impact lives negatively? In what ways has…
A: Capitalism: It is defined as the economic system in which factors of production, trade, and industry…
Q: True or False: Households sell finished products to businesses.
A: Circular Flow Model describes how an economy works. It analyses the manner in which an economy flows…
Q: what are the examples of every college student in their decision (could range from small matters to…
A: College students consist of those populations whose main objective is to learn and improve skills…
Q: How do major issues that emerged in the 1980's- for example AIDS, The War On Drugs, and mass…
A: Answer in Step 2
Q: Use economics to explain why people smoke even though they know smoking is not good to their health?
A: Utility is a term referring to the overall satisfaction obtained from consuming a good or service.
Q: are needs that we learn during our lifetime. Multiple Choice Ethics Ideals Desires Wants Values
A: Individuals tend to have certain needs and want in order to live a life they tend to desire or wish…
Q: how do you deal with opportunity cost
A: Opportunity cost is the cost or value of the next best alternative which an individual foregoes to…
Q: You have been going to school and working 10 hours a week. The school offers you a scholarship worth…
A: 1)Opportunity cost in time-10 hours In money 10*10=100 per week. 2)I would choose quarter because…
Q: What does the law of increasing opportunity cost state?
A: Law of Increasing opportunity cost staes that when the production of a particular product is…
Q: On what are the Economic decisions based?
A: Economic decisions are the decisions made by the economic agents to pursue a goal and achieve a…
Q: 1.Give an example of some actionthat has both a monetary and non monetary opportunity? 2.describe…
A: Trade-off is a situation in which quantity of some goods are given up in order to gain quantities of…
Q: Why a cashless society are opportunities over risks? How does it improve people's daily life?
A: A cashless society is an economic situation in which financial transactions are carried out without…
Q: What impact does entrepreneurship have on your natural environment? What impact does it have on…
A:
Q: Your former neighbor gave you his lawnmowerwhen he moved. You are thinking of using this giftto mow…
A: Opportunity costs represent the foregone value of the highest valued alternatives of goods and…
Q: How do you evaluate your opportunity cost in terms of the alternative decisions that you have to…
A: Oportunity cost is the following best elective which we have renounced because of purpose of present…
Q: What type of economy is best?
A: There are mainly four types of economic systems: Traditional economic system, command economic…
Q: . What is the benefit of something measured by what you are willing to give up?
A: Measuring the things which are going to be given up will help to compare the decisions, the cost and…
Q: examples of personal decisions (could range from small matters to big life-changing decisions) in…
A: A way the world tends to look, analyze and work by comparison of the costs of an action with the…
Q: Write a positive statement and a normative statement about your favorite hobby.
A: Positive statements are those statements in which we can answer with 'yes' or 'no' replies, whereas,…
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: Must some members of society receive greater rewards than others?
A: Labor productivity: - Labor productivity is the capacity or ability of labor to produce goods and…
Q: In a culture where we are bombarded with other people trying to define us, how do we make decisions…
A: Culture defines an indiividual upbringing and also in the world of billions, people stand out in a…
Q: If your tuition is $5,000 this semester, your books cost $600, you can only work 20 rather than 40…
A: Opportunity cost refers to the best given up values among the alternate in the process of gaining…
Q: 4. What are two problems and two opportunities that may need to be researched?
A: Research Research can be defined in the categories of quantitative research and qualitative…
Q: Explain "Open for all or including all people in any kind of opportunity."
A: Opportunity and uniformity are essential qualities that we draw upon when imagining a superior…
Q: Does activism or social movements create a positive result? why or why not?
A: Social activism is effective even when it is done online, this is even more effective than offline…
Q: Although fiction isn't claiming to be True,it reveals truths about our world or the way (some)…
A: Fiction means that is related to somehow thought that may or may not be related to reality.
Q: You have been going to school and working 10 hours a week. The school offers you a scholarship worth…
A: A) In one quarter time is = 12 week (assumed 4 weeks per month and 3 months in one quarter)…
Q: I only need answers on the highlighted ones please :)
A: c. Per unit profit is calculated as P/N. Refer to the graph to obtain the values of P and N.
Q: Opportunity Cost
A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: Identify a recent purchase that you made, recently, and determine how scarcity influenced your…
A: Scarcity refers to the finite existence of a resource, or commodity. Humans need a number of goods…
Q: What is your opportunity cost for taking the time to study for a test?
A: opportunity cost is the cost of the next best alternative foregone. It is calculated by comparing…
Q: Does innovation start with creativity? Do you agree? Why or Why not?
A: The given statement is correct. Creativity is the ability or act of making something original and…
Q: Incentives and opportunity costs. Why do we do the things we do, and how do opportunity costs show…
A: The concept of scarcity is used to explain the existence of opportunity cost in economics. In the…
Q: Incentives matter. Which of the below situations that find DOES NOT indicate a strong positive…
A: Incentives can be defined as anything that motivates a person to do something.
Q: Have new technologies helped you in any significant way, and if so, how? On balance, do you see new…
A: Both my academic and professional lives have benefited greatly from new technologies. My viewpoint…
Q: c. to raise the standard of living for everyone in the country d. to allow consumers and producers…
A: Most countries began to abandon the concept of a free-market economy after the Great Depression.…
Q: How does the scarcity of resources effect the decisions people make in their everyday lives?
A: Scarcity is the basic foundation for economic decision making process. It would simply means that…
Q: Why a cashless society are risks over opportunities? How does it destroy people's daily life?
A: Cashless society refers to the economy where people generally make transactions digitally through…
Q: What is the opportunity cost of going to college?
A: Opportunity cost is the next best alternative foregone. Opportunity cost=sacrifice/gain.
Q: State two ways that you can educate people in your community about sustainable development. *
A: Sustainable development is the development that ensures the proper availability of resources without…
Give two examples of opportunity one can face today
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