which seems to be correct? 10. Strengths and weaknesses of the three basic types of economiesImagine you are a consultant who has been asked to summarize the strengths and weaknesses of Customaria, a nation with a pure traditionaleconomy.Which of the following would you include in your report as weaknesses of Customaria's economy? Check all that apply.People express more dissatisfaction with their lives than those in other economies.Wealth does not get redistributed to the needy.The participants in the economy are slow to adopt new beneficial technologies.O The economy has a low growth rate.

Economy refers to the system in which individuals earn their living to satisfy their needs through…

Answered: Imagine you are a consultant who has…

Imagine you are a consultant who has been asked to summarize the strengths and weaknesses of Customaria, a nation with a pure traditional economy.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter19: Economic Growth In Developing Nations

Section: Chapter Questions

Problem 20AA

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Graph the answer Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Reading Comprehension : Read the text and answer the questions below. Producers and consumers Once people could only trade what they could produce with their hands or find in nature for things that other people had made. Then money became a medium of exchange and economic systems were created. Today, developments in industry and technology have enabled vast quantities of goods to be manufactured, transported, and traded, and a range of services like insurance, banking and retail have also appeared. In the digital age, services such as online shopping have made selling goods even easier and trade is now more global than ever. Have these transformations made our lives better? The most obvious benefits of trade relate to consumer choice. There are so many goods and services to choose from that shopping has now become a leisure activity for many people. The internet has also allowed shoppers to compare prices and choose the best deal. However, there are winners and losers; not all…