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- Question 9: Doctrow uses the following terms to describe; People who make creative works A Audiences B Intermediaries C Creators D InvestorsCountries with high per capita incomes are sometimes called affluent economies. Do these affluent economies face the problem of scarcity?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…
- 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…What are the key takeaways from Shumpeters’s economic change on the creative destruction concept?DiscussAccording to our textbook, “Business firms are often the best way to organize our limited resources for production. For many types of production, firms can produce more efficiently (at lower cost) than households.” Explain why business firms can produce more efficiently than households can.
- An economic system is a mechanism that is used to organise an economy and to determine how the three central economic questions will be answered in that economy.Q.4.1 Briefly describe any two economic systems.Q.4.2 Evaluate the economic system adopted in each of the following countries:China, North Korea, Haiti, South AfricaGive the point of view of Marx and Engels on economic development. Explain the pros and cons.jage.com/static/nb/ui/evo/index.html?deploym adidas adiFast Str... M Gmail ▸ YouTube nts 2 CENGAGE MINDTAP Problems & Applications (Ch 03) 1. Problems and Applications Q1 W S Astronomy Pages 200 Beth can read 40 pages of astronomy in an hour. She can also read 30 pages of sociology in an hour. She spends 4 hours per day studying. Use the blue line (circle symbol) to draw Beth's production possibilities frontier (PPF) for reading astronomy and sociology. 180 160 140 120 100 80 60 40 20 O 0 # 3 E 20 D 40 60 Beth's opportunity cost of reading 60 pages of sociology is $ Maps 4 80 100 120 140 160. 180 200 Sociology Pages R ShastaPortal - Por... S NFL Streams - Str... F 65⁰ T G 6 O Y PPF pages of astronomy. I'm H v lo 7 U We Watch Anime Onli... 8 J 1 K Populi Login O P
