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Tema [17]
3 years ago
5

Why is learning about economics an important part of making responsible choices

History
2 answers:
Dmitrij [34]3 years ago
6 0

We are all consumers and some of us are entrepreneurs as well. Thus we must all make economic choices. Economic theory helps us understand the workings of the economy as a whole and helps us explain the assumptions that underlie economic choices. For example, consumers must make rational choices that improve their economic and social well-being. Entrepreneurs should choose inputs and the most efficient production model possible. Consumers and producers interact in the goods and services market, each seeking to improve their situation and meet their needs. Thus Economic theory gives us the insights necessary for this interaction to be beneficial to both sides.

dybincka [34]3 years ago
3 0

Economics is important in the making of choices because it equips one with basic economic concepts for analyzing situations in order to make rational choices. Economics gives one tools to understand economic and financial issues such as the concepts supply, demand and utility in order to make optimal choices

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Identify one way African civilizations were different to the Islamic civilizations
igomit [66]

Answer:

African Civilizations utilized Griots to tell history, while Islamic civilizations used written languadges.

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3 years ago
Why did senators oppose the idea of Julius Caesar becoming the leader after Crassus died?
Ahat [919]

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i dont know what the answer is but its not b

Explanation:

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8 0
3 years ago
Read 2 more answers
If an important resource, such as oil, becomes unavailable, the production possibilities curve
snow_tiger [21]

If an important resource, such as oil, becomes unavailable, the production possibilities curve a. shift inwards.

"The production possibility frontier (PPF) is a curve on a graph that depicts the possible amount that can be produced or made of two products, if both are based upon the same limited resource for their  creation. The Production Possibility Frontier is also termed as the production possibility curve. If it shifts inwards, it means the economy is shrinking due to a collapse in issuing resources and production capacity."

"The production possibility curve (PPC )is necessary because it helps in indicating the maximum possible production of items , in fixed resources. In macroeconomics,  economists study and support a country or other organization's economic activity with its help."

To learn more about Production Possibility Curve,

brainly.com/question/28483084

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7 0
1 year ago
Why is it a misnomer (a wrong or inaccurate name or designation) to call Jefferson a "man of the people?"
neonofarm [45]

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i think the best  answer would be B

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an educated guess, since jefferson wasnt really a good president. A seems irrelevant and C does too.

3 0
3 years ago
ASAP!!!!!! You are writing a two paragraph editorial supporting the ratification (approval)
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Explanation:

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Compromises were important in settling other disputes at the Convention. The Three-Fifths Compromise designated that three-fifths of slave population would be counted toward representation in Congress. In another compromise, the Congress agreed to ban slave trade after 1808. Similarly, issues relating to the empowerment and election of the President were resolved. This led to the Electoral College system in choosing the Chief Executive of the nation.

4 0
4 years ago
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