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olasank [31]
3 years ago
11

What type of economic system exists when individuals answer the three basic economic questions?

Social Studies
1 answer:
vampirchik [111]3 years ago
7 0
I believe the correct answer from the choices listed above is option B. It is market economy that exists when individuals answer the three basic economic questions. It <span> is an </span>economic<span> system in which </span>economic<span> decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's individual citizens and businesses.</span>
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What two (2) variables affect the amount of time you spend in the CDM process?
TEA [102]

Answer: The CDM process is Consumer Decision Making Process.

For CDM has five steps that people follow to make the decisions there are when a need is recognized, search process is done, a comparison between needs or products, a product or service selection, and an evaluation of decision.

There are some factors that can affect this process such as economic reasons, personal actors and social factors too.

8 0
3 years ago
What are non examples of region
Slav-nsk [51]

Answer:

The correct answer to this open question is the following,

A cultural region is a region that is defined by similar culture traits and cultural landscape features. These are belief systems that are shared by most people in the region. It could be religion, language, moral principles, patriotic principles or family values.

On the other hand, non-examples of the cultural region are the government of the region, the economy of the region, geography or history. These concepts are not part of the culture but systems that are part of the political and economic life of society. Hope this helps! =)

3 0
3 years ago
Economists normally assume that the goal of a firm is to earn
iris [78.8K]

Answer:

B. (iii) only

Explanation:

Economists normally assume that the goal of a firm is to earn

(iii) revenues as large as possible, even if it reduces profits.

The reason for economist to normally assume the goal of a firm is to earn revenues as large as possible, even if it reduces profits, is that, while achieving more profit is what can make firm to keep running, there are times when rather than maximizing the profits alone, the economist look at the long run and seeks to generate more sales or total revenue, even if it decreases the profit generated, so as to increase the firm market share relative to its competitors.

Hence, economist seeks to maximize profits, while making higher number of sales.

In short, the seek the following:

1. Growth Maximization

2. Increasing Market Share

3. Satisfying Behavior

4. Maximizing Sales or Total Revenue

7 0
3 years ago
Read 2 more answers
Which of the selections listed below could one expect after a large increase in the number of naturalized US citizens?
andreyandreev [35.5K]
What are the choices

7 0
2 years ago
What do you think is Paine’s purpose in this excerpt from Common Sense? Cite evidence from the excerpt to support your claim.
Strike441 [17]
The main content of the passage is to present a possible situation in which a violent leader imposes the law on the country by force ("at the point of the sword"), which presumably leads to many deaths. This was what has happened, in Paine's interpretation under William the Conqueror in England. The intention is to show that this situation is undesired in America and to encourage Americans to fight against such a government. 
4 0
3 years ago
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