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fiasKO [112]
3 years ago
13

Discuss the role of the consumer and the production of goods and services in relation to core concepts of economics.

Social Studies
2 answers:
harkovskaia [24]3 years ago
7 0

Answer:

Four key economic concepts—scarcity, supply and demand, costs and benefits, and incentives—can help explain many decisions that humans make.

Scarcity explains the basic economic problem that the world has limited—or scarce—resources to meet seemingly unlimited wants, and this reality forces people to make decisions about how to allocate resources in the most efficient way.

As a result of scarce resources, humans are constantly making choices that are determined by their costs and benefits and the incentives offered by different courses of action.

Explanation:

AleksandrR [38]3 years ago
4 0
While having a basic understanding of economic theory isn't perceived as being as important as balancing a household budget or learning how to drive a car, the forces that underpin the study of economics impact every moment of our lives. At the most basic level, economics attempts to explain how and why we make the purchasing choices we do.

Four key economic concepts—scarcity, supply and demand, costs and benefits, and incentives—can help explain many decisions that humans make.
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One mechanism by which viral infections may increase the risk of cancer is __________. see section 18.3 (page 425)
Goshia [24]

By altering the function of regulatory genes virus can risk cancer.

Certain infectious agents, such as viruses, bacteria, and parasites, can increase the risk of cancer . In order to reproduce and make more viruses, a virus must enter a living cell and take over the cell's machinery. Some viruses accomplish this by embedding their own DNA (or RNA) into the host cell's. So when DNA or RNA impacts the genes of the host cell, it can cause the cell to become cancerous.

Most viruses only affect specific cells in the body, such as cold virus viruses that affect the nose and throat lining. That is why certain viruses are just associated with specific types of cancer.

Learn more on virus-

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7 0
1 year ago
More than 25 millon immigrants came to America from 1865 to 1915. who are the true Americans who lived in America long before an
Papessa [141]

Answer: d.American Indians

Explanation:

When the Europeans first arrived in the Americas, they found out that the Americas were not uninhabited but had various tribes of a groups of people collectively referred to as American Indians.

As much war and disease befell the American Indians from the Europeans, they lost a lot of their land and their numbers were greatly reduced such that their dominance over the Americas was taken from them and their status in society reduced greatly.

7 0
3 years ago
How does smith believe individual self interest and profits benefit all of society
DerKrebs [107]
According to Adam Smith, the self-interest represents the personal gain of the individual and actions he takes in order accomplish that self interest. He was a staunch believer in the free market and was against government regulations because he thought that the free market would most benefit the individual and therefore the society. The competition is what makes the the manufacturers produce better products and more of them, while this will spur the costumers to buy those products. When many act in their own self interest, the market will give both to the manufacturers and the consumers.
4 0
3 years ago
Read 2 more answers
Kennedy has burned her hand, but she does not have an emotional response to the pain, even though she feels the pain, can judge
Vilka [71]

Answer:

Hypothalamus

Explanation:

In simple words, The hypothalamus can be understood as the tiny brain structure. It's close the pituitary gland at the foundation of the brain. The hypothalamus, despite its modest size, plays an essential part in a variety of processes, namely hormone release. controlling one's body warmth.

The hypothalamus is a tiny central area of the human brain that is made up of nerve fibres and a collection of nuclear bodies that serve diverse roles. The hypothalamus is defined as the  connection among the neurological as well as endocrine systems, and its primary role is to keep the system in a state of homeostasis.

7 0
3 years ago
Consider the mistakes made at the Battle of the Somme both by Generals
Anastasy [175]

Answer:

The big mistakes of generals was that they did not use the artillery effectively.

Explanation:

the mistakes made by generals and soldiers are given below:

1) The generals did not use the artillery effectively which leads to high British casualties in the battle of Somme.

2) The generals attack on the Germans without making any plane for it. they consider that Germans did not stand against high number of British soldiers but the soldiers did not achieve its goal due to high number of machine guns which was installed at the Germans.

4 0
2 years ago
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