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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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Cynthia’s psychology professor asks the class not to think about purple unicorns. Though Cynthia has never once before thought a
Xelga [282]

Answer:

the rebound effect; thought suppression          

Explanation:

The rebound effect: Also known as the rebound phenomenon.

It is defined as the occurrence or re-occurrence of symptoms that were either controlled or absent while being on medication, yet appears again when that particular medication is reduced, or discontinued in dosage.

Suppression In psychology is defined as the act of resisting oneself from feeling or thinking something. It is considered ineffective because even if a person suppresses his or her emotions, such as anger, the same feeling returns with a retaliation. And, this is what is known as the rebound effect.

The same is happening in the case of Cynthia, even if her teacher asks her not to think about the purple unicorns, she couldn't stop herself thinking for the same.

5 0
3 years ago
How important was the road system to life in the inca empire?
SashulF [63]

Answer:

extremely important that's y they made it

4 0
2 years ago
To support financially; provide a grant or contribution
ruslelena [56]

When a person supports financially or provides a grant or contribution, this is to j. subsidize.

<h3>What does it mean to "subsidize"?</h3>

When something is subsidized, it means that the cost of it is reduced thanks to a payment towards the cost by another person or entity.

This therefore translates to a financial support given in the form of a grant or contribution to reduce the cost of something.

Find out more on subsidies at brainly.com/question/6945210.

#SPJ1

3 0
2 years ago
A written supreme court opinion that disagrees with what the majority of the justices decided is a(n)
ratelena [41]

The answer is concurring opinion. This is considered to be a legal system that is written that are being done by the judges of the court that has an agreement in terms of the decision that is being made or concluded by the court in majority.

6 0
3 years ago
How were the Southern soldiers different from the Northern soldiers?
Strike441 [17]

Answer:

The Union strongly believed that black people were meant to have free will and fought to abolish slavery. The Union far outclassed the Confederates in manpower, resources (with the exclusion of cotton) and weapons. The Union was in control of more land and had a bigger army than the Confederates.

Explanation:

7 0
3 years ago
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