All categories

3 years ago

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.

You might be interested in

The phrase that best captures the vision of the knights of labor is:.

Gnom [1K]

The phrase that best captures the vision of the knights of labor is Cooperative commonwealth.

<h3>What is cooperative commonwealth?</h3>

This is used to refer to the society that is based upon the principles of socialism and also cooperatives.

<h3>The Knights of labor</h3>

These were a group in the United States that tried to stop Asian immigrants from being part of the workforce in the US.

Read more on the Knights of labor here: brainly.com/question/8168856

3 0

2 years ago

The law permits only bicycle or motorcycle drivers to wear stereo head-phones while operating the vehicle.A) True B) False

Rainbow [258]

Answer:

False

Explanation:

Hello! The sentence is false because the use of headphones to listen to music is prohibited, as it seriously endangers the driver because he loses hearing and cannot hear what is happening around him. It is illegal in any type of vehicle, whether car or motorcycle.

Thanks for your question! Feel free to ask more!

7 0

2 years ago

4.Discuss how an athlete’s mindset impacts their performance in professional sports. Please provide examples and discuss what tr

Komok [63]

Answer:

Competitive and empowering mindset helps athletes think they can achieve anything, along with the best and right tools. For example a football athlete thinks there's nothing he can't achieve because he has the agility, strength and physical fitness to play.

4 0

3 years ago

Bullying younger children earns Diego the attention and respect of many classmates. As a result, his bullying behavior increases

Dahasolnce [82]

Answer:

c. Learned response

Explanation:

The conditioned response is a learned response. habituation, imprinting, classical conditioning, ope-rant conditioning all are learned behavior concepts. Learned behavior is in contrast to innate behavior, innate behavior is genetically predisposed but learned behavior is disposed of by learning or some type of conditioning. some behavior is a combination of both learning. Learned behavior is modified by previous learning.

5 0

3 years ago

With what writing technique does Equiano develop his ideas at the beginning of the passage?

irga5000 [103]

The correct answer is letter c. critical thinking.

Explanation: Critical thinking consists in analyzing and evaluating the consistency of reasoning, especially the statements that society considers true in the context of everyday life.

This assessment can be accomplished through observation, experience, reasoning or the scientific method. Critical thinking requires clarity, precision, fairness and evidence, as it seeks to avoid particular impressions.

5 0

3 years ago