Three basic economic questions are -
- What to produce?
- How to produce?
- Whom to produce for?
Economists study how households and businesses interact to produce the goods and services people need. They look at the factors of production, such as land, labor, and capital, and how they are combined to produce goods and services. Essentially, economists try to answer three sets of questions:
- What goods and services should be produced to satisfy consumer needs?
- How much of this product do you need?
- When should you produce a report?
- What is the best way to produce goods and services?
- How should these products be produced, and what resources should be used to do so?
- Who should be the recipients of goods and services?
- How should the product be allocated among consumers?
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Most purchase agreements are contingent upon a satisfactory home inspection and mortgage financing approval. There are other types of contingencies as well, in addition to the most common ones mentioned above.
Answer:
The correct option is 2. Has the growth mindset.
When a person believes in his/ her self, the person has a growth mindset.
Two-diamond accommodations
Answer:
money supply = 32 million
Explanation:
The reserve requirement is the money banks keep in their vaults against the deposited money.
The supply of money is affected by reserves and the supply of money can be increased if we lower the reserve requirements.
The money supply is calculated as
money supply = deposits*money multiplier
Where money multiplier is ( 1/ % of reserve requirement)
money supply = deposits*( 1 / % of reserve requirement)
money supply = 1600000*( 1/0.05)
money supply = 32000000
money supply = 32 million