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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Answer:
2. the advertising techniques used to persuade the viewer. In order to do this, Nori need to determine whether the advertisers using a visual or principle attraction method for this product
4. what tools the advertiser uses to sell the product. This could range from newspaper, billboard, television, or phamplets
5. the purpose of the advertiser's message. Nori need to do this in order to find out the customer segmentation of the product
True depending on what you pay. Depending on what is payed (it is all tabled) you may have more or less days on your benefit periods up until no limit. In the end, it is a health insurance, and as everything that's payed, it has limits or not depending on what is payed.
Answer:
The United States can specialise in producing goods and services which capitalise on its competitive advantages.
Explanation:
Increased global trade opens the United States (U.S) to international markets. This allows businesses in the U.S to scale their operations so as to meet world demand. In doing so, these businesses may experience lower costs per unit due to increasing production capacity. This growth in operations could lead to increased competition from foreign businesses seeking to enter or operating in the U.S economy. Owing to this, higher levels of innovation and efficiency at firm level would be instituted so as to offer competitive prices.
The number one reason for failure of a new business is poor management.
Hope that helped! (:
