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Anuta_ua [19.1K]
3 years ago
15

Name the main economic questions that all countries face.

Business
2 answers:
Lesechka [4]3 years ago
8 0

Answer:

1 What goods and services will be produced?

3 How will goods and services be produced?

5 Who will consume the goods and services?

Explanation:

These are the three fundamental questions of the economy. All capitalist countries operating under the logic of market economies are guided by these questions in all productive spheres. For example, if you are going to start a business, you will first have to decide what you are going to produce (what kind of good am I going to produce?). Secondly, you will need to map your consumer market (to whom will it be produced?). And finally, to produce you will need a methodology that minimizes your production costs and maximizes your revenue (how to produce good?). Note that these questions are pertinent and guide any and all businesses.

ExtremeBDS [4]3 years ago
4 0
<span>The following are the main economic questions that all countries face:

</span><span>1What goods and services will be produced?
</span><span>3How will goods and services be produced?
</span><span>5Who will consume the goods and services?
</span>
These questions directly impact the supply and demand of goods and services that will be available for consumption within a given country.
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Arnold learned something very valuable as a teenager from his dad. He was told to invest​ $1,000 at​ 12% interest at age 20 and
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Answer:

The investment of $1000 that yields 12% interest per year would become $2000 in 6 years' time as shown by the calculation below

Explanation:

In determining the how long it would take for the investment to become $2000, the future value formula stated below is used.

FV=PV*(1+r)^N

FV is the $2000

PV, present value is $1000

r is the rate of return at 12%

2000=1000*(1+0.12)^N

2000/1000=1.12^N

2=1.12^N

by taking log of both sides the equation becomes

ln 2=N ln 1.12

N= ln 2/ln 1.12

N=6.116255374

approximately N is 6 years

6 0
4 years ago
________ also known as business etiquette, ethical conduct, social intelligence, or soft skills, refers to a whole range of desi
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Answer:

Workplace etiquette

Explanation:

The workplace etiquette is a group of behaviours that are expected from people working in the same place.

They include the proper manner to talk, dress, walk and relate with peers, dependents and superiors.

Let's see some examples of rules of workplace etiquette:

  • Be kind to everyone.
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  • Make eye contact, listen to people when they are speaking, and smile at them.
  • Be punctual.
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4 0
3 years ago
FIRST TO Answer for free brainlest. GOG GOGOGO
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Answer:

thanks for points even tho im not first

Explanation:

4 0
3 years ago
1. Identify and briefly discuss three factors which influence the choice of crops produced by commercial farmers?[ 2. What is th
wolverine [178]

Answer:

1. a) Location,

    b) earnings

    c) Whether the crop can be produced by its resources or not

Explanation:

Farmer traders consider location as an important element for their crops, the location depends on the quality of the land and the taxes it will pay, and the location of their crop is important for the transport of their products to ensure they arrive in the best condition to the market.

Likewise, the farmer considers as an influential factor how much profit he will obtain with the harvested product, choosing to cultivate the one that produces the greatest benefits, also he must consider having all the labor and resources that are necessary to carry out his harvest and be able to transport it to market it.      

2. Dairy producers need to consider the proximity of farms to the distribution market because the product has a limited time to go expire .

Explanation:

Dairy products are the most delicate and difficult to transport since they have a short time to expire, this is one of the reasons that commercial farmers should take into account that the location of their farm is at a considerable distance from the market, in this way being able to transport their product more safely and distribute it without fear that it expires and lose all their profits.

3. A commercial farmer is concerned with two costs, one of which is the cost of transportation and the other cost is whether there will be a benefit to his crop.

Explanation:  

Commercial farmers at the time of cultivation consider two very important costs for them, one of them the cost of transporting their products to the place of distribution, so they must ensure that it is not very high since it is also important for them the benefit they will get, for this reason, farmers take care that the investment is less so they can enjoy good profits.

   

4. Von Thunen's theory mentions that the distance to the market is a critical point for farmers. Von Thunen explains that a farmer's earnings may decrease the further from the market where he sells his products.

Explanation:

5.  1. One of Von Thunen's assumptions is that there is only one market available and it is self-sufficient without outside influence.

    2. Another assumption is the physical environment is uniform; without rivers, mountains, etc.

    3. And one last assumption is that all farmers act to maximize profits.

Explanation:

1. In Von Thunen's first assumption, he considers there is only one market available and it does not need external influences, but this assumption may not be so correct since there cannot be a single market due to the consumer demand that exists and because there are other farmers from different cities that will bring their products, also cities need an external influence for change, and changes are necessary for the growth of the city.

2. In his theory, Von Thunen mentions the physical environment of the places for agricultural production is uniform, which is difficult due to the landforms that create modifications in the terrain, this uniformity that Thunen mentions could only be achieved if the grounds were modified by men.

3. Thunen's last assumption mentions a very successful situation where farmers carry out actions to obtain the greatest profits, they will continue working to continue obtaining the best benefits.

6. 1. In the middle ring is the market. The market is central because it is the most important part of the city and is easily accessible from the surrounding areas.

   2. The next ring consists of intensive farming and dairy. These products are closer because they are in higher demand and other products can expire.

  3. The next ring is the forest. Wood was also in high demand due to the fact that it was used for heating and cooking. And it had this location because the wood was very heavy and difficult to transport.

  4. The penultimate ring was used for extensive cultivation as bread grains. These are lighter, which makes them easier to transport and cost less money.

  5. And finally, the final outer ring is used for livestock. Animals can be born and raised further from the market because they transport themselves, which means there is no need for fuel, saving the farmer money.

Explanation:  

Von Thunen in his theory mentioned the importance of geographical distribution in agriculture, in which merchant farmers could take advantage of the conditions of the land. For Thunen the distribution and location of the land in an appropriate way would generate the best benefits, for it must organize from the most essential and difficult to transport to the easiest to transport, in this way, for Von Thunen the rings in the markets should be formed.

   

<em>I hope this information can help you.</em>

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3 years ago
A group of researchers wanted to determine if people will eat more food in a room with red paint and red decorations than in a r
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