Answer:
Not only is the stock market arguably in one of the longest bull runs in history, but unemployment is low (sitting at around 4% - the lowest in years), exports are increasing, and second quarter gross domestic product (GDP) numbers are promising. And while many would caution against the possible short-lived nature of the current economic boom, it is nonetheless apparent: the American economy is having a moment.
But, what kind of system has allowed America to enjoy the recent (if not short-lived) strong numbers? Cue the mixed economy.
While there are other kinds of economies like the command, traditional, or market economy, the mixed economy has famously been successful in balancing public needs with private incentives and has led to some of the strongest economies in the world. But, what actually is a mixed economy, and what are some of the pros and cons?
Answer:
Scarcity refers to the basic economic problem, the gap between limited – that is, scarce – resources and theoretically limitless wants.
Explanation:
Scarcity increases negative emotions, which affect our decisions. Socioeconomic scarcity is linked to negative emotions like depression and anxiety. viii These changes, in turn, can impact thought processes and behaviors. The effects of scarcity contribute to the cycle of poverty
Answer:
Mnemonic
Explanation:
<u>A mnemonic aid or device (known also as a memory device) is a technique that helps to learn and to remember information from the memory. </u>
<u>The most common types of mnemonic aids </u>that help to sort of the memories that should be remembered are:
- Visual images or image mnemonics - information that is connected and remembered with the aid of a picture
- Acronyms - making acronyms that you will easily remember to serve you as a synonym for a certain phrase
- Music - songs, rhythm, lyrics, jingles, rhymes that can be used to remember something; an example is ABC song
- Models - by remembering certain diagrams or graphics, a person can recall certain information.
<u>These aids are especially helpful for remembering things you have to memorize fully, such as speeches, poems or lists, they can also aid you in learning foreign languages, and are used for patients that have memory loss problems. </u>
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