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(Solved) Economic Activities 1.What are the different ways of thinking about economics? 2.2What are the two major fields of economics? 3.Describe the benefits...


.What are the different ways of thinking about economics?

Economic Ideas, A Choice is a trade off, and Rational Choices

 

2.What are the two major fields of economics?

Macroecononmics & Microeconomics

3.Describe the benefits of a capitalist economy

4.Explain the process of making a rational choice about buying a product or service; what are you comparing?

5.How do free markets function?

6.Describe whether the minimum wage is efficient or not.

7.Describe how globalization is impacting the world’s economies

8.Describe how the government can help a small business.

9.Describe the major field of economics called microeconomics

10.Describe price flooring.

11.Describe what the concept excess burden means, and how it measures tax inefficiency.

12.What are the three principle indicators to determine how well the country’s economy is doing?

13.Does scarcity exists in all markets? Explain.

14.What are the factors that cause demand to change.

15.Describe the three principle indicators to determine how well the country’s economy is doing?

16.Describe the factors to consider when opening a small business.

17.Explain the law of demand as it relates to price and quantity.

Economic Activities
1.What are the different ways of thinking about economics?
2.2What are the two major fields of economics?
3.Describe the benefits of a capitalist economy
4.Explain the process of making a rational choice about buying a
product or service; what are you comparing?
5.How do free markets function?
6.Describe whether the minimum wage is efficient or not.
7.Describe how globalization is impacting the world’s economies
8.Describe how the government can help a small business.
9.Describe the major field of economics called microeconomics
10.Describe price flooring.
11.Describe what the concept excess burden means, and how it
measures tax inefficiency.
12.What are the three principle indicators to determine how well the
country’s economy is doing?
13.Does scarcity exists in all markets? Explain.
14.What are the factors that cause demand to change.
15.Describe the three principle indicators to determine how well the
country’s economy is doing?
16.Describe the factors to consider when opening a small business.
17.Explain the law of demand as it relates to price and quantity.

 


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