Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Below are the question 1) Three Basic Questions Answer the three basic questions using a good or a service in your unique example. a) Utilize

image text in transcribedimage text in transcribedimage text in transcribed

Below are the question

1) Three Basic Questions

Answer the three basic questions using a good or a service in your unique example.

a) Utilize a list format of some sort to detail your example.

b) Explain, in a minimum of one paragraph, your unique example.

What should we produce?

How should we produce it?

For whom should we produce it?

2) Circular Flow

Fully explain the Circular Flow of Economic Activity in picture and words.

a) Include ALL four parts in your UNIQUE example.

b) Explain, in a minimum of one paragraph, your unique example.

3) The American Economy

Discuss the economic goals of the USA in picture or song form or another means.

a) Summarize the goals of the American Economy in a photo essay or through the creation of song lyrics.

b) Be sure each goal is FULLY explained, in a minimum of one paragraph.

Example
image text in transcribedimage text in transcribedimage text in transcribed
Domador Flow chart I buy candy at Lind F Sells Product Chocolate 7 Market Individuals businesses 7 work COMPANIES at Market the Basket factor markets3. eco. equality - NO discrimination for Jobs THE MALL RECYCLE HOUSTON DOUGHNUTS - THAT Bottle okay ECD 2. buys TRASH 4, ECO , Growth RECYCLE! Yes Follow GDP. = Mall ECO. Tecdion1-2 work population is 1. ECO efficiency Growing from Customers amount of stores $ People working here. Eco . security .20 pizza HUT Fall for uner playMent romance - because They worki 57 ECO. Stability improving their Livingstandards of 2 Cco. Freecurry cheese ALDO ! producer 00 Pizza produces what they Walt Hair product clon : $ More sallys ROGERSGoals MacDonald To the tune (about) of Old Macdonald Had a Farm America has some goals Ee-i-ee-i-0 And one of those goals is economic freedom Ee-i-ee-i-0 Well you can work where you want Buy what you want Make what you want America has some goals Ee-i-ee-i-0 America has some goals Ee-i-ee-i-0 And one of those goals is economic efficiency Ee-i-ee-i-0 So there're factors of production And they can't be wasted So if a business doesn't make money Then it's gotta shut down America has some goals Ee-i-ee-i-0 America has some goals Ee-i-ee-i-0 And one of those goals is economic equity Ee-i-ee-i-0 If men and women Work the same job

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cambridge International AS And A Level Economics Coursebook

Authors: Colin Bamford, Susan Grant

3rd Edition

1107679516, 978-1107679511

More Books

Students also viewed these Economics questions

Question

How is the NDAA used to shape defense policies indirectly?

Answered: 1 week ago

Question

8. What are the costs of collecting the information?

Answered: 1 week ago

Question

1. Build trust and share information with others.

Answered: 1 week ago