FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Give two examples of someone being a consumer. Explain why the role of a consumer is important in an economic system. (5 points) Give two

  1. Give two examples of someone being a consumer. Explain why the role of a consumer is important in an economic system.

(5 points)

Give two examples of someone being a producer. Explain why the role of a producer is important in an economic system.

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

Essays In Economic Sociology

Essays In Economic Sociology

Authors: Max Weber, Richard Swedberg

1st Edition

0691218161, 9780691218168

More Books

Students also viewed these Economics questions

Question

★★★★★
1. Following Sportsmans shift in competitive strategy, what are some considerations for the companys human resource management practices? 2. What kind of challenges will Sportsman face specifically...

Answered: 1 week ago

Question

★★★★★
c. Confirm that the expected rate of return on Phoenix stock is exactly 9% in each of the years from 2022 to 2026. 116 Part One Value CHALLENGE

Answered: 1 week ago

Question

★★★★★
Show that there does not exist a random variable X having mean ???? and variance ????2 such that P(???? 3???? Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★
Match the ratio to the building block of financial statement analysis to which it best relates. A. Liquidity and efficiency B. Solvency C. Profitability D. Market prospects 1. _______ Gross margin...

Answered: 1 week ago

Question

★★★★★
What are the values of the following expressions? You may assume that: String s = "Hello"; String t = "World"; Group of answer choices s . length ( ) + t . length ( ) [ Choose ] s . substring ( 1 , 2...

Answered: 1 week ago

Question

★★★★★
For which of the following would a diverse team be better than a homogeneous team

Answered: 1 week ago

Question

★★★★★
7) You, as a newly hired quality manager, would like to develop a presentation to convince the top management members to pursue ISO 901-20150 registration. Explain four important points of benefits...

Answered: 1 week ago

Question

★★★★★
Read and score the Conflict Styles Inventory by Gordy Curphy. W-rite a report discussing what you have learned from the Conflict Styles Inventory results and discuss the advantages and disadvantages...

Answered: 1 week ago

Question

★★★★★
Reminder: Your answers will be assessed based on content (i.e., the quality of the information presented; integration of class and text material), and organization. Your answers must make explicit...

Answered: 1 week ago

Question

★★★★★
Just clear organized easy answers to each question attached below, please. No copy paste. You are considering organizing an event to raise funds for a special cause (children living in poverty,...

Answered: 1 week ago

Question

★★★★★
Data is collected from 250 college students to determine if regular class attendance is related to overall Grade Point Average (GPA). The results are below. Percentage of Class Meetings Attended...

Answered: 1 week ago

Question

★★★★★
3. List four goals that are important to you. Then set up the roles that correspond to these goals. How will you shape your personal vision as a result of your goals and roles?

Answered: 1 week ago

Question

★★★★★
1. What does this mean for me?

Answered: 1 week ago

Question

★★★★★
2. Think of a person you really appreciate and who is a role model for you, such as something you admire for what the person does or has done (historical people, friends, family, from fairy tales,...

Answered: 1 week ago

Previous Question Next Question