Respond to the discussions below paragraph form

Discussion 1.

Proverbs 31:10-23 has many words and phrases that relate to economic activity: Worth, value, works eagerly, gets up early, provides, considers purchase before making it, uses profit to further investment, works vigorously, trading is profitable, helps the poor and needy, adequately provided for. In examining this passage, we can see how hard the Proverbs 31 wife works. She, her husband, and her family have needs to meet. She works from early in the morning until late into the night and she works hard to make sure they have what they need. She is wise in her purchases and uses her profit to further her investments. Beyond caring for herself and her family, she cares for others in need and serves them too. The Bible portrays this woman as a business owner/entrepreneur. She is wise about what she uses her time and resources for, she is hard-working and eager to accomplish what needs done, she is mindful about what the needs of her husband, children, and family are, and further reaches out to help those that are less fortunate. A business owner would also be goal oriented. They would be mindful of production, profit, and loss. They would be mindful of the needs that need met. A business owner would be hard-working and eager, much like the noble Proverbs 31 wife.

Discussion 2.

Goods and services are both things that we need in our lives but also can be a weakness to us too. Verse ³Give not thy strength unto women, nor thy ways to that which destroyed kings. Shows levels on both good and the bad. It tells you that woman is given certain attributes about herself that can build up her king but also can destroy him in the same sense. She can either be a beautiful dream or a beautiful nightmare but in all in all Once you found that one who can build you up in the kingdom and then there is nothing that you shouldn't be able to do to keep her.

Discussion 3.

The three basic economic questions that any society must answer are what to produce, for whom to produce it, and how to produce it. These three questions are important because we exist in a world of limited resources, forcing us to allocate these resources effectively. In today's marketplace, asking ourselves what needs to be produced tells us what we need for our modern society to thrive. When we ask whom the production is for, we look at who would benefit from the product and who would not. When asking how something is produced, we look at everything from the use of renewable or unrenewable resources, people or machines, and several other methods of production.

The production possibility curve is used to properly allocate all necessary resources to the fullest extent. When you make the curve, it creates an immediate, physical example of how efficiently or inefficiently you're using your resources. For example, I'm a writer and an artist. It is impossible for me to create the maximum amount of both of these things in a single day due to human constraints and a lack of resources. As such, if I wanted to find the most efficient way to increase my writing output while also creating artwork, I would create a production possibility curve to show myself how to properly allocate my time and resources.

Discussion 4.

The three basic economic questions that any society must answer is what to produce,whom to produce it, and how to produce it. When we say what to produce which means that we have to think of a product to produce. When we say whom to produce it which means what kind of crowd are we going to produce the product for. When we say how to produce which means when we are making the product we have to make it a way for everyone to participate and they should have choices to try different ones. In today' s marketplace we have to think about everyone; the vegan, gluten free, dairy free, ect....

Production Possibility Curve is used to properly allocate all necessary resources to the fullest extent. It is used to help illustrate the trade off between using more resources in one product over another. For example, a farmer that has a contract with Kroger. Now, Kroger will create a chart with all the fruits and vegetables that the farmer provides for them and they will let the farmer know which produce they need the most and which one they can stop produce because of the chart they will be able to know which one is making them money and which one is not.