There are different components that make up a society. It includes all the following, except: a. Population b. Social relations C. Social institutions d. Culture
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- Economic systems differ according to which two main characteristics? Select one: A. the technology used in production and the quantity and quality of natural resources B. the political system in place and the degree of scarcity facing the economy C. who owns the factors of production and the methods used to coordinate economic activity D. how goods are produced and who gets themGive three examples of Science. a. Telephony b. Biology c. Computers d. Robotics e. Chemistry f. Zoologywhat is economic activity?
- What goods and services—and how much of each—will be produced?Most economies in the world are built in a way that both the government and the private sector make economic decisions together. What type of economy is being described here? a. Capitalist economy b. Socialist economy c. Mixed economy d. Communist economyIn which of the following economic system does the government owns the factors of production and distribution? a. Capitalist Economy b. Command Economy c. Mixed Economy d. Private Economy
- Can you please show an example that will illustrate understanding of economic concepts through examples from current events, social media, and pop culture. Covering the areas in the image.The problems that microeconomics addresses are: A. Resource Allocation B. Resource Utilization C. How to maximize individual economic unit D. General economic issuesExplain the following concepts 1.scarcity 2.choice 3.opportunity cost 4.resources 2.state four features each of the three economic systems