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people choose economic choice because they want to earn money for their family also for themselves.
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∙ 12y ago
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What basic economic choice must people and societies make?
Societies make choices about how to use their resources. Businesses make choices about what to produce and when to produce it.
What are some of the economic choices that consumers make?
•Rational choice (Bounded Rationality):a limited capacity for processing information •Affective Choice: choices driven by how they make the user feel(underlying motive)consummatory(intrinsic) or instrumental(extrinsic) •Attribute-Based vs. Attitude-Based Choice:•Knowledge of specific attributes•The use of attitudes, intuitions, and heuristics (common sense)
Examples of economic choices you have to make?
different people make different economic decisions
What is economic choice?
vegeterian food
Most people in the US support an economic system that is?
Most people in the US support a Capitalism economic system in which you can make as much money as you like.
What basic economic choice must people and societies?
Societies make choices about how to use their resources. Businesses make choices about what to produce and when to produce it.
What basic economic choice must people and societies make?
Societies make choices about how to use their resources. Businesses make choices about what to produce and when to produce it.
When you make an economic choice you except to gain something from it what do you call this gain?
Profit.
What are some of the economic choices that consumers make?
•Rational choice (Bounded Rationality):a limited capacity for processing information •Affective Choice: choices driven by how they make the user feel(underlying motive)consummatory(intrinsic) or instrumental(extrinsic) •Attribute-Based vs. Attitude-Based Choice:•Knowledge of specific attributes•The use of attitudes, intuitions, and heuristics (common sense)
Examples of economic choices you have to make?
different people make different economic decisions
Does law make people better?
Yes because it lets people know what is right and wrong.
Why do people wear costumes on lets make a deal?
because so they can be recognized and get picked.
What is economic choice?
vegeterian food
Why do they do the baptismal promises?
so that people beleive that they cant leave their religion, no matter what, and thats not true, the religion we are is by choice, like lets say both your parents are catholic, doesnt automaticly make you catholic, its the beleif..... i should stop talking now.
Most people in the US support an economic system that is?
Most people in the US support a Capitalism economic system in which you can make as much money as you like.
Why is it that economics is the study of human behavior?
This is because economic's central theme is opportunity cost. Opportunity cost can be defined as the best alternative choice that you forgo when making an economic decision. Therefore, economics study these "choices" to choose the best choice, minimize the opportunity cost for that choice.
Why is it necessary to make economic choices?
economic choices are necessary because resources are limited while the human wants are unlimited.one has to make the best choice between or among alternatives according to the given inputs or resources which affect the total feasible output.
