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This was my homework question, I was hoping someone would know. xD Oh well. :p

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Q: What were the principal economic resources of each region?
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Why does each region have a different economy?

Because each region has different resources.


What are the factors of production in an economic system?

The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.


How did the North and the South each handle their economic and human resources needs?

No I can't answer it, I'm busy.


Why do some economic goals are incompatible with each other?

Most economic goals rely on their theorys. Most of the theories rely with the phrase "ceteris paribus" this means, all remains the same. This means that for economic theories to be acomplished, all other factors outside the control of the economist must be remain the same, however, it is impossible to control and keep the same a world with endless factors which are continuingly changing. This is why it is said that economic theories do not apply to reality. Hence, it is difficult to meet economic goals since there are so many factors that can change everything


What is Michelle's opportunity cost of producing potatoes?

Suppose that two people, Michelle and James each live alone in an isolated region. They each have the same resources available, and they grow potatoes and raise chickens. If Michelle devotes all her resources to growing potatoes, she can raise 200 pounds of potatoes per year. If she devotes all her resources to raising chickens, she can raise 50 chickens per year. (If she apportions some resources to each, then she can produce any linear combination of chickens and potatoes that lies between those extreme points. If James devotes all his resources to growing potatoes, he can raise 80 pounds of potatoes per year. If he devotes all his resources to raising chickens, he can raise 40 chickens per year. (If he apportions some resources to each, then he can produce any linear combination of chickens and potatoes that lies between those extreme points.) What is Michelle's opportunity cost of producing potatoes?

Related questions

Why does each region have a different economy?

Because each region has different resources.


What are the factors of production in an economic system?

The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.


How do you evaluate the Philippines economic resources?

To evaluate the Philippines economic resources you have to look at the plants that are working. The amount of money that each resource is generating is another factor that can be used for the evaluation.


What happened to the Caucasus region in the late 1980s?

Each of the three countries in the region experienced rapid economic growth.


How are resources, competition, and carry copacity related?

Carrying capacity is how many organisms can live in a region, so how many resources that region has determines the carrying capacity. The organisms are in competition with each other for those resources.


What is the economic activities occur in each region pacific coast states?

commercial fishing


How did the North and the South each handle their economic and human resources needs?

No I can't answer it, I'm busy.


How did the climate and resources of each colonial region influence the way is people made a living?

Forgett itt..


What resource is as important as natural resources?

Natural resources and human resources are one key to a nation's economic success. Each must be handled fairly and one method of doing this is through the resources of a democratic government and society.


How has Pakistan taken advantage of its natural resources?

in 1947, when india and Pakistan became independent , each nation claimed the region of Kashmir.


How are the regions interdependment?

All regions are interpendent because there is not one state that has all the Natural Resources or manufactured resources that they need. Therefore each region works together to supply that region with what they need and all regions work together to supply the entire U.S. needs.


How did west Africa's vegetation zones affect what trades goods were available?

1. It affected them because only certain resources were available in each region and this varied where you went in between vegetation zones.