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Economic decisions involve doing what with resources to produce goods and services for people to consume?
Allocating
What was an effect of the termination policy?
The government cut off aid to tribal governments for services such as education and health care
List the 7 major executive branch policy areas in Ga?
Education Human Services Public Safety Transportation General Government Economic Development Natural Resources
What do you think the issue of taxes so important?
Taxes are crucial as they fund essential public services such as education, healthcare, infrastructure, and national defense, shaping the overall quality of life in a society. They also play a significant role in redistributing wealth, helping to reduce economic inequality and provide support to those in need. Furthermore, tax policies can influence economic growth and stability, impacting both individual financial situations and broader economic trends. Ultimately, taxes are a fundamental tool for governments to manage resources and promote social welfare.
Define the major branches of economics and their scope?
Microeconomics (or price theory) is a branch of economics that studies how individuals, households, and firms make decisions to allocate limited resources,[1] typically in markets where goods or services are being bought and sold. Macroeconomics, on the other hand, involves the "sum total of economic activity, dealing with the issues of growth, inflation, and unemployment and with national economic policies relating to these issues" and the effects of government actions (e.g., changing taxation levels) on them
When market or governments make economic decisions about what goods and services their resources will be used to make what basic economic question are they answering?
What to produce
When markets or governments make economic decisions about how to most efficiently convert their resources into goods and services what basic economic question are they answering?
The question markets or governments are answering when they make decisions about how to efficiently convert resources in to goods and services is How to Produce? This is part of a planned economy which tries to improve productivity.
When markets and governments make economic decisions what good s and services their resources will be used to make what basic economic question are they answering?
what to produce
When markets or governments make economic decision about how to most efficiently convert their resources into goods and service what basic economic question are they answering?
Markets or governments make economic decisions about how to most efficiently convert their resources into goods and services. The basic economic question that is being answer is how to produce.
When market governments decide how to distribute wealth money goods and services what basic economic question are they answering?
Markets or governments make economic decisions about how to most efficiently convert their resources into goods and services. The basic economic question that is being answer is how to produce.
What is the economic system?
The Economic System are the means by which countries and governments distribute resources and trade goods and services.
When markets or governments make economic decisions about what goods and services their resourcers will be used to make what basic economic question are they answering?
What to produce
When markets make economics decisions convert resources into goods and services?
Demand will always force markets to make economic decisions to convert resources into goods and services. Without demand. There is any reason to convert the resources.
Economic decisions involve doing what with resources to produce goods and services for people to consume?
Allocating
The study of the decisions that go into making distributing and using goods and services is called?
The study of the decisions involved in making, distributing, and using goods and services is called economics. It examines how individuals, businesses, and governments allocate resources and respond to incentives. Economics encompasses various subfields, including microeconomics, which focuses on individual and business decisions, and macroeconomics, which looks at broader economic factors and policies.
What basic economic questions are markets or governments about what goods and services will be used to make?
Markets and governments address three fundamental economic questions: What goods and services should be produced? How should these goods and services be produced? And for whom should they be produced? In market economies, these questions are typically answered through supply and demand dynamics, while in command economies, governments make these decisions based on planning and policy objectives. The balance between market forces and government intervention shapes the allocation of resources and production outcomes.
What is The scientific study of the production distribution and consumption of goods and services is?
The scientific study of the production, distribution, and consumption of goods and services is known as economics. It examines how individuals, businesses, and governments allocate resources and make decisions to satisfy needs and wants. Economics encompasses various theories and models that analyze market behavior, economic systems, and the effects of policies on economic outcomes.
