Question
Distribution examines how income is divided between producers and resource owners. consumers and resource owners. producers and economizers. consumers and producers. 1 1 point A movie would be considered a typeyouranswer want. 12 1 point Which of the following is the best reason for studying economics: To prepare for effective decision making and responsible citizenship To find the best use for resources and supplies To determine which occupations interest you
Answer
4.1
(108 Votes)
Palmer
Master · Tutor for 5 years
Answer
1. B2. want 3. A
Explanation
The first question is asking about the concept of "distribution" within the context of economics. Distribution, in economic terms, is about how income is divided among different stakeholders within the economy. The correct answer needs to reflect the idea of income division between main actors involved in producing goods and services, as well as those who provide the resources necessary to produce these services. The second question demands an understanding of what goods or services qualify as 'wants' within economic terminology. Economists distinguish between wants and needs in determining degrees of economic satisfaction. While there’s no widely agreed-on definition of what things are 'wants', effort submissions suggest it is often connected with some non-essential, luxury or entertainment goods, such as a movie ticket.The last question is requiring a determination of the most appropriate reason for studying economics among provided choices. Throughout USA high-school curriculums, individuals tend to study economics to get better equipped both as a better decision-maker and as a responsible citizen.