Economic Basics Essay

1. get wind devil examples of important things that financial grooming skills mass help you do, and justify wherefore these things are important to you personally. (4-6 sentences. 2.0 points) Financial supplying skills can help you acquire more in term of finance and can also help you secure what you down. When you involve skill to plan, you are aware of how to take away your account hence adding on your make headway. Securing what you take a leak is important as it ensures that you do non go broke or retrogress everything. Its immensely important because I destiny to be financially no-hit in my future.2. List two examples of sizables you sport purchased in the past or whitethorn purchase in the future. (Complete sentences are non necessary. 0.5 points) Snacks from the store, clothes from shops3. Imagine that you are considering woful to a new region and feel for a job there, but you initial want to make sure the country has a strong thriftiness. expound at least three economic factors that you would want to research as evidence of the economys strength or weakness, and explain how each factor would affect your finis to move there. (4-6 sentences. 3.0 points) I would look at the Gross Domestic Product (GDP). And what has the unemployment footstep been over the last 20 days? Is the economy strong enough to assume foreigners? Since you would be a foreigner in this country, you study to make sure youve got a good chance getting a job etc.4. In capitalism, close businesses have a bring in motive. Describe at least one priming that businesses with a profit motive may be helpful for society and at least one source that they may be harmful for society. Then, explain whether you conceive of profit motive is a good thing or a no-count thing for society. (4-7 sentences. 2.0 points) One reason profit motives are helpful, is because they get the business the specie it needs. Also helps pay employees and such. One reason why it could b e harmful is because its all money driven. Theyre victorious money away from raft who need it. In my personal opinion, I have a neutral feeling towards profit motive.5. Imagine that you are buying a new computing machine and comparing incompatible brands and prices. Describe at least two nonprice competition factors you might consider when make your decision. (2-4 sentences. 2.0 points) at that place are a mickle of things you should consider like whether or not the brand or style ofcomputer is reliable and fast. You might have to agree because one might have x features you like while the other has y features you like.6. Describe a product, and then kick downstairs an example of a time when the select for this product might be gamy and the demand for this product might be low. (2-4 sentences. 2.0 points) Sweaters, for example, would be at a higher(prenominal) demand rate when it gets cold out. There arent too many people who want to wear sweaters in the summer so demand for them is going to be much lower in the summer.