Three Economic Stances
1. What are three economic stances that a government may have? Describe each of these stances. The three economic stances that a government is one neutral which is a neutral stance indicate a balance economy leads to more tax revenue for the government. Second one is expansionary which is describing by spending more money than it collect. The last one is Contractionary which means the government is collecting more money than spending it or uses it.
2. What are the four different types of economic resources? Describe each type. The four different types of economic resources is one land which is not its only refers to physical land but also natural resources that we use, including lumber, oil, and materials. The second one is Capital which means …show more content…
Trading takes place through registered stockbrokers.
Critical Thinking Questions
1. Choose one current event. Describe the event and discuss the economic implications of this event. What economic effects might this have at the individual and societal levels? One current event that discusses the implications of this event is oil because the gas prices are low which is because of the economy around the world. like the oil stock is going up and down and there are some oil company is going bankrupt because of not providing enough oil and how global change is happing in the world.
2. What are the costs of "freebie" items? the cost of freebie items is when there is a sale going on in stores or online it doubles the profits when there is something like buy 1, get 1 for free. it also advertise anyone who use the product to buy it the product next time they going inside the stores because they had test the free product out and decides they like so they are going to buy more of it.
3. How does the stock market influence the finances of individuals, even if they don't personally invest? The stock market influence the finances of individuals by if the individuals that investing their way to a stock he or she will make money over time and they also can receive a check from the company when they make a
2. What are the four different types of economic resources? Describe each type. The four different types of economic resources is one land which is not its only refers to physical land but also natural resources that we use, including lumber, oil, and materials. The second one is Capital which means …show more content…
Trading takes place through registered stockbrokers.
Critical Thinking Questions
1. Choose one current event. Describe the event and discuss the economic implications of this event. What economic effects might this have at the individual and societal levels? One current event that discusses the implications of this event is oil because the gas prices are low which is because of the economy around the world. like the oil stock is going up and down and there are some oil company is going bankrupt because of not providing enough oil and how global change is happing in the world.
2. What are the costs of "freebie" items? the cost of freebie items is when there is a sale going on in stores or online it doubles the profits when there is something like buy 1, get 1 for free. it also advertise anyone who use the product to buy it the product next time they going inside the stores because they had test the free product out and decides they like so they are going to buy more of it.
3. How does the stock market influence the finances of individuals, even if they don't personally invest? The stock market influence the finances of individuals by if the individuals that investing their way to a stock he or she will make money over time and they also can receive a check from the company when they make a