Reference no: EM132887934
Assignment #1
1. The part of income that is not distributed to shareholders goes to reserves (shareholders equity) as dividends represents real money, reserves are also real money. Is that true?
2. Highlight four steps followed in the scientific method used in economics
3. Outline six advantages of a controlled market system
4. summarize five ways through which the government could influence the allocation of resources in a free market economy
5. Differentiate between microeconomy theory and a macroeconomy theory
6. Explain the three basic economic problems
7. Outline six limitations of a free market economy
8. "a government might intervene in a free market economic system" discuss five reasons that might drive a government to intervene
9. Explain four disadvantages of a planned economy
10. Summarize four roles of economy agents in a mixed economy