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1. Why do you think family is important?
2. What is the role of a family in society?
3. Are there any differences between a house and a home? If there are, what are these?
4. What are the basic needs of your family? How did your family manage to provide for your own needs in this modern world?5. If you were to become a parent someday, how would you provide for your children's needs? Will you do the same thing as your parents did to you? Why or why not?
6. For you, what are the things that you will do to raise a child that is responsible to provide the needs for his/her future family?
7. As a member of the family, how could you contribute in order to maintain peace and unity in your family?
8. What is your biggest role in your family?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
The Australian government administers two programs that affect the market for cigarettes
How many tickets to sell to maximize total welfare.
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
Depict the von Neumann-Morgenstern utility index u in a diagram
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Calculate gross national product and net national product
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