Pf Assignment 1 Dissertation

п»їAssignment 1: Economic Principles

(24. 0 points)

1 ) Describe two examples of significant things that monetary planning skills can help you do, and describe why these items are important to you personally. (4-6 phrases. 2 . 0 points) В

2 . List two types of goods you may have purchased before or may possibly purchase later on. (Complete sentences are not required. 0. 5 points) A car and a phoneВ

several. List two examples of companies you have acquired in the past or may purchase in the future. (Complete sentences are certainly not necessary. 0. 5 points) В Painting and carpet insulation

four. One of the functions of money is as a store of value. How does pumpiing affect money's ability to retail outlet value? (3-6 sentences. 2 . 0 points) В Inflation erodes the obtaining power of funds. A loaf of bread still takes just as much time and effort to make today as it got last year, however the price soars because the funds value erodes with time. Last year, bread expense $0. 99. This year, $1. 29. The rise in selling price comes generally from two factors, rise in cost of recycleables and inflation causing the dollar to obtain less in goods and services. a few. Imagine that you are thinking about moving into a new nation and looking for any job there, but you initially want to make sure the country has a strong economy. Describe for least 3 economic factors that you would like to research while evidence of the economy's durability or weak point, and make clear how every single factor might affect your decision to move generally there. (4-6 sentences. 3. zero points) В Look at the Gross Domestic Merchandise (GDP). This can be a sum coming from all nongovernmental spending. If the GDP has been developing or have been steady during the last 20 or 30th years, then the economy is stable. six. Explain which economic system (market, planned, mixed, or traditional) you think ideal consumers. Illustrate at least one reasons why you think this product is best for consumers. (4-7 sentences. 3. zero points) В Mixed economies are likely to be the best choice to get consumers. Since there is no ...



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