list and explain the three principles that describe how the economy as a whole works

Answers

Answer 1
The three principles that describe how the economy as a whole works are: (1) a country's standard of living depends on its ability to produce goods and services; (2) prices rise when the government prints too much money; and (3) society faces a short-run tradeoff between inflation and unemployment.
Answer 2

The three principles of how the economy as a whole works are scarcity, efficiency, and sovereignty.

What is the economy?

An economy encompasses all activity in a region that is related to the production, consumption, and trade of goods and services. Market transactions and collective or hierarchical decision-making are used to make these decisions.

The three guiding principles of the economy are as follows: (1) a country's standard of living is determined by its ability to produce goods and services; (2) prices rise when the government prints too much money; and (3) society faces a short-run tradeoff between inflation and unemployment.

Therefore, Scarcity, efficiency, and sovereignty are the three guiding principles of the economy as a whole.

To learn more about the economy, refer to the below link:

https://brainly.com/question/2421251

#SPJ2


Related Questions

If water did not condense into clouds in the sky what would happen

Answers

With no clouds, there would be no rain. Clouds move moisture from lakes and oceans (where it evaporates up) to mountains and other places inland that spark rainfall. And so vast stretches of land would become desert. Clouds reflect sunlight and help cool the Earth.

I HOPE THIS HELPED <3

A student needs to jot down some quick notes of the story elements in a book he is reading in English class. Which note-taking methods would be best for taking such notes? Check all that apply.

mapping
the Cornell method
a detailed outline
SQRW
charting

Answers

I’d say all of them if that’s an option and if it’s not I’d go with the Cornell method, SQRW, and charting

Answer:

1,3,5 trusttttt g

Explanation:

mapping, a detailed outline, charting


A shallow lake surrounded by forest in Canada is most likely to be influenced
by which abiotic factor?

A. Invasion from nonnative species
B. Seasonal temperature changes
C. Nutrient runoff from land
D. Changes in movement of water

Answers

Answer:

B. seasonal temperature changes

Explanation:

A shallow lake can be dried up in the summer by extreme heat and can freeze over in the winter due to cold. Also I just took this test and this was the answer

Answer:

its seasonal temperature changes just did the quiz

Explanation:

If corn oil is made from corn and vegetable oil is made from vegetables. What is baby oil made from?

Answers

Answer:

I would assume babies, but ya know. might be wrong

Answer:

Baby oil is a human-made mineral oil. Like petroleum jelly, baby oil is made from a byproduct that's leftover when oil is refined

Explanation:

basically out of gas

What outcomes are suggested by the Azamgarh Proclamation?

Answers

Explanation:

The Azamgarh Public statements of 25 August 1857 emphasized the question of harmony between the nation's Hindus and The muslims. Throughout this period of turmoil, the declaration continuously appealed to persons belonging to diverse castes and creeds to keep together.

Trutttttttttttttttth or Darrrrrrrrrrrrrre

Answers

Answer:

food

Explanation:

The first ionization energies of the elements __________ as you go from left to right across a period of the periodic table

Answers

Increases is the correct answer

Which of the following outcomes is most consistent with the pluralist model of democracy?

a) Protests initiated by the group lead to a public backlash against the new law.
b) The Supreme Court declares the new campaign finance law unconstitutional.
c) Congress passes a law that addresses some of the group’s concerns but omits others.
d) Federal bureaucrats delay implementation of the new law after it has passed Congress.

Answers

Answer: d) Federal bureaucrats delay implementation of the new law after it has passed Congress.

Explanation:

The pluralist democracy can be described as a kind of political system where there is more than one center of power. This means that the power is allocated in different hands and authorities. This allows the freedom of association. It may exists without democracy.

The congress has passed the law under its authority but it has to be passed or implemented by the federal bureaucrats as the power is allocated to the different centers under the pluralist model of democracy.

Read this sentence from the text:

The ground had a light dusting of white sand over an under layer of dried black mud. It looked like a recently frosted chocolate cake, though the frosting was spread a bit thin for my taste.

Which of the following best explains the phrase like a recently frosted chocolate cake?

The dark mud showed through the light white sand.
The dark mud was spongy like a warm, fresh cake.
The dark mud had a sweet quality like frosting.
The dark mud held their footsteps like frosting would.

Answers

Answer:

A, the dark mud showed through the light white sand

Explanation:

The dark mud represents the "chocolate cake" and the white sand represents the "thin layer of frosting." If it's not right let me know because I'm still taking the test...

Answer:

The dark mud showed through the light white sand.

Explanation:

Why might some people be opposed to the use of biotechnology?
A) It can lead to the development of resistant microorganisms.
B) It can lead to competition between modified and native organisms.
C) It can lead to the production of toxic materials.
D) All of the above

Answers

Answer: D) All of the above

Explanation:

Biotechnology has come a long way in the last 2 decades and has brought quite some good. But with that good came from bad as well as the potential for bad.

One of those is that in finding new ways to improve on biological processes, biotechnology could create resistant microorganisms that will affect humanity adversely until stronger medication is introduced.

Modified organisms will also compete with native organisms for dominance and will probably win due to enhancements which will affect the ecosystem. Toxic materials could also be produced and introduced into human food supply which would be very harmful.  

Answer: D

Explanation:

got it right on edge

5. Describe how ice-albedo feedback causes global warming.

Answers

Explanation:

Ice-albedo input is a thermal properties feedback mechanism in which the albedo and ground climate of a globe are changed by a changes in the world of polar icecaps, glaciers, and ice sheets and ice covers. Warming continues to reduce arctic ice and thus reduce the albedo, raising the amount of heat radiation consumed and contributing to further warming.

what was london's drinking water was contaminated with?

Answers

i don’t know lol but it has high levels of calcium and magnesium which can cause limescale
London's water is hard, meaning it has a high level of calcium and magnesium compounds, causing limescale.

100 POINTS TO THE RIGHT ANSWER !!!!!!
Describe two ways how Akbar’s governing techniques is similar to the Ottomans’ governing techniques.
NO SILLY ANSWER AND DO NOT COPY FROM GOOGLE!!!!!!

Answers

Answer:

In the Mughal Empire, Akbar the Great, who was leader at the time, ruled India with wisdom and tolerance. Being a Muslim himself, he allowed people of other religions to practice their own faiths. Although the success of their military techniques was the main role in the growth of both empires, the Ottomans focused more on the use of gunpowder.

Explanation:

Why might the king and queen of spain be using the pope or the name of god to introduce themselves and try to take over the americas

Answers

Answer:

Becuase then they will either 1, try to spread christanity or 2, since the americas is christaion, then they will sound more friendly to them.

“Fort Ross, located about 90 miles north of San Francisco, marked the southern-most limit of Russian territory in North America. It was founded in 1812 by the Russian-American Company as an agricultural colony to feed Russian fur trappers in Alaska. With a population of 250 at its peak, Fort Ross was actually the central hub for a number of even smaller outposts as far south as Bodega Bay and the Farallon Islands, located 40 miles north and 18 miles west of San Francisco, respectively. The Russians dismantled the colony in 1841. But Mexico was still worried about the threat of Russian expansion in their land, so they invited Anglo-American settlers to California as a buffer against Russian expansion from Alaska. The Mexican government also considered inviting Chinese colonists and Irish famine refugees to California.” Source: The Mental Floss History of the United States by Erik Sass
Does this information support or refute the view that American dominance then annexation of California was in the best long term interests of the North America. Explain your reasoning.

Answers

Answer:

Yes, it supports that view because Mexico which is a country in North America did not want Russia, a European country to dominate North America. Therefore, they encouraged the American annexation of California.

Explanation:

The excerpt says that the Russians already had Fort Ross in their possession and that they were expanding as seen in their other smaller outpost which extended far into the Farallon Islands. The population was also increasing as the territory expanded. The Mexicans who are North Americans wanted to protect the territory from Russian domination.

For that reason, they encouraged the Anglo-Americans to move into California. So, this annexation of California was actually in the best long term interests of North America.

Difference between monopoly and monopolistic competition

Answers

Answer:

monopolistic competition is when an industry has many firms offering products that are similar but not identical. unlike a monopoly, these firms have little power to set curtail supply or raise prices to increase profit. Monopolies dictate over a specific thing so they are the only thing that is selling.

Explanation:

google & known knowledge

Draw and label the Earth, moon, and sun system with regards to the tides. Provide one drawing depicting the two potential orientations for Spring tides and the two potential orientations for Neap tides. Then, describe in words what will happen to the tidal range during Spring and Neap tides.
I will literally give you all my points but I really need help with this one

Answers

Answer:

Explanation:

molm;l;'

Answer is i don t really know dawg

What are the different options and sizes for the computer mouse?

Answers

I don t know the options bc i m using the largest one xd:

Why is an electrical outlet called an outlet when you plug things into it? Shouldn’t it be called an inlet?

Answers

Answer: Because that LETS the electrical power OUT

A job placement agency helps match job seekers with potential employers. The agency would like to design a simulation in order to help predict the likely job placement outcomes for job seekers based on historical trends and patterns. Which of the following is most likely to be a benefit of the simulation?

A. The computer simulation will be able to include more details and complexity than the real-world job placement process.
B. The computer simulation could be used to test hypotheses about patterns in the job placement process that are costly or time consuming to observe in reality.
C. The computer simulation will be able to precisely predict the real-world outcomes for each job seeker.
D. The computer simulation will remove the bias that may arise in the real-world job placement process.

Answers

Answer:

B

Explanation:

The computer simulation could be used to test hypotheses about patterns in the job placement process that are costly or time consuming to observe in reality.

What was Brahe’s dilemma?


Ap euro

Answers

Answer:

Tycho Brahe nose

Explanation:

Learning This

Answer:

Barney is a dinosaur from our imagination

And when he's tall

He's what we call a dinosaur sensation

Barney's friends are big and small

They come from lots of places

After school they meet to play

And sing with happy faces

Barney shows us lots of things

Like how to play pretend

ABC's, and 123's

And how to be a friend

Barney comes to play with us

Whenever we may need him

Barney can be your friend too

If you just make-believe him!

Step-by-step explanation:

Explanation:

In Marketing, Which of the following is the number of leads compared to number of sales?


sales ratio

conversion ratio

lead ratio

customer ratio

Answers

Answer:

Conversion ratio

Explanation:

The conversion rate shall be the amount of converts divided by the number of tourists. For eg, if the business  platform gets 100 visits and has 50 purchases, the conversion will be 50 divide by 100 or 50 per cent.

When we pretend to listen, nodding our heads and keeping eye contact with the
speaker, we are engaging in what poor listening habit?
Pseudolistening
Gap filling
Defensive listening
Selective listening

Answers

Answer:

Pseudolistening

Explanation:

Pseudolistening is a type of listening and it consists of giving attention to another person while actually ignoring and avoiding. As the word pseudo means not real, this type of listening is a type of multitasking. This type of listening affects communication between couples and can be also expressed through phone calls and emails.

This is a wave. What two senses use waves?

Answers

The two sense that uses waves is hearing and vision(or sight)

Which model is a concordance model?

A.
the big bang theory

B.
the dark energy model

C.
the steady state model

D.
the Lambda-CDM model

Answers

ANSWER:

D.

EXPLANATION:

The ΛCDM or Lambda-CDM model is a parametrization of the Big Bang cosmological model in which the universe contains three major components: first, a cosmological constant denoted by Lambda and associated with dark energy; second, the postulated cold dark matter; and third, ordinary matter.

Answer:

D. the Lambda-CDM model

Explanation:

Plato

WHAT ARE THE TWO BASIC LIFE INSURANCES? * A.CASH-VALUE LIFE, WHOLE LIFE
B.CASH-VALUE LIFE, TERM LIFE
C.TERM LIFE, D.WHOLE LIFE
D. NONE OF THE ABOVE​

Answers

Answer:

c

Explanation:

Answer:

c

Explanation:

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