Social Studies Economy and Cultural background

Is a system used to distribute resources to meet people's want and needs...

• Macroeconomy

• Microeconomy

• Scarcity

• Economy

What is economics?

What is the difference between microeconomics and macroeconomics?

People only spend money in their needs.

• True

• False

Import is the limita amount of goods and services that are available

• True

• False

Companies use advertasing to try to influence the choice consumers make and to get People to buy What they are selling.

• True

• False

How does consumers make economics decisions? WRITE a full answer

Why do we need to save money?

Why is important to use a budget?

• to spend more money

• to use your money wisely

• to put It into a bank

How does goverment collects money?

Answer explanation

Goverment requieres money to operate. The goverment use taxes to purchases goods and services they need to run the country