1.How do resources and technology affect a country’s production possibilities? 2.Consider the centrally planned economy of the Soviet Union or China. Choose one and explain how its experience shows the problems with a centrally planned economy. 3.Why was the New Hampshire state legislature unable to take control of Dartmouth College? 4.A company has a monopoly on a glue used in TVs and phones. The company can make as much of the glue as it wants. It chooses to make less glue than it is able. Why?
1.How do resources and technology affect a country’s production possibilities? 2.Consider the centrally planned economy of the Soviet Union or China. Choose one and explain how its experience shows the problems with a centrally planned economy. 3.Why was the New Hampshire state legislature unable to take control of Dartmouth College? 4.A company has a monopoly on a glue used in TVs and phones. The company can make as much of the glue as it wants. It chooses to make less glue than it is able. Why? 5.Describe how developed countries differ from developing countries in regard to city population and infrastructure. 6. Elena is looking for an apartment. The fact that Elena misses two days of work at the supermarket to visit several different apartments available for rent is an example of her _________ costs @Lena772
@Lena772
1. They effect the production rate by either increasing it or decreasing it depending on if they are available or not.
These are really opinion based/research questions. Google them individually and I'm sure that will help, because that's what I'd do for you anyway.
ok would you just do the last one?
I think opportunity costs? bBut hold on
did you get that ?
no I couldn't find anything on it u.u
im pretty positive it's that.
good luck on the assignment! hope i helped. :)
thank youuuu so much!! Glad I got to meet you! I owe you big time!
don't worry about it. write me a testimony if you want. then we'll be even :)
okk yayy:D
@Lena772 would you just check my answers to see if maybe its adequate?
If you still need me to :)
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