Economics In Everyday LIfe

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ECONOMICS CONCEPTS IN EVERYDAY LIFE

Use Economic Concepts to explain the following questions.

QUESTION 1 ,[object Object]

ANSWER ,[object Object],[object Object]

QUESTION 2 ,[object Object]

POSSIBLE ANSWERS ,[object Object],[object Object]

Why are gas tanks on the driver’s side of some cars but on the passenger’s side of others? Question 4

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Why do many fast food restaurants promise a free meal if you are not given a receipt at the time? purchase? Question 5

ANSWER ,[object Object],[object Object]

QUESTION 6 ,[object Object]

ANSWER ,[object Object],[object Object]

QUESTION 7 ,[object Object],[object Object]

QUESTION 8 ,[object Object],[object Object]

ANSWER Gas is much more expensive in Europe due to higher gas taxes. Europe’s gas is up to 2X as expensive as the US Toyota’s new car

QUESTION 9 Why are child safety seats required in cars but not in airplanes?

ANSWER ,[object Object],[object Object],[object Object]

QUESTION 10 Why does an accident in the northbound lanes of traffic cause a traffic jam in the southbound lanes?

ANSWER ,[object Object],[object Object],[object Object]

QUESTION 11 ,[object Object]

ANSWER ,[object Object],[object Object],[object Object]

QUESTION 11 ,[object Object]

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1. ECONOMICS CONCEPTS IN EVERYDAY LIFE

2. Use Economic Concepts to explain the following questions.

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6.

7. Why are gas tanks on the driver’s side of some cars but on the passenger’s side of others? Question 4

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10. Why do many fast food restaurants promise a free meal if you are not given a receipt at the time? purchase? Question 5

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17. ANSWER Gas is much more expensive in Europe due to higher gas taxes. Europe’s gas is up to 2X as expensive as the US Toyota’s new car

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19. QUESTION 9 Why are child safety seats required in cars but not in airplanes?

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21. QUESTION 10 Why does an accident in the northbound lanes of traffic cause a traffic jam in the southbound lanes?

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