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

[object Object],[object Object]

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]

[object Object]

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

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Economics In Everyday LIfe

1. ECONOMICS CONCEPTS IN EVERYDAY LIFE

2. Use Economic Concepts to explain the following questions.

3.

4.

5.

6.

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

8.

9.

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

11.

12.

13.

14.

15.

16.

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

18.

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

20.

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

22.

23.

24.

25.

26.

27.