economia

Páginas: 2 (429 palabras) Publicado: 22 de agosto de 2013
Economics.
What kinds of questions does economics address?
How the money works, the relation that exist between how much does an individual spend and the money that an individual receive, the waythat a country dived the resources, what is the amount of money that is given to education, war and innovation.
 What are the principles of how people make decisions? 
People respond to IncentivesThe cost of something is what you give up to get it the cost of opportunities
People face tradeoffs (efficacy vs. equality)
Rational people think at the margin.
What are the principles of howpeople interact?
These principles are about negotiation and business.
Trade can make everyone better off the ability to change good for other ones and give a good service.

Markets are a good wayto organize economy.

Governments can improve markets outcome (sometimes)

What are the principles of how the economy as a whole works? 

A country’s standard of living depends on its ability toproduce goods and services, if a country has good services and is able to produce a lot of goods the population should have a good way of standard living.

A country’s standard of living depends onits ability to produce goods and services.

Prices rise when the government prints too much money.

Society faces a short-run tradeoff between inflation and unemployment.

How people decide whatto buy, how much to work, save, and spend?

It is very important the amount of income that and individual receives, and you have to know how much do you spend in something and if you really needthat stuff, and realize that the most important is the basic needs, we does not have to spend all our money you can keep it and then spend it in something else.

How firms decide how much to produce,how many workers to hire?

In companies it is all about production how many “x” stuff does they have produce and starting about that how many people they need, and the time that they will spend...
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