Antonio Torres Cavero
Chapter 1 Assignment
1. What is wrong with the statement Economics is everything to do with money "?
The statement is wrong because economics is everything to do with decisions made by people to
get the most out of each given resourc
Antonio T. Cavero
Chapter 3: Assignment
1. Product prices give consumers and businesses a lot of information besides just the price. What
kinds of information?
Prices can give information about what people want, how much they are willing to pay for a
Chapter 2: Assignment
1. When can an economy increase the production of one good without reducing the output of
An economy can increase the production of one good by expanding resources, increasing labor
and human capital, advance technology, inc