explain the basic problems of the economy?
Give an example of your experience in making decision on choices and indicate the opportunity cost
Are the following statements positive or normative?
A rise in average temperatures will increase the demand for sun screen products.
The goverment is rigth to introduce a ban on smoking in public places.
The goverment should increase the minimum wage to 350 baht per day to reduce poverty
Hight interes rates will reduce demand for houses.
pollution is the most serious economic problem
unemployment is more harmful than inflation
give an example of a business, e.g, coffee shop, and a minimart, and specify the following factors of production
Type of business
Land
Labor
capital
Entrepreneurship