economy

Question 1

reddito in english

Answer 1

income

Question 2

microeconomics

Answer 2

the study of how consumers,workers and firms interact to generate outcomes in specific markets

Question 3

azienda in english

Answer 3

firms

Question 4

macroeconomis

Answer 4

the study of production,employment,prices, and policies on a nationwide scaledd

Question 5

incentives

Answer 5

a set of external (rather than intrinsic) motivators that explain people’s choices

Question 6

Scarcity

Answer 6

the tension between infinite want and finite resources:people have unlmitided want but limited resources.

Question 7

opportunity cost

Answer 7

whatever you give up to do something

Question 8

PPF

Answer 8

Production possibilities frontie

Question 9

Invisible Hand

Answer 9

the unintetended social benefits resulting from individuals actions

Question 10

merce in english

Answer 10

goods

Question 11

price signals

Answer 11

the information that markets generate to guide the distribution of resources

Question 12

richiesta in english

Answer 12

demand

Question 13

fornitura in english

Answer 13

supply

Question 14

eccedenza in english, and what does that mean

Answer 14

surplus, surplus is when a price of a product is very high so: the supplyier (fornitore) is incentivazed to produce more that product, but the consumers are not gonna want to buy it

Question 15

carenza in english ,and what does that mean

Answer 15

shortage, shortage is when a price is very low so: the supplyier (fornitore) is not incentivazed to produce more, but the consumers are gonna want to buy it