The Three Questions of Economics Answers

Which part of Suarez Farms represents the capital invested in the business?

Based on what you have read about Suarez Farms, what are the costs and benefits of growing organic vegetables? Check all that apply.Growing organic vegetables takes less time, which will keep costs lower.Growing organic vegetables helps improve the health of soil, allowing for a healthier crop.Growing organic vegetables may limit the resources available for new farm equipment. Growing organic vegetables requires more land, limiting how much can be grown.Growing organic vegetables is more expensive than traditional methods.

Based on what you have read, provide two positives and two negatives the Suarez family would face if they switched to organic farming.

Based on what you read in the fact sheet, identify the type of customer the company is hoping to reach.Super-Phonic Systems wants to sell phones to customers who:

Based on what you have read, provide three reasons why Super-Phonic decided to make a specific type of phone in a specific way.

Which part of Suarez Farms represents the capital invested in the business?

Based on what you have read about Suarez Farms, what are the costs and benefits of growing organic vegetables? Check all that apply.Growing organic vegetables takes less time, which will keep costs lower.Growing organic vegetables helps improve the health of soil, allowing for a healthier crop.Growing organic vegetables may limit the resources available for new farm equipment. Growing organic vegetables requires more land, limiting how much can be grown.Growing organic vegetables is more expensive than traditional methods.

Based on what you read in the fact sheet, identify the type of customer the company is hoping to reach.Super-Phonic Systems wants to sell phones to customers who:

Use the drop-down menus to complete each sentence. Suarez Farms and Super-Phonic Systems had some difficult decisions about what to make, who to make it for, and how to make it. Each business first had to think about the kind ofor service it wanted to provide before considering if it was the best fit for. Finally, the companies had to take theirwants and needs into consideration. In making their decisions, both companies had to remember the factors of production: land or natural resources,, and capital.

Which pros and cons did you include? Check all that apply.

Which reasons did you include in your response? Check all that apply.

the countrytheir workersthe market

Which reasons did you include in your response? Check all that apply.

country'scustomers'workers'

profitlaborregulations

economy profitproduct

Use the drop-down menus to complete each sentence.