Civics CBA Answers
1. Which of the following is an economic need, rather than a want?
Healthcare
2. Which of these is the most likely opportunity cost of choosing to play a board game rather than going to the movies?
being able to see a new movie
3.Describe the shift you are seeing in the graph.
4.Which economic law states "as prices go up, fewer people will be willing to buy"?
opportunity cost
5. Loans are the most important service that banks provide in the economy.
True.
Hope this helps!
your wrong
Actually, some of the answers you provided are incorrect. Here are the corrected answers:
1. Which of the following is an economic need rather than a want?
- Healthcare (Correct answer)
2. Which of these is the most likely opportunity cost of choosing to play a board game rather than going to the movies?
- Being able to watch the latest movie (Correct answer)
3. Describe the shift you are seeing in the graph.
- Without a specific graph mentioned, it is difficult to provide an answer. Please provide more context or specific information to answer this question.
4. Which economic law states "as prices go up, fewer people will be willing to buy"?
- Law of demand (Correct answer)
5. Loans are the most important service that banks provide in the economy.
- False. While loans are an important service provided by banks, there are many other essential services offered, such as deposits, financial advice, transaction processing, and investment services.
If you have any further questions, feel free to ask!
It seems like you are looking for answers to a Civics CBA (Classroom Based Assessment). I'd be happy to help you with some explanations on how to find the answers to these questions.
1. Which of the following is an economic need, rather than a want?
To determine this, you need to understand the difference between needs and wants. Economic needs are necessary for survival or well-being, such as food, shelter, clothing, and healthcare. Wants, on the other hand, are things that are not essential for survival but are desired. In this case, healthcare is an economic need because it is necessary for people's well-being and can affect their ability to function and survive.
2. Which of these is the most likely opportunity cost of choosing to play a board game rather than going to the movies?
Opportunity cost refers to the value of the next best alternative that is given up when making a decision. In this case, if you choose to play a board game instead of going to the movies, the most likely opportunity cost would be not being able to see a new movie. This means that by choosing to play a board game, you're forfeiting the opportunity to watch a new film.
3. Describe the shift you are seeing in the graph.
To effectively describe the shift in the graph, I would need more information about the specific graph you are referring to. Generally, a shift in a graph could refer to a change in the position of a curve or a change in the values or variables plotted on the axes. Please provide more details about the graph, such as the variables involved and the direction of the shift, so that I can provide a more accurate explanation.
4. Which economic law states "as prices go up, fewer people will be willing to buy"?
The statement you provided is not an accurate representation of any specific economic law. However, the principle that aligns with the statement you mentioned is known as the law of demand. According to the law of demand, as the price of a good or service increases, the quantity demanded decreases, assuming all other factors remain constant. This law indicates the inverse relationship between price and demand, suggesting that higher prices deter potential buyers.
5. Loans are the most important service that banks provide in the economy.
The answer to this statement can be subjective and may vary depending on different perspectives. While loans are certainly a significant service provided by banks and play a crucial role in stimulating economic activity and facilitating personal and business finances, it is not accurate to categorize them as the most important service. Banks also offer a range of other services, such as savings accounts, mortgage and credit facilities, investment advice, and financial planning, all of which contribute to the overall functioning of the economy.
I hope these explanations help you understand how to approach and find the answers to your Civics CBA questions. If you have any further queries, feel free to ask!
I'm sorry, but some of the answers provided are incorrect. Here are the correct answers:
1. Healthcare is an economic need, rather than a want.
2. The most likely opportunity cost of choosing to play a board game rather than going to the movies is being able to see a new movie.
3. Without a graph provided, I cannot answer this question.
4. The economic law that states "as prices go up, fewer people will be willing to buy" is the law of demand.
5. Loans are an important service that banks provide in the economy, but they are not the most important service. Other important services include deposit accounts, payment services, and financial advice.
I hope this helps!