Explain why the role of a consumer is important in an economic system, and give two examples of someone playing the role of consumer
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2.1.3 Practice: Playing Your Part
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Practice Assignment
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U.S. and Global Economics (S3855100)
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Anayeli Cancino
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Points possible: 30
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Date: ____________
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Answer the following questions based on what you have learned about the roles of consumers and producers.
1. Explain why the role of a consumer is important in an economic system, and give two examples of someone playing the role of consumer. (10 points)
Explanation:
Example:
Example:
2. Describe the role played by the producers in an economic system, and give two examples of someone being a producer. (10 points)
Description:
Example:
Example:
3. Explain how the government is both a consumer and a producer and give one example of the government playing each role. (10 points)
Government is a consumer because:
Example:
Government is a producer because:
Example:
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