The Evolution of Economies
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Questions and Answers

Which stage of economic progress is represented by parents ordering cakes from the bakery or grocery store?

  • Goods-based industrial economy
  • Experience economy
  • Agrarian economy
  • Service economy (correct)

In the time-starved 1990s, parents neither make the birthday cake nor even throw the party. Instead, they spend $100 or more to 'outsource' the entire event to which businesses?

  • The Mining Company
  • Betty Crocker
  • Discovery Zone
  • Chuck E. Cheese's (correct)

Which stage of economic progress is represented by mothers making birthday cakes from scratch using farm commodities?

  • Service economy
  • Goods-based industrial economy
  • Experience economy
  • Agrarian economy (correct)

In which stage of economic progress did moms pay a dollar or two to Betty Crocker for premixed ingredients?

<p>Goods-based industrial economy (A)</p> Signup and view all the answers

What is the cost difference between ordering cakes from the bakery or grocery store and using premixed ingredients in the goods-based industrial economy?

<p>Using premixed ingredients is more expensive (D)</p> Signup and view all the answers

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