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The Evolution of Economies
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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?

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

    • In the time-starved 1990s, what do parents do with regards to making birthday cakes?

  • They order cakes from the bakery or grocery store
  • They outsource the entire event to businesses (correct)
  • They still make the birthday cake from scratch
  • They pay Betty Crocker for premixed ingredients

    • Which economic stage is represented by parents making birthday cakes from scratch using farm commodities?

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

    • What is the cost difference between ordering cakes from the bakery or grocery store and making them from scratch?

    <p>Making cakes from scratch is cheaper</p> Signup and view all the answers

    Which one of these businesses is mentioned as an example of outsourcing the entire event?

    <p>Chuck E. Cheese's</p> Signup and view all the answers

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