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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

The Evolution of Economies

Choose a study mode

Podcast

Questions and Answers

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

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

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

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

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

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