Question: 1. Give two examples of someone being a consumer. Explain why the role of a consumer is important in an economic system. 2. Give two

1.Give two examples of someone being a consumer. Explain why the role of a consumer is important in an economic system.

2.Give two examples of someone being a producer. Explain why the role of a producer is important in an economic system.

3.Explain how the government can be both a consumer and a producer. Give two concrete examples for each case.

4.Choose a product that you are interested in buying. List three criteria for the type you will choose and two ways the producer's decisions might influence you.

5.Suppose you are the producer of this product. Name and explain two factors you will consider when making and selling your product to influence consumers.

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