MIDE

Who is the founder of MIDE museum?

“El banco de México”

What is sustainable development?

Refers to a mode of human development in which resource use aims to meet human needs while ensuring the sustainability of natural systems and the environment.

What is the real value of things?

When a product becomes more abundant, its value relative to other goods and services tends to increase.

Whats is shortage?

Is a term describing a disparity between the amount demanded for a product or service and the amount supplied in a market.

Examples: In the former Soviet Unios during the 1980s, prices were artificially low by fiat.

1973 oil crisis, during which long lines and rationing were used to control demand.

Prohibition, which resulted in the creation of a black market for liquor.

What are needs and desires?

Need is something that keeps you working. It is something that will allow you to continue throughout the world, without fear of end because of yourslef.

Desire is something that when you sense it, you find you want it. You feel that it will cause your pleasure.

What is production?

Is the act of creating outpout, a good or service which has value and contributes to the utility of individuals.

What are the 3 production factors?

Land: referring to the natura resources we can obtain form them as well as building premises.

Labor: workers that are employed.

Capital: referring to buildings such as factories, machinery and equipment used in the production process.

What are offer and demand?

Is an economic modelof Price determinaion in a market. It concludes that un a competitive market, the unit price for a particular good will very until it settles at a point where the quantity demanded by consumers (at a current price) will equal the quantity supplied by producers, resulting in an economic equilibrium for price and quantity.

Give an example of exchange: My community need food and other community needs clothes so we exchange to survive.

What are some of the benefits of living in a society?

There is a reason why humans started formin societis. They did it for their protecting, to be with their friends and family, and they were also brought toguether by whats they believe.

Who makes the bills in Mexico?

The “Banco de México” through the “Casa de Moneda”

Mention some of the security elements of bills: Touch sensitive reliefs, wáter mark, 3D thread, bicolor butterfly.

What was the first bill made in Mexico?

This paper money appeared un 1813 in San Miguel el grande, Guanajuato, represente by strange orange cardboard pieces under the name of the real men.

What is inflation?

Is a rise in the feneral level of prices of goods and sefvises in an ecnomu over a period of time.

What us INPC?

Is an economic indicator that is published on the 10th of

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