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Author Question: Which of the following is the best definition of economics? a. Economics is the study of how to ... (Read 147 times)

joesmith1212

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Which of the following is the best definition of economics?
 a. Economics is the study of how to manage corporations to generate the greatest return on shareholder investment.
  b. Economics is the study of how to manage city and country government to generate the greatest good to its citizens.
  c. Economics is the study of how society chooses to allocate its scarce resources.
  d. Economics is the study of how to track revenues and costs within a business.

Question 2

Labor resources:
 a. include only physical activities.
  b. are only counted as a resource if used in the production of other resources.
  c. include only skilled labor.
  d. include both physical and mental activities.
  e. include human effort involved in the production of goods, but not services.



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meganlapinski

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Answer to Question 1

c

Answer to Question 2

d




joesmith1212

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Reply 2 on: Jun 30, 2018
Wow, this really help


komodo7

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Reply 3 on: Yesterday
Gracias!

 

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