This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Economics a. studies human behavior when scarcity exists and choices must be made b. provides the ... (Read 118 times)

@Brianna17

  • Hero Member
  • *****
  • Posts: 550
on: Jul 1, 2018
Economics
 a. studies human behavior when scarcity exists and choices must be made
  b. provides the only reasonable explanation of how people make decisions
  c. can accurately explain all human behavior since it is based on the assumption of rationality
  d. is better at showing the way things ought to be than the other social sciences are
  e. is the only social science that can explain the existence and behavior of public institutions

Question 2

Michigan has an abundant supply of fresh water. However, an economist would consider it a scarce resource because
 a. water is necessary for humans' physical survival
  b. pollution will eventually destroy all life in the Great Lakes
  c. water is limited relative to people's unlimited wants
  d. water commands a very high price
  e. nature can destroy water as well as create it


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kalskdjl1212

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

C


@Brianna17

  • Hero Member
  • *****
  • Posts: 550
Reply #2 on: Jul 1, 2018
Correct answers!


kalskdjl1212

  • Sr. Member
  • ****
  • Posts: 353
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

The human birth process as an example of positive feedback. The human birth process as an example of positive feedback.
The fibers in silk cloth and in a spider web are made up of the protein fibroin The fibers in silk cloth and in a spider web are made up of the protein fibroin
Structure of a Sterol Rather than being made from fatty acids Structure of a Sterol Rather than being made from fatty acids
Contemporary Organizational Behavior: From Ideas to Action Contemporary Organizational Behavior: From Ideas to Action
A systems biology model of human disease gene interactions A systems biology model of human disease gene interactions
Instinctive behavior Instinctive behavior
Video: Lipid catabolism - lipolysis and beta oxidation and oxidation of fatty acids

For a complete list of videos, visit our video library