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

Author Question: Economics is best defined as the study of how a. individuals decide to use scarce resources in an ... (Read 82 times)

drink

  • Hero Member
  • *****
  • Posts: 554
on: Jul 1, 2018
Economics is best defined as the study of how
 a. individuals decide to use scarce resources in an attempt to satisfy their unlimited wants
  b. to make money
  c. the government should deal with unemployment and inflation
  d. to eliminate the problem of scarce resources
  e. to run a business

Question 2

Some individuals or families can become completely saturated with a service such as television. This suggests that
 a. wants are limited
  b. desires for a single commodity can be satisfied but then the focus will switch to other goods and services
  c. a highly productive economy may someday be able to satisfy all human desires
  d. resources are not truly fixed in supply as we generally assume
  e. scarcity does not exist


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

asdfasdf

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


drink

  • Member
  • Posts: 554
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Examples of Scenarios Involving Nonmoral, Impersonal Moral, and Personal Moral Judgments from the St Examples of Scenarios Involving Nonmoral, Impersonal Moral, and Personal Moral Judgments from the St
Study Force Courses Study Force Courses
economics economics
Sensitivity study for facial difference Sensitivity study for facial difference
Seattle Longitudinal Study Seattle Longitudinal Study
Economics question Economics question
Video: The Vestibular System

For a complete list of videos, visit our video library