This topic contains a solution. Click here to go to the answer

Author Question: Economics is best defined as the science of choice and how people cope with A) differences in ... (Read 92 times)

fox

  • Hero Member
  • *****
  • Posts: 540
Economics is best defined as the science of choice and how people cope with
 
  A) differences in wants.
  B) differences in needs.
  C) scarcity.
  D) different economic systems.

Question 2

Moving upward along the short-run aggregate supply curve results in a ________ in the price level and ________ in real GDP.
 
  A) rise; an increase
  B) rise; a decrease
  C) fall; an increase
  D) fall; a decrease



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lolol

  • Sr. Member
  • ****
  • Posts: 330
Answer to Question 1

C

Answer to Question 2

A




fox

  • Member
  • Posts: 540
Reply 2 on: Jun 29, 2018
Wow, this really help


  • Member
  • Posts:
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

For a complete list of videos, visit our video library