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Author Question: Economics is the study of how people eliminate scarcity. Do you agree or disagree? Why? What will ... (Read 131 times)

washai

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on: Jun 29, 2018
Economics is the study of how people eliminate scarcity. Do you agree or disagree? Why?
 
  What will be an ideal response?

Question 2

An example of third parties in the market of automobiles is
 
  A) a pedestrian that is affected by the polluted air from automobiles.
  B) a producer of automobiles.
  C) a consumer of automobiles.
  D) None of the above belongs to third parties.


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blakcmamba

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Disagree. Economics is the study of how people make choices because of scarcity. Scarcity cannot be eliminated because people do not ever have enough of everything to satisfy their every desire. Scarcity is a fact of life for both rich and poor.

Answer to Question 2

A


washai

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Reply #2 on: Jun 29, 2018
Correct answers!


blakcmamba

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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