Author Question: Which of the following is a characteristic or focus of economics? A) allocation of limited ... (Read 28 times)

ss2343 · **on:** Jun 29, 2018

Which of the following is a characteristic or focus of economics?

A) allocation of limited resources in an effort to satisfy potentially unlimited wants
B) decision making
C) empirical analysis
D) all of the above

Question 2

Some Internet companies like Amazon reduce the transaction costs of many purchases by

A) providing misleading information about the quality of products.
B) providing information about products and firms that supply those products.
C) advertising sales at local discount stores.
D) paying its employees low wages.