« previous next »

Author Question: Which one of the following is the most accurate definition of economics? a. Economics is the study ... (Read 117 times)

nramada

  • Hero Member
  • *****
  • Posts: 580
on: Jun 30, 2018
Which one of the following is the most accurate definition of economics?
 a. Economics is the study of stocks and bonds.
  b. Economics is the study of how people allocate unlimited resources.
  c. Economics is the study of how consumers choose to spend their income.
  d. Economics is the study of how society chooses to allocate scarce resources.

Question 2

Economics is the study of how people:
 a. vote for political leaders who decide what is to be produced.
  b. make choices to produce and consume goods and services.
  c. establish social institutions that maximize well-being.
  d. develop value systems that affect their consumption choices.


harveenkau8139

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

nramada

  • Hero Member
  • *****
  • Posts: 580
Reply #2 on: Jun 30, 2018
Correct answers!


harveenkau8139

  • Sr. Member
  • ****
  • Posts: 304
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Flipper tags have been extensively used in the study of penguin population dynamics. Flipper tags have been extensively used in the study of penguin population dynamics.
Biology deals with the study of the many varieties of living organisms. Biology deals with the study of the many varieties of living organisms.
Using a microscope to study the human body Using a microscope to study the human body
The Definition of Intelligence The Definition of Intelligence
Sensitivity study for facial difference Sensitivity study for facial difference
Barenboim's study show the change in children's descriptions of their peers Barenboim's study show the change in children's descriptions of their peers
Video: Type of Transport - Active and Passive Processes

For a complete list of videos, visit our video library