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

Author Question: Economics a. studies human behavior when scarcity exists and choices must be made b. provides the ... (Read 108 times)

@Brianna17

  • Hero Member
  • *****
  • Posts: 550
on: Jul 1, 2018
Economics
 a. studies human behavior when scarcity exists and choices must be made
  b. provides the only reasonable explanation of how people make decisions
  c. can accurately explain all human behavior since it is based on the assumption of rationality
  d. is better at showing the way things ought to be than the other social sciences are
  e. is the only social science that can explain the existence and behavior of public institutions

Question 2

Michigan has an abundant supply of fresh water. However, an economist would consider it a scarce resource because
 a. water is necessary for humans' physical survival
  b. pollution will eventually destroy all life in the Great Lakes
  c. water is limited relative to people's unlimited wants
  d. water commands a very high price
  e. nature can destroy water as well as create it


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kalskdjl1212

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

C


@Brianna17

  • Hero Member
  • *****
  • Posts: 550
Reply #2 on: Jul 1, 2018
Correct answers!


kalskdjl1212

  • Sr. Member
  • ****
  • Posts: 353
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Globular protein structures are compact and varied. Human serum albumin Globular protein structures are compact and varied. Human serum albumin
Human Heart Model Human Heart Model
Human Back Muscles Human Back Muscles
Economics question Economics question
Pattern of retinal stimulation in the human eye Pattern of retinal stimulation in the human eye
Distribution of Fluids in a Human Body Distribution of Fluids in a Human Body
Video: Brain Anatomy Animation (Part 1 of 2)

For a complete list of videos, visit our video library