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

Author Question: Economics is best defined as the study of how a. individuals decide to use scarce resources in an ... (Read 119 times)

drink

  • Hero Member
  • *****
  • Posts: 554
Economics is best defined as the study of how
 a. individuals decide to use scarce resources in an attempt to satisfy their unlimited wants
  b. to make money
  c. the government should deal with unemployment and inflation
  d. to eliminate the problem of scarce resources
  e. to run a business

Question 2

Some individuals or families can become completely saturated with a service such as television. This suggests that
 a. wants are limited
  b. desires for a single commodity can be satisfied but then the focus will switch to other goods and services
  c. a highly productive economy may someday be able to satisfy all human desires
  d. resources are not truly fixed in supply as we generally assume
  e. scarcity does not exist



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

asdfasdf

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

A

Answer to Question 2

B




drink

  • Member
  • Posts: 554
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


triiciiaa

  • Member
  • Posts: 349
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

For a complete list of videos, visit our video library