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

Author Question: Economics is best defined as the study of how a. individuals decide to use scarce resources in an ... (Read 133 times)

drink

  • Hero Member
  • *****
  • Posts: 554
on: Jul 1, 2018
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
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


drink

  • Member
  • Posts: 554
Reply 2 on: Jul 1, 2018
Gracias!

FergA

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Excellent

« previous next »
 

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.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Some red squirrels adopt the offspring of related individuals, a likely example of kin selection pro Some red squirrels adopt the offspring of related individuals, a likely example of kin selection pro
Two behavioral paradigms that are used extensively in the study of the neural mechanisms of ... Two behavioral paradigms that are used extensively in the study of the neural mechanisms of ...
economics economics
Economics question Economics question
Economics question Economics question
Economics question Economics question
Video: Cytotoxic T cell receptors, activation, proliferation, differentiation & action

For a complete list of videos, visit our video library