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Author Question: Economics is best defined as the study of how a. individuals decide to use scarce resources in an ... (Read 121 times)

drink

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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


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asdfasdf

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


drink

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

gcook

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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