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 117 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
:D TYSM

duy1981999

  • Member
  • Posts: 341
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Groundwater Resources Groundwater Resources
Leonardo da Vinci, Study of a Woman's Head or of the Angel of the Vergine delle Rocce. Leonardo da Vinci, Study of a Woman's Head or of the Angel of the Vergine delle Rocce.
According to Kohlberg’s theory, only a few individuals, such as Martin Luther King, Jr. (left) and ... According to Kohlberg’s theory, only a few individuals, such as Martin Luther King, Jr. (left) and ...
Landscape ecologists study broad geographical patterns Landscape ecologists study broad geographical patterns
Everytime Im trying to study Check Me! Check Me! Everytime Im trying to study Check Me! Check Me!
Manhattan plots resulting from a genome-wide association study of seven common human disease Manhattan plots resulting from a genome-wide association study of seven common human disease
Video: Cardiac Cycle (Part 3 of 4)

For a complete list of videos, visit our video library