Economics is BEST defined as the study of how
A) to classify resources used to produce final goods and services.
B) resources are apportioned to satisfy human wants.
C) people make rational decisions.
D) technology can be used to change scarce resources into free resources.
Correct Answer:
Verified
Q246: Which scenario can occur when specialization in
Q247: There would be no economic problems in
Q248: Pie charts
A) depict two variables to see
Q249: Positive questions are questions about how things
Q250: The decisions made by individuals and firms
Q252: Which statement is a key idea in
Q253: It is impossible to have a conflict
Q254: The assumption that people will act in
Q255: Macroeconomics focuses on decisions made for the
Q256: (Figure: Graph Interpretation) In the graph, the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents