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Economics decisions involve doing what with resources to produce goods and services for people to consume?
Allocating
What else can I help you with?
Economic decisions involve doing what with resources to produce goods and services for people to consume?
Allocating
What are the reasons why you study economics?
So you can understand how the economy's work.
What is the best definition of economics and why should we choose it?
Economics is the study of how individuals, businesses, and governments make choices to allocate resources. It helps us understand how societies produce, distribute, and consume goods and services. We should choose to study economics because it provides valuable insights into how the world works and helps us make informed decisions about resource allocation and policy-making.
What do economic decision involves with resources to produce goods and services for people to consume?
Allocating
Why do different countries consume different amounts of renewable and nonrenewable resources?
They consume different amounts of renewable and nonrenewable resources because there countries are different and because they don't have the same renewable and nonrenewable resources
How much of the worlds energy resources does the us consume?
22%
People consume particular goods or use particular services because the goods or services have?
utility
Developed nations use how much of the world's resources?
20 percent of the population consume 75 percent of the worlds resources
Which statement describes an expansion?
People and businesses consume more products and services.
A system that produces more goods and services than citizens can consume?
A.Economy of abundance
Decisions to consume are made at the margin what does this statement mean?
We decide to buy one more of something, not all of a good or service.
Why must the government go to business firms to buy resources for production?
Governments do not produce, they consume. However they have to deal with business to acquire the resources they need to operate.
