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JAELYNN WINTERS
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What is the basic concern of economics?
the basic concern of economics is to study the choices people make
What is the primary objective of economics?
to study hw people make choices with limited resources
The study of the choices people make in an effort to satisfy their wants and needs is called?
economics
Which subjects studies the choices people make in an effort to satisfy their wants and needs?
Economics.
Fundamental problem of economics implies?
People must make choices among competing alternatives
What is the basic concern of economics?
the basic concern of economics is to study the choices people make
Which subjects studies the choices people make in an effort to satisfy their wants and needs?
Economics.
What is the primary objective of economics?
to study hw people make choices with limited resources
The study of the choices people make in an effort to satisfy their wants and needs is called?
economics
Fundamental problem of economics implies?
People must make choices among competing alternatives
What is scarcity how does it affect the way people make ecomomic choices?
Scarcity is the limited availability of a resource. It affects the way people make economics choices by increasing the price and likely the demand of the resource.
Select the items below that descive rational behavior in economics?
It is a key assumption used in the study of economics and the choices that people make in pursuit of satisfaction.
What is the study of how people seek to satisfy their needs and wants by making choices?
Economics
Why do you think that economics is often said be the science that studies choices?
Limited resources make choices necessary.
What are the approaches of studying economics?
First off, getting to know how people, firms, governments and banks make choices when it comes to scarcity.
Economics is defined as a study of the?
choices made by people faced with scarcity
Every day in economics people make important choices among the many things they want or need based on which of these?
all of thesefrom f.b.
