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What is land in economics terms?
In economics, land comprises all naturally occurring resources whose supply is inherently fixed
Which of these statement is false Economics is anout conserving scarce resources Economics is about the use of scarce resources?
Economics doesn't truly care about the conservation of scarce resources, it only cares about how those scarce resources are used. The statement 'Economics is about conserving scare resources' is false.
What is the study of how society manages its scarce resources?
Economics
Who coined the terms Micro Economics and Macro Economics?
Ranger Frisch coined these two terms in 1933.
Economics is about the allocation of resources for the production and distribution of goods?
Economics is about the allocation of resources for the production and distribution of goods and ___________.
What is land in economics terms?
In economics, land comprises all naturally occurring resources whose supply is inherently fixed
Which of these statement is false Economics is anout conserving scarce resources Economics is about the use of scarce resources?
Economics doesn't truly care about the conservation of scarce resources, it only cares about how those scarce resources are used. The statement 'Economics is about conserving scare resources' is false.
What is economics according to Marshall?
economics is the how to choose the resources using talent people their talent and resources
What is the study of how society manages its scarce resources?
Economics
Who coined the terms Micro Economics and Macro Economics?
Ranger Frisch coined these two terms in 1933.
Economics is about the allocation of resources for the production and distribution of goods?
Economics is about the allocation of resources for the production and distribution of goods and ___________.
The terms micro economics and macro economics were coined by?
Ragner Frisch.
What Economics is about allocating resources to produce and distribute?
Economics is about the allocation of resources for the production and distribution of goods and _services_
How does the study of economics depend upon the phenomenon of scarcity?
Economics is the study of how society manages its scarce resources therefore, the study of economics is only important because of the scarcity of resources. Higenyi
How can you use economics in a real life situation?
Economics is all about real life situations. All resources are limited and economics is simply about making decisions to use those resources efficiently.
What are the three types of resources of economics and why?
what are the 3 types of economic resources
What best explains why resources needs to be allocated in the game of economics?
Resources are not
