Economics is:
a. concerned with the problem of scarce resources combined with unlimited wants.
b. the study of how to make money in the stock market.
c. highly theoretical and has little practical application.
d. primarily concerned with day-to-day business decision making.
e. a decision making process involving individuals and firms rather than governments.
a
Economics
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An improvement in production technology will:
A. increase equilibrium price. B. shift the supply curve to the left. C. shift the supply curve to the right. D. shift the demand curve to the left.
Economics
Using Figure 3 above the distance between what 2 lines illustrate a recessionary expenditure gap?
A. Y1 to Y2 B. PAE1 to PAE2 C. PAE2 to PAE3 D. Y2 to Y3
Economics