Decide whether the following statements are True or False Economics is a science because it uses principles of anthropology, sociology and psychology. Most individuals are satisfied with what they have and do not strive for more goods and services. The amount of resources available for consumption is limited.
Decide whether the following statements are True or False Economics is a science because it uses principles of anthropology, sociology and psychology. Most individuals are satisfied with what they have and do not strive for more goods and services. The amount of resources available for consumption is limited.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Decide whether the following statements are True or False
Economics is a science because it uses principles of anthropology, sociology
and psychology.
Most individuals are satisfied with what they have and do not strive for
more goods and services.
The amount of resources available for consumption is limited.
The subject of economics is to teach individuals how to consume less.
Societies have to make choices because resources are scarce.
Economists try to find out how to satisfy society's wants in the best possible
way.
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