Economics is best defined as the study of: A. How society manages its scarce resources B. How to run a business profitably C. How to predict stock market prices D. How to make money
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- what is the significance of economics. Explain in details.What is important of studying economics? Give two good examples how the knowledge can help you in your daily routines.Economics is best defined as the study ofa. how society manages its scarce resources.b. how to run a business most profitably.c. how to predict inflation, unemployment, andstock prices.d. how the government can stop the harm fromunchecked self-interest.
- Find the attached file.What is economics? A social science that teaches one how to cope with scarcity. A discipline that quantifies the values of assets. A quantitative science to analyze business cycles. A science that teaches firms and individuals how to maximize profits.Economics is defined as the study of: Select one: Oa. central planning O b. government regulation c. how society manages its scarce resources Od.business
- Microeconomics is the study of Select one: a. how the economy as a whole works O b. how government make decisions Oc. how government affects the economy d. how individual households and firms make decisionsWrite a summary of the fundamental concepts of economics.The fundamental reason to study economics is to study ____. how choices are made how production is determined how countries trade with each other how finances are determined