Chapter 1, Problem 9AA

To determine

To find the correct option that satisfies the sentence.

Answer to Problem 9AA

Different societies might utilize the same resources in different ways.

Explanation of Solution

Economics is the study of human behavior which focuses on the judicious use of scarce resources to fulfill the unlimited wants of the people.

There is a scarcity of resources in every society. So, people should focus on judicious use of resources. Now, every society has many options to use a resource.

For instance, a dairy farm can use milk for direct consumption, or for making cheese, or for making sweets.

So, they have to analyze in which way they have to make use of milk.