Economics is best defined as the study of: financial decision-making. how consum

Question

Economics is best defined as the study of: financial decision-making. how consumers make purchasing decisions. choices made by people faced with scarcity. inflation, unemployment, and economic growth. Economics is the study of: how to invest in the stock market. how society uses limited resources. the role of money in markets. how government officials decide which goods and ser Scarcity can best be defined as a situation in which: there are no buyers willing to purchase what seller there are not enough goods to satisfy all of the buy resources are limited in quantity and can be used there is more than enough money to satisfy cons Because resources are limited: only the very wealthy can get everything the firms will be forced out of business. availability of goods will be limited but

Explanation / Answer

1) Economics is best defines as the study of = inflation, unemployment and economic growth.

2) Economics is the study of = how government officials decide which goods and services are to be produced. By the way, option =

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