Ask Question
Social StudiesSocial Studies
4 November, 00:21

Economics is the study of how society manages its a. limited wants and unlimited resources. b. unlimited wants and limited resources. c. unlimited wants and unlimited resources. d. limited wants and limited resources.

+4
Answers (1)
  1. 4 November, 02:23
    0
    b. unlimited wants and limited resources.

    Explanation:

    There are different definitions of economics. Some say it's a science that studies the production, distribution and consumption of good and services. Another definition refers to the theories and models that govern the market process. But definitely, economics must strike a balance between a society's wants - that may be unlimited - and the limited resources available.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Economics is the study of how society manages its a. limited wants and unlimited resources. b. unlimited wants and limited resources. c. ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What could english women colonists not do after they got married?
Answers (1)
Josephine's parents divorced when she was five years old. By the time she was eight, both her parents had remarried and she had two stepsiblings on her father's side and a half-brother on her mother's side.
Answers (1)
Which of the following is a reason men communicate? a. to share emotions b. to accomplish a task c. to entertain an audience d. to share judgements of those around them
Answers (1)
What can you conclude about Kush based on its location? A. It was a trading center. B. It was a center for the arts. C. It had a king as a leader. D. It had a large population.
Answers (1)
Paris, London, New York, and Tokyo are all significant because
Answers (2)
New Questions in Social Studies
Who is the prophet of social justice: who is the prophet of the one true god: who is the prophet of the new covenant: who is the prophet of repentance: who is the prophet of hope: who is the prophet of the messiah:
Answers (1)
Which of the following is not true of groups? A. Their members identify with one another. B. People may measure their conduct against them. C. They may impose conformity on members. D. Members never seek to exclude nonmembers.
Answers (1)
When grandparents seldom see their grandchildren, your text calls it a?
Answers (1)
School age children a. are just bigger preschoolers b. Have needs that are qualitatively different from those of younger children c. require
Answers (1)
At the start of the 21st century in Britain, Germany, and Russia, the basic economic questions of what, how, and for whom to produce were answered by
Answers (1)
Home » Social Studies » Economics is the study of how society manages its a. limited wants and unlimited resources. b. unlimited wants and limited resources. c. unlimited wants and unlimited resources. d. limited wants and limited resources.
Sign Up Forgot Password?