Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 1 - Part I - Ten Principles of Economics - Quick Check Multiple Choice - Page 17: 1

Answer

A - how society manages its scarce resources

Work Step by Step

Economics is the study of societies using scarce resources to produce products and distribute among people. According to this definition, goods are scarce and society must use its resources efficiently.
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