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madreJ [45]
3 years ago
12

Economics is the social science concerned with the best use of scarce resources to achieve maximum satisfaction of economic want

s.
True / False.
Social Studies
1 answer:
slavikrds [6]3 years ago
3 0

Answer:

The given statement is true.

Explanation:

Economics is defined as the science of utilization of scarce resources so that the collective needs of the society are fulfilled to the most extent resulting in the most efficient use of the resources.

Since in the world many resources are limited thus we need to use them in the most efficient way so that all the collective needs of the society are fulfilled so that each individual of the society gets his/her fair share of the resources and thus society progresses as a whole with the utilization of these resources.

In advance economic studies economics can be differentiated into macroeconomics and microeconomics each have their individual roles in understanding transfer of goods and services.

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Answer:

1. f

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4 0
3 years ago
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Answer: August 15, 1947

Independence Day in India occurs on August 15 of every year. It celebrates the date in 1947 when the Indian Independence Act came into effect, which established India and Pakistan as separate countries, no longer under British imperialist rule.

Explanation:

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4 0
3 years ago
Higgins (1995) found that students in which kind of high school were more advanced in moral reasoning?
Greeley [361]

Moral reasoning is the subdivision of psychology which involves the fundamental philosophy of moralities and integrities. Youngsters show moral reasoning skills at early adolescent age.

It’s a process by which a person can discriminate what is right and what is wrong. It can occur within one’s own self or between the individuals. It promotes healthy relationship when adhered to.

According to Higgins students from urban high school showcased a high moral reasoning as they were exposed to education from a very little age and they know to distinguish between what is good and what is not good.

8 0
3 years ago
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Why were there disagreements regarding the peace treaties with Latin American countries?
pentagon [3]

Answer:

South America's predominant democratic regimes and its increasing interdependence on regional trade have not precluded the emergence of militarized crises between Colombia and Venezuela or the revival of boundary claims between Chile and Peru. This way, how can we characterize a zone that, in spite of its flourishing democracy and dense economic ties, remain involved in territorial disputes for whose resolution the use of force has not yet been discarded? This article contends that existing classifications of zones of peace are not adequate to explain this unusual coexistence. Thus, its main purpose is to develop a new analytical category of regional peace for assessing this phenomenon: the hybrid peace. It aims to research the evolution of security systems in South America during the previous century and build a new, threefold classification of peace zones: negative peace zones, hybrid peace zones, and positive peace zones.

Explanation:

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3 years ago
Which country has a former policy of isolationism but eventually modernized during the Meiji Restoration
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