Question

Which of these statements accurately describe economics? Check all that apply. Economics is the study of how goods and services are made and sold. The principle of scarcity is a driving force of economic decisions. Services are things like groceries, cars, and office buildings. Government regulations rarely influence economic decisions. Producers and consumers interact to influence the economy.

Answer 1

Answer:

- Economics is the study of how goods and services are made and sold.  

-The principle of scarcity is a driving force of economic decisions.

-Producers and consumers interact to influence the economy.

Explanation:

Goods and services are produced through natural resources, which are mostly scarce. In this way, economic theory aims to rationalize the production and distribution of these goods and services to satisfy the demands of society.

For a good to be produced, it is necessary that this be useful, in this way, there will be demand. When there is demand, there will be a stimulus to the supply of that good or service. Thus, the interaction between supply and demand influences and determines the goods that will be produced and their price.

Answer 2

Economics is the study of how goods and services are made and sold.
The principle of scarcity is a driving force of economic decisions.
Producers and consumers interact to influence the economy.