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Nimfa-mama [501]
3 years ago
8

The study of how individuals, institutions, and society make choices under the conditions of scarcity is

Social Studies
2 answers:
mina [271]3 years ago
8 0

The correct answer to this open question is the following.

The study of how individuals, institutions, and society make choices under the conditions of scarcity is "Economics."

Individuals want to satisfy material wants but resources are limited. Economics is the science that studies the way people in society decide to use limited resources. So it is important to understand concepts such as scarcity, opportunity costs, and choices because help us to make decisions in our daily lives and business. It also helps us to understand the way the economy of the country.

miv72 [106K]3 years ago
3 0
Economics is the study of how individuals, institutions, and society make choices under the conditions of scarcity is.
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Provide a summary of some important details from the Monroe Doctrine.
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Is fake news dangerous to a democratic society?
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A jury pool consists of 6 men and w women. If 2 jurors are selected from the pool at random, is the probability that 2 men will
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Answer:

Yes, it is higher if w ≥ 3.

Explanation:

Given,

Number of men = 6,

Number of women = w,

Ways of choosing 2 men = C(6,2),

There can be two cases,

Case 1 :

If w ≥ 3,

Then the number of ways of choosing 1 men and 1 women > Ways of choosing two men,

So, the probability of choosing 1 men and 1 women is greater than that of choosing two men,

For eg : If w = 8,

^8C_1\times ^6C_1>^6C_2

\implies \frac{^8C_1\times ^6C_1}{^{14}C_2}>\frac{^6C_2}{^{14}C_2}

Similarly if w = 3,

\implies \frac{^3C_1\times ^6C_1}{^{14}C_2}>\frac{^6C_2}{^{14}C_2}

Case 2 :

If 0 < w < 3,

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eg :

\frac{^2C_1\times ^6C_2}{^{14}C_2}

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