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Alex73 [517]
3 years ago
11

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

rces. c. unlimited wants and unlimited resources. d. limited wants and limited resources.
Social Studies
1 answer:
tekilochka [14]3 years ago
6 0

Answer:

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.

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Being made president the three cuts i would mare would be in the following areas, taxes, Government spending and cut unnecessary ministries or departments.  

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The second big cut I would make would be in government spending, or more specifically reducing or cutting the salaries of career politicians by 30% to 40%. This is becasue the government with is the largest spender of capital in any given country while being the lowest producer of capital and it is unsustainable to maintain large political salaries. With this cut it would not only alleviate the tax payer, but also free up remaining funds for health and educaiton.

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These are the three be cuts I would make as President.


8 0
3 years ago
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