<span>The process of identifying central ideas and details and arranging them in the right sequence is known as outlining.</span>
Answer:
2. social science concerned with how individuals, institutions, and society make optimal choices under conditions of scarcity.
Explanation:
Economics is defined as a study of how a society uses its limited resources. It deals with consumption, distribution, and production of goods and services.
Economics tries to find ways that unlimited wants can be satisfied with limited resources. Theories postulated are focused on how to optimally use scarce resources for production of goods and services, how am individual or organisation can maximise it's utility of a product.
Answer:
Long run aggregate supply (LRAS) is a theoretical concept and refers to the output that an economy can produce when using all its factors of production, and hence when operating at full employment. Graphically, it is a vertical curve indicating that, in the long run, output is not affected by changes in the price level.
Answer:
E
Explanation:
Internal secondary data is found inside a organization, while external secondary data is information collected and sotred by some person or organization outside the organization. A index raking report is made by some person outside the organization itself, and makes a report to be more objective.
1. The country has entered a period of economic growth, but prices are rising too rapidly. To stabilize prices, the Federal Reserve decides to decrease the federal funds rate. The answer is the first choice.
