Answer:
c. best utilization of scarce resources
Explanation:
Economics is the study of how society uses its scarce resources to meet the insatiable needs of its members. Resources are the inputs that a county uses to produce goods and services. They are the four factors of production.
Human needs are unlimited and cannot be satisfied with the available scarce resources, necessitating human beings to make choices. Economics will involve analyzing production decisions amidst limited resources. It also analyses how the goods produced are distributed to satisfy the different needs and wants of its members.
Answer:
vertical marketing system
Explanation:
Based on the scenario being described within the question it can be said that this scenario represents the first phase of a vertical marketing system. This is a cooperative system of business, in which members work together in order to correctly promote efficient manufacturing and product delivery to the customers, to meet customer needs.
Answer:
<em>Surveys and questionnaires allow you to collect data efficiently and economically from groups of people.</em>
Explanation:
<em>Surveys are research often used to assess opinions, thoughts, and feelings of people towards a subject area or environment. it can either be limited or specific or they also can have more widespread goal which can be global.</em>
<em>Questionnaires is a set of questions written or printed with answer choices , devised for the purposes of a statistical study or survey.</em>
The money multiplier formula tells us the ratio of increase or decrease in the money supply that banks should generate corresponding to each dollar of reserves. This also tells the maximum amount the money supply could increase based on an increase in reserves within the banking system. The answer to this item is letter C.
