1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SIZIF [17.4K]
3 years ago
7

Economics is the social science concerned with the efficient use of scarce resources to achieve the maximum satisfaction of econ

omic wants. True or False
Business
1 answer:
Katena32 [7]3 years ago
4 0

Answer: True

Explanation:

Economics is the study of how decisions are made by humans when they're faced with scarcity of resources. It is concerned with how the resources that are in the economy will be efficiently used.

Therefore, the statement that "Economics is the social science concerned with the efficient use of scarce resources to achieve the maximum satisfaction of economic wants" is true

You might be interested in
Select the correct answers.
Thepotemich [5.8K]

Answer:

the correct answers are,

  1. safety
  2. liquidity

Explanation:

saving money does not include much risk and is not affected by market volatility and prices. Most of the time, the savings' are guaranteed by the banks and governments through various securities.

Also, money in savings are easy to get back for your use!

3 0
3 years ago
Read 2 more answers
Assume that the marginal propensity to consume is 0.8 and that potential output is $800 billion. If real GDP is $850 billion, to
kari74 [83]

The following policies would bring the economy to potential output is Decrease government spending by $10 billion.

<h3>What is Marginal Propensity?</h3>

The "Marginal Propensity" to consume is defined as calculate quantification of money that consumers are ready to spend.

The term "Marginal propensity" to consume is term used in economics. It measures monetary value which consumer is willing to spend to buy goods and services instead of saving it.

The "Marginal Propensity" to consume tends to increase economic activities of country by keeping cash flowing and by not keeping it stagnant. It also helps in increasing trade value and quality and cost of products because it increases healthy competition among companies and in which consumers are ultimately benefitted.

Therefore , we can conclude that the correct option is C.

Learn more about Marginal propensity on:

brainly.com/question/17930875

#SPJ4

7 0
2 years ago
Read the sentence.
kow [346]

Answer:I think its 4

Explanation:

4 0
3 years ago
Read 2 more answers
Refining estimates may be necessary for a number of reasons. For example, people working on prototype development needing time t
puteri [66]

Answer:

Normal conditions not applying.

Explanation:

Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service. Generally, projects are considered to be temporary because they usually have a start-time and an end-time to complete, execute or implement the project plan.

The fundamentals of Project Management includes;

1. Project initiation

2. Project planning

3. Project execution

4. Monitoring and controlling of the project

5. Adapting and closure of project.

Refining estimates may be necessary for a number of reasons. For example, people working on prototype development needing time to interact with the design engineers after the design is completed is a good example of normal conditions not applying because it follows the discretion of the manager or team involved.

5 0
2 years ago
Complete the sentences to describe two different ways to rearrange slides in PowerPoint.
zimovet [89]

Answer:

In normal view, go to the slide deck.

Then, click and drag a slide thumbnail to a new position.

Or, in Slide Sorter View, drag and drop slides to a new location in the presentation.

7 0
2 years ago
Other questions:
  • Castle Company provides estimates for its uncollectible accounts. The allowance for uncollectible accounts had a credit balance
    6·1 answer
  • If a check correctly written and paid by the bank for $408 is incorrectly recorded on the company's books for $480, the appropri
    14·1 answer
  • At one time there were many farm cooperatives, but more recently other forms of business ownership have replaced them. True
    8·1 answer
  • A bond has a standard deviation of 10.7 percent and an average rate of return of 6.4 percent. What is the coefficient of variati
    13·1 answer
  • When the price of butter was "low," consumers spent $5 billion annually on its consumption. When the price doubled consumer expe
    5·1 answer
  • Mogul Company ships merchandise to Ski Outfit in a consignment arrangement. The arrangement specifies that Ski Outfit will attem
    10·1 answer
  • Coal Train Mines paid $435000 for the right to extract ore from a 225000​-ton mineral deposit. In addition to the purchase​ pric
    15·1 answer
  • There is deep relation between work and thinking​
    6·1 answer
  • total fixed costs for diamong enterprises are $700,000. Total costs, including both fixed and variable, are $920,000 if 140,000
    9·1 answer
  • After conducting a market research study, Ed Manufacturing decided to produce a new interior door to complement its exterior doo
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!