Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN: 9780078747663
Author: McGraw-Hill
Publisher: Glencoe/McGraw-Hill School Pub Co
Question
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Chapter 1, Problem 7AA
To determine

To find the correct option that satisfies the sentence.

Expert Solution & Answer
Check Mark

Answer to Problem 7AA

Studying how people use limited resources to fulfill their unlimited wants is the focus of economics.

Explanation of Solution

Economics is the study of human behavior which focuses on the judicious use of scarce resources to fulfill the unlimited wants of the people.

The main focus of studying economics is analyzing the wants of consumers which are unlimited. This brings the theories of utilization of resources provided by the nature.

Hence, studying how people use limited resources to fulfill their unlimited wants is the focus of economics.

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Chapter 1, Problem 8AA

Chapter 1 Solutions

Economics Today and Tomorrow, Student Edition

Ch. 1.1 - Prob. 1RCh. 1.1 - Prob. 2RCh. 1.1 - Prob. 3RCh. 1.1 - Prob. 5RCh. 1.2 - Prob. 1RCh. 1.2 - Prob. 2RCh. 1.2 - Prob. 3RCh. 1.2 - Prob. 4RCh. 1.2 - Prob. 5RCh. 1.3 - Prob. 1R
Ch. 1.3 - Prob. 2RCh. 1.3 - Prob. 3RCh. 1.3 - Prob. 4RCh. 1.3 - Prob. 5RCh. 1 - Prob. 1AACh. 1 - Prob. 2AACh. 1 - Prob. 3AACh. 1 - Prob. 4AACh. 1 - Prob. 5AACh. 1 - Prob. 6AACh. 1 - Prob. 7AACh. 1 - Prob. 8AACh. 1 - Prob. 9AACh. 1 - Prob. 10AACh. 1 - Prob. 11AACh. 1 - Prob. 12AACh. 1 - Prob. 13AACh. 1 - Prob. 14AACh. 1 - Prob. 15AACh. 1 - Prob. 16AACh. 1 - Prob. 17AACh. 1 - Prob. 18AACh. 1 - Prob. 19AACh. 1 - Prob. 20AACh. 1 - Prob. 21AACh. 1 - Prob. 22AACh. 1 - Prob. 23AACh. 1 - Prob. 25AA

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