A)how government policies solve the three coordination problems.
B)how societies develop institutions to distribute limited resources.
C)how human beings coordinate their wants and desires given a society's decision-making mechanisms, social customs, and political realities.
D)the factors that produce perceived scarcity and how such scarcity can be reduced.
2006-09-17 18:19:40 · 4 answers · asked by derek 2 in Education & Reference ➔ Homework Help
Economics is mainly concerned with the production, consumption and distribution of goods and services. With empirical and econometric tools economists attempt to analyse and predict how individuals and groups satisfy their needs through incentives, choices and allocation of scarce resources. With this definition in mind, answer C) comes closest.
2006-09-17 18:41:37 · answer #1 · answered by I didn't do it! 6 · 0⤊ 0⤋
B
economics is a SOCIAL science
the scientific method can be applied but its NOT empirical, like chemistry or biology
2006-09-17 18:28:48 · answer #2 · answered by mike c 5 · 1⤊ 0⤋
D
2006-09-17 18:27:45 · answer #3 · answered by ricodiva 2 · 0⤊ 1⤋
c.
2006-09-17 18:28:17 · answer #4 · answered by monkey 5 · 1⤊ 0⤋