ec
Pataasin ang iyong marka sa homework at exams ngayon gamit ang Quizwiz!
is the study of how individuals and societies allocate scarce resources among many competing uses and how this decision-making affects the economy at large. (Enter one word in the blank.)
Economics
The comparison of the scarcity of one good, service, or resource to that of another is called "_________ scarcity." (Enter just one word in the blank.)
Relative
the subject of economics can be divided into two main categories _______ and ______
micro and macro
The term "scarcity" describes the fact that people's ______ wants cannot be completely satisfied with ______ resources.
unlimited; limited