What Is Economics The Study Of How Society Manages Its?

What Is Economics The Study Of How Society Manages Its? Economics is the study of how society manages its. unlimited wants and limited resources. What is the study of how a society manages its scarce resources? Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different

Which Of The Following Describes A Developing Nation?

Which Of The Following Describes A Developing Nation? The answer is A. A command economy with a low Human Development Index. A developing country, also called a less developed country or an underdeveloped country, is a nation or a sovereign state with a less developed industrial base and a low Human Development Index (HDI) relative

What Activities Did People Do During The Great Depression?

What Activities Did People Do During The Great Depression? Watching Dance Marathons Where Contestants Danced Till They Dropped. … Venturing into Haunted Houses. … Lining Up to See People Sitting on Poles. … Gaping at Students Swallowing Goldfish. … Seeing High-Tech Hollywood Movies. … Building Soap Box Cars and Racing Them. What did some people

What Is The Purpose Of Economy By Henry David Thoreau?

What Is The Purpose Of Economy By Henry David Thoreau? His aim is to combine the toughness of primitive life with the intellectualness of civilization. By paring his life down to the essentials, Thoreau seeks to free himself from the excesses of society. What does economy mean to Thoreau? In Walden, by “economy,” Thoreau means

Which Of The Following Economic Indicators Would Be Most Useful For Figuring Out How Healthy?

Which Of The Following Economic Indicators Would Be Most Useful For Figuring Out How Healthy? The most comprehensive measure of overall economic performance is gross domestic product or GDP, which measures the “output” or total market value of goods and services produced in the domestic economy during a particular time period. What are the indicators

When A Government Decides What Goods And Services Will Be Produced?

When A Government Decides What Goods And Services Will Be Produced? A command economy is an economic system in which the government, or the central planner, determines what goods and services should be produced, the supply that should be produced, and the price of goods and services. When a government decides what goods and services

Why Is The US A Mixed Economy?

Why Is The US A Mixed Economy? The United States is said to have a mixed economy because privately owned businesses and government both play important roles. … In addition, Americans generally believe that an economy characterized by private ownership is likely to operate more efficiently than one with substantial government ownership. Why do we