Ask Question
BusinessBusiness
3 May, 17:53

The study of economics is important because it enables us to

a. describe our standard of living.

b. increase our consumption of consumer goods.

c. become better decision makers.

d. determine what goods ought to be produced.

+2
Answers (1)
  1. 3 May, 18:22
    0
    Answer: Become better decision makers.

    Explanation:

    The study of economics enables an individual to make better decisions. Economics teaches that resources available are scarce to meet all man's needs, therefore a scale of preference has to be drawn to determine the most pressing needs that must be met.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The study of economics is important because it enables us to a. describe our standard of living. b. increase our consumption of consumer ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A company produces 400 microwave ovens per month, each of which includes one electrical circuit. the company currently manufactures the circuit inminushouse but is considering outsourcing the circuits at a contract cost of $ 28 each.
Answers (1)
Which of the following goods and services is scarce in a developed economy?
Answers (1)
What happens when the quantity of goods is higher than demand?
Answers (1)
If your company uses a nonprice competition strategy, what should you focus on? A. Lowering prices B. Differentiation C. Creating direct competitors D. The public sector
Answers (2)
On Michigan state waters, which power-driven vessels are required to carry a whistle on board?
Answers (1)
New Questions in Business
The first phase of a comprehensive project risk assessment should be: To develop reasonable estimates of the impacts on the project of both the identified risks and the proposed solutions.
Answers (1)
A gift that might otherwise be viewed as a future interest in a trust can be treated as a present interest gift if:
Answers (1)
Curtain Co. paid dividends of $10,000; $12,500; and $14,000 during Year 1, Year 2, and Year 3, respectively. The company had 2,100 shares of 5.5%, $100 par value preferred stock outstanding that paid a cumulative dividend.
Answers (1)
Describe how legal contracts provide incentives for people to exchange goods and services
Answers (1)
List four wan technologies that are carried over the pstn.
Answers (1)
Home » Business » The study of economics is important because it enables us to a. describe our standard of living. b. increase our consumption of consumer goods. c. become better decision makers. d. determine what goods ought to be produced.
Sign Up Forgot Password?