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9 June, 13:16

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Basic Principles of Economics

Which of these statements accurately describe economics? Check all that apply.

Economics is the study of how goods and services are made and sold.

The principle of scarcity is a driving force of economic decisions

Services are things like groceries, cars, and office buildings

Government regulations rarely influence economic decisions

Producers and consumers interact to influence the economy

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Answers (2)
  1. 9 June, 16:15
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    We use textbooks for a reason
  2. 9 June, 16:56
    0
    Economics is the study of how goods and services are made and sold.

    Explanation:

    literally in the textbook
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