The Study of How Society Manages Its Scarce Resources Is

question 7

Multiple Choice

The study of how society manages its scarce resources is most closely associated with which field of study?

• A)environmental studies
• B)economics
• C)management
• D)accounting

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Definitions:

Quota Sampling

A sampling method where the sample is chosen to reflect the characteristics of the whole population in certain proportions.

Percentage Points

Percentage points represent the absolute difference between percentages, clarifying changes in percentage rates rather than relative changes.

Level Of Confidence

A statistic that quantifies the degree of certainty or trust in a sampling method’s estimate of the population parameter.

Stratified Random Sampling

A sampling method that involves dividing a population into smaller groups, or strata, and randomly selecting participants from each stratum.