The Field of Economics in Which the Tools of Economics

question 118

Short Answer

The field of economics in which the tools of economics are used to understand the functioning of government is

---

Definitions:

Delivery Truck

A vehicle specifically designed and used for transporting goods from one location to another.

Undepreciated Cost

The original cost of an asset minus any accumulated depreciation.

Market Strategy

An organization's plan that combines all of its marketing goals into a comprehensive plan, focusing on the ideal product mix to achieve maximum profit potential.

Straight-Line Method

A method of calculating depreciation or amortization by evenly dividing the asset’s cost over its useful life.