Economics Is Concerned with Using Scarce Productive Resources Efficiently in Attempting

question 13

Multiple Choice

Economics is concerned with using scarce productive resources efficiently in attempting to satisfy society's material wants.This statement is:

• A)positive, but incorrect.
• B)positive and correct.
• C)normative, but incorrect.
• D)normative and correct.

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Definitions:

Thoughtfully

In a way that is considerate, reflective, or showing careful consideration.

Fixations

An obsessive interest or feeling towards a particular object or subject.

Reader

An individual who reads or an electronic device designed for reading texts, such as an e-book reader.

Text

Written or printed words regarded as forming a piece of literature, document, or other pieces of written material.