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How resources are used is determined by people's _____ . a. choices b. retail c. costs d. regulations

2 Answers

2 votes
I’m not so sure but I’m gonna go with a. Choices
answered
User Mikus
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9.0k points
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The correct answer is A.

The whole economic science is based on the fact that resources are scarce, and on how economic agent (households, business and public sector) need to decide how to allocate them to produce goods and services that will be used to satisfy their needs and desires. Allocations are determined by agent's choices, who interact in the markets, aiming to obtain the greatest benefit for themselves.

answered
User Patrick Gidich
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