Question

Economics is the study of how people try to satisfy unlimited wants and needs with limited resources.

Question 6 options:
True
False

Answer 1

Economics is the social science that studies how people use scarce resources to satisfy unlimited needs and wants.

so yes the answer is true

Step-by-step explanation:

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Answer 2

Answer: The correct answer is : True

Explanation: Economics focuses on the study of how people use limited resources to meet unlimited needs and desires. Economic decisions are made by people who compete for profits that are based on offers and demands. The economy studies how to manage available resources.