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I’m trying to learn for my Economics class and I’m stuck. Can you help?
Question 1
The study of economics involves which of the following?
studying government policies as they relate to globalization
studying how people relate to each other racially
studying how people try to satisfy their unlimited wants with limited resources
studying the impact of humans on the environment
2 points
Question 2
Which of the following would an economist say motivates a woman who sews purses and sells them to the public?
satisfaction
self-interest
absolute advantage
monetary policy
2 points
Question 3
While shopping you discover that your favorite department store has lowered the price on a new video game that you wanted to buy. However, after looking through the store you find that they are completely sold out. This scenario illustrates the concept of
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