QUESTION IMAGE
Question
economics is the study of allocating ____________ to satisfy an unlimited amount of wants and needs. scarce resources infinite money mechanical energy interest rates
Economics deals with the allocation of resources that are scarce in nature to meet unlimited human wants and needs. Infinite money does not exist in reality, mechanical energy is a concept in physics, and interest - rates are a part of financial and economic analysis but not what is being allocated in the general definition of economics.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
scarce resources