Economics is a social science concerned with the proper u...
Economics is a social science concerned with the proper use and_____
Production of goods and services
Distribution of wealth
Allocation of resources for growth
Creation of utility
Correct answer is C
Economics study scarcity because the resources are limited. Also, it helps to study how resources are allocated or used up by the government, firm and individual.
Commercial banks settle their inter-bank indebtedness through ...
Double counting is a problem in computing national income when using the ...
One benefit a country can derive from the extraction of crude oil is increase in ...
When two variables are positively related, the graph of the relationship ...
In an open economy, the GNP is measured as ...
The value of money is affected by ...
The bowed shape of the Production possibilities curve illustrates _________ ...
The basic purpose of imposing legal reserve requirements on commercial bank is to ...