Economists regard decision making as important because:
A. The resources required to satisfy our unlimited wants and needs are finite or scarce.
B. It is crucial to understand how we can best allocate our scarce resources to satisfy society’s unlimited wants and needs.
C. Resources have alternative uses.
D. All of the above.
Answer:D
Economists regard decision making as important because:
A. The resources required to satisfy our unlimited wants and needs are finite or scarce. B. It is crucial to understand how we can best allocate our scarce resources to satisfy society’s unlimited wants and needs. C. Resources have alternative uses. D. All of the above.