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the primary goal of economic activities is to

a. expand the production of goods and services

b. equalize the distribution of consumer income and wealth

c. make the most efficient use of scarce productive resources

d. reallocate resources from consumption to production in the economy.Ā 

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Darryn D'Souza
Darryn D'SouzaLv10
8 Sep 2020
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Related questions

Which of the following results from having scarce economic resources?
Ā 
a) The production of limited goods and services.
b) Poverty and unequal distribution of wealth.
c) The production of unlimited goods and services.
d) Deflation.
e) Inflation
Economics is a social science concerned with
A. the best use of scarce resources to achieve the maximum satisfaction of economic wants.
B. increasing the level of productive resources so there is a minimum level of income.
C. increasing the level of productive resources so there is maximum output in the society.
D. the best use of scarce resources paid for at the minimum level of cost to consumers and businesses.

Economics is the study of:

a.) The efficient use of scarce resources paid for at the minimum level of cost to consumers and businesses.

b.) How people, institutions, and society make choices under conditions of scarcity.

c.) Increasing the level of productive resources so there is a minimum level of income.

d.) Increasing the level of productive resources so there is maximum output in society.

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