help in homework

New User?

Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / Which of the following is correct? a) The word economy comes from the Greek word for "rational thinker

Which of the following is correct? a) The word economy comes from the Greek word for "rational thinker

Business

Which of the following is correct?

a) The word economy comes from the Greek word for "rational thinker."

b) Economists study the management of scarce resources.

c) Because economists believe that people pursue their best interests, they are not interested in how people interact.

d) All of the above are correct.

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

Answer: B

The point of an economy to allocate scarce resources and that is what economists are studying. Economists do believe that people peruse their best interest but they do care how people interact since it affects markets outcomes through supply/demand. The word economy comes from the Greek word "household management" too and thus only B is correct.

Sitejabber (5.0)

BBC (5.0)

Trustpilot (4.9)

Google (5.0)

Related Questions