A common question in economics.
Via Scoop.it – Teaching Economics
Labels: econ help A typical question asked of students in the beginning of an economics class, deals with what types of questions the science of economics attempts to answer. The trick here is to remember that economics is the science of resource allocation, and that this is important because of scarcity. Scarcity means that we cannot fulfill our unlimited wants and desires because there are a finite amount of resources. Here is an example of a question below: Economic questions always deal with: a. financial matters b. political matters c. insufficient resources d. choice in the face of limited resources