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Jose San CityCollege Divisionof Humanities SocialSciencc and Dr. PatdckGerster, Dean E shirk.10A.Summer 20/0 Dr. HungB. T eu,Instmctor PS#I&2(Chaptersl-7) I . Economicsbestdefited thesludy is as ofhow A . B C. D. E. to classiry resources to produce goods senices. r.sed fnal and reso*es areaijpbfiioned satisly to hrman fates.,, nrodem buinesses growrandprospered. have tcchnologr ber.rsed change contribute to scarce resouces lieeresoLrces. into purccapitalisr become bestsysten satisting lus the for underlying hunan wants. 2 llconomisls generally classily econonic resourccs thefollowing into three categodesl A. l). C D. E. ntq rnoncy, machirts. and savings, spending. invgstrrlent. and land, Iabor, capital,.!, and physical, lturan,andteclnological employed, menployed, free. ald 3 . A courlrys standard ofliving closely is con;iate;whhits A. B. u l), r E. physioalsizc. poDr ation derEity. lt]lucral Iesources pagan diversity. hbor lbrce productiviy. V 4 . Lirtrnornic analysis is A widely rurderstood allinoursociety. by ll inponant bend out lbl problems developing collectivistic h and societies oflittleuseu westem but capitalistic syslerns. C. d sclol ntathenutioal to eostlre sooietys nLles a mirth prosperily. and ll. a liamework mderstanding thatarise lbr issues because socielies to nrake need allocational decisions.

l, E a natLual science concemed biological go*th andchange with oftle kind systeur 5 l}e prirpose olatl econordc rndel isto A. Il. C. D li be r conplex, accept replica ofreality clemonstrate determine belieG best theeconomy. u,hich and are for nrahe prcdictions most fealworld. the nnm plumpheeconomy a.n corresponding automatic pilot. settheprices a pdce in system Pagc I hand,hewastalkingabor.rt WhenAdamSmithdescnbed invisible the { A. ths pri6s5ysternV B. .ehtr, I nl,nnino C. opportwrity cost. D, tlle social class labor. of E disguised unerplolrnent. 7 . Societ/s poolofknowledgeconceming indwtial artsis caued drc A. hbor. B. hnd. C capital. ll,...If you want to get a full essay, decree it on our website: Orderessay

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