No student devices needed. Know more
5 questions
This is the application of economic theories and principles to real-world situations with the desired aim of predicting potential outcomes.
APPLIED ECONOMICS
FACE MASK
PANIC BUYING
ECONOMETRICS
2. Came from nature that are used in production including land, raw materials and natural processes.
OPPORTUNITY COST
ECONOMETRICS
NATURAL RESOURCES
APPLIED ECONOMICS
3. Goods and services to be produced are based on the needs of the consumers.
WHAT TO PRODUCE
HOW TO PRODUCE
WHEN TO PRODUCE
WHY TO PRODUCE
4. This has something to do with the combination of resources to be used.
WHAT TO PRODUCE
HOW TO PRODUCE
WHEN TO PRODUCE
WHY TO PRODUCE
5. Is the application of statistical and mathematical theories to economics for the purpose of testing hypotheses and forecasting future trends.
OPPORTUNITY COST
ECONOMETRICS
NATURAL RESOURCES
APPLIED ECONOMICS
Explore all questions with a free account