This response will be reviewed and graded after submission.
Grading can be reviewed and adjusted.
Grading can be reviewed and adjusted.
Responses
Evaluation Question 1
Answers:
Alternative Uses: It refers to the choice or decision to satisfy a given want with a particular unit of resources at the expense of another want (opportunity cost)
Micro Economics: It is the study of the economic behaviour of individual decision-making units in a free enterprise e.g. business firms etc.
Macro Economics: It is the study of aggregate economy and the economic issues that affect the economy generally such as output, total employment, price level, etc.
Evaluation Question 2
Answer:
Reasons why Economics is a science:
It uses both deductive and inductive measures in decision-making.
It adopts scientific methods to explain observed phenomena
It uses scientific methods to predict the outcome of future events
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Invite this member to groups
Message this member
Add this member as a connection
Please note:
This action will also remove this member from your connections and send a report to the site admin.
Please allow a few minutes for this process to complete.
Responses