Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

which of the following is best described as the study of allocating sca…

Question

which of the following is best described as the study of allocating scarce resources to satisfy an unlimited amount of wants and needs? psychology finance economics accounting

Explanation:

Brief Explanations

Psychology focuses on mental processes and behavior. Finance deals with money management and investments. Accounting centers on recording and reporting financial transactions. Economics is defined as the study of how scarce resources are allocated to meet unlimited human wants and needs, which matches the given description.

Answer:

economics