efmunoz927 efmunoz927
  • 11-04-2019
  • Social Studies
contestada

How resources are used is determined by people's _____ . a. choices b. retail c. costs d. regulations

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brooke54773
brooke54773 brooke54773
  • 11-04-2019
I’m not so sure but I’m gonna go with a. Choices
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palebadgworthy
palebadgworthy palebadgworthy
  • 29-05-2019

The correct answer is A.

The whole economic science is based on the fact that resources are scarce, and on how economic agent (households, business and public sector) need to decide how to allocate them to produce goods and services that will be used to satisfy their needs and desires. Allocations are determined by agent's choices, who interact in the markets, aiming to obtain the greatest benefit for themselves.

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