Question 1
Basic ConceptsThe study of Economics enables the individual to
- A.be misserly inthe spending of his money
- B.derive maximum satisfaction from the money he spends
- C.determine the right market to visit
- D.avoid the purchase of luxurious items
- E.derive solutions to all problems
Show the answer and explanation
Answer: B (derive maximum satisfaction from the money he spends)
Explanation
Economics teaches how to use limited income to get the greatest satisfaction.