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ECS1501 Assignment 2 2024( Due 17may)
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Ecs1501 assignment 2 questions and answers1-18 Due 13 may
I confirm
that this assessment will be my own individual work;
that I will not communicate with anyone else in any way during the completion of this
assessment;
that I will not cheat in any way in completing and submitting this assessment.
I confirm.
I do not confirm.
, Question 1
Economics is
A the study of how scarce resources are allocated in an attempt to satisfy unlimited wants.
B a subdiscipline of business management.
c the study of the ethics of making money.
D the study of direct and indirect relationships between inputs and outputs in various production
methods.
Answer A
Q 2What are the three central questions to which every society must provide answers?
What to produce? How to produce it? When to produce it?
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