Economics is the study of how to?

Economics is the study of how to?

A. choose between alternatives, given limited resources B. regulate the money that is in circulation in a country C. be prudent in the use of available resources D. improve the standard of living of the society at large E. arrange our needs in order of usefulness...
Economics is the study of how to?

Devaluation is effective when?

A. demand for imports is price inelastic B. demand for imports is neutral C. production for export is low D. demand for exports is price elastic Correct Answer: Option D – demand for exports is price elastic

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