Answer to Question #94197 in Macroeconomics for Taylor

Question

The number of hours you decide to study each week for your biology class is an economic decision.


True

False

Answer 1

Economic decisions - decisions about what to produce, how to produce, to whom to get results. It is believed that these are, in general, the three fundamental issues of the economy that every economic subject resolves every day and every hour, at any level of the economic hierarchy - from the government to the worker in his workplace. So, The number of hours you decide to study each week, also economic decision. It is true