Answers 26-27 Ignite Economics-KY-Economics Entrepreneurship — Unit testQuestion 8

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Entrepreneurship — Unit test

Question 8 of 15 • 26-27 Ignite Economics-KY-Economics

What is one purpose of studying economics?

Answer

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to understand the reasons why people purchase certain goods

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to find reasons why some resources become scarce

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to determine the principles that explain why consumers buy services

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to examine principles that influence the production of goods and services

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