Question

Which of these statements accurately describe economics? Check all that apply. Economics is the study of how goods and services are made and sold. The principle of scarcity is a driving force of economic decisions. Services are things like groceries, cars, and office buildings. Government regulations rarely influence economic decisions. Producers and consumers interact to influence the economy.

Answer 1

Answer:

- Economics is the study of how goods and services are made and sold.  

-The principle of scarcity is a driving force of economic decisions.

-Producers and consumers interact to influence the economy.

Explanation:

Goods and services are produced through natural resources, which are mostly scarce. In this way, economic theory aims to rationalize the production and distribution of these goods and services to satisfy the demands of society.

For a good to be produced, it is necessary that this be useful, in this way, there will be demand. When there is demand, there will be a stimulus to the supply of that good or service. Thus, the interaction between supply and demand influences and determines the goods that will be produced and their price.

Answer 2

Economics is a social science that studied the allocation of scarce resources among different uses. The statements that accurately describe economics are:

• Economics is the study of how goods and services are made and sold.
• The principle of scarcity is a driving force of economic decisions.
• Producers and consumers interact to influence the economy.

What is Economics?

Economics is defined as a science that mainly focuses on the production, consumption, and distribution of goods and services. It studies the allocation of resources that are scare by the individual and businesses.

It focuses on the consumption of resources rationally for the production of goods and services.

The scarcity of resources is important aspect of economics. The producers have to allocate the resources in the most optimum ways to ensure maximum production.

The producers produce goods and services and the consumer consumes the same in an economy. This makes the economic cycle in an economy. The interaction between producer and consumer is another aspect of economics.

Therefore the correct options are a, b, and e.

Learn more about economics here:

brainly.com/question/1232441