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Practice Reading: Fill in the Blanks (Dropdown) ID: #49464 Economics
Instructions
Economics  is  the  study  of  choices.  Though  some  believe  that  economics  is  driven  purely  by  money  or  capital,  the  choice  is  much  more  .  If  the  study  of  economics  is  the  study  of  how  people  choose  to  use  their  resources,  analysts  must  also  consider  all  of  their  possible  resources,  of  which  money  is  but  one.  In  practice,  resources  can    everything  from  time  to  knowledge  and  property  to  tools.  As  such,  economics  helps  illustrate  how  people  interact  within  the  market  to    their  diverse  goals.  Beyond  defining  what  these  resources  are,  the  concept  of  scarcity  is  also  an  important  consideration.  These  resources    no  matter  how  broad  the  category    are  limited,  which  is  the  source  of  tension  in  the  choices  people  and  society  make:  Their  decisions  are  a  result  of  the    tug  of  war  between  unlimited  wants  and  desires  and  limited  resources.

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