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Identification the term or concepts being referred to the following: 1. The study of how society allocates the scarce resources to satisfied as many wants
Identification the term or concepts being referred to the following: 1. The study of how society allocates the scarce resources to satisfied as many wants as possible. 2. It depicts the relationships between independent and dependent variable. 3. A factor on which quantity can be changed or measured. 4. The process of directing and determining relationships among variables. 5. Model/s that consistently predict/s broad of real world phenomena. 6. Interventions or courses of action taken to manipulate the result of the economic activity. 7. A question of the types of goods society desires. 8. The market to which the producers will sell their products. 9. A state in which there is a balance two opposing forces. 10. The diagram of economic activity
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