People must answer the basic economic questions, a guide in decision- making. in solving the issue of scarcity. Question '| of 2 \"ID Points Match an item to choice. 8 if the given is economics as social science. A if the given is economics as applied science. and N if it is neither social science nor applied science. Match each item to a choice: Opportunity cost is perceived in relative pricing. There are economic resources, which is also known as production resources. Supporting all members of society. there must be sufcient allocation of all resources by the government. Having a clear understanding of economic principles and how they are applied in real-life circumstances are useful tools in tackling the economic problems of the country. Ceteris Paribus Assumption is used in analyzing the relationship between two variables as the other factors are unchanged. A transitional economy is an economic system in the process of shifting from central planning to competitive