Question 2 of 2 10 Points Match item to a choice. Match each item to a choice: It is the discipline dealing with the application of scientific knowledge to problems in order to develop practical solutions. It is the study of how people use their scarce resources to satisfy their unlimited wants. It is the value of the best alternative passed up for the chosen item or activity.GLOBE GLOBE 32 012 09:32 STI Education Services Group It is an overview of what is going on in the economy, and that might be far from what is ideal. It is a condition where there are insufficient resources to satisfy all the needs and wants of a population. It is a simplification of economic reality used to make predictions about the real world It is the application of economic theory and econometrics in specific settingsIt is an overview of what is going on in the economy, and that might be far from what is ideal. It is a condition where there are insufficient resources to satisfy all the needs and wants of a population. It is a simplification of economic reality used to make predictions about the real worldIt is an economic analysis that judges economic conditions 'as these should be'. It analyzes human behavior while taking the results of the other groups of sciences as a description and explanation of the human environment.Choices: Econometrics Applied Science Economics Social Science Positive Economics Applied Economics Economic Theory Opportunity Cost Scarcity Normative Economics