Microeconomics test 1 study guide chapter 1 1. define economics 2. define the scarcity principle 3. define the cost-benefit principle 4. janie must choose to either mow the lawn or wash clothes. if she mows the lawn, she will earn $30, and if she washes clothes, she will earn $45. she dislikes both tasks equally and they both take the same amount of time. janie will therefore choose to because it generates a economic surplus.

Explanation:

Economics can be defined as the study of how limited resources can be used to satisfy unlimited wants and needs.  Scarcity principle can be defined as a theory which high demand for good accompanied with limited supply leads to a mismatch between equilibrium demand and desired supply. The cost-benefit principle is a method to analyze economic decisions. A decision cannot be taken up if the cost is higher than the benefit.  Janie can earn $30 if she mows the lawn and $45 if she washes clothes. The opportunity cost is the same for both. She should choose to wash clothes because it generates more economic surplus.

Iwould say e managed social media account . i won’t take my answer because it might be wrong

It would be option a