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Economics is the study of how people and society choose to employ scarce resources that could have alternative uses in order to produce various commodities and to distribute them for consumption, now or in the future, from paul samuelson and william nordhaus, economics, 12th ed. Mcq in engineering economics series ece board exam. Pdfengineering economy, 7th edition solutions manual. Answers for mcq in engineering economics part 1 as part of the general engineering and applied sciences geas board exam. Engineering economics 41 cash flow cash flow is the sum of money recorded as receipts or disbursements in a projects financial records.

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