Which of the following is true?
i.A rational choice is always made in the pursuit of social interest.
ii.Economics is a social science.
iii.Economists try to understand how the economic world works by testing positive statements.
A) ii and iii
B) Only i
C) Only ii
D) Only iii
E) i and ii

Question

Quizplus · Accepted Answer

Economics is a social science that studies human behavior and interactions in the context of scarcity and resource allocation. Economists use positive statements, which are objective and testable, to understand and explain how the economic world functions.

Which of the Following Is True