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

ii. Economics is indeed a social science that studies how individuals, governments, firms, and nations make choices on allocating resources to satisfy their wants and needs. iii. Economists use positive statements, which are objective and fact-based, to understand and explain the economic world through testing and observation.

Which of the Following Is True