Economics is a study of
A) choices and interactions among people when resources are scarce.
B) how to eliminate scarcity.
C) how to make choices and interact in order to avoid scarcity.
D) how to avoid scarcity by making choices.
E) how to make money in stock markets.
Correct Answer:
Verified
Q10: Economics is the study of how individuals
Q11: Economics is the study of how people
Q12: Scarcity is a problem
A)only for poor countries.
B)only
Q13: Scarcity applies to everyone regardless of income.
Q14: Which of the following statements about economic
Q16: The economic problem is
A)a lack of money.
B)a
Q17: Economic interactions occur only in the presence
Q18: Choices are made in order to avoid
Q19: A budget constraint
A)does not occur if there
Q20: The concept of scarcity refers to
A)a situation
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