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.
a Moderate
Correct Answer:
Verified
Q2: From an economic perspective, people make decisions
Q6: A market is
A)a place where firms meet
Q10: Economics is the study of how individuals
Q11: The basic economic problem is
A) a lack
Q12: Scarcity is a problem
A)only for poor countries.
B)only
Q14: Which of the following statements about economic
Q18: Choices are made in order to avoid
Q19: A budget constraint
A)does not occur if there
Q28: Which of the following statements is false?
A)There
Q38: The opportunity cost of a choice is
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