The study of all decision making under uncertainty is called:
A) ceteris paribus.
B) economics.
C) normative.
D) positive.

Question

Quizplus · Accepted Answer

Economics is the study of how individuals, businesses, governments, and societies make choices under conditions of scarcity and the implications of these decisions for markets, national economies, and the global economy. Uncertainty is a key element in many economic decisions.

The Study of All Decision Making Under Uncertainty Is Called