Economics is considered a social science primarily due to its:
A) elements of psychology.
B) consideration of how people behave in the broader society.
C) lack of assumptions about human behavior.
D) elements of sociology.
Correct Answer:
Verified
Q7: Scarcity:
A) does not exist in the real
Q8: Economics assumes that most humans make _
Q9: Rational self-interest predicts that:
A) people will alter
Q10: A basic assumption made by economists regarding
Q11: Where does trade occur?
A) primarily in foreign
Q13: Economics starts with the premise that most
Q14: Which of the following is an example
Q15: _ consists of all actual and potential
Q16: A market:
A) does not include services.
B) is
Q17: Amazon and eBay are examples of _
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