Which of the following is the best definition of economics?
A) An investigation of the evolutionary process of mankind
B) A study of society as a system of interconnected parts
C) A study of how people deal with the problem of scarcity
D) An examination of the structure and the role of the government in an economy
E) A study of how to conduct free and fair elections in a country
Correct Answer:
Verified
Q14: The problem of scarce resources:
A) can be
Q15: Alan is a retired economist who enjoys
Q16: Economics:
A) studies human behavior when scarcity exists
Q17: Which of the following is not classified
Q18: In economics, capital is defined as:
A) natural
Q20: Scarcity:
A) applies to a brain surgeon but
Q21: The interaction of economic decision makers:
A) is
Q22: A good or service is considered scarce
Q23: Natural resources:
A) include bodies of water, trees,
Q28: The difference between a good and a
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