Economics is best described as the:
A) study of choice when scarcity exists.
B) study of the development of human society.
C) study of the composition and structure of matter.
D) branch of science that uses the principles of sociology.
E) branch of science that is based on value judgments.
Correct Answer:
Verified
Q2: Which of the following sentences is the
Q3: Economics is best defined as the study
Q4: The fact that people have unlimited wants
Q5: Michigan has an abundant supply of fresh
Q6: Which of the following is an example
Q7: Which of the following would an economist
Q8: When economists refer to human capital, they
Q9: Which of the following fundamental resources is
Q10: A resource is something that:
A) is used
Q11: Natural resources are:
A) not considered scarce because
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