Which of the following statements is incorrect?
A) If poverty were eliminated there would be no reason to study economics.
B) Economics is a behavioural science.
C) Economic analysis can be used to explain how both individuals and societies make decisions.
D) In large measure, economics is the study of how people make choices.
Correct Answer:
Verified
Q1: The problem of scarcity is directly relevant
A)
Q3: Economists use the term 'capital' to mean
A)
Q4: In return for supplying factors of production,
Q5: Which of the following are factors of
Q6: _is related to wants and _ is related
Q7: A study of whether or not employers
Q8: A study of how increases in tax
Q9: Macroeconomics is the branch of economics that
Q10: Economists define the rate of inflation as
Q11: The cut in VAT to tackle the
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