Economics is best defined as the social science that studies
A) the way to eliminate choices in our decisions.
B) the choices that societies,and the people and institutions that make up societies,make in dealing with the issue of scarcity.
C) how choices made in the social interest must conflict with choices made in the self-interest.
D) how a person can get everything he or she wants.
E) the reason money exists.
Correct Answer:
Verified
Q2: Economics is the social science that studies
A)how
Q3: Scarcity means that
A)what we can produce with
Q4: Which of the following is a microeconomic
Q5: Which of the following is a microeconomic
Q6: Scarcity forces people to
A)be unwilling to help
Q7: What is the reason that all economic
Q8: The primary focus of microeconomics is
A)our government's
Q9: Scarcity
A)leads to higher prices.
B)used to exist everywhere
Q10: Which of the following is a microeconomic
Q11: Which of the following is a microeconomic
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