Economics is most precisely defined as
A) a study of what people need to survive.
B) a study of how culture evolves in different geographic areas.
C) the same as the study of finance and management.
D) the study of how people make choices.
Correct Answer:
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Q21: _ are the things that are used
Q22: Economics is the study of how people
Q23: Macroeconomics is the study of
A) aggregate economic
Q24: Wants are
A) another term for needs.
B) the
Q25: In economics
A) both resources and wants are
Q27: Which of the following is a characteristic
Q28: Economics is a
A) hard science.
B) physical science.
C)
Q29: The primary objective of economics is
A) to
Q30: Microeconomics is defined as that part of
Q31: The basic economic problem is a situation
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