Economics is the study of choices we make among our many wants and desires.
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Q8: Scarcity forces us to choose, and choices
Q9: Since resources are abundant, we do not
Q10: A good economic theory is always more
Q11: Wealthy consumers do not have to make
Q14: Economists prefer to look at declared preferences
Q15: It is possible to completely eliminate scarcity.
Q16: To an economist, rational self-interest means that
Q17: If we choose more work we sacrifice
Q18: To an economist, individuals are acting "rationally"
Q146: Microeconomics is the branch of economics in
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