"Economics is concerned with how individuals, institutions, and society make optimal choices under conditions of scarcity." This statement is
A) positive but incorrect.
B) positive and correct.
C) normative but incorrect.
D) normative and correct.
Correct Answer:
Verified
Q44: Rosa works at a gelato shop and
Q45: Which of the following statements pertains to
Q46: Microeconomics is concerned with
A) the aggregate or
Q47: Which of the following is a microeconomic
Q48: "Macroeconomics is the part of economics concerned
Q50: Which of the following is associated with
Q51: Which of the following statements is true?
A)
Q52: Ben says that "an increase in the
Q53: Scarcity
A) persists only because countries have failed
Q54: The economizing problem is
A) the need to
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