Which one of the following is the most accurate definition of economics?
A) Economics is the study of stocks and bonds.
B) Economics is the study of how people allocate unlimited resources.
C) Economics is the study of how consumers choose to spend their unlimited income.
D) Economics is the study of how an individual agent/entity chooses to allocate scarce
Resources.
Correct Answer:
Verified
Q29: Which of the following is included in
Q30: Inflation is a concern of:
A) macroeconomics.
B) microeconomics.
C)
Q31: A television network newscaster reports that the
Q32: The study of microeconomics and macroeconomics differs
Q33: The most fundamental concepts underlying the discipline
Q33: The central question in economics is how
Q35: Microeconomists would be interested in which of
Q37: Which of the following is capital?
A) Fresh
Q38: Consider the statement: 'The increase in money
Q39: Which of the following is a macroeconomics
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