Economics is a social science that involves the study of how individuals
A) develop their tastes and preferences.
B) maximize their wealth.
C) achieve happiness.
D) respond to scarcity.
Correct Answer:
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Q10: Economics is a part of the
A) social
Q34: Human resources that organize,manage,and assemble the other
Q35: Microeconomics is the part of economic analysis
Q36: The income that is earned by entrepreneurs
Q37: The income that is earned when capital
Q38: When an economist refers to land as
Q41: When studying individuals' economic behaviour,economists make the
Q42: Macroeconomists study the behaviour of
A)individual business firms.
B)industries.
C)consumers.
D)the
Q43: Macroeconomics is concerned with
A)the effects on a
Q44: Macroeconomics studies economics from the standpoint of
A)a
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