Which statement most accurately defines economics?
A) Economics is the study of how to eliminate scarcity.
B) Economics is the study of values a society should live by.
C) Economics is the study of how people make choices to satisfy their wants.
D) Economics is the study of how people make money.
Correct Answer:
Verified
Q21: Economics can usefully be defined as
A)the process
Q22: Physical capital includes
A)training programs for workers.
B)improvements to
Q23: Microeconomics concentrates on _.
Q24: In economic terminology,the accumulated experience,training and education
Q25: In economics,things that are used to produce
Q27: One area of study within microeconomics would
Q28: Which of the following is a factor
Q29: The primary goal of economics is to
Q30: Microeconomics is the study of
A)the behaviour of
Q31: The income that is earned when land
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