In the definition of economics,
A) both resources and wants are limited.
B) both resources and wants are unlimited.
C) resources are limited and wants are unlimited.
D) resources are unlimited and wants are limited.
Correct Answer:
Verified
Q1: Economics is a social science that involves
Q10: Economics is a part of the
A) social
Q21: _ are the things that are used
Q23: Macroeconomics is the study of
A) aggregate economic
Q28: Economics is a
A) hard science.
B) physical science.
C)
Q29: The primary objective of economics is
A) to
Q31: The basic economic problem is a situation
Q32: Because resources are scarce relative to wants,
Q37: Economics is concerned with choices
A) that involve
Q37: Resources are
A) unlimited.
B) able to be replicated
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