Economics is primarily the study of:
A) how choices are made because of scarcity.
B) corporate balance sheets and income statements.
C) how to operate a business.
D) how to make money in the stock market.
E) how to allocate scarce resources to satisfy unlimited needs.
Correct Answer:
Verified
Q2: Economics is concerned with:
A)the choices people must
Q3: Economics is primarily the study of:
A)human greed.
B)how
Q4: Scarcity means that:
A)human desires are limited.
B)resources are
Q7: Economics is a science that:
A)typically uses controlled
Q8: Fundamentally, economics is concerned with:
A)how scarce resources
Q10: The fundamental economic problem is:
A)poverty.
B)unemployment.
C)scarcity.
D)government intervention into
Q11: The problem of scarcity:
A)exists because resources are
Q30: Scarcity is the result of:
A)government decision making.
B)inappropriate
Q36: The central question in economics is how
Q38: Scarcity implies that:
A) consumers are too poor
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