Which of the following statements is NOT correct?
A) Economics is a behavioral science.
B) In large measure, economics is the study of how people make choices.
C) If poverty were eliminated, there would be no reason to study economics.
D) Economic analysis can be used to explain how both individuals and societies make decisions.
Correct Answer:
Verified
Q2: Opportunity cost is
A) that which we forgo,
Q3: If you can buy 9 DVDs for
Q5: If your tuition is $25,000 this semester,
Q6: That which we forgo, or give up,
Q13: Suppose that you purchased a ticket to
Q13: Which of the following is NOT an
Q14: Economists often refer to risk-free ventures as
A)
Q15: The study of economics
A) is a very
Q17: The concept of opportunity cost
A) is relevant
Q20: Among the fundamental concepts in economics are
A)
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