Economics is concerned with:
A) the choices people must make because resources are scarce.
B) human decision makers and the factors that influence their choices.
C) the allocation of limited resources to satisfy unlimited wants.
D) all of the above.
Correct Answer:
Verified
Q38: Economics is most importantly concerned with:
A)how to
Q39: A normative statement is descriptive-it describes what
Q40: "Ceteris paribus" is a Latin expression that
Q41: Economics is primarily the study of:
A)human greed.
B)how
Q42: When society can not produce all the
Q44: The fundamental economic problem is:
A)poverty.
B)unemployment.
C)scarcity.
D)inflation.
Q45: If oil is considered a non-renewable resource,
Q46: Which of the following goods would be
Q47: By the study of "scarcity," an economist
Q48: Which of the following statements are true?
A)Wealthy
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