Economics Is Best Defined as the Study of How

question 72

Multiple Choice

Economics is best defined as the study of how

• A)individuals decide to use scarce resources in an attempt to satisfy their unlimited wants
• B)to make money
• C)the government should deal with unemployment and inflation
• D)to eliminate the problem of scarce resources
• E)to run a business

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Definitions:

Workforce

The group of people who are employed in a company, industry, or country.

Economic Times

A term that might refer to periods classified according to prevailing economic conditions or to a newspaper focusing on economic and financial news.

Corporate Buyout

The acquisition of controlling shares in a company, often resulting in a change in management and strategy.

Blackout

A temporary loss of consciousness, electricity, or the obscuration of memory, often caused by power failures, medical conditions, or heavy drinking.