The Basic Concern of Economics Is To

question 124

Multiple Choice

The basic concern of economics is to:

• A) keep business firms from losing money.
• B) prove that capitalism is better than socialism.
• C) study the choices people make.
• D) use unlimited resources to produce goods and services to satisfy limited wants.

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Definitions:

Lower-SES

Refers to individuals or groups categorized as having a lower socioeconomic status, which may include aspects of poverty, education, and employment opportunities.

Single-Parent Families

Households where a child or children live with only one guardian, often due to divorce, separation, death, or single parenthood by choice.

United States

A country located in North America, consisting of 50 states, a federal district, and various territories.

Under 18

Refers to a person who has not yet reached the legal age of adulthood, which is 18 years in many countries.