As a Discipline,economics Is Best Described by Which of the Following

question 39

Multiple Choice

As a discipline,economics is best described by which of the following?

• A) the study of how to control the effects of government actions
• B) the study of how to control the preferences of consumers so that there will be enough resources to produce all the goods and services that consumers want
• C) the study of how to use scarce resources to satisfy unlimited wants and needs
• D) the study of how to dispose of excess goods and services that nobody wants
• E) the study of how to maximize profits for firms

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Definitions:

Basic Framework

The underlying structure or set of ideas that forms the basis or foundation for something, such as a theory, system, or organization.

Theorist

An individual who develops theories or a systematic framework of concepts intended to explain specific phenomena.

Aggressive-Rejected

A type of childhood rejection, when other children do not want to be friends with a child because of his or her antagonistic, confrontational behavior.

Bully-Victims

Individuals who are both perpetrators and victims of bullying, often exhibiting aggressive behavior towards others while also being targets of aggression themselves.