Studying Economics Will Provide You with Tools That Are

question 98

Multiple Choice

Studying economics will provide you with tools that are

• A)mainly useful for understanding business issues.
• B)useless in real-world situations.
• C)mainly useful for financial analysis.
• D)not useful for studying issues such as crime, discrimination, and who has the right to sue.
• E)useful for studying issues such as monetary policy, discrimination, and who has the right to sue.

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Definitions:

Doubled

Refers to an increase by 100% or a situation where a quantity has become twice as large.

Quantity Theory

The theory in economics that the quantity of money available in an economy is the major determinant of the economic activity level, prices, and inflation.

Crude Quantity

An initial, unrefined estimate of the amount or volume of a substance or material.

Grief

The emotional suffering one feels when something or someone the individual loves is taken away.