Which of the Following Best Describes the Study of Economics

question 61

Multiple Choice

Which of the following best describes the study of economics?

• A)how to plan an economy
• B)how to limit human wants so that scarce resources are sufficient
• C)why resources are scarce
• D)the allocation of scarce resources among alternative uses
• E)how to distribute income as equally as possible

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Definitions:

Entrenched Constitution

A constitution that can only be changed or amended through a special and usually difficult process, ensuring stability and protection from easy modification.

Governor General

The representative of the monarch in a Commonwealth country, performing ceremonial duties and fulfilling the constitutional requirements of the nation.

Prorogue Parliament

Discontinuing a session of Parliament without dissolving it, typically done by the head of state on the advice of the prime minister.

Charter of Rights and Freedoms

A basic legal paper in Canada that ensures essential freedoms and rights for its citizens.