Economics Can Be Defined as the Social Science That Explains

question 430

Multiple Choice

Economics can be defined as the social science that explains the .

• A) choices made by households
• B) choices we make when we trade in markets
• C) choices that we make as we cope with scarcity
• D) choices made by politicians

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Definitions:

Legal

Pertains to matters related to the law, including regulations, rights, and obligations that govern individuals and entities.

Ethical

Morally right or acceptable according to principles of conduct that govern the behavior of a person or organization.

Industrial Waste

Unwanted or residual materials produced by industrial activities, which can include chemicals, metals, and construction debris.

Private International Law

Laws that establish international legal jurisdiction and procedures for people and organizations