Economics Can Be Defined as the Social Science That Explains

question 365

Multiple Choice

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

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

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Definitions:

Bearer

A person who is in possession of a negotiable instrument that is payable to the “bearer” or “cash” or that has been indorsed in blank.

Indorses

To sign the back of a financial document, transferring interest or rights to another party.

Holder in Due Course

A party that has acquired a negotiable instrument in good faith and without notice of any defect in title.

Maker

The individual or entity that creates or produces an item or is the original writer of a check or promissory note.