Economics Can Best Be Described as

question 14

Multiple Choice

Economics can best be described as

• A)the study of how a society ought to allocate its resources.
• B)the study of the use of scarce resources to satisfy unlimited human wants.
• C)the application of sophisticated mathematical models to address social problems.
• D)a normative science.
• E)the study of how to reduce inflation and unemployment.

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Definitions:

Parental Differentiation

The process by which parents distinguish their needs and identities from those of their children, promoting autonomy and healthy boundaries.

Belongingness

A fundamental human need to feel accepted and valued by one's social groups or community.

Disconnectedness

The state of being isolated or detached from others, often leading to a lack of communication or sense of belonging.

Acculturation

The process of cultural change and psychological change that results following meeting between cultures.