Which of the Following Is the Best Definition of Economics

question 178

Multiple Choice

Which of the following is the best definition of economics?

• A) Economics is the study of how to manage corporations to generate the greatest return on shareholder investment.
• B) Economics is the study of how to manage city and country government to generate the greatest good to its citizens.
• C) Economics is the study of how society chooses to allocate its scarce resources.
• D) Economics is the study of how to track revenues and costs within a business.

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Definitions:

Intimate

Characterized by a close, personal, and often affectionate or loving relationship, whether emotional, physical, or both.

Cognitive Frames

Cognitive frames are mental structures that shape the way individuals perceive and interpret information.

Sexual Scripts

Cognitive frames of knowledge used by individuals to guide and interpret sexual behavior, including who does what, when, and with whom.

Cliques

Exclusive groups of people with shared interests or traits, often excluding others not perceived to fit in.