Which One of the Following Is the Most Accurate Definition

question 214

Multiple Choice

Which one of the following is the most accurate definition of economics?

• A) Economics is the study of stocks and bonds.
• B) Economics is the study of how people allocate unlimited resources.
• C) Economics is the study of how consumers choose to spend their income.
• D) Economics is the study of how society chooses to allocate scarce resources.

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Definitions:

Carl Jung

A Swiss psychiatrist and psychoanalyst who founded analytical psychology, known for his theories of the collective unconscious, archetypes, and psychological types.

Emotional Intelligence

The capacity to be aware of, control, and express one's emotions, and to handle interpersonal relationships judiciously and empathetically.

Self-Management

Self-Management refers to the ability of an individual to manage their personal actions, emotions, and thoughts in a productive and effective manner.

Valuing Diversity

The appreciation and respect for differences among individuals, including those related to culture, race, gender, or any other characteristic.