Which of the Following Statements Best Describes the Study of Economics

question 167

Multiple Choice

Which of the following statements best describes the study of economics? Economics studies how

• A)to organize production so that scarcity does not occur.
• B)businesses reach decisions.
• C)we make choices in the face of scarcity.
• D)to create incentives so that scarcity does not exist.
• E)firms make profits.

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Definitions:

Complete Chromosome

A fully intact and functional chromosome that contains all its genetic information and structures needed for normal cellular activities and division.

Loss

The act or an instance of losing, referring to the fact or process of losing something or someone, typically in a financial, emotional, or physical context.

Locus

Physical location of a trait (or gene) on a chromosome.

Gene Location

The specific place on a chromosome where a particular gene or genetic marker is situated, crucial for understanding genetics and inheritance patterns.