As a Discipline,economics Is Best Described by Which of the Following

question 39

Multiple Choice

As a discipline,economics is best described by which of the following?

• A) the study of how to control the effects of government actions
• B) the study of how to control the preferences of consumers so that there will be enough resources to produce all the goods and services that consumers want
• C) the study of how to use scarce resources to satisfy unlimited wants and needs
• D) the study of how to dispose of excess goods and services that nobody wants
• E) the study of how to maximize profits for firms

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Definitions:

Enlarged Craniums

A condition characterized by the abnormal growth of the head or skull, often indicative of medical or genetic issues.

Fetal Alcohol Syndrome

A condition in a child resulting from alcohol exposure during the mother's pregnancy, causing growth problems, facial anomalies, and neurological issues.

Mental Retardation

An outdated and considered offensive term for intellectual disability, which refers to significant limitations in cognitive functioning and adaptive behavior.

Alcohol

A psychoactive substance found in drinks such as beer, wine, and spirits, known for its ability to alter mood and behavior when consumed.