Which Statement Most Accurately Defines Economics

question 201

Multiple Choice

Which statement most accurately defines economics?

• A)Economics is the study of how people make money.
• B)Economics is the study of how people make choices to satisfy their wants.
• C)Economics is the study of values a society should choose.
• D)Economics is the study of how to eliminate scarcity.

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Definitions:

Heterosexual Masculinity

Social norms and cultural expectations associated with being a heterosexual male, often emphasizing traditional roles and behaviors.

Intersectional Approach

An analytical framework which posits that various social identities (such as race, gender, sexuality, and class) interact on multiple levels, contributing to systemic injustice and social inequality.

Single Mother-led Families

Households headed by a female parent who is not married or partnered, raising her children alone.

Poverty

A condition where individuals or communities lack the financial resources and essentials for a minimum standard of living.