The Study of Economics

question 176

Multiple Choice

The study of economics

• A) focuses mainly on individual consumers.
• B) arises from the fact that our wants exceed available resources.
• C) recognizes that scarcity does not affect rich nations.
• D) deals mainly with microeconomics.

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Definitions:

Cookies

Small text files stored on a user's device by a web browser, containing data about the user's browsing activity and preferences.

B2C Website

A website that sells products or services directly from businesses to consumers.

Transport Layer Security (TLS)

A cryptographic protocol designed to provide secure communications over a computer network.

E-Commerce Sites

Websites designed to facilitate commercial transactions of goods and services online.