Economics Is the Study of Decisions Made Necessary by the Problem

question 50

True/False

Economics is the study of decisions made necessary by the problem of unlimited wants and limited means to satisfy them.

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Definitions:

Body Project

The activities, efforts, and work individuals undertake to shape, maintain, or alter the appearance of their bodies according to certain ideals or standards.

Adapting Activity

involves modifying behaviors or processes to better fit changing environments or requirements.

Hearing Aid

A device designed to improve hearing by making sound audible to a person with hearing loss.

Centenarian

An individual who has lived to or beyond the age of 100 years.