Economics Is Best Defined as the Study of How

question 94

Multiple Choice

Economics is best defined as the study of how:

• A)individuals decide to use scarce resources in an attempt to satisfy their unlimited wants.
• B)individuals can make money.
• C)the government should deal with unemployment and inflation.
• D)to eliminate the problem of scarce resources.
• E)to run a business.

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Definitions:

Feminized

Made to possess qualities or characteristics traditionally associated with women.

Masculinized

To imbue or influence with masculine characteristics or properties.

Outgroup

“Them”—those perceived as different or apart from our ingroup.

Ingroup Bias

The tendency to favor members of one's own group over those in other groups.