Which of the Following Is the Best Definition of Economics

question 146

Multiple Choice

Which of the following is the best definition of economics?

• A) Economics is the study of how to manage corporations to generate the greatest return on shareholder investment.
• B) Economics is the study of how to mange city and country government to generate the greatest good to its citizens.
• C) Economics is the study of how society chooses to allocate its scarce resources.
• D) Economics is the study of how to track revenues and costs within a business.

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Definitions:

Old-Old

A term used in gerontology to describe individuals typically aged 85 years and older, often characterized by increased frailty and health challenges.

Centenarian Adults

Individuals who have reached the age of 100 years or older, often studied for their longevity and health practices.

Late-Onset Schizophrenia

Schizophrenia that first appears in a person's late 20s or beyond, characterized by symptoms like delusions and hallucinations.

Depression And Suicide

Depression and suicide are closely linked, with severe depression significantly increasing the risk of suicidal thoughts, tendencies, and actions as a result of feelings of hopelessness, worthlessness, or despair.