Which of the Following Is NOT a Key Principle of Economics

question 93

Multiple Choice

Which of the following is NOT a key principle of economics?

• A) Optimization
• B) Equilibrium
• C) Empiricism
• D) Substitution

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Definitions:

Unconformity

A geological surface that represents a time gap in the rock record, often where older rocks are overlain by much younger rocks without intermediate layers.

Shale Layer

A fine-grained sedimentary rock composed of clay, quartz, and other minerals, typically found in layered formations.

Granites

An igneous rock, chiefly made up of quartz, feldspar, and mica, with a coarse texture, widely used for construction purposes.

Mineral Deposits

Concentrations of minerals within the earth's crust that are of economic interest due to their potential for mining.