Economics Is Best Defined as the Study of How

question 47

Multiple Choice

Economics is best defined as the study of how

• A) to classify resources used to produce final goods and services.
• B) resources are apportioned to satisfy human wants.
• C) modern businesses have grown and prospered.
• D) technology can be used to change scarce resources into free resources.
• E) pure capitalism has become the best system for satisfying basic human wants.

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Definitions:

Schizophrenia

A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception, inappropriate actions and feelings, withdrawal from reality and personal relationships into fantasy and delusion, and a sense of mental fragmentation.

Extraterrestrials

Beings that are not from Earth, often speculated to exist in the universe and sometimes depicted in science fiction.

Moses

A prophet in the Abrahamic religions who, according to biblical narratives, led the Israelites out of Egyptian slavery and received the Ten Commandments from God.

Sociocognitive Explanation

A theory that combines social and cognitive factors to explain behavior and mental processes.