Which of the Following Is the Best Definition of Economics

question 42

Multiple Choice

Which of the following is the best definition of economics?

• A) An investigation of the quantities and prices of the various goods produced by the nations of the world.
• B) A study of why inflation and unemployment periodically plague the U.S. economy.
• C) An analysis of how individuals and societies deal with the problem of scarcity.
• D) An examination of the role that money plays in the economy.
• E) A study of how goods and services are distributed throughout the world.

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Definitions:

P-waves

Primary waves, or compressional waves, are the fastest seismic waves that travel through solids, liquids, and gases in a push-pull motion.

S-waves

Secondary or shear waves, a type of elastic wave that moves through the body of the Earth, used in the study of earthquakes and the Earth's interior.

Oceanic Trench

Deep, underwater canyons formed by the subduction of one tectonic plate under another at convergent plate boundaries.

Magmatic Belt

A geographic zone that is extensively populated by igneous rocks which have been or are being formed by magmatic processes typically related to tectonic plate boundaries.