Which of the Following Is the Best Definition of Economics

question 94

Multiple Choice

Which of the following is the best definition of economics?

• A)the study of how a provincial government allocates tax dollars
• B)the study of how consumers spend their income
• C)the study of how producers decide what inputs to hire and what outputs to produce
• D)the study of how individuals, businesses, governments, and entire societies make choices as they cope with scarcity and the incentives that influence and reconcile those choices
• E)the study of how consumers and producers meet each other at the market

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Definitions:

ASCII Character Set

A character encoding standard for electronic communication, representing text in computers with numbers assigned to letters, digits, and symbols.

Modulus Operator

A mathematical operator used to find the remainder of a division between two numbers.

Integer Division

Integer division is a mathematical operation where the division of two integers results in an integer, discarding any remainder.

Immutable Objects

Objects whose state cannot be modified after they are created, enhancing predictability and thread-safety in applications.