Which of the Following Is the Best Definition of Economics

question 98

Multiple Choice

Which of the following is the best definition of economics?  

• A) how to get rich by playing the stock market 
• B) how to reduce people's wants, given the scarcity of resources 
• C) how rational government officials determine what goods should be produced 
• D) how people use limited resources to try to satisfy unlimited wants

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Definitions:

ECG Paper

Specialized graph paper used for printing electrocardiogram results, featuring grids that assist in the measurement and analysis of heart rhythms.

Impulse Movement

The sudden, involuntary urge to perform a physical action or movement.

Precordial Electrode

An electrode placed on the chest near the heart for the purpose of recording the heart's electrical activity.

Intercostal Space

The anatomical space between two ribs, which contains muscles, nerves, and blood vessels.