Economics Can Be Defined as the Social Science That Explains

question 372

Multiple Choice

Economics can be defined as the social science that explains the

• A) choices made by politicians.
• B) choices we make when we trade in markets.
• C) choices that we make as we cope with scarcity.
• D) choices made by households.

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Definitions:

Net Amount

The final amount remaining after all deductions, like taxes and fees, have been subtracted from the gross amount.

Collect Like Terms

A mathematical process to simplify algebraic expressions by combining constants and variables that are the same.

Operation Indicated

A term referring to the specific process or calculation suggested by the context, often mathematical or procedural.

Collect Like Terms

A mathematical strategy used in algebra to simplify an expression by combining terms that have the same variables and exponents.