Which One of the Following Is the Most Accurate Definition

question 214

Multiple Choice

Which one of the following is the most accurate definition of economics?

• A) Economics is the study of stocks and bonds.
• B) Economics is the study of how people allocate unlimited resources.
• C) Economics is the study of how consumers choose to spend their income.
• D) Economics is the study of how society chooses to allocate scarce resources.

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Definitions:

Cortex

The outermost layer of the brain, responsible for complex functions including thought, memory, and consciousness.

Frontal Lobe

The part of the brain located at the front of each cerebral hemisphere, responsible for voluntary movement and has a role in activities such as decision-making, problem-solving, and planning.

Motor Cortex

The region of the cerebral cortex involved in planning, controlling, and executing voluntary movements.

Occipital Lobes

The region of the brain located at the back of the head, primarily responsible for processing visual information.