Which of the Following Is Correct

question 11

Multiple Choice

Which of the following is correct?

• A)The word economy comes from the Greek word for "rational thinker."
• B)Economists study the management of scarce resources.
• C)Because economists believe that people pursue their best interests,they are not interested in how people interact.
• D)All of the above are correct.

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Definitions:

Depreciates

The loss of value of an asset over time due to factors such as wear and tear, age, or technological advancements.

Russian Ruble

The national currency of Russia, utilized as the medium of exchange within the country.

Appreciate

To increase in value or price over a period of time.

Freely Flexible Exchange Rates

A currency system where the value of a currency is allowed to fluctuate according to the foreign exchange market without direct government intervention.