Economics Is the Study of

question 7

Multiple Choice

Economics is the study of

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

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Definitions:

Well-being

A holistic assessment of an individual's physical, mental, and emotional health and satisfaction with life.

Gender-role Behaviors

Actions or activities considered socially appropriate for individuals based on their perceived or actual gender.

Masculinity-femininity Construct

A social construct that identifies a range of behaviors, interests, and roles traditionally stereotyped as masculine or feminine in a given culture.

Traditional Gender Roles

Cultural norms dictating the behaviors, tasks, and responsibilities expected of males and females based on their sex.