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:

Physiological Change

Alterations in the normal functions of the body, which can be due to various factors including stress, disease, and environmental changes.

Emotional Episode

A sequence of emotional reactions occurring in response to a specific event or situation.

Vary

To change or alter in form, appearance, or nature, often in a slight way, leading to variations within a group or patterns.

Intensity

The quality or state of being intense; often refers to the degree or amount of strength, force, energy, or feeling.