The Three Basic Characteristics of the Economic Perspective Are

question 12

Multiple Choice

The three basic characteristics of the economic perspective are:

• A)Relative scarcity,purposeful behavior,and adaptability
• B)Supply,demand,and equilibrium
• C)Description,institutions,and facts
• D)Prices,quantities,and incomes

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Definitions:

Check

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or to a specified person or entity.

Issued

Released or distributed officially by an authority, such as documents, currency, or rulings.

Bank Clears

The process by which a bank processes transactions and settles payments between parties.

Negotiability

The quality of a financial instrument that allows it to be transferred or assigned from one party to another in exchange for value.