Economics

question 115

Multiple Choice

Economics:

• A)studies human behavior when scarcity exists and choices must be made.
• B)provides the only reasonable explanation of how people make decisions.
• C)can accurately explain all human behavior since it is based on the assumption of rationality.
• D)is better at showing the way things ought to be than the other social sciences.
• E)is the only social science that can explain the existence and behavior of public institutions.

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Definitions:

Medicinal Benefits

The health advantages gained from the consumption or use of drugs, plants, or other substances with therapeutic properties.

Precautionary Strategy

An approach to decision-making that emphasizes preventive action in the face of uncertainty, aiming to minimize risks.

Captive Breeding

The process of breeding animals in controlled environments within zoos, wildlife reserves, or other facilities to preserve endangered species.

Fertility Drugs

Medications used to treat infertility, enhancing reproductive potential by stimulating ovulation.