Economics Is Best Described as the Study of

question 1

Multiple Choice

Economics is best described as the study of

• A)how to be successful in the stock market.
• B)how people allocate resources to try and satisfy their wants.
• C)how people should spend their incomes.
• D)why people choose certain goods and services rather than others.

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Definitions:

Cleavage

In geology, the tendency of crystalline materials to split along definite crystalline boundaries, creating smooth surfaces.

Hardness

A measure of a mineral's resistance to scratching, which aids in identifying minerals in field and lab settings.

Ionic

Relating to or involving ions, which are atoms or molecules with a net electric charge due to the loss or gain of one or more electrons.

Covalent

referring to chemical bonds formed by the sharing of electron pairs between atoms.