Economics Is Best Defined as the Study of How

question 94

Multiple Choice

Economics is best defined as the study of how:

• A)individuals decide to use scarce resources in an attempt to satisfy their unlimited wants.
• B)individuals can make money.
• C)the government should deal with unemployment and inflation.
• D)to eliminate the problem of scarce resources.
• E)to run a business.

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Definitions:

Acquired Immunodeficiency Syndrome

A chronic, potentially life-threatening condition caused by the human immunodeficiency virus (HIV) which damages the immune system.

Negligence

A medical professional’s failure to perform an essential action or performance of an improper action that directly results in the harm of a patient.

Breach of Contract

A legal term describing a violation of the terms of a contract without lawful excuse, which may result in legal consequences.

Direct Cause

An immediate factor or event that directly leads to an outcome or effect.