The Study of Economics

question 83

Multiple Choice

The study of economics:

• A) primarily considers the stock market.
• B) is about people's decisions regarding their use of scarce resources.
• C) doesn't apply to decisions made by businesses.
• D) states efficiency and equity don't conflict.

---

Definitions:

IaaS

A type of cloud computing, Infrastructure as a Service, delivers virtualized computing resources through the internet.

SaaS

Stands for Software as a Service, a model of software distribution in which applications are hosted by a vendor or service provider and made available to customers over a network, typically the internet.

Entrepreneurs

Individuals who start and manage their own businesses by innovating, taking risks, and overcoming challenges to bring new products or services to market.

Dry Cleaners

Businesses that clean clothing and textiles using a chemical solvent rather than water, typically for items that cannot withstand the rigors of a standard home washer and dryer.