Economics Is a Study of

question 137

Multiple Choice

Economics is a study of

• A) how to make money in the stock market.
• B) how to run a business successfully.
• C) the allocation of scarce resources.
• D) personal finance.

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Definitions:

Survive

To continue to live or exist, especially in spite of danger, hardship, or after experiencing a life-threatening situation.

Reproduce

The biological process by which living organisms produce offspring, either sexually or asexually.

Generalization

The process of applying information or conclusions from specific instances to broader contexts or general situations.

CR

A term that stands for conditioned response, which is an automatic response established by training to an ordinarily neutral stimulus.