Which of the Following Is a Characteristic or Focus of Economics

question 86

Multiple Choice

Which of the following is a characteristic or focus of economics?

• A) allocation of limited resources in an effort to satisfy potentially unlimited wants
• B) positive economic analysis
• C) empirical analysis
• D) all of the above

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Definitions:

"g" Factor

A term in psychology that refers to the general intelligence factor, believed to represent the common skills and abilities that underlie all intelligent behavior.

Correlate Poorly

Describes a weak or nonexistent relationship between two variables or factors.

Spearman's "g" Factor

A theory suggesting that general intelligence ("g") underlies all cognitive abilities, meaning that individuals who perform well in one cognitive domain tend to perform well in others.

Intellectual Abilities

Cognitive capacities that include reasoning, problem solving, planning, abstract thinking, complex idea comprehension, learning from experience, and more.