Which of the Following Is the Best Definition of Economics

question 170

Multiple Choice

Which of the following is the best definition of economics?

• A) the study of how individuals and societies choose to use the scarce resources that nature and previous generations have provided
• B) the study of how consumers spend their income
• C) the study of how business firms decide what inputs to hire and what outputs to produce
• D) the study of how the federal government allocates tax dollars

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Definitions:

Internet Connection

The establishment of a link through which a computer or device can access the internet.

Accounts

Profiles or identities created to access and use computers, websites, or applications.

Favorite Websites

A user-defined collection of URLs saved in a web browser for easy access to frequently visited web pages.

Picture Password

A security feature where users unlock a device or account by performing specific gestures on a selected image instead of entering a text password.