The Study of Economics Is Best Described as a Study

question 13

Multiple Choice

The study of economics is best described as a study of

• A) the factors that influence the stock and bond markets.
• B) capitalism.
• C) the choices made in producing goods and services.
• D) coping with scarcity, and choices made as a result of scarcity in a society.
• E) how people earn a living.

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Definitions:

U.S. Supreme Court

The highest court in the United States, which has ultimate appellate jurisdiction over all federal and state court cases that involve a point of federal law.

Title VII

A segment from the 1964 Civil Rights Act banning job discrimination on the grounds of race, complexion, faith, gender, or nationality.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature that makes submission a condition of employment or a factor in employment decisions or that creates an intimidating, hostile, or offensive work environment. The two types are hostile environment and quid pro quo.

Nonemployee

A nonemployee is an individual who performs work for a company or organization but is not classified as an employee, often without the same rights, benefits, or obligations.