Which of the Following Statements Best Describes the Study of Economics

question 57

Multiple Choice

Which of the following statements best describes the study of economics? Economics studies how

• A) to organize production so that scarcity does not occur.
• B) firms make profits.
• C) we make choices in the face of scarcity.
• D) to create incentives so that scarcity does not exist.
• E) businesses reach decisions.

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Definitions:

Non-Linguistic Accompaniment

Components of communication other than spoken language, including gestures, facial expressions, and other body language, that complement or enhance the message.

Paralanguage

The non-linguistic accompaniments of speech such as stress, pitch, speed, tone, pauses.

Gestures

Meaningful body movements and postures.

Facial Muscle Activity

Movements of the muscles in the face that are often analyzed to understand emotions and expressions.