The Best Definition of Economics Is

question 16

Multiple Choice

The best definition of economics is

• A)how choices are made under conditions of scarcity.
• B)how money is used.
• C)how goods and services are produced.
• D)how businesses maximize profits.

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Definitions:

Responsible

Having the duty to deal with something or having control over someone, often implying the ability to make important decisions or obligations.

Coat Rack

A piece of furniture or device used for hanging coats, hats, or other garments.

Manager

An individual responsible for directing and overseeing the activities and operations of a group or organization.

Conditional Gift

A gift that is given with specified conditions that must be met by the receiver for the ownership to fully transfer.