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13 Mar 2020

As a discipline, economics is best described by which of the following? 

 

A. the study of demand and supply.

B. the study of fiscal and monetary policies of the government.

C. the study of choice because of scarcity. 

D. the study of market failure.

 

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Jean Keeling
Jean KeelingLv2
13 Mar 2020

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Related questions

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

Economics is best defined as the study of how people, businesses, government and societies:
A) make choices to cope with scarcity.
B) attain wealth.
C) choose abundance over scarcity.
D) use their infinite resources.

Which of the following is the best definition of Economics?

A. Study of maximizing returns on shareholder's investments

B. Study of government policies to manage cities

C. Study of allocation of scarce resources

D. Study of tracking costs and revenue in a company

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