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Economics
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Which statement most accurately defines economics?
A) Economics is the study of how people make money.
B) Economics is the study of how people make choices to satisfy their wants.
C) Economics is the study of values a society should choose.
D) Economics is the study of how to eliminate scarcity.

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Alice Sejake
Alice SejakeLv10
26 Sep 2020
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Related textbook solutions

Principles of Economics
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ISBN: 9781947172364
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Related questions

What would be the best definition of economics?

A. Economics is something we study in History to learn about jobs.

B. Economics is about money. It is also a study about employment, decision- making and choices, and how scarcity and competition lead people to behave.

C. Economics is the way people make money and how they find their hobbies.

D. Economics is how people choose a job and where they choose to live.

Which of the following is the best definition of economics?
Ā 
a. Economics is the study of how to eliminate scarcity associated with the goods and services we produce.
b. Economics is the study of how to manage city and county government to generate the greatest good to its citizens.
c. Economics is the study of how people choose to allocate their scarce resources to satisfy their unlimited wants.
d. Economics is the study of how to track revenues and costs within a business.

Which of the following offers the best definition of economics?

a. Economics is the study of how to eliminate scarcity associated with the goods and services we produce.
b. Economics is the study of how to manage city and county government to generate the greatest good to its citizens.
c. Economics is the study of how people choose to allocate their scarce resources to satisfy their unlimited wants.
d. Economics is the study of how to track revenues and costs within a business.

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