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31 Aug 2020
Which one of the following is the most accurate definition of economics?
(a) Economics is the study of stocks and bonds.
(b) Economics is the study of how people allocate unlimited resources.
(c) Economics is the study of how consumers choose to spend their income.
(d) Economics is the study of how society chooses to allocate scarce resources.
Which one of the following is the most accurate definition of economics?
(a) Economics is the study of stocks and bonds.
(b) Economics is the study of how people allocate unlimited resources.
(c) Economics is the study of how consumers choose to spend their income.
(d) Economics is the study of how society chooses to allocate scarce resources.
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