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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.
I. the study of preferences of consumers and producers.
II. the study of fiscal and monetary policies of the government.
III. the study of choice because of scarcity.
IV.the study of the theory of price.
