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

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Darryn D'Souza
Darryn D'SouzaLv10
15 Sep 2020
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Related textbook solutions

Principles of Economics
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ISBN: 9781947172364
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Related questions

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.

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.

Economics may best be defined as the:

a. Study of why people are rational.

b. Interaction between macro and micro considerations.

c. Social science concerned with how individuals, institutions, and society make optimal choices under conditions of scarcity.

d. Empirical testing of value judgments through the use of logic.

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