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According to the textbook, economics is a _________.
a. social science.
b. study of business decisions, not social decisions.
c. part of operations and management science.
d. part of humanities.

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Sonia Dhawan
Sonia DhawanLv10
10 Oct 2020
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Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
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ISBN: 9781947172388
Principles of Microeconomics
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ISBN: 9781947172340

Related questions

Which of the following statements about economics as a social science correct? Economics is the social science that
1) focuses exclusively on determining how businesses can earn larger profits.
2) studies how people make decisions in the face of scarcity and the resulting impact of such decisions on both society as a whole and on the individual members therein.
3) studies the allocation and transfer of power in decision-making, systems of governance, and the effects of public policy.
4) None of these answers is correct.
Economics is a social science that involves the study of how individuals, firms, and societies....
Economics is a social science that focuses on _________.
a. cultures
b. geography
c. decision-making
d. None of the above

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