Multiple Choice
Which of the following statements best describes the study of economics?
A) Economics studies how firms make profits.
B) Economics studies how to organise production so that scarcity does not occur.
C) Economics studies how businesses reach decisions.
D) Economics studies how we make choices in the face of scarcity.
E) Economics studies how to create incentives so that scarcity does not exist.
Correct Answer:
Verified
Correct Answer:
Verified
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