Multiple Choice
Economics is primarily the study of
A) how to make money in the stock market.
B) how to operate a business successfully.
C) the allocation of scarce resources in an effort to satisfy wants that are virtually unlimited.
D) the methods business firms use to reduce their costs of production.
Correct Answer:
Verified
Correct Answer:
Verified
Q57: Which of the following groups would most
Q58: Which of the following is most consistent
Q59: Adam Smith believed that if people were
Q60: Positive economics<br>A) postulates a relationship that is
Q61: Your friend notices that U.S. auto production
Q63: Which of the following is a normative
Q64: Why would a radio station give money
Q65: When economists say goods are scarce, they
Q66: Which of the following is most consistent
Q67: In economics, secondary effects refer to the<br>A)