Multiple Choice
Which of the following statements is incorrect?
A) If poverty were eliminated there would be no reason to study economics.
B) Economics is a behavioural science.
C) Economic analysis can be used to explain how both individuals and societies make decisions.
D) In large measure, economics is the study of how people make choices.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Which of the following could help to
Q4: Which of the following is part of
Q5: Assume that a firm can produce 6
Q6: You own the DVD boxed set of
Q7: Rational decision- making involves computer- assisted mediation.
Q9: In the 'circular flow of income' model,
Q10: Define what you consider to be the
Q11: Scarcity occurs because incomes are not allocated
Q12: A planned motorway connecting two cities was
Q13: What are demand- side and supply- side