Multiple Choice
Economics is a:
A) social science that deals with making choices among alternatives.
B) natural science that concerns itself with allocating relatively scarce resources among alternative ends.
C) science that has no theories or models based on the scientific method.
D) humanities course that mainly concerns itself with limited wants versus unlimited resources.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: The three fundamental economic questions of what,
Q5: A good is scarce if we must
Q6: A theory that has won virtually universal
Q7: Many disagreements among economists result because:<br>A) economists
Q8: The Case in Point on the Simpsons
Q10: The existence of alternative uses of a
Q11: Which of the following statements is (are)
Q12: An answer to the question "For whom"
Q13: The problem of determining for whom to
Q14: A theory or model is a simplification