Multiple Choice
The author of the textbook defines economics as the
A) science of efficiency.
B) science of scarcity.
C) study of markets.
D) study of human activity.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q21: Economists sometimes refer to the resource category
Q22: Let X be the number of hours
Q23: Which of the following statements uses the
Q24: If people want more cars than there
Q25: In most societies,dollar price acts as the
Q27: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q28: A characteristic of a 45-degree line is
Q29: In a two-variable diagram,there is a straight
Q30: In economics,a synonym for utility is<br>A) usefulness.<br>B)
Q31: In all cases,normative economics deals with<br>A) what