Multiple Choice
Which of the following statements is NOT correct?
A) Economics is a behavioral science.
B) In large measure, economics is the study of how people make choices.
C) If poverty were eliminated, there would be no reason to study economics.
D) Economic analysis can be used to explain how both individuals and societies make decisions.
Correct Answer:
Verified
Correct Answer:
Verified
Q12: To isolate the impact of one single
Q40: The government should extend the duration of
Q51: The principle that irrelevant detail should not
Q102: Refer to the information provided in Figure
Q110: "Ceteris paribus" literally translated means, "buyer beware."
Q130: The slope of a non-linear curve<br>A) is
Q157: Refer to Scenario 1.1 below to answer
Q178: Among the fundamental concepts in economics are<br>A)
Q217: Refer to the information provided in Figure
Q240: The reason that opportunity costs arise is