Multiple Choice
Economics is a social science that involves the study of how individuals
A) develop their tastes and preferences.
B) develop their goals and objectives in life.
C) pursue happiness.
D) choose among alternatives to satisfy their unlimited wants.
Correct Answer:
Verified
Correct Answer:
Verified
Q271: Which of the following best describes how
Q272: In constructing models, economists<br>A) consider all factors
Q273: Economic analysis is a tool that<br>A) aids
Q274: In order to study how changing price
Q275: When studying individuals' economic behavior, economists assume
Q277: Rational behavior for an economist means that
Q278: Which of the following is a positive
Q279: Which of the following is an example
Q280: To test their theories, economists usually have
Q281: An example of a microeconomic decision is