Economics can be defined as the social science that explains the ...

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Economics can be defined as the social science that explains the ________.
 
  A) choices made by politicians
  B) choices we make when we trade in markets
  C) choices that we make as we cope with scarcity
  D) choices made by households

Question 2

The figure above shows the U.S. demand and U.S. supply curves for cherries. At a world price of 2 per pound once international trade occurs, the production of cherries in the United States will equal
 
  A) 200,000 pounds.
  B) 400,000 pounds.
  C) 600,000 pounds.
  D) 800,000 pounds.
  E) 0 pounds.

[Rilsmarie951]

Answer to Question 1

C

Answer to Question 2

C