Economics is best defined as the study of A) financial ...

[Zoey63294]

Economics is best defined as the study of
 
  A) financial decision-making.
  B) inflation, unemployment, and economic growth.
  C) the choices made by people faced with scarcity.
  D) how consumers make purchasing decisions.

Question 2

According to the text, the probability of an unemployed person finding a job doubles when
 
  A) his unemployment benefits expire. B) the economy enters a recessionary phase.
  C) his unemployment benefits are extended. D) he is threatened with arrest.

[aham8f]

Answer to Question 1

C

Answer to Question 2

A