Author Question: Economics is defined as: a. The study of financial fluctuations within a particular society. b. ... (Read 62 times)

awywial · **on:** Jul 10, 2018

Economics is defined as:

a. The study of financial fluctuations within a particular society.
b. The study of the ways in which the choices people make combine to determine how their society uses resources for production and distribution.
c. The study of the interaction between culture, politics, and finances.
d. The study of how the financial market influences a society's financial and cultural elements.
e. The study of activities that affect distribution, exchange, and consumption.

Question 2

In economics, economizing behavior is:

a. Behavior designed to save money for a household.
b. Choosing to buy a generic rather than a name brand product.
c. Attempting to increase profits by investing savings.
d. Only present in capitalist market economies.
e. Making choices in ways believed to provide the greatest benefit.