Economics is most precisely defined as
A) a study of what people need to survive.
B) a study of how culture evolves in different geographic areas.
C) the same as the study of finance and management.
D) the study of how people make choices.
Answer: D
Economics
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What are the fundamentals of Coasian reasoning?
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Resources are
a. scarce for households but abundant for the whole economy b. abundant for households but scarce for the whole economy c. scarce for households and scarce for the whole economy. d. abundant for households and the whole economy.
Economics