Refer to the information provided in Table 22.1 below to answer the question(s) that follow. Table 22.1Refer to Table 22.1. The labor-force participation rate is

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

A balance sheet

A) measures flows of income and expenditure over a given period of time. B) equates flows of revenue with flows of expenditure. C) measures assets, liabilities, and net worth at a giving instance in time. D) None of the above are correct.