Economics is a:

A) social science that deals with making choices among alternatives.
B) natural science that concerns itself with allocating relatively scarce resources among alternative ends.
C) science that has no theories or models based on the scientific method.
D) humanities course that mainly concerns itself with limited wants versus unlimited resources.

Ans: A) social science that deals with making choices among alternatives.

Economics

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Economists who really do want to take discretion away from the Fed, by imposing rules on ________, face the problem of ________

A) policy instruments, the Fed requiring discretion to adhere to the rule B) policy instruments, slippages between instruments and target variables C) target variables, the Fed requiring discretion on how to achieve the rule D) target variables, slippages between instruments and target variables

Economics

The Beveridge curve is

A) a positive relationship between unemployment and the inflation rate. B) a positive relationship between the government deficit and aggregate output. C) a negative relationship between the vacancy rate and the unemployment rate. D) a positive relationship between the inflation rate and the nominal interest rate.

Economics