Microeconomics

MCQ - 14-4024

Question:

Which of the following would best complete a short definition of economics? “Economics is the study of . . .”

how unlimited resources are allocated between scarce wants.
how money is circulated through the economy.
how corporations maximize the share price of their stock.
how money is circulated through the economy.
how scarce resources are allocated to satisfy unlimited wants.

Correct Answer: E

Explanation:

This is the definition of economics!

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269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: Which of the following would best complete a short definition of economics? “Economics is the study of . . .” , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 14-4024.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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