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Business Economics

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Questions and Answers

What was 19th century Economics known as?

Social Economics

Political Economy (correct)

Market Economics

Global Economics

Who wrote 'The wealth of Nations' in 1776?

Karl Marx

John Maynard Keynes

Adam Smith (correct)

David Ricardo

What are the two fundamental facts mentioned in the text?

Limited wants and abundant resources

Unlimited wants and scarce resources (correct)

Unlimited wants and abundant resources

Limited wants and scarce resources

What does business economics integrate?

<p>Economics theory with business practice</p> Signup and view all the answers

What does decision making in business economics refer to?

<p>Selecting the most efficient means of attaining a desired end</p> Signup and view all the answers

Business Economics

Choose a study mode

Podcast

Questions and Answers

What was 19th century Economics known as?

Who wrote 'The wealth of Nations' in 1776?

What are the two fundamental facts mentioned in the text?

What does business economics integrate?

What does decision making in business economics refer to?

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