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Questions and Answers
What is the main focus of economics?
What is the main focus of economics?
- B. The study of the Earth's climate and weather patterns
- D. The study of the universe and its components
- A. The study of the human body and its functions
- C. The study of the behavior and choices of individuals, businesses, and governments (correct)
Which of the following best defines the term 'economic'?
Which of the following best defines the term 'economic'?
- A. Related to the study of living organisms
- C. Concerned with the structure and function of the Earth's physical features
- D. Associated with the study of celestial bodies
- B. Pertaining to the production, distribution, and consumption of goods and services (correct)
Which of the following is NOT a factor of production in economics?
Which of the following is NOT a factor of production in economics?
- C. Capital
- D. Technology (correct)
- B. Labor
- A. Land
