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Master the Basics of Economics

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Questions and Answers

Which word does the term 'economy' come from?

Greek

Household

Oikonomias (correct)

Manage

What is the main focus of economics?

Optimizing satisfaction

Making social choices

Studying human behavior

Efficient use of resources (correct)

What does economics study under conditions of scarcity?

Social choices

Use of scarce resources (correct)

Satisfaction levels

Human behavior

What are some decisions faced by households and economies?

<p>All of the above</p> Signup and view all the answers

What is the alternative use of scarce resources in economics?

<p>Achieving maximum efficiency</p> Signup and view all the answers

Master the Basics of Economics

Choose a study mode

Podcast

Questions and Answers

Which word does the term 'economy' come from?

What is the main focus of economics?

What does economics study under conditions of scarcity?

What are some decisions faced by households and economies?

What is the alternative use of scarce resources in economics?

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Master the Basics of Economics

Master the Basics of Economics

Master the Basics of Economics

Master the Basics of Economics

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