MCQ1-22. Economics is best defined as the study of

Question

BlackTom AI · Accepted Answer

Economics is commonly defined as the study of how societies allocate scarce resources to satisfy unlimited wants, which reflects the core idea of resource management and allocation. 
Option a: 'How central bank predicts inflation, unemployment, and economic growth' focuses narrowly on monetary policy forecasting and macroeconomic indicators, not the full scope of economics as a discipline. While such predictions are part of macroeconomics, the definition is too limited to capture economics as a whole. 
Option b: 'How society efficiently manages its scarce resource' directly aligns with the fundamental definition of economics, emphasizing allocation and efficiency in the presence of scarcity across the economy. This is the most accurate description among the choices. 
Option c: 'How business firm operates to achieve the highest profit' centers on firm behavior and profit maximization, which is a component of economics (microeconomics) but does not represent the overall study of economics, which includes markets, institutions, and resource allocation at societal level. This makes the statement incomplete as a definition. 
Option d: 'How government regulates economic markets to ensure fair competition' highlights regulatory aspects and policy, which are important but do not by themselves define economics. It is only one part of the broader economic study, not the complete definition. 
Overall, the strongest and most comprehensive match is option b, since it encapsulates the central concern of economics—efficiently managing scarce resources at a societal level across various contexts.

MCQ1-22. Economics is best defined as the study of单项选择题

类似问题

Government can correct the Blank ______ of resources by subsidizing consumers of the product.

Question at position 6 In most societies, resources are allocated bya small number of central planners.a single central planner.the combined actions of millions of households and firms.those firms that use resources to provide goods and services.

What does ‘resource allocation’ refer to?

According to the video, who is most important in determining how resources are allocated in a market system?

What does ‘resource allocation’ refer to?

Economics studies ______.

Despite ambitious targets in China’s First Five-Year Plan (1953–1957), what major economic challenge persisted throughout the 1950s and 1960s?

Economics is best described as:经济学最好地描述为：

更多留学生实用工具

智能学习助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单