The author of the text defines economics as the science of efficiency. the study of how humans make decisions in the face of scarcity. study of markets. study of human activity.

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter3: Economic Decision Makers
Section: Chapter Questions
Problem 1.4P
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QUESTION 5
The author of the text defines economics as the
science of efficiency.
the study of how humans make decisions
in the face of scarcity.
study of markets.
study of human activity.
Transcribed Image Text:QUESTION 5 The author of the text defines economics as the science of efficiency. the study of how humans make decisions in the face of scarcity. study of markets. study of human activity.
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