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MMLU / Which of the following would best complete a short definition of economics?…

Problem

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question

Which of the following would best complete a short definition of economics? "Economics is the study of . . ."

choices

  1. how unlimited resources are allocated between scarce wants.
  2. how money is circulated through the economy.
  3. how corporations maximize the share price of their stock.
  4. how scarce resources are allocated to satisfy unlimited wants.

subject

high_school_microeconomics

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Source and history

Official source

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