THE KEY CONCEPT THAT SERVES AS THE BASIS FOR THE STUDY OF ECONOMICS...

7. The key concept that serves as the basis for the study of economics is:opportunity cost.unemployment.money.→ scarcity. AACSB: Analytic

Test Bank for Essentials of Economics 3rd Edition by Brue

Blooms: RememberDifficulty: 2 MediumLearning Objective: 01-01 Define economics and the features of the economic perspective.Topic: Economic perspectivesMultiple Choice Question Topic: Economics