Economics 1501
University of South Africa
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ECS1501 EXAM PACK NOTES & PAST QUESTION WITH SOLUTIONS
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Which one of the following statements best explains
economics?
●
● [1] Economics is a study of rocks.
● [2] Economics is a study of living things.
● [3] Economics is a natural science.
● [4] Economics is not concerned with scarcity.
● [5] Economics is an empirical science
Summary
ECS1501 EXAM PACK NOTES & PAST QUESTION WITH SOLUTIONS
Last document update:
ago
Which one of the following statements best explains economics? ● ● [1] Economics is a study of rocks. ● [2] Economics is a study of living things. ● [3] Economics is a natural science. ● [4] Economics is not concerned with scarcity. ● [5] Economics is an empirical science
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