Economics may best be defined as the study of why people are rational. Interaction between macro and micro considerations. Social science concerned with how individuals, Institutions, and society make...

Economics may best be defined as the study of why people are rational. Interaction between macro and micro considerations. Social science concerned with how individuals, Institutions, and society make optimal choices under conditions of scarcity. Empirical testing of value judgments through the use of logic. Previous SAMSUNC F2