a. Economics is the study of how people allocate their limited resources to satisfy their unlimited wants.
b. Economics is an empirical science.
c. Economics is a social science.
d. Economics does not use theories.
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Home » Business » Which of the following statements is NOT true? a. Economics is the study of how people allocate their limited resources to satisfy their unlimited wants. b. Economics is an empirical science. c. Economics is a social science. d.