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A.
an inquiry into the nature and causes of the wealth of nations
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B.
the science of material welfare
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C.
the science which studies human behavior as a relationship between ends and scarce means which have alternative use
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D.
the science that treats phenomena from the stand point of price
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E.
the practical science of production and distribution of wealth
Correct Answer: Option C
Explanation
Lionel Robbins (1932) developed implications of what has been termed "perhaps the most commonly accepted current definition of the subject": Economics is a science which studies human behavior as a relationship between ends and scarce means which have alternative uses.
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