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Web and to test economic theories. Web study with quizlet and memorize flashcards containing terms like what is economics?, which fall in the sphere of economics?,. Studies the behavior of the agricultural sector. Economics is the study of scarcity and choice. Why do we study economics? 5.0 (2 reviews) each worker learns one task very well. Web economics is best defined as the study of how people, businesses, governments, and societies a)make choices to cope with.