The subject of economics is primarily the study of:
A) the government decision-making process.
B) how to operate a business successfully.
C) decision-making because of the problem of scarcity.
D) how to make money in the stock market.

Question

Quizplus · Accepted Answer

Economics is primarily concerned with the allocation of scarce resources to satisfy unlimited wants and needs, which is also known as the problem of scarcity. It examines how individuals, businesses, and societies make decisions about how to allocate resources in order to achieve their objectives. The other choices, such as government decision-making, operating a business, and making money in the stock market, may all be studied within the field of economics, but are not the primary focus.

The Subject of Economics Is Primarily the Study Of