The study of economics
A) primarily considers the stock market.
B) is about people making decisions regarding their use of scarce resources.
C) does not apply to decisions made by businesses.
D) states that efficiency and equity do not conflict.

Question

Quizplus · Accepted Answer

The study of economics is concerned with the decisions people make regarding the use of scarce resources. While the stock market may be a part of economic analysis, it is not the primary focus. Additionally, economics applies to decisions made by all types of entities, including businesses. Finally, efficiency and equity can often be in conflict in economic analysis.

The Study of Economics