In the broadest sense,what does economics study?
A)what companies make in producing goods and services for corporate use
B)what governments make in creating natural resources
C)what people, governments, and companies make in allocating resources
D)what people make in disposing of unnecessary resources

Question

Quizplus · Accepted Answer

Economics studies how people, governments, and companies allocate resources to satisfy unlimited wants and needs with limited resources. Therefore, option C is the most appropriate choice. Option A is narrow and only focuses on corporate production, while option B is incorrect as governments do not create natural resources. Option D is also incorrect as it does not accurately describe the focus of economic study.

In the Broadest Sense,what Does Economics Study