Economics is best defined as the study of:
A)the financial concerns of businesses and individuals.
B)the role of government in limiting the choices people make.
C)choice in the face of limited resources.
D)whether we will have enough resources in the future.

Question

Economics is best defined as the study of:
A)the financial concerns of businesses and individuals.
B)the role of government in limiting the choices people make.
C)choice in the face of limited resources.
D)whether we will have enough resources in the future.

Quizplus · Accepted Answer

Economics is the study of how people make choices under conditions of scarcity and the implications of those choices for society as a whole.

Economics Is Best Defined as the Study Of