Which of the following statements is correct?
A) Economics is a natural science.
B) In large measure, economics is the study of how people make choices.
C) If poverty was eliminated there would be no reason to study economics.
D) Economic analysis can be used to explain how societies, but not individuals, make decisions.

Question

Quizplus · Accepted Answer

Economics is primarily concerned with the study of how individuals, households, and societies make choices to allocate limited resources.

Which of the Following Statements Is Correct