By definition, economics is the study of
A)how to make money in the stock market.
B)how to make money in a market economy.
C)the choices people make to attain their goals, given their scarce resources.
D)supply and demand.

Question

Quizplus · Accepted Answer

Economics is the study of how people allocate their limited resources to satisfy their unlimited wants and needs. It involves analyzing the production, distribution, and consumption of goods and services. Therefore, option C is the most appropriate definition of economics. Options A and B are too narrow and specific, and option D is only a part of the larger picture of economics.

By Definition, Economics Is the Study of