Economics is best defined as the study of
A) financial decision making.
B) how consumers make purchasing decisions.
C) choices made by people faced with scarcity.
D) inflation, unemployment, and economic growth.

Question

Quizplus · Accepted Answer

Economics is primarily concerned with understanding the choices individuals, businesses, and governments make when confronted with limited resources, which is why option C is the most accurate definition.

Economics Is Best Defined as the Study of