Economics is the study of
A) the distribution of surplus goods to those in need.
B) affluence in a morally bankrupt world.
C) the choices we make because of scarcity.
D) ways to reduce wants to eliminate the problem of scarcity.

Question

Quizplus · Accepted Answer

Economics is fundamentally concerned with the study of how people make choices in the face of scarcity, which involves allocating limited resources to meet various wants and needs.

Economics Is the Study of