Economics is the study of how a society ________.
A) invests wisely in the stock market.
B) employs resources to produce goods and services and distribute them among competing groups and individuals.
C) employs statistical techniques to make predictions about the evolution of society over the long run.
D) governs itself for the good of its citizens.

Question

Quizplus · Accepted Answer

Economics is concerned with how societies allocate their resources to produce goods and services, and how they then distribute those goods and services among different groups and individuals. It is not primarily concerned with investing in the stock market, making predictions about the future, or governing society.

Economics Is the Study of How a Society ________