What does economics primarily explore?
A) how the government allocates its budget among competing political interests
B) how stock and bond prices fluctuate when there are changes in demand or supply
C) how goods and services are produced and distributed in a world with limited resources
D) how businesses market products under competitive conditions

Question

Quizplus · Accepted Answer

Economics primarily explores how goods and services are produced and distributed in a world with limited resources. While economics may touch on topics such as government budgets, stock and bond prices, and business marketing, the core focus is on the allocation of resources in the production and distribution of goods and services.

What Does Economics Primarily Explore