Economics is the study of how
A) individuals make choices because of scarcity.
B) to succeed in business.
C) to make money in the stock market.
D) the morals and values of people are formed.

Question

Quizplus · Accepted Answer

Economics is concerned with the allocation of scarce resources, so individuals and societies must make choices about what goods and services to produce, how to produce them, and who will receive them.

Economics Is the Study of How