Economics is primarily the study of ________.
A) the mental functions and behavior of individuals and groups
B) the state, nation, government, and politics and policies of governments
C) the problems related to the existence and evolution of society
D) how agents choose to allocate scarce resources and how these choices affect society

Question

Quizplus · Accepted Answer

Economics is primarily the study of how individuals, firms, and governments allocate scarce resources among alternative uses in order to satisfy their unlimited wants and needs. It also examines how these choices affect the economy and society as a whole.

Economics Is Primarily the Study of ________