Economics is primarily the study of ________.
A) the relationship between matter and its motion
B) agents' choices and their impact on society
C) events of the past and how these events affect present human behavior
D) the different types of governments and the impact of their policies on a nation

Question

Quizplus · Accepted Answer

Economics is primarily concerned with analyzing how individuals and societies allocate limited resources to satisfy their unlimited wants and needs. This involves examining the choices made by economic agents such as consumers, producers, and governments, and determining their effects on the economy as a whole. Economics is not focused on the study of matter and its motion, events of the past, or different types of governments themselves.

Economics Is Primarily the Study of ________