A fundamental aspect of economics is to
A)ensure that every firm makes a profit.
B)analyze how choices are made.
C)satisfy all our wants.
D)make sure that our resources will always be unlimited.

Question

Quizplus · Accepted Answer

Economics is the study of how individuals, businesses, and societies make choices about how to allocate their scarce resources. Therefore, analyzing how choices are made is a fundamental aspect of economics. The other options are not accurate as economics does not ensure that every firm makes a profit, cannot satisfy all our wants, and recognizes that resources are limited.

A Fundamental Aspect of Economics Is to