The study of economics focuses on how people, businesses, and governments choose to allocate resources.

Name: The study of economics focuses on how people, businesses, and governments choose to allocate resources.
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Question

Quizplus · Accepted Answer

Economics studies how individuals, organizations, and governments make decisions about how to allocate resources, such as money, time, and labor, to meet their needs and wants. Therefore, the statement is true.

The Study of Economics Focuses on How People, Businesses, and Governments