Which of the following fields is concerned with understanding the choices people make in using scarce resources?

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Economics is the field that is concerned with understanding the choices people make in using scarce resources. The study of economics deals with how people or societies allocate scarce resources among various alternatives to satisfy their unlimited wants and needs. Statistics is a branch of mathematics dealing with the collection, analysis, interpretation, presentation, and organization of data. Psychology is the scientific study of the human mind and behavior.

Which of the Following Fields Is Concerned with Understanding the Choices