Economics
A)exists because of the scarcity.
B)is not related to decision-making.
C)is the science for the rich.
D)has nothing to do with the allocation of resources.

Name: Economics A)exists because of the scarcity. B)is not related to decision-making. C)is the science for the rich. D)has nothing to do with the allocation of resources.
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Question

Quizplus · Accepted Answer

Economics is the study of how individuals and societies allocate scarce resources to satisfy unlimited human wants. Therefore, economics exists because of the scarcity.