Economics is the study of
A)how the human race differs from other species
B)how individuals amass personal fortunes in the stock market
C)how individuals and nations deal with the problem of scarcity
D)role that money plays in the economy
E)how goods and services are distributed throughout the world

Question

Quizplus · Accepted Answer

Economics is the study of how individuals and nations deal with the problem of scarcity. It is concerned with the production, consumption, and distribution of goods and services in a world with limited resources. While money is an important aspect of the economy, it is not the only focus of economics. The study of how individuals amass personal fortunes in the stock market is more closely related to finance or investment.

Economics Is the Study of