Economics is primarily the study of:
A)why resources are scarce
B)how advertising and sales promotion shape consumer wants
C)how to make profitable investments
D)how to use scarce resources among alternative ends
E)why consumer wants are unlimited

Question

Quizplus · Accepted Answer

Economics is primarily concerned with how to allocate scarce resources among alternative ends. This includes topics such as production, consumption, distribution, and exchange of goods and services within a society. Economics also involves the study of incentives, decision-making, and market behavior, among other topics. While the other choices may be important topics in economics, they do not represent the primary focus of the field.

Economics Is Primarily the Study Of