The study of economics is primarily concerned with
A) keeping private businesses from losing money.
B) demonstrating that capitalistic economies are superior to socialistic economies.
C) choices that are made in seeking the best use of resources.
D) determining the most equitable distribution of society's output.

Question

Quizplus · Accepted Answer

The study of economics is primarily concerned with the choices that are made in seeking the best use of resources. This includes examining how individuals, businesses, and governments allocate their scarce resources to fulfill unlimited wants and needs. While considerations regarding equity and distribution of resources do play a role in economics, they are not the primary focus. The study of economics also does not aim to promote a particular economic system over another.

The Study of Economics Is Primarily Concerned with