Economics is most importantly concerned with:
A)how to profit from trading in the stock market.
B)government taxation and spending.
C)studying how we allocate scarce resources to satisfy unlimited wants.
D)how to reduce inflation.
E)how to successfully launch a business.

Question

Quizplus · Accepted Answer

Economics is mainly concerned with the study of how we allocate scarce resources, such as time, money, and labor, in order to fulfill our unlimited wants and needs. This includes analyzing how different individuals, firms, and governments make decisions about production, consumption, trade, and distribution. While the other choices may be relevant topics in economics, they are not its primary focus.

Economics Is Most Importantly Concerned With